SAN JOSE, Calif. - ATMI Inc. has announced that Doug Neugold, its chief executive and president, has been elected chairman, effective Jan. 1, 2011. Gene Banucci, ATMI's founder, former CEO, and outgoing chairman, will continue as a director of the company and a member of the board's Technology Committee.
Materials specialist ATMI recently reported revenues of $95.0 million for the third quarter of 2010, compared to $72.6 million in the third quarter of 2009. Net income was $9.5 million for the quarter, compared to net income of $6.5 million for the prior year period. Earnings per diluted share were $0.30, including a $0.05 per diluted share gain from the partial sale of an investment, compared to $0.21 per diluted share in the third quarter of 2009, which included $0.04 per diluted share of tax benefits.
In October, ATMI purchased a minority interest in Lake LED Materials of Daejeon, South Korea, a materials technology start-up focused on providing metal organic precursors to the LED market.
In November, ATMI acquired the Belgian biotechnology firm Artelis S.A., an innovator in the area of highly-efficient bioprocesses and technologies for cell culture research and manufacturing scale-up.