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Intevac (IVAC) - Get Intevac, Inc. Report was humming late Monday following a strong third-quarter earnings report.

The Santa Clara, Calif., disk sputterer made $9 million, or 41 cents a share, for the quarter ended Sept. 30, up from the year-ago $6.2 million, or 29 cents a share. Revenue rose to $54.8 million from $43.5 million a year earlier.

Analysts surveyed by Thomson Financial were looking for a 13-cent profit on sales of $45.2 million.

Equipment gross margins for the quarter rose to 42.5% from 32% a year ago, and imaging gross margins increased to 41.1% from 13.8%. Equipment margins improved primarily from lower manufacturing costs, higher average selling prices for 200 Lean systems, and higher sales of spares and upgrades. Imaging margins improved primarily as the result of favorable adjustments related to closing prior year government rate audits and a higher percentage of revenue being derived from fully funded development contracts. Consolidated gross margins improved to 42.5% from 31.2% last year.

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Order backlog totaled $129.7 million on Sept. 30, compared with $96.2 million on July 1 and $65.4 million on Oct. 1, 2005.

Shares were halted late Monday.