KLA-Tencor Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended December 31, 2011
January 26, 2012 at 04:15 pm
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KLA-Tencor Corporation reported unaudited consolidated earnings results for the second quarter and six months ended December 31, 2011. For the quarter, the company reported total revenues were $642,482,000 against $766,327,000 a year ago. Income before income taxes was $146,907,000 against $251,191,000 a year ago. Net income was $110,797,000 against $185,492,000 a year ago. Net income per diluted share was $0.66 against $1.09 a year ago. Non-GAAP net income was $121,872,000 against $187,216,000 a year ago. Non-GAAP net income per diluted share was $0.72 against $1.10 a year ago. Income from operations was $159,463,000 compared to $268,866,000 a year ago. Net cash provided by operating activities was $187,232,000 against $193,925,000 a year ago. Capital expenditures, net were $14,918,000 against $11,552,000 a year ago.
For the six months, the company reported total revenues were $1,438,958,000 against $1,448,669,000 a year ago. Income before income taxes was $394,169,000 against $474,503,000 a year ago. Net income was $302,792,000 against $339,688,000 a year ago. Net income per diluted share was $1.78 against $2.00 a year ago. Income from operations was $413,752,000 compared to $504,482,000 a year ago.
KLA Corporation is one of the world leaders in the design, production and marketing of control and improvement procedures for semiconductor production processes. Net sales break down by family of products and services as follows:
- inspection systems (41.3%): for the detection, counting, classification and characterization of defects linked to the manufacture of silicon wafers and semiconductors;
- metrology and extreme ultraviolet lithography systems (26.6%): for the control of lithography, coating, and engraving processes;
- services (20.2%): consulting, technical assistance, installation, maintenance, etc.;
- advanced vacuum deposition and etching process tools (4.7%);
- printed circuit board, display and electronic component inspection systems (3.6%);
- other (3.6%): primarily defect analysis equipment and software.
Net sales are distributed geographically as follows: North America (12%), China (27.3%), Taiwan (23.8%), Korea (18%), Japan (8.4%), Europe and Israel (6.5%) and Asia (4%).