Align-Rite Profit Leaps 45% as Sales Surge
- Share via
Align-Rite International Inc. posted record net income and record revenue for its fiscal year that ended March 31.
The Burbank-based company posted net income of $4.96 million for the year, a 45% increase from net income of $3.42 million in 1995. Revenue for the latest year rose 31% to $33.3 million, up from $25.4 million a year earlier.
In the fourth quarter, Align-Rite’s profit climbed 12% to $1.33 million, up from $1.19 million last year. Sales in the latest quarter jumped 29% to $8.99 million, up from $6.98 million.
Align-Rite is a maker of precision quartz and glass plates that contain images of integrated circuits and are used during the manufacturing process by semiconductor makers.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
