Nanometrics Announces $20 Million Share Repurchase Program

Nanometrics Incorporated NANO, a leading provider of advanced process control metrology and inspection systems, today announced that its Board of Directors has authorized the repurchase of up to $20 million of the company's common stock. This program follows last week's completion of the $10 million repurchase program approved in November 2010. The company repurchased a total of 667,000 shares at an average price of $14.92 under this program. This $20 million program is effective immediately and will be funded using the company's available cash. Share repurchases under this program may be made through open market and privately negotiated transactions, at times and in such amounts as management deems appropriate. As of March 31, 2012, Nanometrics had $95.5 million in cash and cash equivalents and approximately 23.4 million shares outstanding.