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Sep 28, 2024
Kulicke and Soffa Q4 2024 Earnings Report
Reported fourth quarter results with net revenue of $181.3 million and EPS of $0.22.
Key Takeaways
Kulicke & Soffa reported fourth quarter net revenue of $181.3 million, net income of $12.1 million, representing EPS of $0.22 per fully diluted shares, and non-GAAP net income of $18.5 million, representing non-GAAP EPS of $0.34 per fully diluted share.
Net revenue for the fourth quarter was $181.3 million.
Net income for the fourth quarter was $12.1 million, resulting in EPS of $0.22.
Non-GAAP net income for the fourth quarter was $18.5 million, with a non-GAAP EPS of $0.34.
The company repurchased 1.0 million shares of common stock at a cost of $42.7 million during the quarter.
Kulicke and Soffa
Kulicke and Soffa
Forward Guidance
The Company currently expects net revenue in the first fiscal quarter of 2025, ending December 28, 2024, to be approximately $165.0 million, +/- $10 million, GAAP diluted EPS to be approximately $1.45 +/- 10%, and non-GAAP diluted EPS to be approximately $0.28, +/- 10%.
Positive Outlook
- Net revenue is expected to be approximately $165.0 million, +/- $10 million.
- GAAP diluted EPS is expected to be approximately $1.45 +/- 10%.
- Non-GAAP diluted EPS is expected to be approximately $0.28, +/- 10%.
- Guidance includes favorable claim/proceeds relating to cessation of business due to the cancellation of Project W.
- Based on approximately 54.2 million diluted weighted average shares outstanding.
Challenges Ahead
- The guidance does not incorporate the impact of any potential business combinations.
- The guidance does not incorporate the impact of any potential divestitures.
- The guidance does not incorporate the impact of any potential restructuring activities.
- The guidance does not incorporate the impact of any potential strategic investments.
- The guidance does not incorporate the impact of any other significant transactions.