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Kulicke & Soffa Reports First Quarter 2020 Results
SINGAPORE--(BUSINESS WIRE)-- Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC) (“Kulicke & Soffa”, “K&S” or the “Company”), today announced financial results
About this update from Kulicke And Soffa Industries, Inc.
[{"type":"text","content":" SINGAPORE--(BUSINESS WIRE)--\nKulicke and Soffa Industries, Inc. (NASDAQ: KLIC) (“Kulicke & Soffa”, “K&S” or the “Company”), today announced financial results of its first fiscal quarter ended December 28, 2019. The Company reported first quarter net revenue of $144.3 million, net income of $13.5 million and non-GAAP net income of $15.7 million.\n\n\n\n\n\n\n\n\n\n\n\n\n \n\n\n\nQuarterly Results - U.S. GAAP\n\n\n\n\n\n \n\n\n\n \n\n\n\nFiscal Q1 2020\n\n\n\n\n \n\n\n\nChange vs.\n\n\nFiscal Q1 2019\n\n\n\n\nChange vs.\n\n\nFiscal Q4 2019\n\n\n\n\n\nNet Revenue\n\n\n\n \n\n\n\n$144.3 million\n\n\n\n\n \n\n\n\ndown 8.2%\n\n\n\n\nup 3.2%\n\n\n\n\n\nGross Profit\n\n\n\n \n\n\n\n$70.4 million\n\n\n\n\n \n\n\n\ndown 5.9%\n\n\n\n\nup 7.6%\n\n\n\n\n\nGross Margin\n\n\n\n \n\n\n\n48.8%\n\n\n\n\n \n\n\n\nup 120 bps\n\n\n\n\nup 200 bps\n\n\n\n\n\nIncome from Operations\n\n\n\n \n\n\n\n$13.4 million\n\n\n\n\n \n\n\n\ndown 8.2%\n\n\n\n\nup 74%\n\n\n\n\n\nOperating Margin\n\n\n\n \n\n\n\n9.3%\n\n\n\n\n \n\n\n\nup 0 bps\n\n\n\n\nup 380 bps\n\n\n\n\n\nNet Income\n\n\n\n \n\n\n\n$13.5 million\n\n\n\n\n \n\n\n\nup 80%\n\n\n\n\nup 110.9%\n\n\n\n\n\nNet Margin\n\n\n\n \n\n\n\n9.4%\n\n\n\n\n \n\n\n\nup 460 bps\n\n\n\n\nup 480 bps\n\n\n\n\n\nEPS – Diluted(a)\n\n\n\n \n\n\n\n$0.21\n\n\n\n\n \n\n\n\nup 90.9%\n\n\n\n\nup 110%\n\n\n\n\n\n(a)\n\n\n\n \n\n\n\nGAAP diluted net earnings per share reflects any dilutive effect of outstanding restricted stock units and stock options, but that effect is excluded when calculating GAAP diluted net (loss) per share because it would be anti-dilutive.\n\n\n\n\n\n\n\n\n\n\n\n \n\n\n\nQuarterly Results - Non-GAAP\n\n\n\n\n\n \n\n\n\n \n\n\n\nFiscal Q1 2020\n\n\n\n\n \n\n\n\nChange vs.\n\n\nFiscal Q1 2019\n\n\n\n\nChange vs.\n\n\nFiscal Q4 2019\n\n\n\n\n\nIncome from Operations\n\n\n\n \n\n\n\n$15.6 million\n\n\n\n\n \n\n\n\ndown 5.5%\n\n\n\n\nup 39.3%\n\n\n\n\n\nOperating Margin\n\n\n\n \n\n\n\n10.8%\n\n\n\n\n \n\n\n\nup 30 bps\n\n\n\n\nup 280 bps\n\n\n\n\n\nNet Income\n\n\n\n \n\n\n\n$15.7 million\n\n\n\n\n \n\n\n\ndown 7.6%\n\n\n\n\nup 68.8%\n\n\n\n\n\nNet Margin\n\n\n\n \n\n\n\n10.9%\n\n\n\n\n \n\n\n\nup 10 bps\n\n\n\n\nup 420 bps\n\n\n\n\n\nEPS - Diluted\n\n\n\n \n\n\n\n$0.24\n\n\n\n\n \n\n\n\ndown 4%\n\n\n\n\nup 71.4%\n\n\n\n\n\n\n\n\n\n\n\n \n\n\nA reconciliation of the GAAP and non-GAAP adjusted results is pro...