Kulicke & Soffa Industries (NASDAQ:KLIC) Q4 2023 Earnings Conference Call November 16, 2023 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 Tom Diffely - D.A. Davidson & Co. Operator Greetings and welcome to the Kulicke & Soffa Fourth Quarter 2023 Results Conferenc ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended September 30, 2023 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. 000-00121 KULICKE AND SOFFA INDUSTRIES, INC. (Exact name of registrant as specified in its charter) Pennsylvania 23-1498399 (State or oth ...

Financial Data and Key Metrics Changes - The company generated $190.9 million in revenue for the June quarter, with a gross margin of 47.2% and non-GAAP EPS of $0.55, which was above prior expectations due to stringent cost control and discrete tax items [36][61] - Non-GAAP operating expenses were $66 million, lower than anticipated due to shifts in discretionary spending and ongoing cost controls [19][20] - Working capital days decreased from 517 to 465 days, primarily due to sequential improvement in revenue and relatively flat working capital [62] Business Line Data and Key Metrics Changes - Ball bonder equipment sales increased sequentially by 45%, largely due to increased utilization rates and stronger demand for the Rapid series [14] - The wedge bonder segment has seen strong demand, particularly driven by the semiconductor and electric vehicle markets, with wedge-related revenue more than doubling since 2020 [9][67] - The company shipped a record number of fluxless TCB systems and achieved record TCB revenue for the quarter [71] Market Data and Key Metrics Changes - 79% of total revenue stemmed from capital equipment, which improved by 13% sequentially, supported by utilization improvements in general semiconductor, LED, and memory end markets [14] - Utilization rates improved to around 70% from approximately 60% in previous quarters, with expectations for further increases [93] - The company anticipates nearly 10% semiconductor unit growth in calendar year 2024, with unit growth expected to remain above average in 2025 [6][39] Company Strategy and Development Direction - The company is focused on delivering new innovations that address long-term, technology-driven growth opportunities in both core and emerging equipment businesses [28] - Investments in development, engineering capabilities, and new market opportunities have enhanced the company's fundamental strength and solidified key pillars for long-term growth [16] - The company is actively engaged with multiple customers enabling technology transitions in automotive, semiconductor, and display opportunities [16] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about ongoing near and long-term improvements within core markets and execution across various end-market applications [18] - The company expects fiscal 2024 to be a better year than fiscal 2023, with the first half potentially not as strong as the second half [69][110] - Management noted that the macro environment remains dynamic, impacting visibility into future performance [66][69] Other Important Information - The company identified a material weakness over internal controls related to segment reporting, leading to the filing of an amended 10-K for fiscal year 2022, but noted no impact on reported amounts [3] - The company has a sizeable order backlog, roughly four times the size of the third quarter fiscal 2019 backlog, which is expected to reduce over the coming quarters [41] Q&A Session Summary Question: What is the expected performance of K&S given the 10% industry growth forecast for 2024? - Management believes that 2024 will be a better year than 2023, with growth initiatives and improved positioning in larger end markets contributing to performance [22][66] Question: What segments are showing improvement in revenue? - The ball bonder segment is showing significant improvement, with wedge bonder demand remaining strong [71] Question: Can you elaborate on the thermo-compression bonding market and the company's position? - The company has a strong TCB product portfolio and is focusing on high volume semiconductor applications, with expectations for significant growth by 2025 [72][77] Question: What are the current utilization rates? - Utilization rates are currently around 70%, up from approximately 60% in previous quarters, with expectations for further increases [93] Question: What is the company's strategy regarding share repurchases? - The company maintains an opportunistic approach to share repurchases, adjusting levels based on market conditions [115]

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 July 1, 2023 Pennsylvania 23-1498399 (State or other jurisdiction of incorporation) (IRS Employer Identification No.) 23A Serangoon North Avenue 5, #01-01, Singapore 554369 1005 Virginia Dr., Fort Washington, PA 19034 (Address of principal executive offices and Zip Code) OR TRANSITION REPORT PURSUANT TO SECT ...

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Q2 2023 Earnings Conference Call May 4, 2023 8:00 AM ET Company Participants Joe Elgindy - Senior Director, Investor Relations Fusen Chen - President and Chief Executive Officer Lester Wong - Chief Financial Officer Conference Call Participants Tom Diffely - D.A. Davidson Dave Duley - Steelhead Securities Krish Sankar - Cowen and Company Charles Shi - Needham and Company Tyler Burmeister - Craig-Hallum Operator Hello and welcome to the Kulicke & Soffa 2023 Se ...

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 1, 2023 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 Identification No.) 23A ...

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Q1 2023 Earnings Conference Call February 2, 2023 8:00 AM ET Company Participants Joe Elgindy - Senior Director, Investor Relations Fusen Chen - President and Chief Executive Officer Lester Wong - Chief Financial Officer Conference Call Participants Krish Sankar - Cowen Craig Ellis - B. Riley Charles Shi - Needham and Company David Duley - Steelhead Securities Hans Chung - D.A. Davidson Operator Hello, and welcome to the Kulicke & Soffa 2023 First Quarter Res ...

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 31, 2022 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☐ Pennsylvania 23-1498399 (State or other jurisdiction of incorporation) (IRS Employer Identification No.) 23A Serangoon North Avenue 5, #01-01, Singapore 554369 1005 Virginia Dr., Fort Washington, P ...

Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) Q4 2022 Earnings Conference Call November 17, 2022 8:00 AM ET Company Participants Joseph Elgindy - Senior Director, Investor Relations Fusen Chen - President & Chief Executive Officer Lester Wong - Executive Vice President, Finance and IT and Chief Financial Officer Conference Call Participants Krish Sankar - Cowen and Company David Duley - Steelhead Securities Craig Ellis - B. Riley Charles Shi - Needham Operator Greeting and welcome to the Kulicke & Soffa ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended October 1, 2022 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. 000-00121 KULICKE AND SOFFA INDUSTRIES, INC. (Exact name of registrant as specified in its charter) Pennsylvania 23-1498399 (State or other ...