Cohu's most recent investor Presentation has updated their Mid term targets.
cohu.gcs-web.com
Aiming for 1 billion in sales and 25% EBITDA, an increase. Now aiming for 4.00 a share and 180 million in free cash flow.
Debt modestly reduced and by the time Q2 is reported cash less debt will be very close to 300 million.
Cohu has preannounced increased guidance:
Cohu Provides Business Update for the Second Quarter Ending June 25, 2022
POWAY, Calif.--(BUSINESS WIRE)--Jul. 11, 2022-- Cohu, Inc. (NASDAQ: COHU), a global leader in back-end semiconductor equipment and services, today provided a business update to its fiscal second quarter 2022 guidance:
Expect second quarter revenue of $216 to $218 million, higher than the guidance range mid-point of $213 million; second quarter recurring revenue is expected to be approximately 39%Second quarter ending backlog is expected to be approximately $342 million, substantially shipping over the next three quartersGross margin is expected to be in-line with second quarter non-GAAP guidanceRepurchased 504,102 shares totaling approximately $14 million during the second quarterRepaid approximately $16 million of term loan B debt reducing the second quarter outstanding balance to approximately $79 millionExpect second quarter ending cash balance to be approximately $368 millionCohu will provide detailed comments on second quarter results and third quarter guidance during its earnings call on Thursday, July 28, 2022.
Bob |
