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| 8-K - FORM 8-K - NOVANTA INC | d8k.htm |
Exhibit 99.1
GSI GROUP INC.
Sales and Gross Profit by Reportable Segment
(UNAUDITED)
The following table sets forth the external sales, gross profit and gross profit percentage for each of the updated reportable segments for the periods noted (dollars in thousands):
| Q1 | Q4 | Q3 | Q2 | Q1 | ||||||||||||||||
| Three Months Ended | ||||||||||||||||||||
| April 1, 2011 |
December 31, 2010 |
October 1, 2010 |
July 2, 2010 |
April 2, 2010 |
||||||||||||||||
| Sales: |
||||||||||||||||||||
| Laser Products |
$ | 30,696 | $ | 32,972 | $ | 29,093 | $ | 30,850 | $ | 28,444 | ||||||||||
| Precision Motion and Technologies |
50,628 | 47,285 | 50,505 | 43,583 | 39,500 | |||||||||||||||
| Semiconductor Systems |
10,534 | 11,362 | 11,947 | 11,304 | 46,671 | |||||||||||||||
| Total |
$ | 91,858 | $ | 91,619 | $ | 91,545 | $ | 85,737 | $ | 114,615 | ||||||||||
| Gross profit: |
||||||||||||||||||||
| Laser Products |
$ | 10,795 | $ | 12,631 | $ | 11,744 | $ | 11,423 | $ | 10,936 | ||||||||||
| Precision Motion and Technologies |
23,947 | 21,385 | 23,726 | 22,649 | 20,592 | |||||||||||||||
| Semiconductor Systems |
5,152 | 4,347 | 5,474 | 3,984 | 17,510 | |||||||||||||||
| Total |
$ | 39,894 | $ | 38,363 | $ | 40,944 | $ | 38,056 | $ | 49,038 | ||||||||||
| Gross profit percentages: |
||||||||||||||||||||
| Laser Products |
35.2 | % | 38.3 | % | 40.4 | % | 37.0 | % | 38.4 | % | ||||||||||
| Precision Motion and Technologies |
47.3 | % | 45.2 | % | 47.0 | % | 52.0 | % | 52.1 | % | ||||||||||
| Semiconductor Systems |
48.9 | % | 38.3 | % | 45.8 | % | 35.2 | % | 37.5 | % | ||||||||||
| Total |
43.4 | % | 41.9 | % | 44.7 | % | 44.4 | % | 42.8 | % | ||||||||||
| Q4 | Q3 | Q2 | Q1 | |||||||||||||
| Three Months Ended | ||||||||||||||||
| December 31, 2009 |
October 2, 2009 |
July 3, 2009 |
April 3, 2009 |
|||||||||||||
| Sales: |
||||||||||||||||
| Laser Products |
$ | 25,719 | $ | 23,921 | $ | 21,656 | $ | 23,270 | ||||||||
| Precision Motion and Technologies |
33,838 | 26,018 | 23,492 | 26,804 | ||||||||||||
| Semiconductor Systems |
12,952 | 5,128 | 17,756 | 13,834 | ||||||||||||
| Total |
$ | 72,509 | $ | 55,067 | $ | 62,904 | $ | 63,908 | ||||||||
| Gross profit: |
||||||||||||||||
| Laser Products |
$ | 10,243 | $ | 8,997 | $ | 7,336 | $ | 8,035 | ||||||||
| Precision Motion and Technologies |
14,950 | 12,159 | 9,479 | 11,199 | ||||||||||||
| Semiconductor Systems |
3,002 | 1,143 | 7,638 | 4,365 | ||||||||||||
| Total |
$ | 28,195 | $ | 22,299 | $ | 24,453 | $ | 23,599 | ||||||||
| Gross profit percentages: |
||||||||||||||||
| Laser Products |
39.8 | % | 37.6 | % | 33.9 | % | 34.5 | % | ||||||||
| Precision Motion and Technologies |
44.2 | % | 46.7 | % | 40.3 | % | 41.8 | % | ||||||||
| Semiconductor Systems |
23.2 | % | 22.3 | % | 43.0 | % | 31.6 | % | ||||||||
| Total |
38.9 | % | 40.5 | % | 38.9 | % | 36.9 | % | ||||||||
Description of Updated Reportable Segments
The Company’s updated reportable segments shown above and their principal activities consist of the following:
Laser Products
The Laser Products segment designs, manufactures, and markets photonics-based solutions, consisting of lasers and laser-based systems, to customers worldwide. The Laser Products segment provides the industrial, scientific, medical, packaging, aerospace and homeland security markets with applications that include cutting, welding, drilling, micro-machining, scientific research, remote sensing, surface marking, and deep engraving of metal and plastic parts. Many of the products are customized for the customer. The Laser Products segment sells these products both directly utilizing a highly technical sales force and indirectly through resellers and distributors.
Precision Motion and Technologies
The Precision Motion and Technologies segment designs, manufactures and markets air bearing spindles, encoders, precision motion devices, thermal printers, and light and color measurement systems to customers worldwide. The majority of these products are based on the segment’s core competencies in precision motion and motion control technologies. The vast majority of the segment’s product offerings are sold to original equipment manufacturers (“OEM’s”). These products are used in the electronics, aerospace, materials processing, data storage, imaging and other light industrial markets. The Precision Motion and Technologies segment sells these products both directly utilizing a highly technical sales force and indirectly through resellers and distributors.
Semiconductor Systems
The Semiconductor Systems segment designs, develops and sells production systems that process semiconductor wafers using laser beams and high precision technology. The systems manufactured by the Company’s Semiconductor Systems segment are sold to integrated device manufacturers and wafer processors. The Semiconductor Systems segment’s systems perform laser-based processing on all of the following types of semiconductors: general wafers used for logic or memory purposes, dynamic random access memory (DRAM, “Not And” or NAND) chips and high performance analog chips.