Tito and all,
KLIC earnings and projections are below. Although not in the
same business as AMAT, this validates that the demand for
equipment is strong and different from the gloom and doom scenario
mostly posted.
N E W S For Immediate Release
Company Contact:
Jim Chiafery 215-784-6436
Kulicke & Soffa Reports Fiscal Year 1997 Results
Willow Grove, PA, November 14, 1997 - Kulicke & Soffa Industries, Inc.
(NASDAQ: KLIC) announced Friday the results of its fiscal year ended September
30, 1997.
Sales for the year were $501, 907,000 up 32% compared to sales of $381,176,000
in fiscal 1996. Net income was $38,319,000 or $1.78 per share compared to
$11,847,000 or 60 cents per share for the same period last year.
Sales for the fourth fiscal quarter were $152,192,000, up 147% compared to
$61,701,000 in the September quarter of fiscal 1996. Net income for the September
1997 quarter was $15,069,000 or 63 cents per share compared to a net loss of
($12,707,000) or (65) cents per share for the September 1996 quarter, which
included approximately $7,000,000 of costs related to resizing the Company.
Bookings for fiscal 1997 were $550,000,000 including $155,000,000 in the
September quarter; and ending backlog was $118,000,000, all of which are new
company records.
"We are pleased by the dramatic ramp in quarterly sales we experienced through all of
fiscal 1997, and the market share gains we believe we have made," said C. Scott
Kulicke, chairman and chief executive officer of K&S. "We see underlying demand for
assembly equipment continuing strong as we begin our fiscal 1998. As we previously
announced, we anticipate that our December quarter sales and earnings will be lower
than our September quarter, as a result of both our customers assimilating the record
deliveries of FY 1997 as well as the longer than anticipated transition to our new
platform of wire bonders. However, we expect that the remaining quarters of the fiscal
year will be stronger, and our goal for fiscal 1998 is to deliver continued record
results."
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 upward and downward volatility in the demand for semiconductors and
for the Company's products and services; the risk of order cancellations; the risk of
delays in introduction and customer qualification of new products and services; the
Company's ability to manufacture and ship its products on a timely basis; the risks
associated with a substantial foreign customer base; and the risks associated with
instability in foreign capital markets and foreign currency fluctuations. 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 . |
