latest news releases from the newsroom
Newport Corporation Reports Fourth Quarter and Year-End Results
IRVINE, Calif., Jan. 29, 2002 (PRIMEZONE) -- Newport Corporation (Nasdaq:NEWP) today reported results for the fourth quarter and full year ended December 31, 2001 in line with its previous guidance. Newport posted breakeven earnings per share in the fourth quarter of 2001 on sales of $50.3 million. For the year ended December 31, 2001, Newport recorded $318.9 million in sales versus $284.0 million in 2000. Of 2001's full year sales, $205.7 million were recorded in the first half of 2001 and $113.2 million were recorded in the second half, reflecting the dramatic downturn in Newport's primary fiber optic and semiconductor equipment markets. Sales to the fiber optic communications market in 2001 were $102.4 million compared with $110.7 million in 2000. Full year 2001 sales to the semiconductor equipment market increased 25 percent to $90.7 million versus the $72.5 million recorded in 2000. Net sales in 2001 to the company's other end markets totaled $125.8 million, an increase of 25 percent from $100.8 million in 2000.
Integra LifeSciences Holdings Corp.
Integra LifeSciences Reports Preliminary Fourth Quarter 2001 Revenues -- Product Sales Increase 26%
PLAINSBORO, N.J., Jan. 29, 2002 (PRIMEZONE) -- Led by strong growth in product sales, Integra LifeSciences Holdings Corporation (Nasdaq:IART) today reported preliminary revenues for the fourth quarter and year ended December 31, 2001. The Company expects to report revenues of $25.1 million for the fourth quarter of 2001, a 24% increase over the $20.3 million reported in the fourth quarter of 2000. Revenue growth is expected to be led by a $5.0 million increase in product sales to $23.7 million, a 26% increase over the fourth quarter of 2000. Included in this increase is $0.9 million in sales of acquired product lines. For the full year 2001, revenues are expected to have increased $21.8 million to $93.4 million, a 30% increase over 2000. Product sales for 2001 are estimated to have increased $22.7 million to $87.7 million, a 35% increase over 2000. Included in this increase is $1.9 million in sales of acquired product lines.
Metso to Supply an Online LWC Paper Line to Kruger, Canada
HELSINKI, Jan. 29, 2002 (PRIMEZONE) -- Metso Paper (NYSE:MX) supplies Kruger Wayagamack, Inc. of Quebec, Canada, with a large On-Line LWC papermaking line. The start up of the line at the Trois-Rivieres mill will be in late 2003 and its production is targeted at the domestic market. Total value of the project including the mill upgrade is approximately EUR 300 million.