CoorsTek First Quarter Revenue Grows 21 Percent to $145.7 Million

Apr 25, 2001, 01:00 ET from CoorsTek, Inc.

    GOLDEN, Colo., April 25 /PRNewswire/ -- CoorsTek, Inc. (Nasdaq:   CRTK), a
 leading designer and manufacturer of critical components and integrated
 assemblies for the semiconductor capital equipment industry and other high
 tech applications, reported first quarter 2001 revenue of $145.7 million, 20.6
 percent greater than the prior year's first quarter.  Net income increased 50
 percent to $7.8 million, or 73 cents per diluted share, from $5.2 million, or
 72 cents per diluted share, during this same period.  Weighted average shares
 outstanding increased to 10.7 million diluted shares at March 31, 2001 from
 7.2 million diluted shares a year ago owing to the follow-on offering of new
 common shares completed in the third quarter of 2000.
     "CoorsTek's excellent first quarter performance tracked our expectations
 and illustrates the strength of our strategic positioning in our key
 markets -- semiconductor capital equipment and advanced materials," said John
 K. Coors, CoorsTek Chairman, President, and Chief Executive Officer.  "We
 gained market share with existing and new semiconductor OEM customers, which
 offset the overall softness in this industry, and our advanced materials
 segment posted solid results.  Additionally, integrated assembly continues to
 be a strategic opportunity for us, especially with respect to new technology
 and 300-millimeter tools."
     CoorsTek's semiconductor segment revenue increased 45 percent to $77.5
 million in the first quarter of 2001 from the prior year's first quarter while
 the gross margin decreased to 22.4 percent from 25.5 percent.  A continuing
 strategic shift in product mix caused this dilution.  During the first quarter
 of 2001, integrated assembly revenue grew significantly to $25.0 million from
 $9.7 million a year ago.  Although assembly services have a lower gross margin
 than component manufacturing, they have substantially less invested capital
 requirements and allow the Company to manage the supply chain for assembling
 these complex systems.  CoorsTek's advanced materials segment revenue for the
 first quarter of 2001 equaled $68.2 million, a 1.5 percent increase over the
 prior year's first quarter, while the gross margin increased 3.1 percent to
 23.5 percent following cost efficiency measures taken during 2000.  On a
 consolidated basis, CoorsTek's first quarter 2001 gross margin of 22.9 percent
 remained consistent with the prior year period.
     Research and development expense (R&D) of $3.0 million for the 2001 first
 quarter is included in selling, general, and administrative expenses (SG&A).
 During the first quarter of 2001, CoorsTek began capturing these costs, which
 had previously been included in cost of goods sold (COGS) and SG&A.  SG&A as a
 percentage of sales increased to 13 percent from 12 percent in the first
 quarter of 2001 compared with the first quarter of 2000.  Operating income
 increased 11.8 percent to $14.5 million in the first quarter of 2001 versus
 the 2000 first quarter and interest expense fell $2.5 million to $2.3 million
 as a result of the repayment of debt during the third quarter of 2000.
     CoorsTek's total debt to capitalization equaled 34.7 percent at March 31,
 2001 compared with 32 percent at year-end 2000.  Capital expenditures of $14.3
 million for the first quarter of 2001 primarily funded capacity and capability
 expansion in targeted markets including telecommunications, optoelectronics,
 and semiconductor as well as the purchase of enterprise resource planning
 (ERP) software.  Capital expenditures totaled $6.9 million in the first
 quarter of 2000.
 
     First Quarter Events
 
     -- Effective supply chain management is integral to CoorsTek's assembly
        service capabilities.  To enhance these skills, the Company acquired
        ERP software.  Implementation will create a foundation for gathering
        information to facilitate greater resource management efficiencies.
 
     -- CoorsTek and a leading manufacturer of advanced lithography equipment
        signed a licensing agreement for co-developed technology for
        200-millimeter and 300-millimeter lithography systems.  CoorsTek is
        manufacturing the ceramic and metal components and subassemblies for
        the new generation systems using this technology.  This licensing and
        manufacturing agreement broadens the Company's technological
        capabilities and deepens its penetration with a key company in the
        semiconductor equipment industry.
 
     -- CoorsTek acquired HP Plastics, a Texas-based manufacturer of high
        performance injection molded plastics used primarily in the
        semiconductor equipment market.  This purchase augments CoorsTek's
        materials expertise and provides yet another manufacturing solution to
        offer its customers.
 
     -- In response to the current softness in many of the markets CoorsTek
        serves, the Company has initiated cost reduction actions on a plant
        specific basis.  Such actions include mandatory time off, restricted
        overtime, and a hiring freeze.  Additionally, the Company reduced its
        total workforce by 13 percent during the quarter.  These proactive
        measures were taken and the associated costs incurred during the first
        quarter.  The Company will continue to evaluate its cost structure
        relative to market conditions.
 
     Second Quarter Outlook
     The following information provides guidance for the Company's projected
 results for the first six months of 2001.  CoorsTek expects:
 
     -- Total revenue between $240 million and $260 million.
     -- Advanced materials segment revenue of approximately $135 to $140
        million.
     -- Semiconductor segment revenue between $105 million and $120 million.
     -- Gross profit margin of approximately 21 percent.
     -- SG&A of approximately $35 million, which includes R&D of $5 million.
        The Company will continue to invest in activities such as R&D and
        capability enhancements to ensure its long-term strategic advantage.
 
     Mr. Coors concluded, "As our guidance reflects, we expect the
 semiconductor sector to weaken further during the second quarter while our
 presence in the advanced materials markets will continue to act as a strategic
 buffer.  We have prepared for the semiconductor industry's cyclicality, both
 in terms of reducing our cost structure and positioning CoorsTek as the
 supplier of choice.  We believe that because of these strategic initiatives we
 will emerge from the downturn as one of the industry's strongest outsourcing
 partners."
 
     CoorsTek designs and manufactures components, integrated assemblies, and
 automated systems for the semiconductor capital equipment market and other
 high technology applications.  Using technical ceramics, precision-machined
 metals, and high performance plastics, the Company's engineered solutions
 enable its customers' products to overcome technological barriers and improve
 performance.  For additional information on CoorsTek, visit the Company's
 website:  www.coorstek.com.
 
     The CoorsTek conference call is scheduled for today at 4:30 EDT and can be
 accessed by dialing 800-240-2134, or if in the New York area, 212-699-6810.
 The Company intends to make available a telephone replay through the close of
 business Friday, April 27, 2001 (303-590-3000 or 800-405-2236, passcode
 321183) and an Internet replay through the close of business Wednesday, May 2,
 2001 (access via the CoorsTek website on the Investor Relations main page).
 Subsequent earnings release conference call dates will be posted on the
 Company website within one week of the close of each quarter.
 
     Certain statements in this press release constitute "forward looking
 statements" within the meaning of Section 27A of the Securities Act of 1933
 and Section 21E of the Securities Exchange Act of 1934.  These forward looking
 statements involve known or unknown risks, uncertainties, and other factors
 that may cause the actual results, performance, or achievements of CoorsTek to
 be materially different from any future results, performance, or achievements
 expressed or implied by the forward looking statements.  Specifically,
 CoorsTek's ability to grow or sustain current revenue and earnings in the
 semiconductor and advanced materials segments or achieve revenue, margin, and
 expense targets may be affected by costs of raw materials, labor, and power,
 costs associated with capital expenditures or acquisitions, changes in
 interest or currency exchange rates, environmental and other regulatory
 compliance expenses, other unforeseen expenses, competitive activity, the
 cyclicality of the semiconductor market, customers' outsourcing needs and
 product orders, the level and timing of commercialization of 300-millimeter
 machined designs, customer acceptance of 300-millimter equipment, the demand
 for integrated assemblies, the demand for advanced materials in market sectors
 such as fiber optic infrastructure, electronics, medical, and energy, economic
 and business conditions affecting the markets served, and general economic
 conditions.  Additionally, CoorsTek's ability to successfully manufacture
 critical components for lithography systems is dependent on other factors as
 well including reliability of the new technology, customer acceptance of this
 technology, the level and timing of customer orders, and competitive product
 innovation.  CoorsTek's ability to successfully complete the implementation of
 ERP software is dependent on numerous factors including reliability of the
 software and effectiveness of the implementation teams.  More detailed
 information regarding risks and uncertainties is available in CoorsTek's
 Registration Statement on Form S-1 (No. 333-38824), as amended, and CoorsTek's
 Annual Report on Form 10-K for the year ended December 31, 2000, both filed
 with the Securities and Exchange Commission, which are available free of
 charge at the Commission's website at www.sec.gov.
 
 
                                   COORSTEK, INC.
                         CONSOLIDATED STATEMENT OF INCOME
                       (In thousands, except per share data)
 
                                                     Three Months Ended
                                                         March 31,
                                                   2001                 2000
 
     Sales                                       $145,714             $120,819
     Cost of goods sold                           112,284               93,400
        Gross profit                               33,430               27,419
        Gross margin                               22.9%                 22.7%
 
     Selling, general and administrative           18,926  (1)          14,449
        Operating income                           14,504               12,970
                                                   10.0%                10.7%
 
     Interest expense                               2,256                4,713
        Income before income taxes                 12,248                8,257
     Income tax expense                             4,470                3,055
        Net income                                 $7,778               $5,202
 
        Net income per basic share of
         common stock                              $0.74                $0.73
 
     Weighted average shares outstanding-
      basic                                        10,561                7,143
 
        Net income per diluted share of
         common stock                              $0.73                 $0.72
 
     Weighted average shares outstanding-
      diluted                                      10,703                7,220
 
 
     (1)  Selling, general and administrative includes $3.0 million of research
          and development costs in 2001.
 
 
                                  COORSTEK, INC.
                            CONSOLIDATED BALANCE SHEET
                                  (In thousands)
 
 
                                                    March 31,      December 31,
                                                      2001             2000
     ASSETS
     Current assets:
           Cash                                        $738              $--
           Accounts receivable                       64,736            75,915
           Inventories                              107,687           101,973
           Other assets                              21,317            17,178
                   Total current assets             194,478           195,066
 
     Properties, net                                160,023           151,250
     Other noncurrent assets                         47,368            46,579
     Total assets                                  $401,869          $392,895
 
 
     LIABILITIES AND SHAREHOLDERS' EQUITY
     Current liabilities:
           Current maturities of debt                $3,013              $900
           Accounts payable                          18,107            29,634
           Other current liabilities                 29,870            35,906
                   Total current
                    liabilities                      50,990            66,440
 
     Long-term debt                                 112,298            97,230
     Other long-term liabilities                     21,555            20,265
     Total liabilities                              184,843           183,935
 
     Shareholders' equity                           217,026           208,960
     Total liabilities and shareholders'
      equity                                       $401,869          $392,895
 
 
                                  COORSTEK, INC.
                       CONSOLIDATED STATEMENT OF CASH FLOWS
                                  (In thousands)
 
                                                        Three Months Ended
                                                             March 31,
                                                      2001              2000
 
     Cash flows from operating activities:
           Net income                                $7,778            $5,202
           Adjustments to reconcile net
            income to net
              cash provided by operating
               activities:
                 Depreciation and
                  amortization                        6,143             6,004
                 Change in current assets
                  and current
                    liabilities and other:
                      Accounts receivable            11,179           (15,928)
                      Inventories                    (5,714)           (5,120)
                      Accounts payable              (11,527)            2,884
                      Other                          (9,248)           (6,958)
     Net cash used by operating activities           (1,389)          (13,916)
 
     Cash flows from investing activities:
           Additions to properties                  (14,253)           (6,907)
           Acquisitions, net of cash
            acquired                                 (1,416)             (830)
           Other                                        (50)              (54)
     Net cash used by investing activities          (15,719)           (7,791)
 
     Cash flows from financing activities:
           Proceeds from issuance of debt            38,167           253,992
           Payments on debt                         (20,986)         (227,700)
           Issuance of stock                            665                60
     Net cash provided by financing
      activities                                     17,846            26,352
 
     Cash and cash equivalents:
           Net increase (decrease) in cash
            and cash equivalents                        738             4,645
           Balance at beginning of period               --                 --
           Balance at end of period                    $738            $4,645
 
 
                                   COORSTEK, INC.
                                SEGMENT INFORMATION
                                   (In thousands)
 
                                                        Three Months Ended
                                                             March 31,
                                                       2001              2000
 
     Net sales:
 
             Semiconductor segment                   $77,480           $53,576
             Advanced Materials segment               68,234            67,243
                                                    $145,714          $120,819
 
     Gross Profit:
 
             Semiconductor segment                   $17,369           $13,680
             Advanced Materials segment               16,061            13,739
                                                     $33,430           $27,419
 
                     MAKE YOUR OPINION COUNT -  Click Here
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SOURCE CoorsTek, Inc.
    GOLDEN, Colo., April 25 /PRNewswire/ -- CoorsTek, Inc. (Nasdaq:   CRTK), a
 leading designer and manufacturer of critical components and integrated
 assemblies for the semiconductor capital equipment industry and other high
 tech applications, reported first quarter 2001 revenue of $145.7 million, 20.6
 percent greater than the prior year's first quarter.  Net income increased 50
 percent to $7.8 million, or 73 cents per diluted share, from $5.2 million, or
 72 cents per diluted share, during this same period.  Weighted average shares
 outstanding increased to 10.7 million diluted shares at March 31, 2001 from
 7.2 million diluted shares a year ago owing to the follow-on offering of new
 common shares completed in the third quarter of 2000.
     "CoorsTek's excellent first quarter performance tracked our expectations
 and illustrates the strength of our strategic positioning in our key
 markets -- semiconductor capital equipment and advanced materials," said John
 K. Coors, CoorsTek Chairman, President, and Chief Executive Officer.  "We
 gained market share with existing and new semiconductor OEM customers, which
 offset the overall softness in this industry, and our advanced materials
 segment posted solid results.  Additionally, integrated assembly continues to
 be a strategic opportunity for us, especially with respect to new technology
 and 300-millimeter tools."
     CoorsTek's semiconductor segment revenue increased 45 percent to $77.5
 million in the first quarter of 2001 from the prior year's first quarter while
 the gross margin decreased to 22.4 percent from 25.5 percent.  A continuing
 strategic shift in product mix caused this dilution.  During the first quarter
 of 2001, integrated assembly revenue grew significantly to $25.0 million from
 $9.7 million a year ago.  Although assembly services have a lower gross margin
 than component manufacturing, they have substantially less invested capital
 requirements and allow the Company to manage the supply chain for assembling
 these complex systems.  CoorsTek's advanced materials segment revenue for the
 first quarter of 2001 equaled $68.2 million, a 1.5 percent increase over the
 prior year's first quarter, while the gross margin increased 3.1 percent to
 23.5 percent following cost efficiency measures taken during 2000.  On a
 consolidated basis, CoorsTek's first quarter 2001 gross margin of 22.9 percent
 remained consistent with the prior year period.
     Research and development expense (R&D) of $3.0 million for the 2001 first
 quarter is included in selling, general, and administrative expenses (SG&A).
 During the first quarter of 2001, CoorsTek began capturing these costs, which
 had previously been included in cost of goods sold (COGS) and SG&A.  SG&A as a
 percentage of sales increased to 13 percent from 12 percent in the first
 quarter of 2001 compared with the first quarter of 2000.  Operating income
 increased 11.8 percent to $14.5 million in the first quarter of 2001 versus
 the 2000 first quarter and interest expense fell $2.5 million to $2.3 million
 as a result of the repayment of debt during the third quarter of 2000.
     CoorsTek's total debt to capitalization equaled 34.7 percent at March 31,
 2001 compared with 32 percent at year-end 2000.  Capital expenditures of $14.3
 million for the first quarter of 2001 primarily funded capacity and capability
 expansion in targeted markets including telecommunications, optoelectronics,
 and semiconductor as well as the purchase of enterprise resource planning
 (ERP) software.  Capital expenditures totaled $6.9 million in the first
 quarter of 2000.
 
     First Quarter Events
 
     -- Effective supply chain management is integral to CoorsTek's assembly
        service capabilities.  To enhance these skills, the Company acquired
        ERP software.  Implementation will create a foundation for gathering
        information to facilitate greater resource management efficiencies.
 
     -- CoorsTek and a leading manufacturer of advanced lithography equipment
        signed a licensing agreement for co-developed technology for
        200-millimeter and 300-millimeter lithography systems.  CoorsTek is
        manufacturing the ceramic and metal components and subassemblies for
        the new generation systems using this technology.  This licensing and
        manufacturing agreement broadens the Company's technological
        capabilities and deepens its penetration with a key company in the
        semiconductor equipment industry.
 
     -- CoorsTek acquired HP Plastics, a Texas-based manufacturer of high
        performance injection molded plastics used primarily in the
        semiconductor equipment market.  This purchase augments CoorsTek's
        materials expertise and provides yet another manufacturing solution to
        offer its customers.
 
     -- In response to the current softness in many of the markets CoorsTek
        serves, the Company has initiated cost reduction actions on a plant
        specific basis.  Such actions include mandatory time off, restricted
        overtime, and a hiring freeze.  Additionally, the Company reduced its
        total workforce by 13 percent during the quarter.  These proactive
        measures were taken and the associated costs incurred during the first
        quarter.  The Company will continue to evaluate its cost structure
        relative to market conditions.
 
     Second Quarter Outlook
     The following information provides guidance for the Company's projected
 results for the first six months of 2001.  CoorsTek expects:
 
     -- Total revenue between $240 million and $260 million.
     -- Advanced materials segment revenue of approximately $135 to $140
        million.
     -- Semiconductor segment revenue between $105 million and $120 million.
     -- Gross profit margin of approximately 21 percent.
     -- SG&A of approximately $35 million, which includes R&D of $5 million.
        The Company will continue to invest in activities such as R&D and
        capability enhancements to ensure its long-term strategic advantage.
 
     Mr. Coors concluded, "As our guidance reflects, we expect the
 semiconductor sector to weaken further during the second quarter while our
 presence in the advanced materials markets will continue to act as a strategic
 buffer.  We have prepared for the semiconductor industry's cyclicality, both
 in terms of reducing our cost structure and positioning CoorsTek as the
 supplier of choice.  We believe that because of these strategic initiatives we
 will emerge from the downturn as one of the industry's strongest outsourcing
 partners."
 
     CoorsTek designs and manufactures components, integrated assemblies, and
 automated systems for the semiconductor capital equipment market and other
 high technology applications.  Using technical ceramics, precision-machined
 metals, and high performance plastics, the Company's engineered solutions
 enable its customers' products to overcome technological barriers and improve
 performance.  For additional information on CoorsTek, visit the Company's
 website:  www.coorstek.com.
 
     The CoorsTek conference call is scheduled for today at 4:30 EDT and can be
 accessed by dialing 800-240-2134, or if in the New York area, 212-699-6810.
 The Company intends to make available a telephone replay through the close of
 business Friday, April 27, 2001 (303-590-3000 or 800-405-2236, passcode
 321183) and an Internet replay through the close of business Wednesday, May 2,
 2001 (access via the CoorsTek website on the Investor Relations main page).
 Subsequent earnings release conference call dates will be posted on the
 Company website within one week of the close of each quarter.
 
     Certain statements in this press release constitute "forward looking
 statements" within the meaning of Section 27A of the Securities Act of 1933
 and Section 21E of the Securities Exchange Act of 1934.  These forward looking
 statements involve known or unknown risks, uncertainties, and other factors
 that may cause the actual results, performance, or achievements of CoorsTek to
 be materially different from any future results, performance, or achievements
 expressed or implied by the forward looking statements.  Specifically,
 CoorsTek's ability to grow or sustain current revenue and earnings in the
 semiconductor and advanced materials segments or achieve revenue, margin, and
 expense targets may be affected by costs of raw materials, labor, and power,
 costs associated with capital expenditures or acquisitions, changes in
 interest or currency exchange rates, environmental and other regulatory
 compliance expenses, other unforeseen expenses, competitive activity, the
 cyclicality of the semiconductor market, customers' outsourcing needs and
 product orders, the level and timing of commercialization of 300-millimeter
 machined designs, customer acceptance of 300-millimter equipment, the demand
 for integrated assemblies, the demand for advanced materials in market sectors
 such as fiber optic infrastructure, electronics, medical, and energy, economic
 and business conditions affecting the markets served, and general economic
 conditions.  Additionally, CoorsTek's ability to successfully manufacture
 critical components for lithography systems is dependent on other factors as
 well including reliability of the new technology, customer acceptance of this
 technology, the level and timing of customer orders, and competitive product
 innovation.  CoorsTek's ability to successfully complete the implementation of
 ERP software is dependent on numerous factors including reliability of the
 software and effectiveness of the implementation teams.  More detailed
 information regarding risks and uncertainties is available in CoorsTek's
 Registration Statement on Form S-1 (No. 333-38824), as amended, and CoorsTek's
 Annual Report on Form 10-K for the year ended December 31, 2000, both filed
 with the Securities and Exchange Commission, which are available free of
 charge at the Commission's website at www.sec.gov.
 
 
                                   COORSTEK, INC.
                         CONSOLIDATED STATEMENT OF INCOME
                       (In thousands, except per share data)
 
                                                     Three Months Ended
                                                         March 31,
                                                   2001                 2000
 
     Sales                                       $145,714             $120,819
     Cost of goods sold                           112,284               93,400
        Gross profit                               33,430               27,419
        Gross margin                               22.9%                 22.7%
 
     Selling, general and administrative           18,926  (1)          14,449
        Operating income                           14,504               12,970
                                                   10.0%                10.7%
 
     Interest expense                               2,256                4,713
        Income before income taxes                 12,248                8,257
     Income tax expense                             4,470                3,055
        Net income                                 $7,778               $5,202
 
        Net income per basic share of
         common stock                              $0.74                $0.73
 
     Weighted average shares outstanding-
      basic                                        10,561                7,143
 
        Net income per diluted share of
         common stock                              $0.73                 $0.72
 
     Weighted average shares outstanding-
      diluted                                      10,703                7,220
 
 
     (1)  Selling, general and administrative includes $3.0 million of research
          and development costs in 2001.
 
 
                                  COORSTEK, INC.
                            CONSOLIDATED BALANCE SHEET
                                  (In thousands)
 
 
                                                    March 31,      December 31,
                                                      2001             2000
     ASSETS
     Current assets:
           Cash                                        $738              $--
           Accounts receivable                       64,736            75,915
           Inventories                              107,687           101,973
           Other assets                              21,317            17,178
                   Total current assets             194,478           195,066
 
     Properties, net                                160,023           151,250
     Other noncurrent assets                         47,368            46,579
     Total assets                                  $401,869          $392,895
 
 
     LIABILITIES AND SHAREHOLDERS' EQUITY
     Current liabilities:
           Current maturities of debt                $3,013              $900
           Accounts payable                          18,107            29,634
           Other current liabilities                 29,870            35,906
                   Total current
                    liabilities                      50,990            66,440
 
     Long-term debt                                 112,298            97,230
     Other long-term liabilities                     21,555            20,265
     Total liabilities                              184,843           183,935
 
     Shareholders' equity                           217,026           208,960
     Total liabilities and shareholders'
      equity                                       $401,869          $392,895
 
 
                                  COORSTEK, INC.
                       CONSOLIDATED STATEMENT OF CASH FLOWS
                                  (In thousands)
 
                                                        Three Months Ended
                                                             March 31,
                                                      2001              2000
 
     Cash flows from operating activities:
           Net income                                $7,778            $5,202
           Adjustments to reconcile net
            income to net
              cash provided by operating
               activities:
                 Depreciation and
                  amortization                        6,143             6,004
                 Change in current assets
                  and current
                    liabilities and other:
                      Accounts receivable            11,179           (15,928)
                      Inventories                    (5,714)           (5,120)
                      Accounts payable              (11,527)            2,884
                      Other                          (9,248)           (6,958)
     Net cash used by operating activities           (1,389)          (13,916)
 
     Cash flows from investing activities:
           Additions to properties                  (14,253)           (6,907)
           Acquisitions, net of cash
            acquired                                 (1,416)             (830)
           Other                                        (50)              (54)
     Net cash used by investing activities          (15,719)           (7,791)
 
     Cash flows from financing activities:
           Proceeds from issuance of debt            38,167           253,992
           Payments on debt                         (20,986)         (227,700)
           Issuance of stock                            665                60
     Net cash provided by financing
      activities                                     17,846            26,352
 
     Cash and cash equivalents:
           Net increase (decrease) in cash
            and cash equivalents                        738             4,645
           Balance at beginning of period               --                 --
           Balance at end of period                    $738            $4,645
 
 
                                   COORSTEK, INC.
                                SEGMENT INFORMATION
                                   (In thousands)
 
                                                        Three Months Ended
                                                             March 31,
                                                       2001              2000
 
     Net sales:
 
             Semiconductor segment                   $77,480           $53,576
             Advanced Materials segment               68,234            67,243
                                                    $145,714          $120,819
 
     Gross Profit:
 
             Semiconductor segment                   $17,369           $13,680
             Advanced Materials segment               16,061            13,739
                                                     $33,430           $27,419
 
                     MAKE YOUR OPINION COUNT -  Click Here
                http://tbutton.prnewswire.com/prn/11690X34858439
 
 SOURCE  CoorsTek, Inc.