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Zygo Reports Record Profitability for Q4 2011

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MIDDLEFIELD, Conn., Aug. 24, 2011 — Precision optics and metrology company Zygo Corp. has posted fourth-quarter net earnings of $6.1 million, or $0.33 per diluted share, a 49% increase, compared with $4.1 million, or $0.23 per diluted share, in the prior year quarter. The company also announced a net income of $19.1 million on full-year revenues of $150.1 million, swinging from a net loss of $6.3 million last year. Sales also increased 48% on the prior year. “The combination of expanding demand for metrology and optical test equipment initiatives that improved both metrology and optics margins have enabled the...Read full article

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    Published: August 2011
    Glossary
    metrology
    Metrology is the science and practice of measurement. It encompasses the theoretical and practical aspects of measurement, including the development of measurement standards, techniques, and instruments, as well as the application of measurement principles in various fields. The primary objectives of metrology are to ensure accuracy, reliability, and consistency in measurements and to establish traceability to recognized standards. Metrology plays a crucial role in science, industry,...
    AmericasBusinessChris KoliopoulosConnecticutfourth quarter 2011 earningsmetrologyoptical test equipmentOpticsprecision opticsZygo

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