Varian Semiconductor Equipment Associates Inc. expected to Report Q1 2010 Results on January 25, 2010. This event was calculated by Capital IQ (Created on October 30, 2009).

Varian Semiconductor Equipment Associates Inc. reported earnings results for the fourth quarter and full year ended October 2, 2009. Revenue for the fourth quarter of fiscal year 2009 totaled $117.5 million, compared to revenue of $142.1 million for the same period a year ago. Varian Semiconductor recorded net income of $7.6 million, or $0.10 per diluted share during the fourth quarter of fiscal year 2009, compared to net income of $1.8 million, or $0.02 per diluted share for the same period a year ago. For the quarter, the company also reported operating income of $10.1 million against $3.5 million and income before income taxes of $10.6 million against $5.2 million reported last year. Revenue for fiscal year 2009 totaled $362.1 million, compared to revenue of $834.1 million for fiscal year 2008. Varian Semiconductor recorded a net loss of $38.0 million, or $0.53 per diluted share for fiscal year 2009, compared to net income of $99.5 million, or $1.33 per diluted share for fiscal year 2008. For the year, the company also reported operating loss of $42.7 million and loss before income taxes of $39.5 million against operating income of $152.2 million and income before income taxes of $161 million for the same period last year. Long-term debt on October 2, 2009 was $1.6 million against $2.2 million at the same period last year. First quarter of fiscal year 2010 revenue is expected to be between $134 and $144 million. Earnings per diluted share are anticipated to range from $0.15 to $0.20.

Varian Semiconductor Equipment Associates Inc. reported earnings results for fourth quarter of 2009. Cash from operations was $25.3 million in the fourth quarter. Fourth quarter 2009 capital spending was $1 million, which was lower than its guidance of $1.3 million. The company expects capital expenditures in the first quarter to be approximately $2 million.