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Dec 31, 2024
Veeco Q4 2024 Earnings Report
Veeco reported a slight increase in revenue and a decrease in net income and EPS for the fourth quarter of 2024 compared to the same period last year.
Key Takeaways
Veeco Instruments Inc. announced its financial results for the fourth quarter and fiscal year ended December 31, 2024. The company reported a revenue of $182.1 million for Q4 2024, a slight increase from $173.9 million in Q4 2023. However, GAAP net income decreased to $15.0 million from $21.6 million in the prior year's quarter, and GAAP diluted EPS also saw a decline to $0.26 from $0.37.
Q4 2024 revenue increased to $182.1 million from $173.9 million in Q4 2023.
GAAP net income for Q4 2024 was $15.0 million, down from $21.6 million in Q4 2023.
GAAP diluted EPS for Q4 2024 was $0.26, a decrease from $0.37 in Q4 2023.
Non-GAAP net income for Q4 2024 was $24.2 million, down from $29.8 million in Q4 2023.
Forward Guidance
For the first quarter of 2025, Veeco expects revenue to be between $155 million and $175 million, GAAP diluted EPS between $0.11 and $0.22, and Non-GAAP diluted EPS between $0.26 and $0.36.
Positive Outlook
- Anticipated revenue range of $155 million to $175 million for Q1 2025.
- Non-GAAP diluted EPS expected to be between $0.26 and $0.36 for Q1 2025.
- Non-GAAP operating income projected to be between $18 million and $25 million for Q1 2025.
- Non-GAAP gross profit expected to be between $65 million and $74 million for Q1 2025.
- Non-GAAP gross margin projected to be 42% for Q1 2025.
Challenges Ahead
- GAAP diluted EPS expected to be lower, between $0.11 and $0.22 for Q1 2025.
- GAAP operating income projected to be lower, between $7 million and $14 million for Q1 2025.
- GAAP gross profit expected to be lower, between $63 million and $72 million for Q1 2025.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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