[PART I - FINANCIAL INFORMATION](index=4&type=section&id=PART%20I%20-%20FINANCIAL%20INFORMATION) [Item 1. Financial Statements (Unaudited)](index=4&type=section&id=Item%201.%20FINANCIAL%20STATEMENTS%20(Unaudited)) This section presents the unaudited consolidated condensed financial statements for Q1 FY2020, including balance sheets, operations, cash flows, and explanatory notes [Consolidated Condensed Balance Sheets](index=4&type=section&id=Consolidated%20Condensed%20Balance%20Sheets) Total assets increased to **$1.118 billion** driven by cash, while liabilities rose to **$342.4 million** due to debt and leases Consolidated Condensed Balance Sheet Highlights (in thousands) | Balance Sheet Item | Dec 28, 2019 | Sep 28, 2019 | | :--- | :--- | :--- | | **Assets** | | | | Cash and cash equivalents | $497,374 | $364,184 | | Short-term investments | $119,000 | $229,000 | | Total current assets | $926,607 | $893,751 | | Total Assets | $1,118,082 | $1,079,616 | | **Liabilities & Equity** | | | | Short term debt | $75,967 | $60,904 | | Total current liabilities | $202,203 | $174,642 | | Total Liabilities | $342,429 | $310,553 | | Total Shareholders' Equity | $775,653 | $769,063 | [Consolidated Condensed Statements of Operations](index=6&type=section&id=Consolidated%20Condensed%20Statements%20of%20Operations) Net revenue decreased to **$144.3 million**, but net income rose to **$13.5 million** due to lower income taxes Statement of Operations Summary (in thousands, except per share data) | Metric | Three months ended Dec 28, 2019 | Three months ended Dec 29, 2018 | | :--- | :--- | :--- | | Net revenue | $144,297 | $157,208 | | Gross profit | $70,364 | $74,799 | | Income from operations | $13,414 | $14,555 | | Provision for income taxes | $2,133 | $10,570 | | Net income | $13,477 | $7,517 | | Diluted EPS | $0.21 | $0.11 | [Consolidated Condensed Statements of Cash Flows](index=9&type=section&id=Consolidated%20Condensed%20Statements%20of%20Cash%20Flows) Operating cash flow decreased to **$25.0 million**, while investing cash flow significantly shifted to a **$106.5 million** inflow Cash Flow Summary (in thousands) | Cash Flow Activity | Three months ended Dec 28, 2019 | Three months ended Dec 29, 2018 | | :--- | :--- | :--- | | Net cash provided by operating activities | $25,028 | $56,001 | | Net cash provided by/(used in) investing activities | $106,487 | $(65,273) | | Net cash provided by/(used in) financing activities | $2,152 | $(33,916) | | Change in cash, cash equivalents and restricted cash | $133,190 | $(43,206) | | Cash, cash equivalents and restricted cash at end of period | $497,374 | $277,942 | [Notes to Consolidated Condensed Financial Statements](index=10&type=section&id=Notes%20to%20Consolidated%20Condensed%20Financial%20Statements) Detailed notes cover accounting policies, balance sheet components, goodwill, segment data, income taxes, and equity activities - Business highly volatile, dependent on semiconductor capital expenditures, impacting operating results[28](index=28&type=chunk) - New lease standard (ASC 842) adoption recognized **$23.8 million** in operating lease liabilities and **$22.2 million** in right-of-use assets[70](index=70&type=chunk) Goodwill by Reporting Segment (in thousands) | Segment | Dec 28, 2019 | Sep 28, 2019 | | :--- | :--- | :--- | | Capital Equipment | $29,640 | $29,480 | | APS | $26,355 | $26,211 | | **Total goodwill** | **$55,995** | **$55,691** | Net Revenue by Segment (in thousands) | Segment | Three months ended Dec 28, 2019 | Three months ended Dec 29, 2018 | | :--- | :--- | :--- | | Capital Equipment | $102,324 | $115,938 | | APS | $41,973 | $41,270 | | **Total Net Revenue** | **$144,297** | **$157,208** | - Significant customer concentration, with three customers each representing over **10% of accounts receivable** as of December 28, 2019[154](index=154&type=chunk) [Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations](index=35&type=section&id=Item%202.%20MANAGEMENT'S%20DISCUSSION%20AND%20ANALYSIS%20OF%20FINANCIAL%20CONDITION%20AND%20RESULTS%20OF%20OPERATIONS) Management discusses Q1 FY2020 results, noting an **8.2% revenue decrease** to **$144.3 million** but improved gross margin and strong liquidity [Results of Operations](index=37&type=section&id=Results%20of%20Operations) Net revenue declined **8.2%** to **$144.3 million** due to Capital Equipment, while gross margin improved to **48.8%** Results of Operations Summary (in thousands) | Metric | Three months ended Dec 28, 2019 | Three months ended Dec 29, 2018 | $ Change | % Change | | :--- | :--- | :--- | :--- | :--- | | Net revenue | $144,297 | $157,208 | $(12,911) | (8.2)% | | Gross profit | $70,364 | $74,799 | $(4,435) | (5.9)% | | Operating expenses | $56,950 | $60,244 | $(3,294) | (5.5)% | | Income from operations | $13,414 | $14,555 | $(1,141) | (7.8)% | - Revenue from China significantly increased, comprising **50.3% of total net revenue** for the quarter[186](index=186&type=chunk) - Capital Equipment revenue decreased due to lower sales volume from reduced market demand and unfavorable product mix[189](index=189&type=chunk) [Liquidity and Capital Resources](index=41&type=section&id=Liquidity%20and%20Capital%20Resources) Liquidity remains strong with **$616.4 million** in cash and investments, supported by **$25.0 million** in operating cash flow - Repurchased **0.2 million shares** for **$5.4 million**, with **$91.8 million** remaining authorized for repurchase[215](index=215&type=chunk) - Quarterly dividend of **$0.12 per share** declared, totaling **$7.6 million** in payments during the quarter[216](index=216&type=chunk) Contractual Obligations Summary (in thousands) | Obligation | Total | Less than 1 year | 1 - 3 years | 3 - 5 years | More than 5 years | | :--- | :--- | :--- | :--- | :--- | :--- | | Inventory purchase obligations | $115,841 | $115,841 | $— | $— | $— | | U.S. one-time transition tax payable | $72,401 | $5,175 | $12,213 | $18,607 | $36,406 | | Asset retirement obligations | $1,663 | $126 | $322 | $1,087 | $128 | - Overdraft facility of up to **$150.0 million** available, with **$76.0 million** outstanding as of December 28, 2019[222](index=222&type=chunk) [Item 3. Quantitative and Qualitative Disclosures About Market Risk](index=44&type=section&id=Item%203.%20QUANTITATIVE%20AND%20QUALITATIVE%20DISCLOSURES%20ABOUT%20MARKET%20RISK) Company faces market risks from interest rates and foreign currency, actively managing FX risk with forward contracts to mitigate impact - International operations expose the company to foreign currency risk, with a **10% fluctuation** potentially impacting results by **$2.0 to $3.0 million**[227](index=227&type=chunk) - Foreign exchange forward contracts with a notional amount of **$29.9 million** are used to mitigate foreign currency risk[228](index=228&type=chunk) [Item 4. Controls and Procedures](index=45&type=section&id=Item%204.%20CONTROLS%20AND%20PROCEDURES) Management concluded disclosure controls and procedures were effective as of December 28, 2019, with no material changes - CEO and CFO affirmed effective disclosure controls and procedures as of December 28, 2019, ensuring timely and accurate reporting[229](index=229&type=chunk) [PART II - OTHER INFORMATION](index=46&type=section&id=PART%20II%20-%20OTHER%20INFORMATION) [Item 1A. Risk Factors](index=46&type=section&id=Item%201A.%20RISK%20FACTORS) No material changes to risk factors previously disclosed in the 2019 Annual Report on Form 10-K were reported - No material changes to risk factors from the 2019 Annual Report on Form 10-K were identified[233](index=233&type=chunk) [Item 2. Unregistered Sales of Equity Securities and Use of Proceeds](index=46&type=section&id=Item%202.%20UNREGISTERED%20SALES%20OF%20EQUITY%20SECURITIES%20AND%20USE%20OF%20PROCEEDS) Details on stock repurchase activity, with **224,000 shares** repurchased and **$91.8 million** remaining for future repurchases Common Stock Repurchases (in millions, except share data) | Period | Total Shares Purchased (thousands) | Average Price Paid Per Share | Approximate Dollar Value of Shares Remaining for Purchase | | :--- | :--- | :--- | :--- | | Sep 29 - Oct 26, 2019 | 111 | $23.23 | $94.6 | | Oct 27 - Nov 30, 2019 | 77 | $24.26 | $92.7 | | Dec 1 - Dec 28, 2019 | 36 | $25.59 | $91.8 | | **Total for Quarter** | **224** | **N/A** | **$91.8** | [Item 6. Exhibits](index=47&type=section&id=Item%206.%20EXHIBITS) Lists exhibits filed with Form 10-Q, including CEO/CFO certifications and Interactive Data Files (XBRL) - Filed exhibits include CEO and CFO certifications (Exhibits 31.1, 31.2, 32.1, 32.2) and Inline XBRL documents[236](index=236&type=chunk)

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Q1 2020 Results Earnings Conference Call January 30, 2020 8:00 AM ET Company Participants Joseph Elgindy - Director, IR & Strategic Planning Fusen Chen - President and Chief Executive Officer Lester Wong - CFO, General Counsel and Senior Vice President, Legal Affairs Conference Call Participants Tom Diffely - D.A. Davidson Krish Sankar - Cowen & Company David Duley - Steelhead Securities Peter Peng - B. Riley Christian Schwab - Craig-Hallum Operator Greetings ...

NASDAQ: KLIC A WORLD OF OPPORTUNITY Quarterly Update December 2019 | --- | --- | |--------------------------------------------------- ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended September 28, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File No. 0-121 KULICKE AND SOFFA INDUSTRIES, INC. (Exact name of registrant as specified in its charter) Pennsylvania 23-1498399 (State or other jurisdiction ...

Call Start: 18:00 January 1, 0000 6:38 PM ET Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Q4 2019 Earnings Conference Call November 14, 2019, 18:00 ET Company Participants Joseph Elgindy - Director, IR & Strategic Planning Fusen Chen - President, CEO & Director Lester Wong - CFO & General Counsel Conference Call Participants Thomas Diffely - D.A. Davidson & Co. Craig Ellis - B. Riley FBR, Inc. David Duley - Steelhead Securities Christian Schwab - Craig-Hallum Capital Group Robert Mertens - Cowen and Com ...

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Indicate by check mark whether the registrant has submitted electronically every Interactive Data File requ ...

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Q3 2019 Earnings Conference Call August 1, 2019 6:00 PM ET Company Participants Joseph Elgindy - Director, IR & Strategic Planning Fusen Chen - President, CEO & Director Lester Wong - SVP, Legal Affairs, General Counsel & CFO Conference Call Participants Christian Schwab - Craig-Hallum Capital Group Krish Sankar - Cowen and Company Thomas Diffely - D.A. Davidson & Co. Craig Ellis - B. Riley FBR, Inc. (Prepared remarks provided to Seeking Alpha by the company. ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 30, 2019 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File No. 0-121 KULICKE AND SOFFA INDUSTRIES, INC. (Exact name of registrant as specified in its charter) PENNSYLVANIA 23-1498399 (State or other jurisdicti ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 29, 2018 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to . Commission File No. 0-121 KULICKE AND SOFFA INDUSTRIES, INC. (Exact name of registrant as specified in its charter) PENNSYLVANIA 23-1498399 (State or other jurisdict ...