Kla Corp Stock Price, News & Analysis

KLA Corporation (NASDAQ: KLAC) plans to invest over $100 million to establish a new R&D and manufacturing center in Newport, Wales. The facility will span 200,000 square feet, featuring offices, cleanrooms, and support facilities, aiming to accommodate 750 employees. The project, set for completion in early 2025, aligns with KLA's growth in its SPTS division and focuses on sustainable design to achieve a BREEAM Excellent rating. This expansion is expected to bolster collaboration with local universities and enhance KLA's semiconductor capabilities.

KLA Corporation (NASDAQ: KLAC) has announced ambitious targets to reduce its Scope 1 and 2 emissions by 50% by 2030 and achieve net zero emissions by 2050. These goals align with the Science Based Targets Initiative and reflect KLA's commitment to sustainable growth amid global climate concerns. The company also reported a total of $3.9 million in grants for community support and COVID-19 relief, alongside efforts to enhance inclusion and diversity. KLA aims to utilize 100% renewable electricity by 2030, furthering its focus on environmental responsibility.

KLA Corporation (NASDAQ: KLAC) has announced three upcoming investor conference webcasts. The events include: the 2nd Annual Evercore ISI Technology Conference on Sept. 8, 2022, at 11:00 a.m. ET; Citi's 2022 Global Technology Conference on Sept. 9, 2022, at 10:30 a.m. ET; and Goldman Sachs Communacopia + Technology Conference on Sept. 13, 2022, at 10:45 a.m. PT. Live webcasts will be accessible on KLA's Investor Relations page, with replays available post-event. For more details, visit ir.kla.com.

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.