GT Advanced Technologies Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended March 31, 2012. For the fourth quarter, the company reported revenue of $353,890,000 compared to $271,627,000 a year ago. Income from operations was $116,130,000 compared to $82,732,000 a year ago. Income before income taxes was $115,296,000 compared to $80,606,000 a year ago. Net income was $79,073,000 or $0.65 per diluted share compared to $51,894,000 or $0.41 per basic and diluted share a year ago. Non-GAAP net income was $83,863,000 or $0.69 per diluted share compared to $53,872,000 or $0.42 per diluted share a year ago. For the year, the company reported revenue of $955,705,000 compared to $898,984,000 a year ago. Income from operations was $280,392,000 compared to $273,302,000 a year ago. Income before income taxes was $269,938,000 compared to $270,598,000 a year ago. Net income was $183,397,000 or $1.45 per diluted share compared to $174,755,000 or $1.24 per diluted share a year ago. Non-GAAP net income was $207,525,000 or $1.65 per diluted share compared to $182,671,000 or $1.30 per diluted share a year ago. In the first quarter ending June, 2012, gross margin is expected to be in the range of 36% to 37% due to customer mix and low absorption. Non-GAAP EPS is expected in the range of $0.05 to $0.10 per share. For fiscal year from April 1, 2012 to December 31, 2012, the company expects to invest $60 million to $70 million in CapEx. The gross margin is expected to be approximately 40%. The company is guiding for further improvement in its effective tax rate for fiscal year 2012, to 32% from 34% in calendar year 2011. As a result, the company expects non-GAAP EPS to be in the range of $1.30 to $1.40 for fiscal year 2012. In fiscal year 2012, the company expects year-over-year revenue growth in the range of 6% to 12%. The company expects that the seventh generation reactor will produce over 1,000 metric tons per year and have power consumption levels below 35 kilowatt hours per kilogram at semiconductor quality levels, performance that will once again raise the industry bar for polysilicon reactors. The company expects fiscal year 2012 revenue to come in within a range of $925 million to $975 million, which would represent approximately 6% to 12% growth compared to calendar year 2011. Based on the visibility, the company expects fiscal 2013, revenues to grow beyond $1 billion.