Align-Rite Reports Record Earnings for 1st Quarter

Increased efficiency and strong global demand helped propel Align-Rite to post record first-quarter revenue and earnings figures, the company reported.

First-quarter revenue was $13.69 million, up nearly 30% from the year-ago quarter. Net income for the first quarter rose by 23% to $1.78 million, or 36 cents per diluted share, compared with $1.45 million, or 30 cents per diluted share in the year-ago first quarter.

The first quarter, which ended June 30, marked the company’s sixth consecutive quarter of growth.

Align-Rite, headquartered in Burbank, makes photo masks, precision glass plates used by semiconductor manufacturers to transmit patterns onto semiconductor wafers.