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TheStreet Open House

Kulicke & Soffa Reports Fourth Quarter And Fiscal Year 2012 Results

Kulicke & Soffa Industries, Inc. (NASDAQ: KLIC) (“K&S” or the Company”) today announced results for its fourth quarter and fiscal year ended September 29, 2012.

Quarterly Results
    Change vs.   Change vs.
    Fiscal Q4 2012   Fiscal Q4 2011   Fiscal Q3 2012
Net Revenue   $269.2 million   49.2%   5.3%
Gross Profit $123.0 million 48.6% 0.4%
Gross Margin   45.7%   (20) bps   (220) bps
Income from Operations $70.3 million 210.0% (7.8%)
Operating Margin   26.1%   1,350 bps   (380) bps
Net Income $67.3 million 3,418.9% (1.3%)
Net Margin   25.0%   2,390 bps   (170) bps
EPS – Diluted   $0.89   2,866.7%   (1.1%)
 

Bruno Guilmart, Kulicke & Soffa’s President and Chief Executive Officer, said, “The fourth quarter ended a very strong year for K&S with results at the high-end of our guidance. We are succeeding in a challenging market due to our multi-segment leadership, flexible manufacturing strategy, R&D strength, free cash flow generation and our improving, debt-free balance sheet. We were able to achieve record annual net income of $160.6 million due to the operating leverage we have created in our business combined with a favorable product mix.”

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