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SMT & Inspection | February 13, 2006

Strong 2005 for Orbotech

Production equipment manufacturer Orbotech's net earnings rose nearly 32% to reach $46.26 million in 2005.
Orbotech's profit was boosted by the good Q4 result of $12 million in net income. The company's revenues increased 17% to reach almost $380 million.

Notable is that the company during the year also has increased its R&D spending by almost 14 % to reach $55 million.

“We are pleased with our financial results for the quarter, and for 2005 as a whole, in which we posted record revenues. Our focused investments in research and development, and commitment to our worldwide customer support network, are an integral and consistent part of our corporate strategy. The Company enters 2006 with an excellent product portfolio, which reinforces our leadership position as the pre-eminent provider of yield management solutions to the growing industries that we serve”, Yochai Richter, Chief Executive Officer at Orbotech commented on the results.

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