Kulicke & Soffa Reports Second Quarter 2014 Results

Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC) (“Kulicke & Soffa”, “K&S” or the “Company”) today announced results for its second fiscal quarter ended March 29, 2014.
 
Quarterly Results
     

Fiscal Q2 2014
    Change vs.

Fiscal Q2 2013
    Change vs.

Fiscal Q1 2014
Net Revenue     $114.2 million     7.6%     44.4%
Gross Profit     $57.7 million     18.1%     50.3%
Gross Margin     50.5%     450 bps     200 bps
Income from Operations $10.1 million 23.5% (557.9)%
Operating Margin     8.9%     113 bps     1,164 bps
Net Income $9.1 million 23.6% (563.5)%
Net Margin     7.9%     103 bps     1,041 bps
EPS – Diluted     $0.12     20.0%     (500.0)%
 

Bruno Guilmart, Kulicke & Soffa's President and Chief Executive Officer, said, "Revenue in our second fiscal quarter was in the mid-range of our guidance and represented a 44% sequential increase. Our ability to generate strong gross margins was due, in part, to the strong contributions from wedge bonding, stud bumping, tools, and our service solutions, and the positive impact of our flexible manufacturing model. In addition, efforts in advanced packaging continue to produce outstanding results as the development team continues to innovate and produce deliverables against an aggressive road map."

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