Veeco earnings brisk performance planning to expand MOCVD machine capacity

Veeco LED and Solar equipment manufacturers announced in 2009 fourth quarter earnings performance in February 2010, compared with the previous quarter, with dazzling results, the quarter revenue of $146 million, if compared with the third quarter of 2009, growth of 48%; the gross profit margin, the company's fourth quarter of 45%, 3.6 percentage points higher than the third quarter of 2009. Over the same period in 2008, up 5.5 percentage points; EBITA Margin from the first half of 2009, the fourth quarter of 17.2% negative to positive.

Veeco 2009 fourth quarter earnings brisk performance, because the main LED & Solar equipment sector showed a significant growth, if at the segment revenue contribution, the quarter LED & Solar equipment sector accounted for the highest proportion, 67%, $98 million 100 thousand, of which, only MOCVD equipment revenues are higher than the 2009 third quarter about 1 times; in order the amount of (bookings), the fourth quarter of 2009 by LED & Solar equipment sector accounted for the highest proportion, up to 68%, the amount of $178 million.

If only the observation of Veeco LED & Solar equipment sector operating performance, the fourth quarter of 2009 compared with the third quarter revenue growth of 85%, higher than the company's revenue growth rate (48%), and for the same period in 2008 of 2.6 times; business interests of the sector in the first half of the 2009 is still showing a loss, but to the fourth quarter of 2009 was $25 million 400 thousand. About 3 times in the third quarter of 2009, and the business interest rate significantly increased to 25.9%.

Veeco announced in the fourth quarter of 2009 earnings, the company also made the financial forecast for the first quarter of 2010, its estimated revenues of $~1.65 billion, compared with the fourth quarter of 2009 grew by 3~13%.

The Veeco optimistic about the first quarter of 2010 earnings, mainly including LCD display LED backlight penetration will be greatly improved, LED lighting market potential, the company orders increased, and by the end of 2009, the backlog of orders amounted to $402 million.

Since the 2010 Veeco global MOCVD machine demand will reach more than 400~500 units, so the plan to expand the production capacity of MOCVD units in the first quarter of 2010 will reach 45 units, the target of the second quarter of 70, to the end of 2010 to upgrade to taiwan.

Due to the Veeco key customers in South Korea, mainland and Taiwan, the company expects the 2010 market share in Asia is expected to reach 50%.