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SINGAPORE , Jan. 12, 2023 /PRNewswire/ -- Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC) ("Kulicke & Soffa", "K&S" or the "Company"), a global leader in the design and manufacture of semiconductor, LED and electronic assembly equipment, today announced a conference call is scheduled to discuss the Company's first fiscal quarter 2023 financial results, and its business outlook, on Thursday, February 2, 2023, at 8:00am EST. The Company will issue its first fiscal quarter 2023 financial results the evening of Wednesday, February 1, 2023.
Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC ) Q4 2022 Earnings Conference Call November 17, 2022 8:00 AM ET Company Participants Joseph Elgindy - Senior Director, Investor Relations Fusen Chen - President & Chief Executive Officer Lester Wong - Executive Vice President, Finance and IT and Chief Financial Officer Conference Call Participants Krish Sankar - Cowen and Company David Duley - Steelhead Securities Craig Ellis - B. Riley Charles Shi - Needham Operator Greeting and welcome to the Kulicke & Soffa 2022 Fourth Quarter Fiscal Results Call.
Kulicke and Soffa (KLIC) delivered earnings and revenue surprises of 30.77% and 2.26%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?
Semiconductor supply chain logistics create bigger problems for smaller industry providers
SINGAPORE , Oct. 26, 2022 /PRNewswire/ -- Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) ("Kulicke & Soffa", "K&S" or the "Company"), a global leader in the design and manufacture of semiconductor, LED and electronic assembly equipment, today announced a conference call is scheduled to discuss the Company's fourth fiscal quarter 2022 financial results, and its business outlook at 8:00am EST on Thursday, November 17, 2022. The Company will release its fourth fiscal quarter 2022 financial results after market close on Wednesday, November 16, 2022.
The Zacks Electronics - Manufacturing Machinery industry participants, Kulicke and Soffa (KLIC), Axcelis (ACLS) and Veeco (VECO), are benefiting from increased capital spending on high-performance computing, advanced packaging and memory.
After years of high stock performance, Kulicke And Soffa's shares have taken a beating in 2022. In the last decade, the company has shown an ability to grow profitably.
Kulicke and Soffa Industries, Inc. earnings have remained resilient despite a decline in revenue, but that will change with guidance calling for a steep deterioration. Kulicke and Soffa believes demand will recover after 2-3 quarters, but history suggests earnings won't be as good as the past two years.
Recently, the company announced that it had inked an agreement to acquire Advanced Jet Automation. The forward P/E of the company is 72% lower compared to the sector median.