Cabot Microelectronics Corporation reported unaudited consolidated earnings results for the second quarter and six months ended March 31, 2013. For the quarter, the company reported revenue of $100,364,000 compared to $99,236,000 a year ago. This reflects an increase of 1.1% compared to the same quarter last year despite continued softness in demand within the semiconductor industry and traditional seasonal weakness typically experienced by the company during its second fiscal quarter. Operating income was $13,939,000 compared to $9,112,000 a year ago. Income before income taxes was $13,530,000 compared to $8,855,000 a year ago. Net income was $9,420,000 compared to $5,530,000 a year ago. Compared to the same quarter last year, net income was higher primarily due to a higher gross profit margin and lower operating expenses, due to the absence of certain adverse items recorded during the prior year quarter. Diluted earnings per share were $0.40, compared to $0.23 in the same quarter last year which included the impact of approximately $0.12 due to certain adverse items recorded during the prior year quarter. Capital investments for the quarter were $2.5 million. For the six months, the company reported revenue of $206,897,000 compared to $201,358,000 a year ago. Operating income was $30,599,000 compared to $24,399,000 a year ago. Income before income taxes was $30,091,000 compared to $24,207,000 a year ago. Net income was $19,123,000 or $0.81 per diluted share compared to $15,945,000 or $0.68 per diluted share a year ago. The company now expects its capital spending for the full year to be about $20 million, which is lower than its previous estimate of between $20 million and $25 million.

Cabot Microelectronics Corp. announced that they will report Q2, 2013 results at 9:00 AM, Eastern Standard Time on Apr 25, 2013

Annual Meeting of Stockholders