Kulicke and Soffa Industries, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended December 31, 2017; Provides Earnings Guidance for the Second Quarter Ending March 31, 2018
January 31, 2018 at 05:00 pm
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Kulicke and Soffa Industries, Inc. announced unaudited consolidated earnings results for the first quarter ended December 31, 2017. For the quarter, the company reported net revenue of $213,691,000 against $149,639,000 a year ago. Income from operations was $38,571,000 against $17,281,000 a year ago. Interest income was $1,975,000 against $1,172,000 a year ago. Income before income taxes was $40,280,000 against $18,191,000 a year ago. Net loss was $69,337,000 or $0.98 per basic and diluted share against income of $15,583,000 or $0.22 per basic and diluted share a year ago. Capital expenditures were $6,257,000 against $2,229,000 a year ago. Net cash provided by operating activities was $50,333,000 against $30,049,000 a year ago. Non-GAAP income from operations was $41,828,000 against $18,804,000 a year ago. Non-GAAP net income was $38,839,000 against $17,084,000 a year ago. Non-GAAP net income per diluted share was $0.54 against $0.24 per basic and diluted a year ago.
The company currently expects net revenue in the second fiscal quarter of 2018 ending March 31, 2018 to be approximately $205 million to $215 million.
Kulicke and Soffa Industries, Inc. specializes in developing semiconductor and electronics assembly solutions. It designs, develops, manufactures, and sells capital equipment, consumables and services used to assemble semiconductors and electronic devices, such as integrated circuits, power discrete, light-emitting diode (LEDs), advanced displays and sensors. The Company operates in four segments. Its Ball Bonding Equipment segment is in designs, development, manufacture, and sell of ball bonding equipment and wafer level bonding equipment. Its Wedge Bonding Equipment segment is in design, development, manufacture, and sale of wedge bonding equipment. The Company's Advanced Solutions is in design, development, manufacture, and sells advanced display, die-attach and thermocompression systems and solutions. Its aftermarket products and services segment is in the design, development, manufacture and sale of a variety of tools, spares and services for the Company's equipment.
Kulicke and Soffa Industries, Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended December 31, 2017; Provides Earnings Guidance for the Second Quarter Ending March 31, 2018