Sales met the Companys expectations, while earnings were lower than anticipated. The company expects to report full financial results on October 2, 2003, before 8:00 a.m. (EST).
During the fourth quarter, we once again made progress in growing sales sequentially from third quarter 2003 in our new markets of services, life sciences and fuel cells, said Jim Dauwalter, Entegris president and chief executive officer. Semiconductor market sales increased slightly from the third quarter, while sales in our data storage market declined as anticipated. Increasing sales in our new markets is vital to our goal of expanding our materials integrity management leadership outside of the semiconductor and data storage markets. However, we are still in the investment stage in these new markets and are not currently generating margins comparable to our traditional markets.