KLA-Tencor Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended December 31, 2015; Provides Earnings Guidance for the Third Quarter Ending March 2016
January 28, 2016 at 09:54 pm
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KLA-Tencor Corporation reported unaudited consolidated earnings results for the second quarter and six months ended December 31, 2015. For the quarter, the company reported total revenues of USD 710,245,000 compared to USD 676,357,000 a year ago. Income before income taxes was USD 185,475,000 compared to loss before income taxes of USD 6,268,000 a year ago. Net income was USD 152,207,000 or USD 0.98 per basic and diluted share compared to USD 20,268,000 or USD 0.12 per diluted share a year ago. Non-GAAP net income was USD 161,757,000 or USD 1.04 per diluted share compared to USD 112,826,000 or USD 0.68 per diluted share a year ago. Net cash provided by operating activities was USD 100,324,000 compared to USD 11,084,000 a year ago. Capital expenditures, net were USD 7,938,000 compared to USD 12,783,000 a year ago.
For the six months period, the company reported total revenues of USD 1,352,889,000 compared to USD 1,319,258,000 a year ago. Income before income taxes was USD 319,774,000 compared to USD 92,739,000 a year ago. Net income was USD 257,104,000 or USD 1.64 per diluted share compared to USD 92,501,000 or USD 0.56 per diluted share a year ago. Non-GAAP net income was USD 273,953,000 or USD 1.75 per diluted share compared to USD 191,575,000 or USD 1.15 per diluted share a year ago.
For the third quarter ending March 2016, the company's revenue is expected to be in the range of USD 690 million to USD 750 million, with non-GAAP earnings per diluted share in the range of USD 0.86 per share to USD 1.06 per share. GAAP earnings per diluted share is expected to be in the range of USD 0.83 per share to USD 1.01 per share.
KLA Corporation is one of the world leaders in the design, production and marketing of control and improvement procedures for semiconductor production processes. Net sales break down by family of products and services as follows:
- inspection systems (41.3%): for the detection, counting, classification and characterization of defects linked to the manufacture of silicon wafers and semiconductors;
- metrology and extreme ultraviolet lithography systems (26.6%): for the control of lithography, coating, and engraving processes;
- services (20.2%): consulting, technical assistance, installation, maintenance, etc.;
- advanced vacuum deposition and etching process tools (4.7%);
- printed circuit board, display and electronic component inspection systems (3.6%);
- other (3.6%): primarily defect analysis equipment and software.
Net sales are distributed geographically as follows: North America (12%), China (27.3%), Taiwan (23.8%), Korea (18%), Japan (8.4%), Europe and Israel (6.5%) and Asia (4%).
KLA-Tencor Corporation Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended December 31, 2015; Provides Earnings Guidance for the Third Quarter Ending March 2016
KLA CORPORATION 
