Zygo Corporation announced unaudited consolidated earnings results for the third quarter and nine months ended March 31, 2013. For the quarter, the company's revenue was $34.5 million compared with $38.5 million in the comparable prior year quarter. Net income attributable to the company in the quarter was $1.4 million, or $0.07 per diluted share, compared with $5.4 million, or $0.29 per diluted share, recorded in the third quarter of fiscal 2012. Operating profit was $0.91 million compared with $6.7 million a year ago. Income before income tax, including non controlling interest was $0.64 million compared with $6.7 million a year ago. Similar to the previous quarter, although bookings were very healthy in the quarter and continued at a healthy rate into this quarter, push outs and timing of the shipments in backlog caused shipments and revenue in the quarter to be lower. Decreased revenue and the resulting volume effect on cost absorption in gross margin, together with some of its higher operating costs, primarily R&D and engineering, caused the operating margin decrease. Cash generated from operations for the quarter was $3.8 million. For the nine months, the company's revenue was $109.4 million, compared with $122.5 million in the comparable prior year period. Net income attributable to the company for the period was $5.3 million, or $0.28 per diluted share, compared with $18.1 million, or $0.97 per diluted share, recorded for the first nine months of fiscal 2012. Operating profit was $7.5 million compared with $22.3 million a year ago. Income before income tax, including non controlling interest was $7.1 million compared with $22.0 million a year ago. Adjusted net income attributable to the company was $4.4 million or $0.23 per diluted share compared with $18.1 million or $0.97 per diluted share a year ago. Significant items of cash used during the nine months were capex spending of $4.3 million, primarily to improve optics manufacturing and coating capabilities, purchase of the minority interest in its German joint venture for $3.2 million and payment of earned dividends to its joint venture partners of $1.7 million. Decreased revenue and gross margin and higher R&D and engineering costs were the main drivers of the decrease. Cash generated from operations was $5.4 million for the first nine months.

Zygo Corporation announced that it has received multiple orders for advanced metrology systems and optical components in support of 450 mm wafer systems development for OEM semiconductor equipment suppliers. These orders will begin to ship during the first part of fiscal 2014. The orders include advanced large aperture interferometer systems to support 450 mm wafer chuck and stage manufacturing by OEM suppliers, stage position sensing systems and OEM optical components for next generation semiconductor fabrication equipment.

Zygo Corporation announced that they will report Q3, 2013 results at 5:00 PM, Eastern Standard Time on May 09, 2013