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Kulicke & Soffa Industries Inc. reports recurring developments in semiconductor assembly technology, including capital equipment and expendable tools used to assemble semiconductor devices. The company serves automotive, compute, industrial, memory and communications markets, with business areas tied to ball bonding, wedge bonding, advanced solutions, and aftermarket products and services.
News for KLIC commonly covers quarterly financial results, business outlook updates, conference-call schedules, dividends, and product portfolio expansion. Recent company updates have addressed memory-focused interconnect solutions, the ProMEM suite, advanced thermo-compression and hybrid bonding, vertical wire technologies, power semiconductor assembly, advanced dispense, and the ASTERION™-TW ultrasonic terminal welding system for power module manufacturing.
Kulicke and Soffa Industries, a leading firm in semiconductor and electronic assembly solutions, has scheduled a conference call for February 4, 2021 at 8:00 AM EST to discuss its financial results for the first fiscal quarter of 2021. The results will be released on February 3, 2021 after market close. Investors can participate by calling +1-877-407-8037 or via a live webcast at investor.kns.com. The conference aims to provide insights into the company's outlook and performance.
Kulicke and Soffa (NASDAQ: KLIC) expects fiscal Q1 2021 revenue to be approximately $265 million and non-GAAP EPS between $0.73 and $0.77, reflecting strong demand in semiconductor and LED markets. The Company anticipates ongoing recovery within the automotive sector throughout 2021. CEO Fusen Chen highlighted improved visibility and readiness to meet increased demand, with a detailed earnings call scheduled for February 4, 2021. Note that these estimates are preliminary and unaudited, subject to change.
Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC) has announced a 16.7% increase in its quarterly dividend to $0.14 per share. This dividend will be paid on January 11, 2021, to shareholders on record as of December 24, 2020. Over the past five fiscal years, KLIC has returned $349.6 million to investors through repurchases and dividends, maintaining a target of returning at least 50% of free cash flow to shareholders. The company is committed to sustainable growth through market expansion and aims to support technology transitions in various industries.
Kulicke and Soffa (NASDAQ: KLIC) reported strong Q4 2020 results with net revenue of $177.7 million, reflecting a 27.1% increase year-over-year. Net income rose to $15.8 million, a 146.9% jump, while diluted EPS reached $0.25, up 150%. The company repurchased $8.8 million in stock and declared a $0.12 quarterly dividend. For Q1 2021, KLIC expects revenue between $230 million and $250 million. CEO Fusen Chen highlighted entry into advanced display and increased demand from semiconductor markets as key growth drivers.
Kulicke & Soffa (NASDAQ: KLIC) announced a conference call on November 19, 2020, at 8:00 AM EST to discuss its fiscal Q4 and full-year 2020 financial results and outlook. The financial results will be released on November 18, 2020, after market close. Interested parties can join the call at +1-877-407-8037 or through a live webcast available at investor.kns.com. A replay will be accessible after the call until November 26 via toll-free numbers and the webcast.
Kulicke and Soffa Industries (NASDAQ: KLIC) announced a preliminary revenue estimate of approximately $177 million for the fourth fiscal quarter ending October 3, 2020, reflecting an 18% sequential growth from the previous quarter's revenue of $150.5 million. This growth is attributed to increased demand in the semiconductor and advanced LED markets. CEO Fusen Chen expressed optimism regarding ongoing demand from 5G and advanced displays, despite acknowledging dynamic market conditions. The earnings call is scheduled for November 19, 2020.