October 11, 2001 — BURLINGAME, CA — Metron Technology. a provider of outsourced marketing, sales, service and support solutions to the semiconductor industry, recently said revenues for the first quarter of fiscal 2002, ending August, were $74 million, compared to the $119 million reported in the same quarter of 2001. Revenues of $121 million were reported for the fourth quarter of fiscal 2001.
“We are proud that we were able to deliver on our commitments for the quarter and remain profitable in a very difficult business environment. Our accomplishments this quarter are a direct reflection of our ability to manage costs and increase margins,” said Ed Segal, president and chief executive officer of Metron Technology.
Operating income for the first quarter was $1.2 million, compared to the $4.2 million reported in the same period last year and $4.7 million reported for the fourth quarter of fiscal 2001. Net income for the first quarter was $0.7 million or $0.05 per share compared to income before cumulative effect of change in accounting principle of$2.3 million, or $0.17 per share for the year earlier period ($0.06 per share after reflecting the cumulative effect of the adoption of SAB101), and net income of $2.5 million, or $0.19 per share for the fourth quarter of fiscal 2001.
Revenues for Metron’s materials division for the first quarter were $35 million compared to the $62 million in the same period of fiscal 2001. Equipment division revenues were $39 million compared to the $57 million recorded in the same period last year.