KLA-Tencor Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended December 31, 2014 ; Provides Earnings Guidance for the Third Quarter Ending March 2015
January 23, 2015 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, 2014. For the quarter, the company reported total revenues of $676,357,000 compared to $705,129,000 a year ago. Income from operations was $154,714,000 compared to $187,982,000 a year ago. Loss before income taxes was $6,268,000 compared to income before income taxes of $176,745,000 a year ago. Net income was $20,268,000 or $0.12 per basic and diluted share compared to $139,246,000 or $0.83 per diluted share a year ago. Net cash provided by operating activities was $11,084,000 compared to $115,271,000 a year ago. Capital expenditures, net were $12,783,000 compared to $14,465,000 a year ago. Non-GAAP net income was $112,826,000 or $0.68 per diluted share compared to $143,070,000 or $0.85 per diluted share a year ago.
For the six months period, the company reported total revenues of $1,319,258,000 compared to $1,363,466,000 a year ago. Income from operations was $263,867,000 compared to $337,893,000 a year ago. Income before income taxes was $92,739,000 compared to $316,609,000 a year ago. Net income was $92,501,000 or $0.56 per basic and diluted share compared to $250,443,000 or $0.49 per diluted share a year ago. Non-GAAP net income was $191,575,000 or $1.15 per diluted share compared to $258,001,000 or $1.53 per diluted share a year ago.
The company guidance for the March 2015 quarter is new orders are expected to be in the range of $500 million to $700 million. The company revenue guidance for third quarter is in the range of $685 million to $765 million and non-GAAP earnings per share in the range of $0.63 to $0.87 per share for the quarter.
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, 2014 ; Provides Earnings Guidance for the Third Quarter Ending March 2015