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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.
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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