KULICKE AND SOFFA INDUSTRIES Reports Fourth Quarter FY2023 Earnings Results
November 27, 2023
🌥️Earnings Overview
On November 15, 2023, KULICKE AND SOFFA INDUSTRIES ($NASDAQ:KLIC) reported their earnings results for the fourth quarter of Fiscal Year 2023, which ended on September 30, 2023. The company’s total revenue for the quarter was USD 202.3 million, a decrease of 29.3% when compared to the same quarter in the previous fiscal year. Additionally, net income declined by 64.0% to total USD 23.4 million.
Market Price
The company’s stock opened at $46.9 and closed at $46.8 on the same day, with no significant change in the stock value. The company’s products are used in the production of semiconductor devices for the consumer electronics, computing, automotive, industrial, and communications markets. KULICKE AND SOFFA INDUSTRIES is focused on providing innovative solutions to their customers and helping them maximize productivity and efficiency. The company is committed to delivering exceptional quality products and services that exceed customer expectations. The company’s strong performance in the quarter is indicative of their ability to manage their business effectively and maintain a healthy balance sheet. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for KLIC. More…
| Total Revenues | Net Income | Net Margin |
| 742.49 | 57.15 | 10.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for KLIC. More…
| Operations | Investing | Financing |
| 173.4 | -91.34 | -111.88 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for KLIC. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.5k | 325.22 | 20.8 |
Key Ratios Snapshot
Some of the financial key ratios for KLIC are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 6.0% | 1.4% | 9.7% |
| FCF Margin | ROE | ROA |
| 17.4% | 3.9% | 3.0% |
Analysis
GoodWhale has conducted an analysis of KULICKE AND SOFFA INDUSTRIES’s wellbeing and according to our Star Chart, KULICKE AND SOFFA INDUSTRIES is classified as a ‘cow’, a type of company we conclude that has the track record of paying out consistent and sustainable dividends. This makes it an attractive stock for value investors, those who are interested in long-term dividend payments, or those who are looking for a safe portfolio addition. KULICKE AND SOFFA INDUSTRIES has a high health score of 10/10 considering its cashflows and debt, which means that the company is capable to safely ride out any crisis without the risk of bankruptcy. We have identified that the company is strong in asset, dividend, profitability, and weak in growth. This makes KULICKE AND SOFFA INDUSTRIES a good option for conservative investors who are looking for a steady return from their investments. More…
Peers
Its competitors are Ultra Clean Holdings Inc, ASM International NV, Amtech Systems Inc.
– Ultra Clean Holdings Inc ($NASDAQ:UCTT)
Ultra Clean Holdings Inc is a leading provider of critical sub-systems and components for the semiconductor and display capital equipment industries. The company has a market cap of 1.59B as of 2022 and a Return on Equity of 10.0%. The company’s products are used in the fabrication of semiconductor chips and flat panel displays.
– ASM International NV ($OTCPK:ASMIY)
ASM International NV is a global company that provides materials science solutions. It has a market cap of 13.16B as of 2022 and a return on equity of 19.23%. The company offers products and services for semiconductor and other advanced materials industries. Its products include equipment, services, and software. The company serves customers in more than 60 countries worldwide.
– Amtech Systems Inc ($NASDAQ:ASYS)
Amtech Systems Inc is a global leader in the design and manufacture of solar power systems. They provide turnkey solutions for the solar power industry, including the design, engineering, and manufacturing of solar power equipment. Their products are used in a variety of applications, including residential, commercial, and industrial solar power systems. Amtech’s mission is to provide renewable energy solutions that improve the quality of life for people around the world.
Summary
Investors should take note of Kulicke and Soffa Industries’ fourth quarter of FY2023 earnings report, which was released on November 15 2023. Despite the downturn in the global economy, the company managed to generate total revenue of USD 202.3 million, a decrease of 29.3% year-on-year. Net income was also lower by 64.0%, resulting in a total of USD 23.4 million.
This is below the expectations of many investors, and suggests that the company has not been able to weather the market challenges as well as its competitors have. Moving forward, investors should closely monitor Kulicke and Soffa Industries’ performance to ensure it can remain profitable in a volatile economic climate.
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