FEI Company reported fourth quarter revenue that was the highest for any quarter in the company's history. Fourth quarter bookings were also strong and the company ended the year with a record backlog. For the full year, operating income increased on a 4% decline in revenue. For the fourth quarter, net bookings were US-$ 163.3 million. Bookings were 9% above third-quarter bookings of US-$ 149.7 million and 6% above last year's fourth quarter total of US-$ 153.8 million. Net sales of US-$ 154.4 million were up 10% compared to the third quarter of 2009 and up 2% from the fourth quarter of 2008. The backlog at the end of the quarter was a record US-$ 354.6 million, of which approximately 90% is expected to ship in the next 12 months. For all of 2009, bookings were US-$ 601.4 million, compared with US-$ 620.0 million in 2008.
Guidance for Q1 2010
Assuming a euro/dollar exchange rate of US-$ 1.45, FEI expects net sales in the first quarter of 2010 to be in the range of US-$150 million to US-$ 156 million. Bookings are expected to be at least US-$ 145 million. GAAP earnings per share are expected to be in the range of US-$ 0.15 to US-$ 0.20, including estimated restructuring charges of US-$ 0.02 to US-$ 0.03 per share.
Keywords: 2009 Electron-Ion-Beam-Microscopes Fei Company Microscopy Provider Quarterly Bookings Record Fourth Quarter
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