Kulicke and Soffa Industries, Inc. Reports Earnings Results for the First Quarter Ended December 30, 2023
January 31, 2024 at 04:06 pm EST
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Kulicke and Soffa Industries, Inc. reported earnings results for the first quarter ended December 30, 2023. For the first quarter, the company reported sales was USD 171.19 million compared to USD 176.23 million a year ago. Net income was USD 9.29 million compared to USD 14.59 million a year ago.
Basic earnings per share from continuing operations was USD 0.16 compared to USD 0.26 a year ago. Diluted earnings per share from continuing operations was USD 0.16 compared to USD 0.25 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.