ASM INTERNATIONAL REPORTS THIRD QUARTER 2008 OPERATING RESULTS
BILTHOVEN, THE NETHERLANDS, October 29, 2008 - ASM International N.V. (NASDAQ: ASMI and Euronext Amsterdam: ASM) reports today its third quarter 2008 operating results in accordance with US GAAP.
Net sales of the third quarter of 2008 were EUR 190.0 million, down 9% from the second quarter of 2008 and down 25% from the third quarter of 2007.
Net earnings of the third quarter of 2008 were EUR 2.4 million, or EUR 0.05 diluted net earnings per share, as compared to net earnings of EUR 9.6 million, or EUR 0.18 diluted net earnings per share for the second quarter of 2008 and net earnings of EUR 15.8 million, or EUR 0.28 diluted net earnings per share for the third quarter of 2007.
Bookings in the third quarter of 2008 were EUR 176.2 million, down 9% from the second quarter of 2008. Bookings from our Front-end segment were up 3% and bookings from our Back-end segment were down 15%. Quarter-end backlog was EUR 160.8 million, down 8% from the end of the previous quarter.
Both our Front-end and Back-end segments achieved positive cash flows from operations in the third quarter of 2008, and in the nine months ended September 30, 2008.
ASMI completes sale of its interest in NanoPhotonics.
Update on contacts with Applied Materials and Francisco Partners.
Naud van der Ven + 31 30 229 85 40
Mary Jo Dieckhaus + 1 212 986 29 00
Erik Kamerbeek + 31 30 229 85 00
2008 Q3 Press Release