Kla Corp Stock Price, News & Analysis

KLA Corporation (NASDAQ: KLAC) declared a quarterly cash dividend of $1.30 per share, set to be paid on Sept. 1, 2022. Shareholders must be on record by the close of business on Aug. 15, 2022. This decision underscores KLA's commitment to returning value to its investors, reflecting confidence in its financial health and ongoing operational stability.

KLA Corporation reported strong financial results for the fourth quarter and fiscal year ended June 30, 2022. Total revenues were $2.49 billion, with GAAP net income of $805.4 million and diluted EPS of $5.40. Non-GAAP diluted EPS reached $5.81. For the fiscal year, total revenues were $9.21 billion, and GAAP net income was $3.32 billion.

Operating cash flow for the quarter was $819.2 million, with free cash flow of $746.1 million. The company plans to generate revenues between $2.475 billion and $2.725 billion in Q1 fiscal 2023.

KLA Corporation has announced a cash tender offer for up to $500 million in aggregate principal amount of its 4.650% Senior Notes due 2024. The Tender Offer, initiated on June 21, 2022, aims to purchase notes at a Total Consideration of $1,024.50 per $1,000 principal, which includes a $30 Early Tender Payment. The offer is expected to be prorated due to anticipated oversubscription and will close on July 5, 2022. Payment for accepted notes will occur on July 7, 2022. KLA retains the discretion to terminate the offer at any time.

KLA Corporation (NASDAQ: KLAC) announced the early results of its cash tender offer for up to $500 million of its 4.650% Senior Notes due 2024. As of July 5, 2022, holders had validly tendered $705.8 million, exceeding the maximum amount, meaning purchases will occur on a prorated basis. Those who tendered by the early deadline will receive a $30 early tender payment per $1,000 of notes accepted. The early settlement date is set for July 7, 2022, with accrued interest included in the total consideration.

KLA Corporation (NASDAQ: KLAC) will review its fourth quarter fiscal year 2022 earnings on July 28, 2022, at 2 p.m. PT. The results will be released after market close, accompanied by a shareholder letter and an earnings slide presentation. Investors can access the earnings disclosures and a live webcast on KLA's investor relations page.

These announcements are part of KLA's commitment to keep investors informed about material financial information and ongoing developments in the electronics industry.

KLA Corporation announced an accelerated share repurchase agreement worth $3.0 billion with Goldman Sachs and Citibank. This transaction is part of KLA's previously announced share repurchase programs, with approximately $3.233 billion remaining in authorization. KLA will initially receive around 6,549,000 shares as part of the buyback, with final settlement expected by December 31, 2022. This move aims to enhance shareholder value and reduce the total share count, potentially impacting earnings per share positively.

KLA Corporation (NASDAQ: KLAC) announced on June 21, 2022, a firm commitment underwriting agreement to sell $1 billion of 4.650% Senior Notes due 2032, $1.2 billion of 4.950% Senior Notes due 2052, and $800 million of 5.250% Senior Notes due 2062. The offering will settle on June 23, 2022, with net proceeds estimated at $2.96 billion. A portion will fund a concurrent tender offer for its 2024 Notes, while the remainder will be used to repurchase $3 billion in common stock following the offering's closing.

KLA Corporation (NASDAQ: KLAC) has initiated a cash Tender Offer to purchase up to $500,000,000 of its 4.650% Senior Notes due 2024. The offer will be funded through proceeds from a concurrent senior notes offering. KLA reserves the right to modify the Maximum Amount of the Tender Notes. The Tender Offer is open until July 19, 2022, with an early tender deadline on July 5, 2022. Holders may receive an early tender payment of $30.00 per $1,000 principal amount if tendered early. The offer aims to refinance a portion of KLA's debt.

KLA Corporation (NASDAQ: KLAC) has announced a new $6 billion share repurchase authorization, including an accelerated share repurchase of approximately $3 billion within the next 3-6 months. The company also raised its quarterly dividend by 24% to $1.30 per share, marking the 13th consecutive annual dividend increase. Additionally, KLA confirmed its revenue guidance for the June 2022 quarter, estimating between $2.3 billion and $2.55 billion, with non-GAAP diluted earnings per share projected between $4.93 and $6.03.