Zygo Reports Q1 Fiscal 2011 Revenues Increase 46% Over Last Year: EPS of $0.15

Zygo Corporation ZIGO today announced its financial results for the first quarter of fiscal 2011, ended September 30, 2010. First quarter fiscal 2011 net revenues of $31.1 million increased 46% from $21.3 million during the same period in the prior year reflecting improved business conditions in the overall economy for our products. The Company recorded net earnings from continuing operations attributable to Zygo for the first quarter of fiscal 2011 of $2.6 million, or $0.15 per diluted share, as compared with a loss from continuing operations attributable to Zygo of $4.0 million, or a $0.23 loss per diluted share, in the first quarter of fiscal 2010, an improvement of $0.38 per diluted share year over year. Net earnings for the first quarter of fiscal 2011 was $2.7 million, or $0.16 per diluted share, as compared with a $5.8 million net loss, or a $0.34 net loss per diluted share, in the first quarter of fiscal 2010.