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Nanometrics' CEO Discusses Q1 2011 Results - Earnings Call Transcript

Nanometrics Incorporated ( NANO)

Q1 2011 Earnings Call

April 28, 2011 4:30 PM ET

Executives

Clair McAdams – IR

Tim Stultz – President and CEO

Ron Kisling – CFO

Analysts

Mahesh Sanganeria – RBC Capital Markets

Weston Twigg – Pacific West Securities

Auguste Richard – Piper Jaffray

Graham Tanaka – Tanaka Capital

Michael Lamari [ph] – Anoriko [ph] Inc.

Steven Shapiro – Intrepid Capital

Presentation

Operator

Good afternoon and welcome to Nanometrics first quarter 2011 financial results conference call. (Operator instructions) A Q&A session will be held at the end of the call. Until that time, all participants will be in a listen-only mode. Please note that this conference call is being recorded today, April 28, 2011. At this time, I would like to turn the call over to Clair McAdams, Investor Relations/Council for Nanometrics. Please go ahead.

Clair McAdams

Thank you and good afternoon everyone. Welcome to the Nanometrics first quarter 2011 financial results conference call. On today’s call are Dr. Timothy Stutlz, President and Chief Executive Officer and Ronald Kisling, Chief Financial Officer.

Before we get started, I would like to call your attention to the following safe harbor statement. This conference call contains certain forward-looking statements including but not limited to statements regarding financial results for our most recently completed fiscal quarter, which remains subject to adjustment in connection with the preparation of our financial statements and periodic report on Form 10-Q for the first fiscal quarter 2011, the continued adoption and competitiveness of our products, the expansion of our served markets and future revenue growth, profitability and cash flow. Although Nanometrics believes the expectations reflected in the forward-looking statements are reasonable, actual results could differ materially from the expectations due to a variety of factors including a contraction in current levels of industry spending, shifts in the timing of customer orders and product shipments, slower than anticipated market adoption, changes in product mix, increased operating expense and the additional risk factors and cautionary statements set forth in the company’s Form 10-K for fiscal year 2010 as well as other periodic reports filed with the SEC from time to time. Nanometrics disclaims any obligation to update information contained in any forward-looking statements.

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