First quarter results for ferrofluidics

• Publisher: Elsevier Science
• Year: 1998
• Tongue: English
• Weight: 474 KB
• Volume: 1998
• Category: Article
• ISSN: 1350-4789
• DOI: 10.1016/s1350-4789(98)90212-4

✦ Synopsis

The company stated that revenues and earnings from continuing operations, which include its core magnetic fluids and ferrofluidic sealing products, were down as a result of market conditions in the semiconductor equipment market.

However, despite the downturn, revenues from the company's distributed products line increased significantly, and worldwide revenues from the fluids product line were approximately the same as the previous year.

With the continued weakness in the global semiconductor industry, significant revenue gains over the current year are unlikely. Thus, the company are introducing measures to further reduce its costs in line with revenue expectations.