SINGAPORE, Jan. 21, 2025 /PRNewswire/ -- Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) ("Kulicke & Soffa", "K&S" or the "Company"), a global leader in the design and manufacture of semiconductor, LED and electronic assembly equipment, today announced that a conference call is scheduled to discuss the Company's first fiscal quarter 2025 financial results and its business outlook, on Wednesday, February 5, 2025, at 8:00 am EST.The Company will issue its first fiscal quarter 2025 financial results in the ev ...

$900 Million Cumulatively Deployed in Share Repurchase ProgramsInitiates New $300 Million Share Repurchase ProgramSINGAPORE, Dec. 2, 2024 /PRNewswire/ -- Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC) ("Kulicke & Soffa," "K&S" or the "Company"), announced today that it has completed its $800 million share repurchase program, originally initiated during its fiscal fourth quarter of 2017. Under this program, K&S repurchased approximately 22.7 million shares at an average price of approximately $35.25 per s ...

Kulicke and Soffa Industries (KLIC) reported fourth-quarter fiscal 2024 non-GAAP earnings of 34 cents per share, which missed the Zacks Consensus Estimate by 5.56%. The bottom line dropped 33.3% year over year.KLIC’s earnings lagged the Zacks Consensus Estimate in two of the trailing four quarters, beating in the remaining two, the average negative earnings surprise being 117.34%.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Revenues declined 10.4% year over year to $181.3 million b ...

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Q4 2024 Earnings Conference Call November 14, 2024 8:00 AM ET Company Participants Joe Elgindy - Director, Investor Relations Fusen Chen - President and Chief Executive Officer Lester Wong - Chief Financial Officer Conference Call Participants Steven Kinney Chin - TD Cowen Tom Diffely - D.A. Davidson Dave Duley - Steelhead Securities Charles Shi - Needham Operator Greetings, and welcome to Kulicke and Soffa’s 2024 Fourth Quarter Results Earnings Call. At this ...

Financial Performance - The company's net revenue for fiscal 2024 was $706.2 million, a decrease of 4.9% from $742.5 million in fiscal 2023[268]. - Gross profit for fiscal 2024 was $268.8 million, down 25.1% from $358.7 million in the previous year[156]. - Operating expenses increased to $361.3 million in fiscal 2024, compared to $319.2 million in fiscal 2023, reflecting a rise of 13.2%[156]. - The company reported a net loss of $69.0 million for fiscal 2024, compared to a net income of $57.1 million in fiscal 2023[156]. - Basic net loss per share for fiscal 2024 was $(1.24), a significant decline from earnings of $1.01 per share in fiscal 2023[156]. - Total current assets decreased to $995.0 million as of September 28, 2024, from $1,189.1 million as of September 30, 2023, representing a decline of 16.3%[155]. - The consolidated net inventory balance was $177.7 million, down from $217.3 million in the previous year, indicating a reduction of 18.2%[155]. - The company’s total shareholders' equity was $944.0 million, down from $1,174.6 million in the previous year, reflecting a decline of 19.5%[155]. - The company recognized impairment charges of $44.5 million in fiscal 2024, compared to $21.5 million in fiscal 2023, indicating a significant increase in impairment[156]. - Total comprehensive income for fiscal year 2024 was a loss of $60,666 thousand, while it was $68,286 thousand in fiscal 2023[162]. Cash and Investments - As of September 28, 2024, the company's total cash, cash equivalents, and short-term investments were $577.1 million, a decrease of $182.3 million from the prior fiscal year end[19]. - Cash and cash equivalents at the end of fiscal year 2024 were $227,147 thousand, down from $529,402 thousand at the end of fiscal year 2023[162]. - The company repurchased common stock amounting to $150,791 thousand in fiscal year 2024, compared to $69,210 thousand in fiscal year 2023[162]. - Cash dividends declared were $0.20 per share in fiscal year 2024, totaling $44,246 thousand, compared to $0.19 per share in fiscal year 2023, totaling $43,004 thousand[162]. Operational Highlights - The company continues to invest in product development to enhance existing products and deliver next-generation solutions, focusing on semiconductor interconnect and device assembly needs[20]. - The RAPID Pro, part of the smart bonder series, introduces advanced functionalities including real-time process monitoring and predictive maintenance capabilities[20]. - The company is expanding its technology partnerships with key customers and institutions to enhance its product offerings and market reach[21]. - The launch of LUMINEX supports high-speed die placement and mass die transfer for applications in integrated circuits and advanced displays[21]. - The company maintains a strong focus on operational excellence and efficient management throughout business cycles to mitigate volatility and improve profitability[19]. - The company has developed advanced packaging solutions for 2.5D and 3D integrated circuits, expected to enhance performance and power efficiency[21]. Market and Industry Conditions - The semiconductor industry is characterized by volatility, with periodic downturns adversely affecting business performance[47]. - The company relies on sole source suppliers for key technology parts, exposing it to significant risks related to supply chain disruptions[48]. - The company faces continuous price pressure, resulting in a decline in average selling prices, particularly in the Chinese market[52]. - The semiconductor industry is characterized by high competition, with significant factors including price, innovation, and customer support[54]. - The company must continuously develop and manufacture new products to maintain competitiveness, which requires significant capital expenditures[53]. - The ongoing U.S.-China trade tensions may impact the company's ability to sell products and could reduce competitiveness due to tariffs and trade restrictions[58]. Employee and Organizational Structure - As of September 28, 2024, the company had 2,681 full-time employees and 65 temporary workers worldwide[37]. - The company maintains an open-door policy for employees to voice concerns and suggestions, ensuring a supportive work environment[45]. - The company emphasizes long-term customer relationships and utilizes a direct sales force and distribution channels to support its customers globally[25]. Environmental, Social, and Governance (ESG) Initiatives - The company established an ESG council to oversee its ESG efforts, providing quarterly updates to executive leadership[36]. - In fiscal 2023, the company performed independent assurance of its Scope 1 and Scope 2 greenhouse gas emissions data for eight global operational sites[36]. - The company incorporated its Diversity & Inclusion program into its ESG structure in fiscal 2022, aiming to enrich employee experiences[38]. - The company has implemented a learning and development series titled "Inclusive Leader Mindset Change Training" for people managers[38]. - The company is committed to enhancing its ESG initiatives, which may result in increased costs and compliance obligations[67]. Risks and Compliance - The company is subject to risks from changes in trade regulations, currency fluctuations, and political instability, particularly in the Asia/Pacific region[57]. - Catastrophic events, such as natural disasters and pandemics, can adversely affect operations and financial results[58]. - The company is subject to various environmental and safety laws, which may result in significant compliance costs and operational restrictions[66]. - The company faces risks related to attracting and retaining qualified personnel, which is critical for its operational success[62]. - The company is currently investigating a potential unlawful reverse engineering incident involving ex-employees in China who may have shared proprietary information with a competitor[68]. Acquisitions and Goodwill - Kulicke and Soffa completed the acquisition of Advanced Jet Automation Co., Ltd. for a total purchase price of $38.1 million, which includes $4.0 million held in escrow[198]. - The acquisition is expected to enhance the company's portfolio in semiconductor and advanced display markets, particularly in mini and micro-LED technologies[198]. - Goodwill from the acquisition amounted to $27.975 million, reflecting expected future cash flows and synergies[200]. - The company recorded a goodwill impairment charge of $9.8 million for the Lithography reporting unit due to lower projected cash flows[205]. - The company performed its annual impairment test in the fourth quarter of fiscal 2024 and found no impairment on recorded goodwill[205]. Tax and Regulatory Matters - The effective tax rate for fiscal 2024 was (18.3)%, compared to 20.8% in fiscal 2023[261]. - The company recorded a tax benefit of $6.5 million related to the U.S. TCJA one-time transition tax in fiscal 2024[262]. - As of September 28, 2024, the company has foreign net operating loss carryforwards of $153.9 million and state net operating loss carryforwards of $40.2 million[263]. - The company has approximately $19.7 million of unrecognized tax benefit that could impact the effective tax rate if recognized[265]. Cybersecurity and Data Protection - The company has experienced unauthorized access attempts to its network, resulting in the acquisition of some data, including source code and business partner information, but does not expect a material impact on its operations[70]. - The company has a cybersecurity risk management program informed by industry standards, including the NIST Cybersecurity Framework[82]. - The company has not identified any cybersecurity incidents that have materially affected its operations, but it continues to face various cybersecurity threats[83].

Kulicke & Soffa Nasdaq: KLIC Quarterly Earnings Review November 14, 2024 Q4F24 Ended Sep 28, 2024 1 Earnings Review 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 November 14, 2024. 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 ...

Kulicke and Soffa (KLIC) came out with quarterly earnings of $0.34 per share, missing the Zacks Consensus Estimate of $0.36 per share. This compares to earnings of $0.51 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -5.56%. A quarter ago, it was expected that this semiconductor equipment maker would post earnings of $0.30 per share when it actually produced earnings of $0.35, delivering a surprise of 16.67%.Over the last fou ...

Exhibit 99.1 Kulicke & Soffa Pte. Ltd. 23A Serangoon North Ave 5 Singapore 554369 +65 6880-9600 main Co. Regn. No. 199902120H Kulicke and Soffa Industries, Inc. 1005 Virginia Drive Fort Washington, PA 19034 USA +1-215-784-6000 main www.kns.com Kulicke & Soffa Reports Fourth Quarter 2024 Results Singapore – November 13, 2024 – Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC) ("Kulicke & Soffa," "K&S," "our," or the "Company"), today announced the financial results of its fourth fiscal quarter ended Septembe ...

Core Insights - Kulicke and Soffa Industries, Inc. reported a fourth quarter net revenue of $181.3 million, a decrease of 10.4% compared to the same quarter in the previous year, and a net income of $12.1 million, down 48.1% year-over-year [1][2][5] Financial Performance - **Fourth Quarter Fiscal 2024 Results** - Net revenue: $181.3 million, down 10.4% from $202.3 million in Q4 2023 and down 0.2% from $181.7 million in Q3 2024 [2][5] - Gross margin: 48.3%, up 90 basis points year-over-year and up 170 basis points sequentially [2] - Net income: $12.1 million, down 48.1% from $23.4 million in Q4 2023 [2][5] - EPS (diluted): $0.22, down 46.3% from $0.41 in Q4 2023 [2][5] - **Fiscal Year 2024 Highlights** - Total net revenue: $706.2 million, down from $742.5 million in the previous fiscal year [4] - Gross margin: 38.1% [4] - Net loss: $69.0 million or $(1.24) per diluted share; non-GAAP net income of $1.6 million or $0.03 per diluted share [4] Operational Insights - The company is focusing on advanced packaging and assembly solutions, with expectations for increased demand in the semiconductor and automotive markets through fiscal year 2025 [3] - The transition to emerging chiplet and heterogeneous applications is expected to enhance performance and transistor density, positioning the company for market share gains [3] Cash Flow and Shareholder Actions - Cash from operations for Q4 was $31.6 million, with adjusted free cash flow of $29.2 million [5] - The company repurchased 1.0 million shares of common stock at a cost of $42.7 million during the fourth quarter [5] Outlook - For the first quarter of fiscal 2025, the company expects net revenue to be approximately $165 million, with GAAP diluted EPS projected at approximately $1.45 [6]

Fifth Consecutive Annual Dividend Raise; Quarterly Dividend Increased to $0.205 New $300 Million Share Repurchase ProgramSINGAPORE, Nov. 13, 2024 /PRNewswire/ -- Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC) ("Kulicke & Soffa," "K&S" or the "Company"), announced today that its Board of Directors has declared and authorized a quarterly dividend of $0.205 per share of common stock, representing a $0.005 increase over its most recent dividend. This dividend raise highlights the Company's commitment to a co ...