On Jan. 25, Kulicke & Soffa (NASDAQ:KLIC) released fiscal first-quarter earnings for the period ended Dec. 30.

  • Revenues declined by 25.6% to $152.3 million, primarily because of weakness in the equipment segment.
  • An 83.9% decline in net profit was attributed to lower sales and higher research and development expenses.
  • The company spent $29.4 million for the Alphasem acquisition, leaving cash and equivalents at $139.5 million.
  • Kulicke & Soffa is rated a three-star stock in Motley Fool CAPS.

(Figures in millions, except per-share data)

Income Statement Highlights

Q1 2007

Q1 2006

Change

Sales

$152.3

$204.6

(25.6%)

Net Profit

$4.9

$30.6

(83.9%)

EPS

$0.08

$0.45

(82.2%)

Diluted Shares

69.5

68.2

1.8%



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

Margin Checkup

Q1 2007

Q1 2006

Change*

Gross Margin

25.4%

32.0%

(6.6)

Operating Margin

3.4%

17.7%

(14.3)

Net Margin

3.2%

15.0%

(11.7)

*Expressed in percentage points.

Margins are the earnings engine. See how they work.

Balance Sheet Highlights

Assets

Q1 2007

Q1 2006

Change

Cash + ST Invest.

$139.5

$91.5

52.3%

Accounts Rec.*

$123.1

$179.5

(31.4%)

Inventory

$58.3

$62.9

(7.4%)

*Includes notes receivable also.

Liabilities

Q1 2007

Q1 2006

Change

Accounts Payable

$37.5

$80.5

(53.4%)

Long-Term Debt

$195.0

$270.0

(27.8%)



Learn the ways of the balance sheet.

Related Companies:

  • ASM (NASDAQ:ASMI)
  • KLA-Tencor (NASDAQ:KLAC)
  • Novellus Systems (NASDAQ:NVLS)

Related Foolishness:

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