Newport's CEO Discusses Q1 2012 Results - Earnings Call Transcript

Newport (NEWP)

Q1 2012 Earnings Call

May 02, 2012 5:00 pm ET

Executives

Robert J. Phillippy - Chief Executive Officer, President and Director

Charles F. Cargile - Chief Financial Officer, Senior Vice President and Treasurer

Analysts

James Ricchiuti - Needham & Company, LLC, Research Division

Lawrence Solow - CJS Securities, Inc.

Christian Seiferth

D. Mark Douglass - Longbow Research LLC

Mark S. Miller - Noble Financial Group, Inc., Research Division

Dave Kang - B. Riley & Co., LLC, Research Division

Alfred Victor Tobia - Sidus Investment Management, LLC

Presentation

Operator

Good day, everyone, and welcome to the Newport Corporation First Quarter 2012 Financial Results Conference Call. Today's call is being recorded. At this time for opening remarks and introduction, I would like to turn the call over to Chief Executive Officer, Mr. Robert Phillippy. Please go ahead, sir.

Robert J. Phillippy

Well, good afternoon, and welcome to Newport's first quarter 2012 conference call. With me is our Chief Financial Officer, Chuck Cargile.

Before we get started, I'd like to remind you that during the course of this conference call, we will be making a number of forward-looking statements that are based on our current expectations and involve various risks and uncertainties that are discussed in our periodic SEC filings.

Although we believe that the assumptions underlying these statements are reasonable, any event could prove inaccurate and there can be no assurance that the results will be realized.

The first quarter of 2012 represented another solid financial performance by the Newport team. The incremental sales and orders contributed by our acquisitions of Ophir, High Q and ILX enabled us to achieve significant year-over-year growth in Q1 and has set the stage for strong growth for the year.

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