Kulicke and Soffa Industries, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended December 29, 2012; Provides Revenue Guidance for the Second Quarter Ending March 30, 2013
January 29, 2013 at 06:55 am EST
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Kulicke and Soffa Industries, Inc. reported unaudited consolidated earnings results for the first quarter ended December 29, 2012. For the quarter, the company reported net income of $3,604,000 or $0.05 diluted earnings per share on total net revenue of $114,039,000 against net income of $8,507,000 or $0.11 diluted earnings per share on total net revenue of $120,024,000 a year ago. Total income from operations was $4,205,000 and income from operations before income taxes was $4,379,000 against total income from operations of $12,376,000 and income from operations before income taxes of $10,484,000 a year ago. Net cash provided by operating activities was $58,494,000 against $33,838,000 a year ago.
The company expects net revenue in the second fiscal quarter of 2013 ending March 30, 2013 to be approximately $90 million to $100 million. Looking forward, the company maintains its long term effective tax rate of 10%.
Kulicke and Soffa Industries, Inc. specializes in developing semiconductor and electronics assembly solutions. It designs, develops, manufactures, and sells capital equipment, consumables and services used to assemble semiconductors and electronic devices, such as integrated circuits, power discrete, light-emitting diode (LEDs), advanced displays and sensors. The Company operates in four segments. Its Ball Bonding Equipment segment is in designs, development, manufacture, and sell of ball bonding equipment and wafer level bonding equipment. Its Wedge Bonding Equipment segment is in design, development, manufacture, and sale of wedge bonding equipment. The Company's Advanced Solutions is in design, development, manufacture, and sells advanced display, die-attach and thermocompression systems and solutions. Its aftermarket products and services segment is in the design, development, manufacture and sale of a variety of tools, spares and services for the Company's equipment.
Kulicke and Soffa Industries, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended December 29, 2012; Provides Revenue Guidance for the Second Quarter Ending March 30, 2013
KULICKE AND SOFFA INDUSTRIES, INC. 
