Veeco Instruments (VECO) came out with quarterly earnings of $0.37 per share, beating the Zacks Consensus Estimate of $0.32 per share. This compares to earnings of $0.45 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 15.63%. A quarter ago, it was expected that this precision manufacturing equipment maker would post earnings of $0.40 per share when it actually produced earnings of $0.41, delivering a surprise of 2.50%.Over the ...

Veeco Instruments (VECO) Q1 2025 Earnings Call May 07, 2025 05:00 PM ET Speaker0 Greetings, and welcome to the Veeco First Quarter twenty twenty five Earnings Call. At this time, all participants are in a listen only mode. A question and answer session will follow the formal presentation. It is now my pleasure to introduce your host, Anthony Papone, Head of Investor Relations. Thank you. You may begin. Speaker1 Thank you, and good afternoon, everyone. Joining me on the call today are Bill Miller, Veeco's Ch ...

Veeco Instruments Q1 2025 Financial Results Conference Call Safe Harbor May 7th, 2025 This presentation contains "forward-looking statements", within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, as amended, that are based on management's expectations, estimates, projections and assumptions. Words such as "expects," "anticipates," "plans," "believes," "scheduled," "estimates" and variations of these words and similar expressions are intended to ident ...

PLAINVIEW, N.Y., May 07, 2025 (GLOBE NEWSWIRE) -- Veeco Instruments Inc. (NASDAQ: VECO) today announced its received over $35 million of orders for its AP300™ Lithography systems in recent quarters from a wide-range of IDM and OSAT customers. The orders are expected to be delivered in 2025, and are supporting capacity expansions driven by several end markets, including AI and high-performance computing. Veeco’s Advanced Packaging Lithography business is expected to deliver strong year-over-year growth in 20 ...

Veeco (NASDAQ: VECO) is an innovative manufacturer of semiconductor process equipment. Our laser annealing, ion beam, single wafer etch & clean, lithography, and metal organic chemical vapor deposition (MOCVD) technologies play an integral role in the fabrication and packaging of advanced semiconductor devices. With equipment designed to optimize performance, yield and cost of ownership, Veeco holds leading technology positions in the markets we serve. To learn more about Veeco's systems and service offerin ...

About Veeco Veeco (NASDAQ: VECO) is an innovative manufacturer of semiconductor process equipment. Our laser annealing, ion beam, single wafer etch & clean, lithography, and metal organic chemical vapor deposition (MOCVD) technologies play an integral role in the fabrication and packaging of advanced semiconductor devices. With equipment designed to optimize performance, yield and cost of ownership, Veeco holds leading technology positions in the markets we serve. To learn more about Veeco's systems and ser ...

PLAINVIEW, N.Y., April 16, 2025 (GLOBE NEWSWIRE) -- Veeco Instruments Inc. (NASDAQ: VECO) plans to release its first quarter 2025 financial results after the market closes on Wednesday, May 7, 2025. The company will host a conference call to review these results starting at 5:00 PM ET that day. To join the call, dial 1-877-407-8029 (toll free) or 1-201-689-8029. Participants may also access a live webcast of the call by visiting the investor relations section of Veeco's website at ir.veeco.com. A replay of ...

PLAINVIEW, N.Y., April 15, 2025 (GLOBE NEWSWIRE) -- Veeco Instruments Inc. (NASDAQ:VECO) is proud to announce that it has earned the exclusive Intel EPIC Supplier Award for 2025. This award recognizes the top performers in the Intel supply chain for their world-class commitment to continuous improvement and performance excellence over the past year. "Congratulations to Veeco on receiving the Intel EPIC Supplier Award, Intel's highest supplier recognition," said Frank Sanders, corporate vice president and ge ...

Revenue and Sales Performance - Semiconductor revenue increased by 13% in 2024, accounting for 65% of total revenue, driven by the Laser Annealing business [191]. - Total net sales for 2024 reached $717.3 million, an 8% increase from $666.4 million in 2023 [202]. - The Compound Semiconductor market saw a decline in sales by 11%, totaling $77.6 million in 2024 compared to $87.3 million in 2023 [203]. - Data Storage revenue increased by 12% to $98.9 million in 2024, up from $88.5 million in 2023 [203]. - Approximately 77% of the company's total net sales in 2024 were generated from customers located outside the United States [243]. - Net sales denominated in currencies other than the U.S. dollar accounted for approximately 5% of total net sales in 2024 [243]. - A 10% change in foreign exchange rates would have an immaterial impact on the consolidated results of operations due to most sales outside the U.S. being denominated in U.S. dollars [244]. Financial Performance - Gross profit for 2024 was $304.0 million, with a gross margin of 42%, down from 43% in 2023 [202]. - Operating income decreased by 4% to $67.0 million in 2024, compared to $69.9 million in 2023 [202]. - Net interest income for 2024 was $1.9 million, an increase from a net interest expense of $1.2 million in 2023, primarily due to a $2.3 million increase in interest income [213][214]. - The income tax benefit for 2024 was $4.9 million, compared to an expense of $2.0 million in 2023, driven by various tax benefits including $12.2 million related to asset impairments [217]. - Net cash provided by operating activities was $63.8 million in 2024, compared to $61.7 million in 2023, attributed to a net income of $73.7 million [220][221]. Expenses and Investments - Research and development expenses rose by 10% to $124.5 million in 2024, maintaining a flat percentage of revenue [208]. - Cash used in investing activities was $64.5 million in 2024, primarily due to capital expenditures and net investment activity [222]. - The company has $26.5 million outstanding principal balance of 3.50% convertible senior notes maturing in January 2025 [225]. - Future purchase obligations for inventory and equipment totaled $177.4 million as of December 31, 2024 [227]. Impairments and Charges - A non-cash impairment charge of $28.1 million was recorded in 2024 related to SiC technology acquired from Epiluvac [211]. - Net other operating income in 2024 included a $21.2 million reduction in expected earn-out payments to Epiluvac's previous shareholders [212]. - Amortization expense decreased in 2024 compared to 2023 due to certain intangible assets becoming fully amortized [210]. Market Outlook and Trends - The Semiconductor industry is projected to grow to approximately $650 billion in 2024, with long-term growth driven by trends such as AI and automotive electrification [188]. - The company anticipates a decline in revenue from the China market heading into 2025 due to moderated customer engagement [196]. Asset Management and Financial Reporting - Cash and cash equivalents totaled $145.6 million in 2024, down from $158.8 million in 2023, while short-term investments increased to $198.7 million from $146.7 million [218]. - The fair value of the company's fixed-income securities was approximately $198.7 million as of December 31, 2024, with a potential decrease of $1.3 million for a 100 basis point increase in interest rates [238]. - The company centrally manages its investment portfolios, considering investment opportunities, risks, and overall financing strategies [238]. - Deferred income taxes reflect the net tax effect of temporary differences and are adjusted for changes in tax rates and laws [236]. - The company may enter into monthly forward derivative contracts to mitigate currency exchange risk, using these instruments solely for hedging purposes [242]. - The carrying values of long-lived assets are reviewed for impairment, with impairment recognized if the carrying amount exceeds fair value [235]. - The company evaluates the remaining useful lives of intangible assets and amortizes them accordingly if revisions are deemed appropriate [235].

Veeco Instruments (VECO) came out with quarterly earnings of $0.41 per share, beating the Zacks Consensus Estimate of $0.40 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 2.50%. A quarter ago, it was expected that this precision manufacturing equipment maker would post earnings of $0.45 per share when it actually produced earnings of $0.46, delivering a surprise of 2.22%.Over the ...