Intevac. (IVAC) Tops Q4 EPS by 2c

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Go back to Intevac. (IVAC) Tops Q4 EPS by 2c

Intevac Announces Fourth Quarter and Full Year 2018 Financial Results

January 30, 2019 4:05 PM EST

SANTA CLARA, Calif.--(BUSINESS WIRE)-- Intevac, Inc. (Nasdaq: IVAC) today reported financial results for the fiscal fourth quarter and year ended December29,2018.

We were very pleased to finish 2018 on a high note, with year-end backlog of $109 million at the highest level in more than eight years, driven by significant new orders in both Thin-film Equipment (TFE) and Photonics, commented Wendell Blonigan, president and chief executive officer of Intevac. The continued technology investments by our hard drive customers helped drive another strong growth year for our HDD business in 2018, and today we have six... More