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TheStreet Open House

Kulicke & Soffa Reports Third Quarter Fiscal 2012 Results

Stocks in this article: KLIC

Kulicke & Soffa Industries, Inc. (NASDAQ: KLIC) (“K&S” or the Company”) today announced results for its third fiscal quarter ended June 30, 2012.

 
Quarterly Results
   

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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