Kulicke & Soffa Industries, Inc. (NASDAQ: KLIC) (“K&S” or the “Company”) today announced results for its third fiscal quarter ended June 30, 2012.
|Fiscal Q3 2012||Change vs. Fiscal Q3 2011||Change vs. Fiscal Q2 2012|
|Net Revenue||$255.5 million||-13.2%||74.6%|
|Gross Profit||$122.4 million||-8.7%||83.6%|
|Gross Margin||47.9%||240 bps||230 bps|
|Income from Operations||$76.3 million||-6.6%||276.8%|
|Operating Margin||29.9%||220 bps||1,610 bps|
|Net Income||$68.2 million||-3.6%||310.3%|
|Net Margin||26.7%||270 bps||1,530 bps|
|EPS – Diluted||$0.90||-5.3%||309.1%|
Bruno Guilmart, Kulicke & Soffa’s President and Chief Executive Officer, said, “Results for the quarter were above the high end of our prior guidance, driven by our market leading copper position, as well as strong market demand for our AT Premier solution. The key themes to our continued success include our multi-segment leadership, flexible manufacturing strategy, R&D strength and our now debt-free balance sheet. This holistic strategy has enhanced both our margin profile and cash flow generation.”
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