Kulicke & Soffa Inds Inc Stock Price, News & Analysis

Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC) announced a conference call to discuss its second fiscal quarter 2023 financial results on May 4, 2023, at 8:00 AM EDT. The company will release its financial results on the evening of May 3, 2023. Interested parties can join the call by dialing +1-877-407-8037 or through a live webcast available at investor.kns.com. A replay of the call will be accessible from May 4 through May 11. Kulicke and Soffa specializes in semiconductor and electronic assembly equipment, offering solutions that support technology transitions in various large-scale markets.

Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC) announced a quarterly dividend of $0.19 per share, set to be paid on April 10, 2023, to shareholders on record as of March 23, 2023. The company continues to reinforce its commitment to returning value to shareholders while maintaining a leadership position in providing semiconductor, LED, and electronic assembly solutions globally. This dividend reflects KLIC's ongoing performance and confidence in future growth within the automotive, consumer, and industrial markets.

Kulicke and Soffa Industries (NASDAQ: KLIC) has successfully acquired Advanced Jet Automation Co., Ltd. (AJA), enhancing its semiconductor and electronic assembly portfolio. This acquisition includes AJA's high-precision micro-dispensing technology, which bolsters Kulicke and Soffa's capabilities in mini and micro LED applications.

The total available dispense market is projected to reach $2.6 billion by 2026, increasing Kulicke and Soffa's total addressable market to $8.6 billion. AJA will function as an independent business unit, leveraging the Company's global sales and R&D capabilities.

Kulicke and Soffa (NASDAQ: KLIC) reported its Q1 2023 financial results, revealing net revenue of $176.2 million, down 61.8% year-over-year, with a net income of $14.6 million, equating to an EPS of $0.25. Gross profit stood at $88.7 million, marking a 60.3% decline, yet the gross margin improved slightly to 50.3%. The company anticipates $170 million in net revenue for Q2 2023, with challenges persisting in the macro environment. However, a positive sign was an increase in the book-to-bill ratio to 1.29, indicating strengthening demand in the semiconductor and packaging sectors.

Kulicke and Soffa Industries (NASDAQ: KLIC) announced a conference call set for February 2, 2023, at 8:00am EST to discuss its first fiscal quarter 2023 financial results and business outlook. The results will be released on the evening of February 1, 2023. Interested parties can join the call by dialing +1-877-407-8037 or via a live webcast accessible at investor.kns.com. A recording will be available after the call until February 9.