Search Menu
Photonics Media Photonics Marketplace Photonics Spectra BioPhotonics Vision Spectra Photonics Showcase Photonics ProdSpec Photonics Handbook

Newport Sees Almost 11 Percent Sales Increase

Facebook Twitter LinkedIn Email
Newport Corp. closed the first quarter of 2014 with sales at $146.9 million, an increase of 10.8 percent over the same quarter last year. The advanced technology firm’s quarterly earnings were $7.9 million.

All markets except security and defense posted better sales now than a year ago, the company said. The sales figure represented a sequential decline of 4.7 percent, due in part to the sale of the MRSI subsidiary, which contributed $3 million in sales in the fourth quarter. Newport had increased orders for microelectronics and industrial manufacturing products, but there was a decline in orders in the scientific research and defense and security end markets and a $14 million order from the last quarter did not repeat, leading to an 11.7 percent sequential drop.

“Newport's positive financial results in the first quarter of 2014 reflect the continued strength we are experiencing in our business,” said Newport President and CEO Robert J. Phillippy. “Our first-quarter sales of $146.9 million increased 10.8 percent year-over-year, and we leveraged this increase into a 60.5 percent increase in non-GAAP operating income and an 81.3 percent increase in non-GAAP net income per diluted share.”

"We are off to a good start in 2014, and our first quarter results provide us with a strong foundation to build on,” Phillippy added. “In the second quarter of 2014, we expect sales to be in the range of $147 million to $153 million, which would be 9.5 percent to 14 percent higher than the second quarter of 2013.”
May 2014
AmericasBusinessindustrialNewport Corp.opticsRobert J. Phillippylasers

Submit a Feature Article Submit a Press Release
Terms & Conditions Privacy Policy About Us Contact Us
Facebook Twitter Instagram LinkedIn YouTube RSS
©2023 Photonics Media, 100 West St., Pittsfield, MA, 01201 USA, [email protected]

Photonics Media, Laurin Publishing
x We deliver – right to your inbox. Subscribe FREE to our newsletters.
We use cookies to improve user experience and analyze our website traffic as stated in our Privacy Policy. By using this website, you agree to the use of cookies unless you have disabled them.