Cohu Reports Fourth Quarter Operating Results

Cohu, Inc. (NASDAQ:COHU) today reported fiscal 2011 fourth quarter net sales of $66.6 million and GAAP net income of $0.7 million or $0.03 per share. Net sales for the twelve months ended 2011 were $309.0 million and GAAP net income was $15.7 million or $0.64 per share.

The Company also reported non-GAAP results, with fourth quarter 2011 net income of $2.8 million or $0.12 per share and net income of $23.4 million or $0.96 per share for the twelve months ended 2011.

GAAP Results
			Q4 FY 2011		Q3 FY 2011		Q4 FY 2010
	Net sales		$ 66.6 million		$ 71.8 million		$ 96.9 million
	Net income		$ 0.7 million		$ 3.4 million		$ 9.4 million
	Income per share		$0.03		$0.14		$0.39
			12 Months 2011		12 Months 2010
	Net sales		$ 309.0 million		$ 322.7 million
	Net income		$ 15.7 million		$ 24.6 million
	Income per share		$0.64		$1.02
Non-GAAP Results
			Q4 FY 2011		Q3 FY 2011		Q4 FY 2010
	Non-GAAP net income		$ 2.8 million		$ 5.1 million		$ 11.7 million
	Non-GAAP income per share		$0.12		$0.21		$0.48
			12 Months 2011		12 Months 2010
	Non-GAAP net income		$ 23.4 million		$ 33.2 million
	Non-GAAP income per share		$0.96		$1.38

Sales of semiconductor equipment accounted for 78% of fiscal 2011 fourth quarter sales. Microwave communications equipment and video cameras and related equipment contributed 14% and 8%, respectively, for the same period.

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