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ATMI Reports Record Revenues And Net Income For Third Quarter 2012

Webcast Information

A conference call (dial-in: 877.766.0748) discussing the Company's financial results and business outlook will begin at 11:00 a.m. Eastern time, October 24, 2012. A replay of the call will be available for 48 hours at 855.859.2056 (access code 41878233). An audio webcast of the conference call will be available for 30 days on http://investor.atmi.com .

About ATMI

ATMI, Inc. provides specialty semiconductor materials, and safe, high-purity materials handling and delivery solutions designed to increase process efficiencies for the worldwide semiconductor, flat panel, and life sciences industries. For more information, please visit http://www.atmi.com .

The ATMI, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=5254

ATMI, the ATMI logo, and SDS are trademarks or registered trademarks of Advanced Technology Materials, Inc., in the United States, other countries, or both.

Forward Looking Statements

Statements contained herein that relate to ATMI's future performance, including, without limitation, statements with respect to ATMI's anticipated results of operations or level of business for 2012 or any other future period, are forward-looking statements within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements are based on current expectations only and are subject to certain risks, uncertainties, and assumptions, including, but not limited to, changes in semiconductor and life sciences industry growth (including, without limitation, wafer starts) or ATMI's markets; competition, problems, or delays developing, commercializing, and delivering new products; customer-driven pricing pressure; potential loss of key customers; problems or delays in integrating acquired operations and businesses; uncertainty in the credit and financial markets; ability to protect ATMI's proprietary technology; and other factors described in ATMI's Form 10-K for the year ended December 31, 2011 and other subsequent filings with the Securities and Exchange Commission. Such risks and uncertainties may cause actual results to differ materially from those expressed in our forward-looking statements. ATMI undertakes no obligation to update any forward-looking statements.

ATMI, INC.
SUMMARY STATEMENTS OF INCOME
 (in thousands, except per share data)
     
  Three Months Ended September 30, Nine Months Ended September 30,
  2012 2011 2012 2011
  (Unaudited) (Unaudited) (Unaudited) (Unaudited)
Revenues $108,847 $95,006 $307,320 $299,757
Cost of revenues  54,404  50,955  155,221  158,153
Gross profit 54,443 44,051 152,099 141,604
Operating expenses:        
 Research and development 12,272 12,757 40,586 40,459
 Selling, general, and administrative     21,708   19,478     67,967   62,223
 Total operating expenses   33,980 32,235  108,553  102,682
         
Operating income 20,463 11,816 43,546 38,922
         
Other income (expense), net  547  (669)      414  (88)
         
Income before income taxes 21,010 11,147 43,960 38,834
         
Provision for income taxes   6,585  3,106   14,250  11,652
         
Net income  $14,425  $8,041 $29,710 $27,182
         
         
Earnings per diluted share  $0.44  $0.25 $0.91  $0.84
         
Weighted average shares  outstanding   32,609  32,318   32,659  32,332
 
ATMI, INC.
SUMMARY BALANCE SHEETS
(in thousands)
     
    September 30,  2012 (Unaudited)   December 31,  2011
Assets    
 Cash & marketable securities (1) $130,923 $110,155
 Accounts receivable, net 66,903 51,563
 Inventories, net 83,235 73,622
 Other current assets  30,452  35,848
 Total current assets 311,513 271,188
 Property, plant, and equipment, net 120,411 116,275
 Marketable securities, non-current (1) 8,332 3,329
 Other assets  122,256  122,894
 Total assets $562,512 $513,686
     
Liabilities and stockholders' equity    
 Accounts payable $ 25,603 $20,779
 Other current liabilities  33,230  24,177
 Total current liabilities 58,833 44,956
 Non-current liabilities 18,603 18,399
 Stockholders' equity  485,076  450,331
 Total liabilities & stockholders' equity $562,512 $513,686
     
(1) Total cash and marketable securities equaled $139.3 million and $113.5 million at September 30, 2012 and December 31, 2011, respectively.
 
ATMI, INC.
Segment Results
(in thousands)
(Unaudited)
   
  Revenues
  Three Months Ended Nine Months Ended
  September 30, September 30,
  2012 2011 2012  2011
         
Microelectronics $ 98,477  $ 85,795   $ 276,460   $ 270,270
LifeSciences   10,388    9,203    30,651    29,137
All Other  (18)    8    209     350
Total Consolidated $ 108,847  $ 95,006  $ 307,320  $ 299,757
         
         
         
  Operating income (loss)
  Three Months Ended Nine Months Ended
  September 30, September 30,
  2012  2011 2012  2011
         
Microelectronics $ 34,388 $ 24,324   $ 85,817   $ 76,864
LifeSciences   (2,137)   (2,223)   (5,367)    (4,549)
All Other   (11,788)    (10,285)    (36,904)    (33,393)
Total Consolidated $ 20,463  $ 11,816  $ 43,546  $ 38,922
                       
                       
CONTACT: Troy Dewar
         Director, Investor Relations
         203.207.9349
         tdewar@atmi.com

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