To access the conference call, interested parties may call +1-877-407-8037 or internationally +1-201-689-8037. A live webcast and replay of the webcast will also be available at investor.kns.com. Kulicke & Soffa Marilyn Sim Public Relations P: +65-6880-9309 [email protected] SINGAPORE, July 24, 2024 /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 ...

SINGAPORE, May 16, 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 $0.20 per share of common stock. This upcoming dividend payment will be made on July 9, 2024 to holders of record as of June 20, 2024. About Kulicke & Soffa Founded in 1951, Kulicke & Soffa specializes in developing cutting-edge semiconductor and electronics assembly solutions ena ...

Nvidia's GPUs are the sexier story, but advanced packaging companies may be the next big AI growth story.AI chip leader Nvidia (NVDA 1.27%) will no doubt have very strong growth over the next year-plus. But while the chip designers like Nvidia and its would-be competitors garner a lot of headlines, the less sexy advanced packaging process is actually today's big AI bottleneck.That's why these two under-the-radar advanced packaging tech stocks are primed to take off in 2025. What's advanced packaging, and wh ...

Kulicke & Soffa Industries, Inc. (NASDAQ:KLIC) Q2 2024 Earnings Conference Call May 2, 2024 8:00 AM ET Company Participants Joseph Elgindy - Senior Director of Investor Relations Fusen Chen - President & Chief Executive Officer Lester Wong - Executive Vice President of Finance & Chief Financial Officer Conference Call Participants Krish Sankar - TD Cowen David Duley - Steelhead Securities Operator Greetings and welcome to the Kulicke & Soffa 2024 Second Quarter Results Conference Call. At this time, all par ...

UNITED STATES 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 March 30, 2024 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) SECURITIES AND EXCHANGE COMMISSION Pennsylvania 23-1498399 (State or other jurisdi ...

Kulicke and Soffa (KLIC) came out with a quarterly loss of $0.95 per share versus the Zacks Consensus Estimate of $0.24. This compares to earnings of $0.38 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -495.83%. A quarter ago, it was expected that this semiconductor equipment maker would post earnings of $0.26 per share when it actually produced earnings of $0.30, delivering a surprise of 15.38%.Over the last four quarters, ...

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 Second Quarter 2024 Results Focuses on Operational Efficiency; Increases Repurchase Activity Singapore – May 1, 2024 – Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC) ("Kulicke & Soffa," "K&S," "our," or the "Company"), today announced financ ...

SINGAPORE, April 18, 2024 /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 second fiscal quarter 2024 financial results and its business outlook, on Thursday, May 2, 2024, at 8:00 am EDT. The Company will issue its second fiscal quarter 2024 financial results in the even ...

Kulicke & Soffa Industries, Inc. (NASDAQ:KLIC) Q1 2024 Earnings Call Transcript February 1, 2024 8:00 AM ET Company Participants Joseph Elgindy - Senior Director, Investor Relations Fusen Chen - President, Chief Executive Officer Lester Wong - Executive Vice President, Finance, Chief Financial Officer Conference Call Participants Krish Sankar - TD Cowen David Duley - Steelhead Securities Charles Shi - Needham & Company Craig Ellis - B. Riley Securities Operator Greetings and welcome to the Kulicke & Soffa 2 ...

Financial Performance - Net revenue for the three months ended December 30, 2023, was $171,189 thousand, a decrease of $5,044 thousand or 2.9% compared to $176,233 thousand for the same period in 2022[149]. - Ball Bonding Equipment net revenue increased to $86,270 thousand, representing 50.4% of total net revenue, a significant increase of $32,621 thousand or 60.8% from $53,649 thousand in the prior year[151]. - Wedge Bonding Equipment net revenue decreased to $23,459 thousand, a decline of $31,197 thousand or 57.1% compared to $54,656 thousand in the previous year[151]. - Gross profit margin for the total decreased to 46.7% from 50.3%, a decline of 360 basis points year-over-year[156]. - Operating expenses increased to $78,203 thousand, up $1,319 thousand or 1.7% from $76,884 thousand in the prior year[161]. - Income from operations fell to $1,693 thousand, a decrease of $10,129 thousand or 85.7% compared to $11,822 thousand in the same period last year[164]. - Interest income increased to $9,899 thousand, up $3,340 thousand or 50.9% from $6,559 thousand in the prior year[168]. Cash and Investments - As of December 30, 2023, the total cash, cash equivalents, and short-term investments were $709.7 million, a decrease of $49.7 million from the prior fiscal year end[135]. - Cash and cash equivalents decreased to $424,660 thousand from $529,402 thousand, a decline of $104,742 thousand[171]. - Net cash used in operating activities was $(7,331) thousand, a significant decrease from $85,116 thousand in the prior year[172]. - Net cash used in investing activities was $(60,541) thousand, compared to $(38,914) thousand in the same period last year[172]. - The company expects fiscal 2024 capital expenditures to be between $23.0 million and $27.0 million, with $3.5 million incurred in the first quarter[179]. - As of December 30, 2023, the company held approximately $558.7 million in cash, cash equivalents, and short-term investments in foreign subsidiaries, with a significant portion available for use in the U.S.[180]. - The company anticipates funding operations and capital requirements primarily through cash on hand and cash generated from operating activities, which are deemed sufficient for the foreseeable future[181]. Market and Industry Conditions - Approximately 89.9% of net revenue for the three months ended December 30, 2023, was from shipments to customer locations outside of the U.S., primarily in the Asia/Pacific region[131]. - Shipments to customers headquartered in China accounted for approximately 46.2% of net revenue for the three months ended December 30, 2023[131]. - The semiconductor industry is experiencing significant inventory buildup due to declining consumer sentiment and inventory adjustments, leading to reduced order rates[144]. - The ongoing geopolitical tensions, including the Israel-Hamas war and the Ukraine/Russia conflict, have not materially impacted the company's financial condition in fiscal 2024 to date[146]. - The company anticipates that the semiconductor industry's long-term growth projections will normalize despite current short-term volatility[145]. - The semiconductor business environment remains highly volatile, influenced by both cyclical and seasonal dynamics as well as macroeconomic factors[128]. Operational Strategy - The APS reportable segment has historically been less volatile and is more directly tied to semiconductor unit consumption rather than production capability improvements[130]. - The company continues to focus on operational excellence and expanding product offerings through research and development and acquisitions[134]. - The company has maintained a strong balance sheet to mitigate potential adverse cyclical and macroeconomic effects on its financial position[135]. Shareholder Returns - The company repurchased approximately 555.6 thousand shares of common stock for about $26.8 million during the three months ended December 30, 2023[185]. - A quarterly dividend of $0.20 per share was declared on November 15, 2023, with total dividends paid during the three months amounting to $10.7 million[187]. Tax and Foreign Exchange - As of December 30, 2023, the company had deferred tax liabilities of $37.2 million and unrecognized tax benefits of $18.1 million related to uncertain tax positions[189]. - The company has foreign exchange forward contracts with a notional amount of $42.7 million outstanding as of December 30, 2023, to hedge against foreign currency risks[198].