© sergey pesterev dreamstime.com Electronics Production | October 10, 2012
Orbotech decreases revenue guidance for 2012
Orbotech has decreased its revenue guidance for 2012 due to difficult market conditions.
Orbotech said yesterday that it expects revenue levels in the third quarter of 2012 will be approximately 98 million USD, and for the full year 2012 will be approximately 400 million USD, down from the previously announced range of 430 - 450 million USD. “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,” a statement by the company said. The company said that low capital spending in flat panel display industry will continue throughout the first half of 2013 and has shortened lead times.