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)

*Expressed in percentage points

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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Fool by Numbers is designed to give you the raw earnings information in a timely fashion, putting all the numbers you need in one easy-to-read place. But at The Motley Fool, we believe numbers tell only part of the story, so check Fool.com for more of our in-depth discussion of what the numbers mean. This data has been provided by Netscribes. To provide feedback on this article, please click on the "feedback" button below.