On Feb. 5, semiconductor yield-management specialist KLA-Tencor (NASDAQ:KLAC) released second-quarter earnings for the period ended Dec. 31.

  • After admitting to falsification of records, forcing out some top executives, and restating past financial results, the company is hoping the options-backdating scandal is behind it.
  • Robust growth in the product and service segments led to a 33% rise in revenues.
  • KLA-Tencor carries an average three-star rating in Motley Fool CAPS.

(Figures in millions, except per-share data)

Income Statement Highlights

Q2 2007

Q2 2006

Change

Sales

$649.3

$487.7

33.1%

Net Profit

$90.0

$76.6

17.5%

EPS

$0.44

$0.38

15.8%

Diluted Shares

205.0

203.9

0.5%



Get back to basics with a look at the income statement.

Margin Checkup

Q2 2007

Q2 2006

Change*

Gross Margin

54.4%

55.7%

(1.3)

Operating Margin

12.1%

15.4%

(3.3)

Net Margin

13.9%

15.7%

(1.8)

*Expressed in percentage points.

Margins are the earnings engine. See how they work.

Balance Sheet Highlights

Assets

Q2 2007

Q2 2006

Change

Cash + ST Invest.

$2,142.9

$2,227.2

(3.8%)

Accounts Rec.

$448.5

$371.9

20.6%

Inventory

$564.6

$411.8

37.1%



Liabilities

Q2 2007

Q2 2006

Change

Accounts Payable

$104.2

$79.1

31.7%

Long-Term Debt

--

--

--



Learn the ways of the balance sheet.

Cash Flow Highlights

We can only hope management decides to include a cash flow statement with future earnings reports.

Find out why Fools always follow the money.

Related Companies:

  • Advantest (NYSE:ATE)
  • Applied Materials (NASDAQ:AMAT)
  • ASML Holdings (NASDAQ:ASML)
  • Advanced Semiconductor Engineering (NYSE:ASX)
  • Siliconware Precision Industries (NASDAQ:SPIL)

Related Foolishness:

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