On Nov. 16, semiconductor equipment maker Kulicke& Soffa Industries (NASDAQ:KLIC) released fourth-quarter earnings for the period ended Sept. 30.
- The quarter was characterized by flat sales and declining EPS.
- Margins and EPS declined on higher cost of sales and R&D expense. The higher cost of the gold metal in gold wire was one culprit.
- The stock carries a two-star rating in Motley Fool CAPS. (Feel free to add your own rating.)
(Figures in millions, except per-share data)
Income Statement Highlights
|
Q4 2006 |
Q4 2005 |
Change | |
|---|---|---|---|
|
Sales |
$161.4 |
$162.0 |
(0.3%) |
|
Net Profit |
$9.3 |
$20.6 |
(54.9%) |
|
EPS |
$0.14 |
$0.31 |
(54.8%) |
|
Diluted Shares |
69.2 |
68.6 |
0.8% |
Get back to basics with a look at the income statement.
Margin Checkup
|
Q4 2006 |
Q4 2005 |
Change* | |
|---|---|---|---|
|
Gross Margin |
24.2% |
31.4% |
(7.2) |
|
Operating Margin |
6.2% |
14.9% |
(8.7) |
|
Net Margin |
5.7% |
12.7% |
(7.0) |
Margins are the earnings engine. See how they work.
Balance Sheet Highlights
|
Assets |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Cash + ST Invest. |
$155.3 |
$94.0 |
65.2% |
|
Accounts Rec. |
$120.7 |
$128.4 |
(6%) |
|
Inventory |
$47.9 |
$46.1 |
3.8% |
|
Liabilities |
Q4 2006 |
Q4 2005 |
Change |
|---|---|---|---|
|
Accounts Payable |
$46.5 |
$53.5 |
(13.1%) |
|
Long-Term Debt |
$195.0 |
$270.0 |
(27.8%) |
Learn the ways of the balance sheet.
Cash Flow Highlights
Unfortunately, the company did not provide a cash flow statement with the earnings release.
Find out why Fools always follow the money.
Related Companies:
- Veeco Instruments (NASDAQ:VECO)
- Mattson Technology (NASDAQ:MTSN)
- Sigma Designs (NASDAQ:SIGM)
Related Foolishness:
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