KLA-Tencor Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended December 31, 2016; Provides Earnings Guidance for the Third Quarter of 2017
January 27, 2017 at 02:45 am IST
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KLA-Tencor Corporation reported unaudited consolidated earnings results for the second quarter and six months ended December 31, 2016. For the quarter, the company reported total revenues of USD 876,885,000 compared to USD 710,245,000 a year ago. Income before income taxes was USD 306,845,000 compared to USD 185,475,000 a year ago. Net income was USD 238,251,000 or USD 1.52 per basic and diluted share compared to USD 152,207,000 or USD 0.98 per basic and diluted share a year ago. Net cash provided by operating activities was USD 222,413,000 compared to USD 100,324,000 a year ago. Capital expenditures, net were USD 8,629,000 compared to USD 7,938,000 a year ago. Non-GAAP net income was USD 238,189,000 or USD 1.52 per diluted share compared to USD 161,757,000 or USD 1.04 per diluted share a year ago. Cash from operations was USD 222 million in the quarter and free cash flow was USD 214 million.
For the six months period, the company reported total revenues of USD 1,627,558,000 compared to USD 1,352,889,000 a year ago. Income before income taxes was USD 529,065,000 compared to USD 319,774,000 a year ago. Net income was USD 416,352,000 or USD 2.65 per diluted share compared to USD 257,104,000 or USD 1.64 per diluted share a year ago. Non-GAAP net income was USD 419,903,000 or USD 2.67 per diluted share compared to USD 273,953,000 or USD 1.75 per diluted share a year ago.
For the third quarter, the company expects shipments to be in the range of USD 850 million to USD 930 million, revenue to be in the range of USD 860 million to USD 920 million, with non-GAAP diluted earnings in the range of USD 1.42 per share to USD 1.62 per share, GAAP EPS of USD 1.40 to USD 1.60 per share and gross margin to be in the range of 62% to 63%.
KLA Corporation is one of the world leaders in the design, production and marketing of control and improvement procedures for semiconductor production processes. Net sales break down by family of products and services as follows:
- inspection systems (41.3%): for the detection, counting, classification and characterization of defects linked to the manufacture of silicon wafers and semiconductors;
- metrology and extreme ultraviolet lithography systems (26.6%): for the control of lithography, coating, and engraving processes;
- services (20.2%): consulting, technical assistance, installation, maintenance, etc.;
- advanced vacuum deposition and etching process tools (4.7%);
- printed circuit board, display and electronic component inspection systems (3.6%);
- other (3.6%): primarily defect analysis equipment and software.
Net sales are distributed geographically as follows: North America (12%), China (27.3%), Taiwan (23.8%), Korea (18%), Japan (8.4%), Europe and Israel (6.5%) and Asia (4%).
KLA-Tencor Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended December 31, 2016; Provides Earnings Guidance for the Third Quarter of 2017
KLA CORPORATION 
