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OPERATOR: Good day, ladies and gentlemen, and thank you for standing by. And welcome to the Key Technology fiscal 2010 third quarter results conference call. (Operator Instructions.) As a reminder, this conference may be recorded.
And now, I'll turn the program over to our speaker, Cathy Burlingame. Ma'am, please go ahead.
CATHY BURLINGAME, IR, KEY TECHNOLOGY, INC.: Thanks, Huey. Good afternoon and thank you for joining us for the Key Technology fiscal 2010 third quarter results conference call. Hosting the call today will be David Camp, President and Chief Executive Officer, and Jack Ehren, Senior Vice President and Chief Financial Officer.
Today's call is being recorded and will be available for replay on the Investor Relations home page of our website at www.key.net.
Before we begin, I would like to remind you that comments made in today's call may include forward-looking statements within the meaning of the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on Management's current expectations or beliefs, and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. These and other cautionary statements are listed in today's release. For a more detailed discussion, please refer to the Company's annual report on Form 10-K filed with the Securities and Exchange Commission in December, 2009.
And now, I'd like to turn the call over to David Camp, President and Chief Executive Officer, for a discussion of the Company's results.
DAVID CAMP, PRESIDENT & CEO, KEY TECHNOLOGY, INC.: Thank you, Cathy. Good afternoon. Excuse me.
As the mild recovery continues, we remain encouraged about our near-term future. Orders for the third fiscal quarter of 2010 were $29.7 million, an increase of 44% over the comparable period in fiscal 2009, which represents our fourth consecutive quarter of year-over-year increased orders. The resulting increase in current quarter net sales of 21%, compared to the third quarter of fiscal 2009, combined with our continuing cost management, has resulted in a second consecutive quarter of solid profitability.
Our industry, however, continues to operate with excess manufacturing capacity, and price deflation remains a significant factor in our markets. Our gross margin percentage for fiscal 2009 was...