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Daw Technologies reports rise in its net earnings for 2000

Salt Lake-based Daw Technologies Inc. said Friday it had net earnings of $3.5 million, or 21 cents per share, for 2000. That compares with a net loss of $7.6 million, or 61 cents per share, in 1999.

The company designs, engineers, manufactures and installs ultra-clean manufacturing environments.

Revenue for the year was $52.6 million, up 16.4 percent from 1999.

In the fourth quarter of 2000, the company's net income was $2.3 million, or 12 cents per share, on revenue of $10.2 million. That compares with a net loss of $4.7 million, or 38 cents per share, on revenues of $10.3 million in the prior-year period.

The company attributed its improved financial performance to several factors, including cost-cutting measures begun in early 2000 and efforts to diversify the company's business, both geographically and among industry segments, as well as a restructuring of the company's operations to focus on individual business units.

The company's stock price early Friday was 75 cents, up 18 cents from Thursday's close. In the past year, the price has ranged from 41 cents to $3.43.