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TheStreet Open House

Newport Corp. - M&A Call

Stocks in this article: NEWP

Newport Corporation (NEWP)

October 04, 2011 4:00 pm ET

Executives

Charles F. Cargile - Chief Financial Officer, Senior Vice President and Treasurer

Robert J. Phillippy - Chief Executive Officer, President and Director

Analysts

Mark S. Miller - Noble Financial Group, Inc., Research Division

Ajit Pai - Stifel, Nicolaus & Co., Inc., Research Division

Dave Kang - B. Riley & Co., LLC, Research Division

James Ricchiuti - Needham & Company, LLC, Research Division

Presentation

Operator

Good day, everyone, and welcome to the Newport Conference Call. Today's call is being recorded. At this time for opening remarks and introductions, I would like to turn the conference over to Chief Executive Officer, Mr. Robert Phillippy. Please go ahead, sir.

Robert J. Phillippy

Thanks. Good afternoon, and thank you for joining us on our call today. I'm here with Chuck Cargile, our Chief Financial Officer, and together we will provide updates on our acquisition of Ophir Optronics, our new debt financing and our expected orders and sales results for the third quarter.

Before we get started, I'd like to remind you that during the course of this conference call, we will be making a number of forward-looking statements that are based on our current expectations and involve various risks and uncertainties that are disclosed in our periodic SEC filings. Although we believe that the assumptions underlying these statements are reasonable, any of them could prove inaccurate, and there can be no assurance that the results will be realized.

Earlier today, we issued a press release announcing the completion of Newport's acquisition of Ophir Optronics. As you may know, Ophir is a photonics technology company headquartered in Jerusalem, Israel. It was founded in 1976 and has industry-leading capabilities in 3 business segments: infrared optical systems, photonics instrumentation and 3D non-contact measurement.

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