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MKS Instruments Reports Full Year And Fourth Quarter 2012 Financial Results

ANDOVER, Mass., Jan. 30, 2013 (GLOBE NEWSWIRE) -- MKS Instruments, Inc. (Nasdaq:MKSI), a global provider of technologies that enable advanced processes and improve productivity, today reports full year and fourth quarter 2012 financial results.

Full Year 2012
  GAAP Results Non-GAAP Results
Net revenues ($ millions) $644 $644
Operating margin 11.5% 12.8%
Net income ($ millions) $48.0 $53.3
Diluted EPS $0.90 $1.00

Full Year Financial Results

Sales were $644 million, a decrease of 22% from $823 million in 2011. Net income was $48.0 million, or $0.90 per diluted share, compared to $129.7 million, or $2.45 per diluted share in 2011. Non-GAAP net earnings were $53.3 million, or $1.00 per diluted share, compared to $127.9 million, or $2.42 per diluted share in 2011.

Fourth Quarter Financial Results

Sales were $133.8 million, a decrease of 5% from $141.4 million in the third quarter of 2012, and a decrease of 22% from $171.7 million in the fourth quarter of 2011.

Fourth quarter net income was $4.1 million, or $0.08 per diluted share, compared to net income of $2.6 million, or $0.05 per diluted share in the third quarter of 2012, and $22.7 million, or $0.43 per diluted share in the fourth quarter of 2011.

Non-GAAP net earnings, which exclude special charges, were $5.1 million, or $0.10 per diluted share, compared to $8.4 million, or $0.16 per diluted share in the third quarter of 2012, and $20.4 million, or $0.38 per diluted share in the fourth quarter of 2011.

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