FREMONT, Calif. -- Mattson Technology Inc. today reported sales of $62.3 million for the fourth quarter ended Dec. 31, an 74% increase over $35.8 million in the same period a year ago.
Pro-forma net income was $8.3 million, or $0.40 per diluted share, a 471% increase over $1.5 million, or $0.08 per diluted share, a year ago.
The supplier of chip equipment missed its projections, however, It was supposed to earn $0.41 a share, according to Zacks Research Investment.
Still, the company benefited from its recent acquisitions of CFM Technologies Inc. and Steag Electronic Systems AG (see Jan. 3 story ).
"Even though we managed to double our revenues in 2000, compared to the year before and post a 74% better quarter than the year before, the early signs of the industry-wide slowdown are starting to appear. Bookings are slowing quarter-to-quarter, with customers pushing out delivery dates," said Brad Mattson, CEO of Mattson Technology.