Kulicke and Soffa Industries, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended June 29, 2024
August 07, 2024 at 05:08 pm EDT
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Kulicke and Soffa Industries, Inc. reported earnings results for the third quarter and nine months ended June 29, 2024. For the third quarter, the company reported sales was USD 181.65 million compared to USD 190.92 million a year ago. Net income was USD 12.26 million compared to USD 4.16 million a year ago. Basic earnings per share from continuing operations was USD 0.22 compared to USD 0.07 a year ago. Diluted earnings per share from continuing operations was USD 0.22 compared to USD 0.07 a year ago.
For the nine months, sales was USD 524.91 million compared to USD 540.17 million a year ago. Net loss was USD 81.12 million compared to net income of USD 33.79 million a year ago. Basic loss per share from continuing operations was USD 1.45 compared to basic earnings per share from continuing operations of USD 0.6 a year ago. Diluted loss per share from continuing operations was USD 1.45 compared to diluted earnings per share from continuing operations of USD 0.59 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.