August 1, 2007 — FEI Company reported year-over-year increases in revenue, earnings, bookings and cash and investments for the second quarter of 2007. Net sales were the highest for any quarter in the company’s history, and quarterly earnings were the second-highest ever and the largest second-quarter total ever.
“Bookings were seasonally down from the first quarter. They were the highest second-quarter total in the company’s history, and we expect improvement in the second half of the year, similar to the pattern we saw in 2006,” said Don Kania, president and CEO of FEI.
“Our new products have been well received, and we believe our new product flow, combined with growing nanotechnology opportunities, will generate further growth,” continued Kania. In the second quarter, FEI formally introduced the Phenom, its low-cost imaging device that the company expects will open new markets. “We expect it to begin contributing meaningfully to our results in 2008,” Kania explained.