Financial Data and Key Metrics Changes - For fiscal year 2021, the company recognized revenue of $1.52 billion, generating non-GAAP net income of $390 million and free cash flow of over $275 million [30] - In the September quarter, revenue reached $485.3 million, up nearly 15% from the previous record revenue in the June quarter [30] - Gross margins were strong at 47.7%, attributed to a higher mix of advanced facility systems [31] - Non-GAAP operating margin for the September quarter was 33% [32] - Non-GAAP net income for the September quarter was $138.3 million, translating to $2.17 of non-GAAP EPS [34] Business Line Data and Key Metrics Changes - Capital equipment revenue increased by over 16% sequentially to $431 million, driven by strength in the general semiconductor market and advanced LED programs [12] - Revenue from advanced LED solutions exceeded $80 million for fiscal 2021, with significant contributions in the September quarter [18] - Memory revenue grew by over 90% sequentially to $36.9 million in the September quarter, supported by strong demand for NAND assembly solutions [25] Market Data and Key Metrics Changes - The automotive and industrial demand remains strong, with expectations for semiconductor growth in automotive to significantly exceed historical rates [22] - The company anticipates that wafer capacity will improve at a faster rate beginning in the second half of 2022, easing current supply constraints [11][41] - The backlog stood at $787 million, with lead times reduced to about 6 to 7 months, indicating strong future visibility [45][48] Company Strategy and Development Direction - The company is focused on long-term trends such as 5G, electric vehicles, and advanced displays, which are expected to drive structural improvements and sustainable cash flow generation [6] - The company aims to enhance its market position through new product introductions and increased customer engagement, particularly in the automotive and advanced display markets [27][42] - The company is committed to maintaining a competitive dividend and has increased its share repurchase program to take advantage of market misperceptions [36][37] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism for fiscal 2022, expecting revenue to be comparable to fiscal 2021, with potential upside in memory and automotive segments [60] - The company anticipates ongoing supply chain challenges but expects improvements in wafer starts to support above-average semiconductor growth through fiscal 2023 [41][60] - Management highlighted the importance of customer relationships and past investments in driving future growth opportunities [26][27] Other Important Information - The company has made organizational refinements to enhance value creation and continues to have a funnel of new opportunities [28] - The company expects gross margins to remain strong at approximately 47% in the December quarter, supported by manufacturing efficiency and higher-margin products [39] Q&A Session Summary Question: What is the composition of the backlog? - The backlog remains strong, with a similar composition to the fourth quarter, including strong sales of higher-margin RAPID products and advanced displays [46][47] Question: How does the December quarter outlook compare to typical seasonality? - The December quarter outlook reflects strong demand, with expectations of only a slight sequential decline, indicating continued robust demand [50][51] Question: What is the engagement with customers for EV battery assembly? - The company engages with both battery makers and OEMs, expanding its product portfolio to include both cylindrical and prismatic solutions [52][53] Question: What is the expected revenue for fiscal 2022? - Revenue for fiscal 2022 is expected to be comparable to fiscal 2021, with potential upside in memory and automotive segments [60][61] Question: How far along is the gross margin optimization program? - The company is approximately one-third to halfway through its gross margin optimization journey, with ongoing efforts to maximize manufacturing efficiency and product mix [67] Question: What is the potential for thermal compression bonding technology? - The company believes that fluxless TCB will cover a larger market compared to hybrid bonding, with initial customer feedback being very positive [106][110]

Financial Performance - Net revenue for fiscal 2021 reached $1,517,664, an increase of 143.5% compared to $623,176 in fiscal 2020[176] - Gross profit for fiscal 2021 was $696,986, reflecting a 133.9% increase from $297,975 in fiscal 2020[176] - Income from operations surged to $412,447 in fiscal 2021, a remarkable increase of 604.9% from $58,509 in fiscal 2020[176] - Net income for fiscal 2021 was $367.2 million, a substantial increase from $52.3 million in fiscal 2020, resulting in a net income per share of $5.92[243] - The company’s comprehensive income for fiscal 2021 was $366.7 million, compared to $59.7 million in fiscal 2020, reflecting overall financial health[245] Revenue and Growth - Bookings for fiscal 2021 reached $2,176,981 thousand, a significant increase of 236.5% compared to $646,389 thousand in fiscal 2020[178] - Backlog as of October 2, 2021, was $787,241 thousand, up from $127,924 thousand as of October 3, 2020, indicating strong future demand[178] - Future revenue growth is expected to be influenced by ongoing research and development efforts and the identification of new growth opportunities[155] - The company anticipates continued growth in the semiconductor industry and related markets, driven by increasing demand for advanced packaging and electronic assembly equipment[155] Expenses and Costs - Cost of sales increased by 152.4% to $820,678 in fiscal 2021 from $325,201 in fiscal 2020[176] - Selling, general and administrative expenses rose by 26.8% to $147,061 in fiscal 2021 compared to $116,007 in fiscal 2020[176] - Research and development expenses increased by 11.4% to $137,478 in fiscal 2021 from $123,459 in fiscal 2020[176] - Operating expenses totaled $284,539 in fiscal 2021, an increase of 18.8% from $239,466 in fiscal 2020[176] Assets and Liabilities - Total current assets increased to $1,351.9 million as of October 2, 2021, up from $860.2 million as of October 3, 2020[241] - The company's total assets reached $1,601.6 million, compared to $1,054.6 million in the previous year, indicating strong growth[241] - Total liabilities increased to $506.4 million from $296.6 million, reflecting a rise in accounts payable and accrued expenses[241] Cash and Investments - Cash and cash equivalents as of October 2, 2021, were $362,788 thousand, up from $188,127 thousand as of October 3, 2020, reflecting a $174,661 thousand increase[199] - As of October 2, 2021, the company held approximately $724.5 million in cash, cash equivalents, and short-term investments in foreign subsidiaries, up from $492.0 million as of October 3, 2020[209] - Cash, cash equivalents, and short-term investments totaled $739,806 as of October 2, 2021, with cash alone amounting to $269,201[325] Shareholder Returns - The company declared dividends of $0.56 per share of common stock during the fiscal year ended October 2, 2021, with a quarterly dividend of $0.14 per share declared on multiple occasions[213] - The company repurchased approximately 215.0 thousand shares of common stock at a cost of approximately $10.2 million during the fiscal year ended October 2, 2021, with a remaining share repurchase authorization of approximately $132.0 million[212] Tax and Compliance - The effective tax rate for fiscal 2021 was 11.4%, down from 18.6% in fiscal 2020, due to various tax benefits and adjustments[196] - Deferred tax liabilities amounted to $32.8 million, with an unrecognized tax benefit of $15.0 million recorded within income tax payable for uncertain tax positions[215] Acquisitions and Investments - The acquisition of Uniqarta was completed for a purchase price of $26.5 million, enhancing the company's presence in the LED market[306][307] - The company incurred $1.7 million in acquisition-related expenses during fiscal 2021, included in selling, general, and administrative expenses[312] Risk Management - A 10.0% fluctuation in foreign currency could impact the company's financial position, results of operations, or cash flows by $2.0 to $3.0 million[221] - The company has foreign exchange forward contracts with a notional amount of $57.7 million outstanding as of October 2, 2021, to hedge against foreign currency risks[222]

《Kulicke & Soffa。 1 1 Investor Day 2021 September 23, 2021 TechnoloyChange Extending market access, supporting profitability enhancements Safe Harbor In addition to historical statements, this presentation contains statements relating to future events and our future results based on management's expectations as of September 23, 2021. These statements are "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent o ...

PART I [Financial Statements (Unaudited)](index=4&type=section&id=Item%201.%20FINANCIAL%20STATEMENTS%20(Unaudited)) The unaudited financial statements for July 3, 2021, reflect substantial growth in assets, revenue, and net income, supported by strong operating cash flow [Consolidated Condensed Balance Sheets](index=4&type=section&id=Consolidated%20Condensed%20Balance%20Sheets) The balance sheet as of July 3, 2021, shows significant growth in total assets to $1.41 billion and shareholders' equity to $973.3 million Consolidated Condensed Balance Sheet Highlights (in thousands) | Balance Sheet Item | July 3, 2021 | October 3, 2020 | | :--- | :--- | :--- | | **Total Assets** | **$1,409,861** | **$1,054,566** | | Cash and cash equivalents | $387,999 | $188,127 | | Accounts and other receivable, net | $369,346 | $198,640 | | Inventories, net | $153,325 | $111,809 | | Goodwill | $73,683 | $56,695 | | **Total Liabilities** | **$436,519** | **$296,572** | | Accounts payable | $144,269 | $57,688 | | **Total Shareholders' Equity** | **$973,342** | **$757,994** | [Consolidated Condensed Statements of Operations](index=5&type=section&id=Consolidated%20Condensed%20Statements%20of%20Operations) The company achieved substantial year-over-year growth in net revenue and net income for both the three and nine months ended July 3, 2021 Statement of Operations Summary (in thousands, except per share data) | Metric | Three Months Ended July 3, 2021 | Three Months Ended June 27, 2020 | Nine Months Ended July 3, 2021 | Nine Months Ended June 27, 2020 | | :--- | :--- | :--- | :--- | :--- | | Net revenue | $424,318 | $150,450 | $1,032,338 | $445,488 | | Gross profit | $195,695 | $69,423 | $465,671 | $209,090 | | Income from operations | $120,455 | $10,971 | $257,611 | $35,461 | | Net income | $113,766 | $11,151 | $233,450 | $36,516 | | Diluted EPS | $1.79 | $0.18 | $3.68 | $0.57 | [Consolidated Condensed Statements of Cash Flows](index=9&type=section&id=Consolidated%20Condensed%20Statements%20of%20Cash%20Flows) Operating activities generated $176.7 million in cash for the nine months ended July 3, 2021, significantly boosting cash and equivalents Cash Flow Summary (in thousands) | Cash Flow Activity | Nine Months Ended July 3, 2021 | Nine Months Ended June 27, 2020 | | :--- | :--- | :--- | | Net cash provided by operating activities | $176,656 | $62,681 | | Net cash provided by investing activities | $54,221 | $25,863 | | Net cash used in financing activities | ($31,982) | ($130,618) | | **Change in cash and cash equivalents** | **$199,872** | **($42,409)** | | Cash and cash equivalents at end of period | $387,999 | $321,775 | [Notes to Consolidated Condensed Financial Statements](index=10&type=section&id=Notes%20to%20Consolidated%20Condensed%20Financial%20Statements) Notes detail accounting policies, the Uniqarta acquisition, segment performance, and capital allocation activities - On January 19, 2021, the company acquired Uniqarta, Inc., a developer of laser transfer technology, for a purchase price of **$26.5 million** in cash, resulting in **$16.8 million** in goodwill and **$11.2 million** in intangible assets[77](index=77&type=chunk)[78](index=78&type=chunk)[80](index=80&type=chunk) Revenue and Operating Income by Segment (Nine Months Ended, in thousands) | Segment | Net Revenue (July 3, 2021) | Net Revenue (June 27, 2020) | Income from Operations (July 3, 2021) | Income from Operations (June 27, 2020) | | :--- | :--- | :--- | :--- | :--- | | Capital Equipment | $881,722 | $326,982 | $218,010 | $7,815 | | APS | $150,616 | $118,506 | $39,601 | $27,646 | | **Total** | **$1,032,338** | **$445,488** | **$257,611** | **$35,461** | - For the nine months ended July 3, 2021, the company repurchased **153.0 thousand shares** of common stock for **$6.4 million** and paid dividends totaling **$24.8 million**[125](index=125&type=chunk)[126](index=126&type=chunk) - ASE Technology Holding was a significant customer, accounting for **19.4% of total net revenue** for the nine months ended July 3, 2021[153](index=153&type=chunk) [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=33&type=section&id=Item%202.%20MANAGEMENT'S%20DISCUSSION%20AND%20ANALYSIS%20OF%20FINANCIAL%20CONDITION%20AND%20RESULTS%20OF%20OPERATIONS) Management discusses significant revenue growth from strong segment demand, increased operating expenses, and robust liquidity [Results of Operations](index=36&type=section&id=Results%20of%20Operations) Net revenue surged 131.7% to $1.03 billion for the nine months ended July 3, 2021, significantly increasing operating income Nine-Month Performance Comparison (in thousands) | Metric | Nine Months Ended July 3, 2021 | Nine Months Ended June 27, 2020 | $ Change | % Change | | :--- | :--- | :--- | :--- | :--- | | Net Revenue | $1,032,338 | $445,488 | $586,850 | 131.7% | | Gross Profit | $465,671 | $209,090 | $256,581 | 122.7% | | Operating Expenses | $208,060 | $173,629 | $34,431 | 19.8% | | Income from Operations | $257,611 | $35,461 | $222,150 | 626.5% | - Capital Equipment revenue growth was driven by strong demand in the general semiconductor market (consumer applications, 5G), automotive, and LED markets[183](index=183&type=chunk) - The increase in SG&A expenses was primarily due to **$14.6 million** in higher staff costs (incentive compensation, headcount) and **$4.9 million** in higher professional services expenses[194](index=194&type=chunk) [Liquidity and Capital Resources](index=39&type=section&id=Liquidity%20and%20Capital%20Resources) The company maintains robust liquidity with $635.0 million in cash and short-term investments, sufficient for future requirements Cash and Short-Term Investments (in thousands) | Category | July 3, 2021 | October 3, 2020 | | :--- | :--- | :--- | | Cash and cash equivalents | $387,999 | $188,127 | | Short-term investments | $247,000 | $342,000 | | **Total** | **$634,999** | **$530,127** | - The Board of Directors increased the share repurchase authorization to **$400 million** and extended it through August 1, 2022, with approximately **$135.7 million** remaining available under the program as of July 3, 2021[215](index=215&type=chunk) - The company declared and paid quarterly dividends of **$0.14 per share**, totaling **$24.8 million** for the nine months ended July 3, 2021[216](index=216&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=43&type=section&id=Item%203.%20QUANTITATIVE%20AND%20QUALITATIVE%20DISCLOSURES%20ABOUT%20MARKET%20RISK) The company faces market risks from interest rates and foreign currency fluctuations, mitigated by hedging strategies - The company's primary market risks are **interest rate risk** and **foreign currency risk**[223](index=223&type=chunk)[224](index=224&type=chunk) - As of July 3, 2021, the company had foreign exchange forward contracts with a notional value of **$57.0 million** to hedge against foreign currency-denominated expenses[226](index=226&type=chunk) - A **10% fluctuation** in foreign currency exchange rates could impact the company's financial position, results, or cash flows by an estimated **$2.0 million to $3.0 million**[225](index=225&type=chunk) [Controls and Procedures](index=44&type=section&id=Item%204.%20CONTROLS%20AND%20PROCEDURES) Management concluded that disclosure controls and procedures were effective as of July 3, 2021, with no material changes to internal controls - The CEO and CFO concluded that as of July 3, 2021, the company's disclosure controls and procedures were **effective**[228](index=228&type=chunk) - There were no changes during the third quarter of fiscal 2021 that materially affected or are likely to materially affect the company's **internal control over financial reporting**[230](index=230&type=chunk) PART II - OTHER INFORMATION [Legal Proceedings](index=45&type=section&id=Item%201.%20LEGAL%20PROCEEDINGS) The company is involved in routine litigation, with management expecting no material adverse effect on its financial condition or results - The company is involved in routine litigation but does not expect any pending cases to have a **material adverse effect** on its financial condition or results[231](index=231&type=chunk) [Risk Factors](index=45&type=section&id=Item%201A.%20RISK%20FACTORS) No material changes to risk factors were reported compared to the 2020 Annual Report on Form 10-K - No material changes to risk factors were reported compared to the **2020 Annual Report on Form 10-K**[232](index=232&type=chunk) [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) The company repurchased 82 thousand shares for $4.1 million in Q3 FY2021 under its $400 million program, also issuing unregistered equity Share Repurchases (Q3 FY2021) | Period | Total Shares Repurchased (thousands) | Average Price Paid Per Share | | :--- | :--- | :--- | | April 4 - May 1, 2021 | 11 | $53.79 | | May 2 - June 5, 2021 | 63 | $48.43 | | June 6 - July 3, 2021 | 8 | $55.20 | | **Total for Quarter** | **82** | **N/A** | - The share repurchase program was increased to **$400 million** and extended through August 1, 2022, with **$135.7 million** remaining available for repurchases as of the end of the quarter[236](index=236&type=chunk) [Exhibits](index=47&type=section&id=Item%206.%20EXHIBITS) This section lists exhibits filed with the Form 10-Q, including CEO/CFO certifications and Inline XBRL data files

Financial Data and Key Metrics Changes - The company reported revenue of $424.3 million for the June quarter, representing a nearly 25% sequential increase [29] - Gross margins for the June quarter were 46.1%, with non-GAAP EPS of $1.87, up 48% sequentially [14][29] - Non-GAAP net income was $118.8 million, highlighting operational leverage [30] - The company anticipates revenue of approximately $465 million for the September quarter, marking a nearly 10% increase over the June quarter [34] Business Line Data and Key Metrics Changes - The General Semiconductor space is experiencing strong demand driven by the adoption of 5G and new connected devices [15][24] - Approximately 40% of capital equipment revenue came from advanced packages, indicating a significant shift in product mix [19] - Equipment sales into the LED market remained strong, with expectations for further increases in September [21] Market Data and Key Metrics Changes - The automotive and industrial market showed strong performance, driven by the need for semiconductors in electric vehicles and autonomous driving [24] - Memory market sales improved sharply, with June quarter sales above long-term averages [25] - The company expects continued strong demand in the semiconductor industry, with annual growth rates anticipated to exceed the historical average of 6.5% [11] Company Strategy and Development Direction - The company is focused on expanding market reach through aggressive R&D investments targeting automotive, electronics assembly, and display markets [8][10] - The long-term strategy includes supporting advanced display and packaging technologies, with expectations for sustainable revenue growth [12][35] - The company plans to leverage new product introductions to enhance profitability and market presence [20][36] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in sustaining a revenue level of $1.5 billion, supported by strong market demand and ongoing industry expansion [11][42] - The company is optimistic about the semiconductor market's growth trajectory, with expectations for continued demand driven by new applications [10][59] - Management noted that supply chain challenges are being effectively mitigated, allowing for increased production capacity [26][25] Other Important Information - The company ended the June quarter with a total net cash and investment position of $635 million, reflecting strong cash generation potential [32] - The effective tax rate is expected to be around 15% for fiscal 2021, with a long-term target of 18% [31] Q&A Session Summary Question: Future Revenue Levels - Management indicated that they expect to finish FY 2021 at $1.5 billion and anticipate similar revenue levels for FY 2022, with potential upside in the second half of FY 2022 due to ongoing chip shortages [41][42] Question: Sustainability of Gross Margins - Management believes that a gross margin of 47% is sustainable due to a favorable product mix and ongoing cost reduction efforts [46][47] Question: Demand and Capacity Outlook - Management acknowledged that current demand is strong and that the industry is still facing a shortage of equipment, which is expected to continue driving revenue [59][60] Question: Long-term Growth in Automotive and Advanced Packaging - Management highlighted significant growth opportunities in advanced packaging and automotive markets, projecting substantial revenue increases from these segments [70][71] Question: Share Buyback Strategy - Management is evaluating capital allocation strategies, including share repurchases, dividends, and investments in organic growth [88][90]

NASDAQ: KLIC Q3F21 Ended Jul 3, 2021 Quarterly Earnings Review August 5, 2021 Safe Harbor | --- | --- | |----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ...

Financial Data and Key Metrics Changes - The company generated revenue of $340.2 million in the March quarter, representing a 27% increase sequentially and over 125% increase year-over-year [21] - Non-GAAP operating margins improved to 26.4%, a 410 basis point increase from the December quarter [30] - Full fiscal year revenue guidance was raised to between $1.3 billion to $1.4 billion, significantly up from the previous guidance of $1.1 billion [26] Business Line Data and Key Metrics Changes - The APS segment increased by over 15% sequentially, driven by higher utilization of the installed base [21] - Capital equipment sales, which represent 85% of overall revenue, increased by 29% sequentially, with strong performance across all end markets [21] - Memory segment sales increased by over 60% sequentially, while LED sales increased nearly 60% [22][24] Market Data and Key Metrics Changes - China accounted for 61% of total sales, followed by Taiwan at 21% [48] - The automotive and industrial end markets saw the largest sequential growth, increasing 83% [22] - Lead times for wire bonders are currently about 10 months, primarily due to supply chain bottlenecks [38] Company Strategy and Development Direction - The company is focusing on expanding its core market reach and addressing increasing capital intensity needs within its served markets [12] - There is a strong emphasis on multi-chip applications, with expectations for significant growth in this area [14] - The company is actively engaged in the mini LED market, with expectations for continued adoption and growth [20] Management's Comments on Operating Environment and Future Outlook - Management highlighted strong demand drivers including 5G, IoT, and automotive transitions, which are expected to support long-term growth [27] - There is cautious optimism regarding supply chain constraints, with efforts to mitigate these challenges [25] - Management anticipates some volatility in transitional drivers but remains confident in the overall growth trajectory [64] Other Important Information - The company issued its fifth annual sustainability report, highlighting its commitment to ESG initiatives [7] - The company has recently won several qualifications at top OSATs, IDMs, and foundries, enhancing its competitive position [16] Q&A Session Summary Question: Health of end markets and lead times - Management indicated that utilization rates are currently very high, and they are monitoring for potential double bookings, which are not significant at this time [37] Question: Revenue guidance and supply chain visibility - Management explained the increase in revenue guidance is due to improved visibility, despite potential seasonality in Q4 [46] Question: Contribution of China to sales - China represented 61% of total sales for the quarter, indicating a strong market presence [48] Question: Advanced packaging products revenue targets - Management expects advanced packaging products to contribute an additional $40 million to $50 million in revenue in fiscal year 2022 [68]

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 April 3, 2021 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 ...

Revenue and Profitability - For the three months ended January 2, 2021, net revenue increased to $267.9 million, an 85.6% increase from $144.3 million for the same period in 2019[160] - Capital Equipment segment revenue was $223.1 million, representing 83.3% of total net revenue, an increase of 118.0% from $102.3 million in the prior year[161] - Aftermarket Products and Services (APS) segment revenue was $44.8 million, accounting for 16.7% of total net revenue, a 6.7% increase from $42.0 million in the prior year[161] - Gross profit for the three months ended January 2, 2021, was $121.5 million, a 72.7% increase from $70.4 million in the prior year[160] - The total gross profit margin decreased to 45.4% from 48.8% in the prior year, primarily due to a less favorable product mix in the Capital Equipment segment[165] - For the three months ended January 2, 2021, total income from operations increased to $54,042,000, a 302.9% increase from $40,628,000 in the prior year[168] - Capital Equipment segment income from operations rose to $44,895,000, reflecting a significant increase of 1,557.9% compared to $2,708,000 in the prior year[168] Cash and Investments - As of January 2, 2021, total cash, cash equivalents, and short-term investments were $576.7 million, a $46.5 million increase from the prior fiscal year end[152] - As of January 2, 2021, total cash, cash equivalents, and short-term investments amounted to $576,670,000, an increase of $46,543,000 from $530,127,000[179] - Net cash provided by operating activities was $58,635,000, significantly up from $25,028,000 in the prior year[180] Operating Expenses and Taxes - Operating expenses totaled $67,444,000, an increase of 18.4% from $56,950,000 in the prior year, driven by higher selling, general, and administrative expenses[171] - Interest income decreased to $651,000, down 77.1% from $2,839,000 in the prior year, primarily due to lower interest rates on cash and investments[175] - The provision for income taxes was $6,298,000, with an effective tax rate of 11.5%, down from 13.6% in the prior year[178] Shareholder Returns and Capital Expenditures - Dividends paid during the three months totaled $7,400,000, with a declared quarterly dividend of $0.14 per share[193] - The company expects fiscal 2021 capital expenditures to be between $32,000,000 and $36,000,000, with $3,700,000 incurred in the first quarter[187] - During the three months ended January 2, 2021, the company repurchased approximately 48,000 shares at a cost of $1,200,000, with remaining authorization of $140,900,000[192] Obligations and Credit Facilities - As of January 2, 2021, the total contractual obligations amounted to $434.9 million, with $372.5 million due within one year[197] - The company has a credit facility with Citibank of $5.0 million, with an outstanding amount of $3.5 million as of January 2, 2021[198] - The company has an overdraft line of credit facility of up to $150.0 million, with no outstanding amounts as of January 2, 2021[199] Foreign Exchange and Risk Management - A 10.0% fluctuation in foreign currency exchange rates could impact the financial position by $2.0 to $3.0 million[204] - The company has foreign exchange forward contracts with a notional amount of $30.1 million outstanding as of January 2, 2021[205] Management and Internal Controls - The company’s management evaluated the effectiveness of disclosure controls and procedures, concluding they were effective as of January 2, 2021[207] - No changes were identified during the three months ended January 2, 2021, that materially affected internal control over financial reporting[209] Legal Matters - The company is involved in ordinary litigation but does not expect any currently pending matters to materially affect its financial condition or operating results[211] Market Demand and Growth Outlook - Demand for products was consistent with or exceeded expectations for the first quarter of fiscal 2021, despite challenges in the supply chain[155] - The company anticipates long-term growth in semiconductor consumption, although short-term volatility may persist due to macroeconomic factors[147]

NASDAQ: KLIC A World of Opportunity Corporate Overview February 2021 Safe Harbor In addition to historical statements, this presentation contains statements relating to future events and our future results based on management's expectations as of February 3, 2021. These statements are "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our judgments and future expectations concerning our business, a number ...