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Kulicke & Soffa Reports First Quarter 2025 Results
SINGAPORE, Feb. 4, 2025 /PRNewswire/ -- Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC) ("Kulicke & Soffa," "K&S," "our," or the "Company"), today announced
About this update from Kulicke And Soffa Industries, Inc.
[{"type":"text","content":"SINGAPORE, Feb. 4, 2025 /PRNewswire/ -- Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC) (\"Kulicke & Soffa,\" \"K&S,\" \"our,\" or the \"Company\"), today announced financial results of its first fiscal quarter ended December 28, 2024. The Company reported first quarter net revenue of $166.1 million, net income of $81.6 million, representing EPS of $1.51 per fully diluted share, and non-GAAP net income of $20.2 million, representing non-GAAP EPS of $0.37 per fully diluted share.\n\nQuarterly Results - U.S. GAAP\nFiscal Q1 2025\nChange vs. \nFiscal Q1 2024\nChange vs. \nFiscal Q4 2024\nNet Revenue\n$166.1 million\ndown 3%\ndown 8.4%\nGross Margin\n52.4 %\nup 570 bps\nup 410 bps\nIncome from Operations\n$86.6 million\nup 5018.1%\nup 3122.4%\nOperating Margin\n52.2 %\nup 5120 bps\nup 5070 bps\nNet Income\n$81.6 million\nup 778.5%\nup 573.8%\nNet Margin\n49.1 %\nup 4370 bps\nup 4240 bps\nEPS – Diluted\n$1.51\nup 843.8%\nup 586.4%\n \nQuarterly Results - Non-GAAP\nFiscal Q1 2025\nChange vs. \nFiscal Q1 2024\nChange vs. \nFiscal Q4 2024\nIncome from Operations\n$18.9 million\nup 73.2%\nup 48.8%\nOperating Margin\n11.4 %\nup 500 bps\nup 440 bps\nNet Income\n$20.2 million\nup 19.1%\nup 9.2%\nNet Margin\n12.2 %\nup 230 bps\nup 200 bps\nEPS – Diluted\n$0.37\nup 23.3%\nup 8.8%\nA reconciliation between the GAAP and non-GAAP adjusted results is provided in the financial tables included at the end of this press release. See also the \"Use of non-GAAP Financial Results\" section of this press release.\n \nFusen Chen, Kulicke & Soffa's President and Chief Executive Officer, stated, \"As we anticipate core-market demand to gradually improve, we remain focused on delivering new systems and features within the Ball, Wedge, and Advanced Solutions segments. Over the coming quarters, we also expect ongoing market adoption of our unique Fluxless Thermo-Compression (FTC), Vertical Fan-Out (VFO), and emerging battery assembly solutions.\"\nNext-generation memory and logic applications, driven by artificial intelligence, cloud computing and connected devices, are demanding new forms of semiconductor packaging. The Company's leading advanced packaging solutions - including FTC and VFO - are well positioned to directly support these emerging industry requirements over the long-term.\nFirst Quarter Fiscal 2025 Financial Highlights\nNet revenue of $166.1 ...