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ATMI Reports Fourth Quarter 2012 Results

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, February 6, 2013. A replay of the call will be available for 48 hours at 855.859.2056 (access code 93634152). 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 2013 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 Twelve Months Ended
  December 31, December 31,
  2012 2011 2012 2011
  (Unaudited) (Unaudited) (Unaudited)  
Revenues $100,113 $90,330 $407,433 $390,087
Cost of revenues 51,322 47,804 206,543 205,957
Gross profit 48,791 42,526 200,890 184,130
Operating expenses:        
Research and development 14,566 13,249 55,152 53,708
Selling, general, and administrative 18,696 21,323 86,663 83,546
Contract termination -- 84,590 -- 84,590
Total operating expenses 33,262 119,162 141,815 221,844
         
Operating income (loss) 15,529 (76,636) 59,075 (37,714)
         
Other income (expense), net 637 (1,332) 1,051 (1,420)
         
Income (loss) before income taxes 16,166 (77,968) 60,126 (39,134)
         
Income tax provision (benefit) 3,546 (30,767) 17,796 (19,115)
         
Net income (loss) $12,620 ($47,201) $42,330 ($20,019)
         
         
Earnings (loss) per diluted share $0.39 ($1.49) $1.30 ($0.63)
         
Weighted average shares        
Outstanding - diluted 32,679 31,709 32,664 31,703
 
 
ATMI, INC.
SUMMARY BALANCE SHEETS
(in thousands)
 
    December 31,  2012 (Unaudited)   December 31,  2011
Assets    
Cash & marketable securities (1) $156,447 $110,155
Accounts receivable, net 60,806 51,563
Inventories, net 87,555 73,622
Other current assets  25,736  35,848
Total current assets 330,544 271,188
Property, plant, and equipment, net 125,099 116,275
Marketable securities, non-current (1) 12,073 3,329
Other assets  131,437  122,894
Total assets $599,153 $513,686
     
Liabilities and stockholders' equity    
Accounts payable $38,573 $20,779
Other current liabilities  36,329  24,177
Total current liabilities 74,902 44,956
Non-current liabilities 16,975 18,399
Stockholders' equity  507,276  450,331
Total liabilities & stockholders' equity $599,153 $513,686
     
(1) Total cash and marketable securities equaled $168.5 million and $113.5 million at December 31, 2012 and December 31, 2011, respectively.
 
 
ATMI, INC.
Segment Results
(in thousands)
(Unaudited)
 
  Revenue
  Three Months Ended Twelve Months Ended
  December 31, December 31,
  2012 2011 2012 2011
         
Microelectronics  $ 89,055  $ 81,147  $ 365,515  $ 351,417
LifeSciences  10,933  9,127  41,584  38,264
All Other  125  56  334  406
Total Consolidated  $ 100,113  $ 90,330  $ 407,433  $ 390,087
         
         
         
  Operating income (loss)
  Three Months Ended Twelve Months Ended
  December 31, December 31,
  2012 2011 2012 2011
         
Microelectronics  $ 23,442  $  (63,785)  $ 109,259  $ 13,079
LifeSciences  1,301  (1,405)  (4,066)  (5,954)
All Other  (9,214)  (11,446)  (46,118)  (44,839)
Total Consolidated  $ 15,529  $ (76,636)  $ 59,075  $  (37,714)
CONTACT: Troy Dewar
         Director, Investor Relations
         203.207.9349
         tdewar@atmi.com

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