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Semiconductor industry

Watkins-Johnson Co. Reports Record Sales and Net Income in 1994

Strategic Insights

— 1 min read

Watkins-Johnson Co., a leading high-technology company, has announced record sales and net income for the year 1994. The company's unaudited results show that sales reached an all-time high of $332,606,000, with net income of $20,961,000, or $2.56 per share. This represents a significant increase from the previous year, with sales up 17.5% and net income up 81.2%.

Key Takeaways:

  • Watkins-Johnson Co. reported record sales of $332,606,000 in 1994, a 17.5% increase from the previous year.
  • Net income for 1994 was $20,961,000, or $2.56 per share, a significant increase of 81.2% from 1993.
  • The company's Semiconductor Equipment Group saw a dramatic increase in orders, with $188 million booked in 1994, an 80% increase over the previous year.
  • The WJ-1000 atmospheric-pressure chemical-vapor deposition (APCVD) system was a key factor in the group's success, with industry recognition awarded through the "Editors' Choice Best Products of 1994" and the "Ten Best Award for Process Equipment".
  • The company's Electronics Group is expanding into commercial telecommunications activities, with advanced products incorporating sophisticated technology unavailable from traditional commercial-sector suppliers.
  • The assets of the company's hydrogeology business were divested at the end of 1994, with corporate revenue and backlog figures adjusted for comparability.

Statistics:

  • Sales: $332,606,000 (1994), $282,134,000 (1993)
  • Net Income: $20,961,000 (1994), $11,596,000 (1993)
  • Orders: $188 million (1994), $104.5 million (1993)
  • Backlog: $235,942,000 (December 31, 1994), $221,437,000 (December 31, 1993)
  • Shippable backlog within 12 months: 92% (1994), 86% (1993)

Sources:

  • Watkins-Johnson Co. press release, January 24, 1995
  • Semiconductor Equipment and Materials International (SEMI) is a leading industry association for the semiconductor manufacturing equipment, materials and services industry. SEMI is based in San Jose, California with a worldwide presence and operations in China, Japan, South Korea, Taiwan, and North America.

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