ATMI Inc. posted flat second-quarter sales and profits as grappled to stay ahead of the global slump among silicon-wafer makers who rely on the Danbury firm’s semiconductor technology.
For three months ended June 30, ATMI said Wednesday it netted $11.4 million, or 35 cents a fully diluted share, barely above the $11.1 million, or 34 cents a share, netted the same quarter a year ago.
Second-quarter revenues were $105.9 million vs. $104 million last year.
In particular, ATMI said its full takeover last November of global distribution of its propriertary technology for safely storing and handling gases for microchip production add $5.8 million to second-quarter revenue and $2.5 million, or 8 cents a share, to net income.
CEO Doug Neugold said there are positives on ATMI’s horizon.
“… We continue to see momentum at the leading edge, notably in areas supporting smartphone and tablet demand,” Neugold said. “In addition to this, we achieved significant LifeSciences growth as our customers continued to migrate towards single-use technology, driving demand for our consumable mixers and bioreactors.”
