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Press Release
Supplemental Historical Pro Forma Information
| ASYST TECHNOLOGIES, INC. |
| CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS |
| (Unaudited; in thousands, except per share data) |
| Q4 Fiscal Year '03 |
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Three Months |
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Ended |
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March 31, |
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Pro Forma |
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Pro Forma |
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2003 |
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Adjustments |
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Results |
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| Net sales |
$ |
59,687 |
|
$ |
- |
|
$ |
59,687 |
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| Cost of sales |
|
48,488 |
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(4,540) |
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|
43,948 |
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| Gross profit |
|
11,199 |
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|
4,540 |
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15,739 |
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| Operating expenses: |
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| Research and development |
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8,549 |
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(70) |
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8,479 |
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| Selling, general and administrative |
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19,828 |
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(876) |
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18,952 |
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| Amortization of acquired intangible assets |
|
4,778 |
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(4,778) |
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- |
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Total operating expenses |
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33,154 |
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(5,724) |
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27,431 |
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| Operating income (loss) |
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(21,956) |
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(11,692) |
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| Gain on sale of WARC, net of tax |
|
28,420 |
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(28,420) |
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- |
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| Other income (expense), net |
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(1,690) |
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- |
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(1,690) |
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| Income (loss) before provision (benefit) for income taxes |
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4,774 |
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(13,382) |
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| Provision (benefit) for income taxes |
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(1,293) |
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1,592 |
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|
299 |
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| Minority interest |
|
161 |
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|
1,078 |
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1,239 |
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| Net income (loss) continuing operations |
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5,906 |
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(14,920) |
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| Discontinued operations, net of income tax |
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(7,725) |
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7,725 |
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- |
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| Net Income (loss) |
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(1,819) |
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(14,920) |
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| Basic earnings (loss) per share: |
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| Continuing operations |
$ |
0.16 |
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$ |
(0.39) |
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| Discontinued operations |
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(0.21) |
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- |
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| Basic net income (loss) per share |
$ |
(0.05) |
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$ |
(0.39) |
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| Diluted earnings (loss) per share: |
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| Continuing operations |
$ |
0.15 |
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$ |
(0.37) |
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| Discontinued operations |
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(0.19) |
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- |
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| Diluted earnings (loss) per share |
$ |
(0.04) |
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$ |
(0.37) |
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| Shares used in the per share calculation: |
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| Basic |
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38,005 |
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38,005 |
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| Diluted |
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40,586 |
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40,586 |
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| ASYST TECHNOLOGIES, INC. |
| PRO FORMA CONDENSED CONSOLIDATED
STATEMENTS OF OPERATIONS |
| (Unaudited; in thousands, except
per share data) |
| Q1 Fiscal Year '04 |
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Three Months Ended |
|
Pro Forma |
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Pro Forma |
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June 30, 2003 |
|
Adjustments |
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Results |
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| Net sales |
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$ |
45,268 |
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$ |
- |
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$ |
45,268 |
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| Cost of sales |
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40,824 |
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(4,795) |
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(1, 2) |
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36,029 |
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| Gross profit |
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4,444 |
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9,239 |
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| Operating expenses: |
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Research and development |
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9,624 |
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(115) |
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(2) |
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9,509 |
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Selling, general and administrative |
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17,605 |
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(283) |
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(2) |
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17,322 |
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Amortization of acquired intangible
assets |
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4,785 |
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(4,785) |
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(3) |
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- |
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Restructuring charges |
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4,363 |
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(4,363) |
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(4) |
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- |
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Asset impairment charges |
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6,853 |
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(6,853) |
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(5) |
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- |
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Total operating expenses |
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43,230 |
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(16,399) |
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26,831 |
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| Operating loss |
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(38,786) |
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21,194 |
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(17,592) |
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| Other income (expense), net |
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(925) |
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(925) |
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| Loss before benefit from income
taxes |
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(39,711) |
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21,194 |
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(18,517) |
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| Provision (benefit) for income taxes |
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(1,380) |
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1,592 |
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(3) |
|
212 |
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| Minority interest |
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(955) |
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1,078 |
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(3) |
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123 |
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| Net loss |
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$ |
(37,376) |
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$ |
(18,852) |
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| Basic net loss per share |
$ |
(0.97) |
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$ |
(0.49) |
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| Diluted net loss per share |
$ |
(0.97) |
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$ |
(0.49) |
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| Shares used in the per share calculation: |
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Basic |
|
38,475 |
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|
38,475 |
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Diluted |
|
38,475 |
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38,475 |
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(1) Includes one-time transition costs related to outsourcing, including
$1.6 million for repurchase and reserve of inventory. |
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| (2) Stock compensation charges
primarily related to options assumed and restricted shares
granted in connection with acquisitions. |
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| (3) Amortization of intangible
assets related to acquisitions, primarily Asyst Shinko, and
offsetting tax benefit and minority interest. |
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| (4) Restructuring charges include
primarily severance charges and excess facility charges for
vacated buildings. |
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| (5) Impairment charges related to
land held for sale. |
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