Kulicke and Soffa Industries, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended March 30, 2024
May 01, 2024 at 04:05 pm EDT
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Kulicke and Soffa Industries, Inc. reported earnings results for the second quarter and six months ended March 30, 2024. For the second quarter, the company reported sales was USD 172.07 million compared to USD 173.02 million a year ago. Net loss was USD 102.68 million compared to net income of USD 15.04 million a year ago. Basic loss per share from continuing operations was USD 1.83 compared to basic earnings per share from continuing operations of USD 0.27 a year ago. Diluted loss per share from continuing operations was USD 1.83 compared to diluted earnings per share from continuing operations of USD 0.26 a year ago.
For the six months, sales was USD 343.26 million compared to USD 349.25 million a year ago. Net loss was USD 93.39 million compared to net income of USD 29.63 million a year ago. Basic loss per share from continuing operations was USD 1.66 compared to basic earnings per share from continuing operations of USD 0.52 a year ago. Diluted loss per share from continuing operations was USD 1.66 compared to diluted earnings per share from continuing operations of USD 0.51 a year ago.
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. 
