Orbotech Revises 2012 Annual Revenue Guidance
09 Outubro 2012 - 10:30AM
Business Wire
ORBOTECH LTD. (NASDAQ/GSM SYMBOL: ORBK) (the “Company”)
today announced that it is further revising its revenue guidance
for 2012 in light of the current economic environment and its
effects on the Company’s business. The Company expects that
revenues levels in the third quarter of 2012 will be approximately
$98 million, and for the full year 2012 will be approximately $400
million, revised from the previously announced range of $430 - 450
million.
Despite strong sales activity during the month of July, third
quarter revenues from sales of equipment to the printed circuit
board “(PCB”) industry were significantly lower than
anticipated. While PCB plant utilization levels - particularly for
high-end PCB products - continue to improve, PCB customers have
deferred capital expenditure decisions citing uncertainty in
overall global economic conditions.
In addition, as previously disclosed, the low level of capital
spending in the flat panel display (“FPD”) industry is
expected to continue throughout 2012 and into the first half of
2013. Lead times for delivery of the Company’s FPD products have
become shorter, which has also reduced the visibility into the
Company’s expected business.
Given these changes in business conditions, the Company is
adopting certain measures designed to realign its infrastructure,
while at the same time continuing to invest in research and
development programs to enhance future growth and improve its
technological leadership, and improving its worldwide customer
service and support infrastructure.
About Orbotech Ltd.
Orbotech Ltd. (NASDAQ/GSM: ORBK) has been at the cutting edge of
the electronics industry supply chain, as an innovator of enabling
technologies used in the manufacture of the world’s most
sophisticated consumer and industrial products, for over 30 years.
The Company is a leading provider of yield-enhancing and production
solutions, primarily for manufacturers of printed circuit boards,
flat panel displays and other electronic components; and today,
virtually every electronic device is produced using Orbotech
technology. The Company also applies its core expertise and
resources in other advanced technology areas, including character
recognition for check and forms processing and solar photovoltaic
manufacturing. Headquartered in Israel and operating from multiple
locations internationally, Orbotech’s highly talented and
inter-disciplinary professionals design, manufacture, sell and
service the Company’s end-to-end portfolio of solutions for the
benefit of customers the world over. For more information please
see the Company’s filings with the U.S. Securities and Exchange
Commission at www.sec.gov and visit the Company’s corporate website
at www.orbotech.com. The corporate website is not incorporated
herein by reference and is included as an inactive textual
reference only.
Cautionary Statement Regarding
Forward-Looking Statements
Except for historical information, the matters discussed in this
press release are forward-looking statements within the meaning of
the U.S. Private Securities Litigation Reform Act of 1995. These
statements relate to, among other things, future prospects,
developments and business strategies and involve certain risks and
uncertainties. The words “anticipate,” “believe,” “could,” “will,”
“plan,” “expect” and “would” and similar terms and phrases,
including references to assumptions, have been used in this press
release to identify forward-looking statements. These
forward-looking statements are made based on management’s
expectations and beliefs concerning future events affecting
Orbotech and are subject to uncertainties and factors relating to
its operations and business environment, all of which are difficult
to predict and many of which are beyond the Company’s control. Many
factors could cause the actual results to differ materially from
those projected including, without limitation, the timing, terms
and success of any strategic transaction, the outcome and impact of
the pending criminal matter and ongoing investigation in Korea,
including any impact on existing or future business opportunities
in Korea and elsewhere, any civil actions related to the Korean
matter brought by third parties, including the Company’s customers,
which may result in monetary judgments or settlements, expenses
associated with the Korean matter, cyclicality in the industries in
which the Company operates, the Company’s production capacity,
timing and occurrence of product acceptance, fluctuations in
product mix, worldwide economic conditions generally, especially in
the industries in which the Company operates, the timing and
strength of product and service offerings by the Company and its
competitors, changes in business or pricing strategies, changes in
the prevailing political and regulatory framework in which the
relevant parties operate or in economic or technological trends or
conditions, including currency fluctuations, inflation and consumer
confidence, on a global, regional or national basis, the level of
consumer demand for sophisticated devices such as smartphones,
tablets and other electronic devices and other risks detailed in
the Company’s SEC reports, including the Company’s Annual Report on
Form 20-F for the year ended December 31, 2011. The Company assumes
no obligation to update the information in this press release to
reflect new information, future events or otherwise, except as
required by law.
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