Ceramic Industry News

Coorstek Updates Fourth Quarter 2002 Guidance

January 13, 2003
/ Print / Reprints /
/ Text Size+
CoorsTek, Inc. recently updated its previously issued expectations for fourth quarter results. Specifically, the company is now projecting revenue in the range of $79 million to $82 million, or approximately 18 to 21% below third quarter 2002 revenue, with a gross margin of approximately 12 to 13%. The decline in projected revenue is primarily attributable to greater than anticipated weakness in CoorsTek's semiconductor capital equipment component and assembly segments. As indicated in the company's prior guidance, R&D for the fourth quarter is expected to be approximately 3.0% of sales. CoorsTek now anticipates that SG&A as a percentage of sales will be in the range of 16 to 17%. Included in the SG&A figure is approximately $1.75 million that the company expects to incur during the fourth quarter related to its recently executed merger agreement with Keystone Holdings. Also, depending on year-end pension plan asset values, CoorsTek may be required to record an additional minimum pension liability of $18 million to $22 million.

For more information, visit http://www.coorstek.com .

Did you enjoy this article? Click here to subscribe to Ceramic Industry Magazine.

You must login or register in order to post a comment.



Image Galleries

In-Depth Features

These articles detail innovative advanced ceramic and glass materials and technologies.


Sapphire: An Extreme Performer

Ian Doggett of Goodfellow and CI Editor Susan Sutton discuss the benefits and opportunities provided by industrial sapphire.

More Podcasts


Ceramic Industry Magazine

CI April 2014 cover

2014 April

Our April issue features details on advanced materials such as ceramic matrix composites and piezoelectric ceramics, among many others. Be sure to check it out!

Table Of Contents Subscribe


M:\General Shared\__AEC Store Katie Z\AEC Store\Images\Ceramics Industry\handbook of advanced ceramics.gif
Handbook of Advanced Ceramics Machining

Ceramics, with their unique properties and diverse applications, hold the potential to revolutionize many industries, including automotive and semiconductors.

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.


CI Data Book July 2012

Ceramic Industry's Directories including Components, Equipment Digest, Services, Data Book & Buyers Guide, Materials Handbook and much more!


facebook_40px twitter_40px  youtube_40pxlinkedin_40