This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

FEI Company's CEO Discusses Q1 2012 Results - Earnings Call Transcript

Bookings for the quarter were $221.8 million, up 16% from Q1 of 2011 and up 9% from Q4’s net order total. Our recent acquisitions contributed less than 3% of bookings. Don will discuss the makeup of orders in our markets in a moment. Changes in currency rates had a small impact in our orders in totals and backlog this quarter. At the end of the latest quarter, the euro was $1.33 compared to $1.29 at the end of Q4. The backlog at the end of the quarter was $434.9 million and represents about 6 months of revenue at our current run rate.

Moving to slide four, first quarter revenue was up 10.5% from a year ago and 2% from the fourth quarter. Compared with a year ago, less than 2% of our revenue growth came from acquisitions offset in part by less than a 1% reduction due to changes in foreign exchange rates. Revenue growth was driven by Electronics segment, which was up 27% from last year’s first quarter and 42% from the fourth quarter of 2011 and made up 36% of the total.

The Electronics segment also had a strong bookings and a book-to-bill ratio of 1.12 for the quarter. Materials Science segment revenue of $73.2 million was up 4% from the first quarter of 2011 and down 20% on a normal seasonal basis from a record level fourth quarter of 2011. Within this segment, natural resources revenue was up 30% compared with last year’s first quarter and material science research revenue was flat.

Read the rest of this transcript for free on seekingalpha.com

3 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,093.59 +69.53 0.39%
S&P 500 2,117.02 +8.73 0.41%
NASDAQ 5,025.2060 +19.8150 0.40%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs