Kulicke & Soffa(US:KLIC)2020-04-30 13:32Company Overview and Strategy - Kulicke & Soffa (K&S) is a founding NASDAQ company with a history of core-market leadership and diversified, growing served markets[4] - The company focuses on growth opportunities in Mini & Micro LED, Electric & Autonomous Vehicles, and Advanced Packaging[4] - K&S emphasizes fundamental strength and value delivery through a strong balance sheet, share repurchase programs, and regular dividends[4] Market and Growth Opportunities - The company's equipment portfolio has grown 4X since 2008, supporting consistent core market growth[6] - K&S is expanding opportunities through aggressive development and prudent acquisitions, with a focus on Aftermarket Products & Services (APS), Advanced Packaging, and Electronics Assembly[17] - The company anticipates 72% capital equipment growth through generating new capabilities and increased demand for products[18] - Micro & Mini LED wafer production is expected to grow by 300% through FY'24, positioning K&S to benefit with its highly-competitive, dedicated solution[25] Financial Performance and Targets - March quarter revenue guidance is projected at $140-$160 million[28] - Fiscal Q2 2020 net revenue reached $150.7 million, up 30.1% compared to Fiscal Q2 2019 and up 4.4% compared to Fiscal Q1 2020[28] - Fiscal Q2 2020 net income was $11.9 million, up 430.6% compared to Fiscal Q2 2019, but down 11.9% compared to Fiscal Q1 2020[28] - The company has net cash & investments of $525 million, or $8.17 per share, and returned over $26 million to shareholders[31] Social Responsibility - K&S is committed to sustainability, focusing on improving social, environmental, and economic impact[9] - The company targets an annual energy reduction of 2% and an annual paper reduction of 3%[11, 12] - Recycling efforts exceed 40%[13] - Over 35% of the global workforce are women[15]