Welcome to our dedicated page for Veeco Instrs Del news (Ticker: VECO), a resource for investors and traders seeking the latest updates and insights on Veeco Instrs Del stock.
Veeco Instruments Inc. (NASDAQ: VECO) is a manufacturer of semiconductor process equipment whose technologies are frequently highlighted in industry and financial news. Company updates describe how its laser annealing, ion beam, MOCVD, single wafer etch & clean, lithography and CVD systems support the fabrication and packaging of advanced semiconductor devices across memory, power, optical and packaging applications.
News about Veeco often covers its participation in investor conferences, quarterly financial results and guidance, and major corporate developments. For example, Veeco issues press releases and Form 8-K filings when it reports quarterly earnings, posts investor presentations, or comments on regulatory changes that may affect its business, such as U.S. export control rules related to certain China-based customers.
Product- and customer-focused announcements are another key theme in VECO news. Recent releases describe evaluation shipments of laser spike annealing systems to leading semiconductor memory companies, orders for Propel®300 MOCVD systems for GaN-on-Si power devices, and multiple orders for wet processing and lithography platforms to support advanced packaging and silicon photonics at specialist foundries. Veeco also reports on orders for Lumina™ and Lumina+ MOCVD systems used in InP and As/P epitaxy for optical communications and compound semiconductor products.
Strategic and corporate actions feature prominently as well. Veeco and Axcelis Technologies announced a definitive all-stock merger agreement under which a wholly owned Axcelis subsidiary will merge with and into Veeco, with Veeco becoming a wholly owned subsidiary of Axcelis, subject to regulatory and shareholder approvals. Investors following VECO news can track these transaction updates alongside ongoing operational and product announcements.
This news page aggregates such releases and related coverage so readers can monitor Veeco’s financial disclosures, technology milestones, customer wins and merger-related developments in one place.
Veeco Instruments has announced a privately negotiated note purchase agreement with Lynrock Lake LP, allowing it to repurchase approximately $111.5 million of its outstanding 2.70% Convertible Senior Notes due in 2023 for around $115.6 million in cash, plus $1.0 million in accrued interest. This strategic move will enable Veeco to retire over 80% of its debt maturity obligation for 2023, thereby de-leveraging its balance sheet and reducing potential dilution. The repurchase is anticipated to close on November 10, 2021.
Veeco Instruments reported robust financial growth for the third quarter of 2021. Revenues reached $150.2 million, up from $112.1 million in Q3 2020. GAAP net income surged to $9.0 million ($0.17 per diluted share) compared to $0.6 million ($0.01 per diluted share) last year. Non-GAAP net income also rose to $20.5 million ($0.40 per diluted share), from $11.0 million ($0.22 per diluted share) in the previous year. Veeco anticipates Q4 2021 revenues between $140 million and $160 million, with GAAP diluted EPS ranging from $0.04 to $0.22.
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Veeco Instruments Inc. (NASDAQ: VECO) will release its third quarter 2021 financial results on November 2, 2021, after market close. A conference call to discuss these results is scheduled for 5:00 PM ET on the same day. Interested parties can join the call by dialing 1-800-437-2398 or via a live webcast on the investor relations section of Veeco's website. The company specializes in manufacturing semiconductor process equipment and holds leading technology positions in its markets.
Paystand appoints Scott Bennion as its first Chief Financial Officer to enhance its financial leadership. Bennion, a SaaS and fintech veteran, previously led Sage Intacct and Recurly, and joins after Paystand's successful $50MM Series C financing. The company's payment volume has surpassed $2B with a workforce growth exceeding 100% in the past year. Paystand aims to revolutionize B2B payments using blockchain technology, offering zero transaction fees and expanding its impact on finance teams across 250,000 businesses.
Veeco Instruments (NASDAQ: VECO) will host a virtual analyst event on September 9, 2021, at 10:00 AM ET. The event aims to present a comprehensive growth strategy, end-market overview, and financial model from its executive leadership team. The session will last around two hours, with a live video webcast available on Veeco's Investor Relations website. Participants are encouraged to pre-register for the event. Following the presentation, a replay will be accessible from the same site.
Veeco Instruments Inc. (NASDAQ: VECO) has appointed Sujeet Chand, Ph.D., to its Board of Directors to enhance board diversity and leadership. Dr. Chand, 63, brings over 30 years of technology leadership, currently serving as Senior VP and CTO of Rockwell Automation. His experience includes key roles at XAP Corporation and Rockwell Scientific Company. CEO William J. Miller emphasized that Dr. Chand's unique background will foster innovation and creativity, benefitting shareholders. Veeco specializes in semiconductor process equipment, enhancing performance and cost efficiency.
Veeco Instruments Inc. (NASDAQ: VECO) announced that its management will present at the Oppenheimer Technology Internet & Communications Conference on August 11, 2021, at 9:55 AM EDT. The presentation will be available via live broadcast and can be accessed on Veeco's investor relations website. A replay will be available for at least two weeks following the event. Additionally, management will hold one-on-one meetings with investors during the conference, requiring interested parties to contact their Oppenheimer representative to arrange a meeting.
Veeco Instruments reported solid financial results for Q2 2021, achieving revenues of $146.3 million, up from $98.6 million year-over-year. The company posted a GAAP net income of $6.3 million, a significant turnaround from a loss of $8.3 million in Q2 2020. Non-GAAP net income also rose to $17.9 million compared to $5.5 million last year. Looking ahead, Veeco anticipates Q3 revenues between $135 million and $155 million and EPS guidance in the range of $0.02 to $0.20 (GAAP).
Veeco Instruments Inc. (NASDAQ: VECO) will announce its second quarter 2021 financial results after market close on August 3, 2021. A conference call to discuss these results is scheduled for 5:00 PM ET. Participants can join by calling 1-866-248-8441 or via a live webcast at ir.veeco.com. Veeco, an innovative manufacturer of semiconductor process equipment, focuses on technologies integral to the fabrication of advanced semiconductor devices.