Kulicke & Soffa (KLIC) 19 7/8: Semi equipment maker reports diluted earnings of $0.29 a share, a full 8 cents above expectations, and up from year ago $0.02 a share, on revenue gain of 50.4%...
This should be good for ESI since the AISI aquisition ws recently questioned based on their huge sales to KLIC. In fact, KLIC also reported a very strong backlog and no warning that I have seen.
I really don't know why ESI is trading like it is. It seems like a good value here. Must be general malaise. KLIC is also trading down.
I find it interesting, for no special reason, that the CEO of ESI was previously CEO at KLIC.
Regards,
Mark
Company Press Release
Kulicke & Soffa Reports First Quarter 1998 Results
WILLOW GROVE, Pa.--(BUSINESS WIRE)--Jan. 22, 1998--Kulicke & Soffa Industries Inc. (NASDAQ: KLIC - news) announced Thursday the results of the first quarter of fiscal 1998, ended Dec. 31, 1997.
Sales for the quarter were $123,111,000, with net income of $6,824,000 or 29 cents per share, compared to sales of $81,844,000 and net income of $419,000 or 2 cents per share in the comparable period of fiscal 1997. Ending backlog was $131,000,000, compared to backlog of $93,000,000 at the end of Q1 FY 97 and $118,000,000 at the beginning of the December quarter.
''In spite of the ongoing financial turmoil in Asia, Kulicke & Soffa's business, as represented by new bookings of $136,000,000 in the December quarter, seems intact over the near term,'' said C. Scott Kulicke, chairman and chief executive officer of K&S.
''Continued semiconductor unit growth, coupled with tight expense control and with our ongoing transition to the higher margin 8000 family of wire bonders (which already accounted for approximately 20% of wire bonder revenues in the quarter) should allow us to protect our profitability in the near term.''
Certain matters discussed in this news release, including operating and financial results in fiscal 1998, are forward-looking statements that are subject to risks and uncertainties that could cause actual results to materially differ, either better or worse, from those projected.
Such risks and uncertainties include, but are not limited to, the following: the risks associated with a substantial foreign customer base; and the risks associated with instability in foreign capital markets and foreign currency fluctuations; the upward and downward volatility in the demand for semiconductors and for the company's products and services; the risk of order postponements or cancellations; the risk of delays in introduction and customer qualification of new products and services; and the company's ability to manufacture and ship its products on a timely basis.
Further discussions of risk factors are also available in the company's most recent SEC filings.
Kulicke & Soffa serves the integrated circuit assembly market with a product line that includes wire bonding, die bonding, wafer dicing and factory automation equipment, as well as packaging materials, including bonding wire, capillaries, wedges, die collets and saw blades, and has sales and service facilities worldwide. The company's web site address is www.kns.com . |
