NASDAQ$KLIC

Kulicke and Soffa Industries Inc. · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Reported fourth quarter results with net revenue of $177.7 million and net income of $15.8 million.

Kulicke & Soffa reported a strong fourth quarter in fiscal year 2020, with net revenue reaching $177.7 million and net income of $15.8 million. The company's strategic focus on advanced display market entry, 5G adoption, smartphone recovery, and general semiconductor unit growth improvement drove increased demand for its core products and services.

  • Net revenue for the fourth quarter was $177.7 million, up 27.1% year-over-year.
  • Net income for the fourth quarter was $15.8 million, or $0.25 per diluted share.
  • Non-GAAP net income for the fourth quarter was $18.0 million, or $0.29 per diluted share.
  • The company repurchased $8.8 million of common stock during the quarter at an average price of $22.68 per share.

Headline financials

Total Revenue

$178M

Previous: $140M+27.1%
EPS (adj)

$0.29

Previous: $0.14+107.1%
Gross Margin

50.0%

No prior period
Operating Margin

12.9%

No prior period
Net Margin

8.9%

No prior period
Non-GAAP Operating Margin

14.2%

No prior period
Non-GAAP Net Margin

10.1%

No prior period
Capital Expenditures

$3.87M

Previous: $2.08M+86.3%
Free Cash Flow

$27.9M

Previous: -$19.3M+244.4%
Net Income

$15.8M

Previous: $6.4M+146.7%
Operating Income

$23M

Previous: $7.69M+199.0%
Gross Profit

$88.9M

Previous: $65.4M+35.9%
Cash & Equivalents

$188M

Previous: $364M-48.3%
Total Assets

$1.05B

Previous: $1.08B-2.3%

Revenue & EPS history

Kulicke and Soffa · Revenue · Quarterly

$178M

Q4 2020+27.1%vs Q4 2019
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Forward guidance

The Company currently expects net revenue in the first fiscal quarter of 2021, ending January 2, 2021, to be approximately $230 million to $250 million, and expects non-GAAP EPS to be approximately $0.48 to $0.58.

Tailwinds

  • Steep sequential demand improvement.
  • Strength in the Company’s general semiconductor and LED end-markets.
  • Entry into the advanced display market.
  • 5G adoption.
  • Smartphone recovery and general semiconductor unit growth improvement are increasing demand for our core products and services.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2020

Historical avgQ4 2020

+1.1%

Avg return

Earnings day

+1.2%

Avg return

5 days after

+1.4%

Avg return

30 days after

55%

36 / 66 earnings

Positive

+19.3%

Q1 2026

Best reaction

-17.0%

Q2 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026+6.7%+4.5%+4.5%
Q1 2026+19.3%+34.4%+10.4%
Q4 2025+10.7%+23.4%+29.4%
Q2 2025-2.6%+7.0%+4.5%
Q1 2025-0.0%-4.6%-12.3%
Q4 2024-5.1%-3.6%+3.0%
Q3 2024-0.5%+0.1%-6.1%
Q2 2024-0.6%+2.6%-1.3%
Q1 2024-13.7%-11.0%-7.2%
Q4 2023+4.7%+9.1%+17.1%
Q3 2023-2.8%-7.6%-11.1%
Q2 2023-5.2%-2.3%+11.9%
Q1 2023+14.0%+9.2%+5.0%
Q4 2022-2.0%-3.4%-1.4%
Q3 2022+4.4%-1.1%-10.7%
Q2 2022+2.5%+2.5%+8.7%
Q1 2022-2.5%-8.5%-6.0%
Q4 2021-4.9%-2.3%-9.1%
Q3 2021+12.2%+28.4%+36.8%
Q2 2021-10.3%-14.4%-1.5%
Q1 2021+6.6%+12.1%+14.6%
Q4 2020+2.5%-0.9%+5.1%
Q3 2020+0.7%-6.0%-1.7%
Q2 2020-17.0%-17.1%-14.6%
Q1 2020-3.5%-8.2%-19.2%
Q4 2019-4.8%-8.6%+3.9%
Q3 2019-2.0%-8.9%-8.0%
Q2 2019+3.1%+0.7%-15.1%
Q1 2019+2.0%+2.4%+8.7%
Q4 2018+1.8%-2.6%-8.6%
Q3 2018+1.8%+1.4%-2.2%
Q2 2018+3.6%+3.1%+4.0%
Q1 2018+0.4%-9.1%-1.3%
Q4 2017+8.8%+13.1%+2.7%
Q3 2017-12.2%-6.7%-11.2%
Q2 2017-1.4%-5.3%+0.8%
Q1 2017+10.7%+16.9%+16.3%
Q4 2016+5.6%+5.6%+15.2%
Q3 2016-0.8%+1.5%+0.6%
Q2 2016+3.9%
Q1 2016+15.4%
Q4 2015-1.5%
Q3 2015+1.5%
Q2 2015-15.2%
Q1 2015+8.3%
Q4 2014-5.9%
Q3 2014+1.2%
Q2 2014+16.5%
Q1 2014+9.5%
Q4 2013-7.6%
Q3 2013+2.4%
Q2 2013+0.5%
Q1 2013-12.0%
Q4 2012-2.1%
Q3 2012+10.6%
Q2 2012-1.8%
Q1 2011+1.2%
Q1 2012+0.9%
Q4 2009+0.0%
Q2 2011+0.0%
Q4 2011+0.0%
Q3 2010+4.7%
Q4 2010+4.7%
Q3 2011+4.7%
Q2 2010-11.1%
Q1 2010+13.0%

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