Align-Rite Posts Record Earnings for 3rd Quarter

Align-Rite International Inc., a Burbank maker of photomasks for the semiconductor industry, posted record earnings and revenues for the fiscal third quarter ending Dec. 31.

Earnings for the quarter were $1.35 million, up from $597,000 a year earlier. Revenues were $8.6 million, up 46% from $5.9 million for the corresponding year-earlier period.

For the nine months that ended Dec. 31, earnings were up 63% to $3.6 million from $2.2 million in the same period a year earlier. Revenues in the first nine months were up 32% to $24.3 million from $18.4 million the prior year.