This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

KLA-Tencor Management Discusses Q4 2012 Results - Earnings Call Transcript

Stocks in this article: KLAC

Finally, cash flow from operations was $273 million in Q4. We were active in returning value to stockholders, repurchasing 1.35 million shares in the quarter for $67 million and of course, paying our regular quarterly dividend. Also, as we announced on July 10, our Board of Directors has authorized an increase in the level of the company's quarterly dividend of $0.40 per share. This is the fourth increase in the quarterly dividend level since it was first instituted in 2005 and reflects our confidence in the long-term outlook for the company.

KLA-Tencor's strong performance in Q4 and for fiscal year 2012 showcases the company's market technology and business model leadership in an industry CapEx environment, driven by mobility market growth and featuring high levels of investment and leading-edge foundry and logic. Against this industry backdrop, KLA-Tencor is successfully executing our long-term strategic objectives and delivering industry-leading performance in terms of growth, profitability and stockholder returns.

Of course, the major factor in our success continues to be strong collaboration with customers and business partners and the great execution of our worldwide workforce. And I'd like to take this opportunity to thank each of our employees for their contributions in helping KLA-Tencor excel in this environment and in shaping our future success.

Now for some additional perspective on the near-term demand picture. As we noted at SEMICON West, the industry demand outlook for the rest of calendar year 2012 has backed off recently due to a combination of weaker memory forecast and some softening in near-term foundry demand. As a result, industry observers are now expecting full-year industry CapEx to be down in the range of 10% to 15% in 2012. However, looking past this current pause, we believe the factors which are helping sustain the high levels of CapEx investment seen in this cycle remain in play. With mobility markets fueling growth for the market leaders in memory, foundry and logic and in an increasingly more complex leading-edge technology and manufacturing environment.

Read the rest of this transcript for free on

3 of 3

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,341.36 +272.49 1.60%
S&P 500 2,000.83 +28.09 1.42%
NASDAQ 4,617.6680 +69.8340 1.54%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs