MKS reports sales results for fourth quarter

MKS Instruments, a provider of advanced-process technologies, has reported that, for the fourth quarter of 2010, sales were $219m (£135m), up 53 per cent from $142.8m in the fourth quarter of 2009 and down slightly from $221.3m the third quarter of 2010.

Fourth-quarter net income was $35.9m, or $0.7 per diluted share, compared with $14.9m, or $0.30 per diluted share, in the fourth quarter of 2009 and $38.6m, or $0.76 per diluted share, in the third quarter of 2010.

Non-GAAP net earnings were $34.4m, or $0.67 per diluted share, compared with $14.9m, or $0.29 per diluted share, in the fourth quarter of 2009 and $36.8m, or $0.72 per diluted share, in the third quarter of 2010.