REHOVOT, Israel, January 9, 2012 /PRNewswire/ --
Nova Measuring Instruments Ltd. (Nasdaq: NVMI), provider of
leading edge stand alone metrology and the market leader of
integrated metrology solutions to the semiconductor process control
market, is reaffirming its fourth quarter and full year 2011
financial guidance. As mentioned in the company's results press
release for the third quarter published November 1, 2011, Nova expects revenues of
$16-$19 million with net
profitability of 1%-8% for the fourth quarter of 2011, which
implies record annual revenues of $100-$103
million and record annual net income of $23-$25 million for the full year of 2011. In
addition to reaffirming 2011 guidance, Gabi
Seligsohn, President and CEO, will discuss the business
outlook, and describe the company's strategy for preparing for the
next major industry upturn when addressing the 14th Annual Needham
Growth Conference on January 10,
2012.
The presentation will cover:
- Indications of gradual improvement in demand
- Reasons for management's continued conviction that the
transition to next generation design rules must continue despite
macro-related caution
- Longer-term business strategy and new growth engines
- Aggressive product innovation program, coupled with
infrastructure enhancements and focus on service and support to
enhance customer partnerships
An audio webcast of the conference presentation will be
available on the company's website.
Nova plans to announce fourth quarter and full year results and
give financial guidance for the first quarter of 2012 before the
market opens on Wednesday, February 15,
2012. In conjunction with this release, Nova will host a
conference call later that same day at 9:30
a.m. Eastern Time.
The call will also be webcast together with an online
presentation, which will be accessible from a link at Nova's
website at http://www.nova.co.il
To participate, please call one of the following
teleconferencing numbers. Please begin by placing your calls 5
minutes before the conference call commences. If you are unable to
connect using the toll-free numbers, please try the international
dial-in number.
U.S. Dial-in Numbers:
1-877-249-9037
ISRAEL Dial-in Number: 03-721-9510
INTERNATIONAL Dial-in Numbers:
+972-3-721-9510 / +1-646-254-3364
At:
9:30 a.m.
Eastern Time
6:30 a.m.
Pacific Time
4:30
p.m. Israeli Time
For those unable to participate in the conference call, there
will be a replay available the day following the call on Nova's
website at http://www.nova.co.il.
About Nova: Nova Measuring Instruments Ltd.
develops, produces and markets advanced integrated and stand alone
metrology solutions for the semiconductor manufacturing industry.
Nova is traded on the NASDAQ & TASE under the symbol NVMI. The
Company's website is http://www.nova.co.il.
This press release contains
forward-looking statements within the meaning of safe harbor
provisions of the Private Securities Litigation Reform Act of 1995
relating to future events or our future performance, such as
statements regarding trends, demand for our products, expected
deliveries, transaction, expected revenues, operating results,
earnings and profitability. Forward-looking statements involve
known and unknown risks, uncertainties and other factors that may
cause our actual results, levels of activity, performance or
achievements to be materially different from any future results,
levels of activity, performance or achievements expressed or
implied in those forward looking statements. These risks and other
factors include but are not limited to: our dependency on two
product lines; the highly cyclical nature of the markets we target;
our inability to reduce spending during a slowdown in the
semiconductor industry; our ability to respond effectively on a
timely basis to rapid technological changes; our dependency on OEM
suppliers; our ability to retain our competitive position despite
the ongoing consolidation in our industry; risks associated with
our dependence on a single manufacturing facility; our ability to
expand our manufacturing capacity or marketing efforts to support
our future growth; our dependency on a small number of large
customers and small number of suppliers; our dependency on our key
employees; risks related to changes in our order backlog; risks
related to the financial, political and environmental instabilities
that may affect our sales in Asia;
risks related to our intellectual property; changes in customer
demands for our products; new product offerings from our
competitors; changes in or an inability to execute our business
strategy; unanticipated manufacturing or supply problems; changes
in tax requirements; changes in customer demand for our products;
risks related to currency fluctuations; and risks related to our
operations in Israel. We cannot
guarantee future results, levels of activity, performance or
achievements. The matters discussed in this press release also
involve risks and uncertainties summarized under the heading "Risk
Factors" in Nova's Annual Report on Form 20-F for the year ended
December 31,2010 filed with the
Securities and Exchange Commission on March
30, 2011. These factors are updated from time to time
through the filing of reports and registration statements with the
Securities and Exchange Commission. Nova Measuring Instruments Ltd.
does not assume any obligation to update the forward-looking
information contained in this press release.
Company Contact:
Dror David, Chief Financial Officer
Nova Measuring Instruments Ltd.
Tel: +972-8-938-7505
E-mail: info@nova.co.il
http://www.nova.co.il
Investor Relations Contacts:
Ehud Helft / Kenny Green
CCG Investor Relations
Tel:
+1-646-201-9246
E-mail: nova@ccgisrael.com
SOURCE Nova Measuring Instruments Ltd