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Nanometrics' CEO Discusses Q2 2012 Results - Earnings Call Transcript

Stocks in this article: NANO

Nanometrics Incorporated (NANO)

Q2 2012 Earnings Conference Call

July 26, 2012 16:30 ET

Executives

Dr. Timothy Stutlz – President and Chief Executive Officer

Ronald Kisling – Chief Financial Officer

Analysts

Mahesh Sanganeria – RBC Capital Markets

Patrick Ho – Stifel

Tom Diffely – D.A. Davidson

Gus Richard – Piper

Presentation

Operator

Good afternoon and welcome to the Nanometrics Second Quarter 2012 Financial Results Conference Call. A Q&A session will be held at the end of the conference call. Until that time, all participants will be in a listen-only mode. Please note that this conference is being recorded today, July 26, 2012.

At this time, I would like to turn the call over to your host, Claire McAdams. Please begin.

Claire McAdams – Investor Relations

Thank you and good afternoon everyone. Welcome to the Nanometrics second quarter 2012 financial results conference call. On today’s call are Dr. Timothy Stutlz, President and Chief Executive Officer, and Ronald Kisling, Chief Financial Officer. Shortly, Tim will provide a recap of the second quarter and our perspective looking forward. Then, Ron will discuss our financial results for the second quarter and third quarter outlook. After which we will open up the call for Q&A.

The press release detailing our financial results, was distributed over the wire services shortly after 1:00 PM Pacific this afternoon and it’s also available on our website at www.nanometrics.com.

Today’s conference call contains certain forward-looking statements including, but not limited to financial performance and results including revenue, margins, profitability, and earnings per share, customer concentration, tax rates, and product adoption.

Although Nanometrics believes that the expectations reflected in the forward-looking statements are reasonable, actual results could differ materially from expectations due to a variety of factors including economic conditions, changes in levels of industry spending, the adoption and competitiveness of our products, shift and timing of orders or product shipments, changes in product mix, our ability to successfully identify, complete, and integrate acquisitions to realize operating efficiencies and to achieve reduced tax, and the additional risk factors and cautionary statements set forth in the company’s Form 10-K on file for fiscal year 2011 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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