Filing Flows › Kulicke & Soffa Industries (KLIC) › Q4 FY24
Kulicke & Soffa Industries (KLIC) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Nov 14, 2024
Kulicke & Soffa Industries (KLIC) reported revenue of $181M for the fourth quarter fiscal 2024 (Q4 FY24), -10% from a year earlier and -0.2% from the quarter before. Operating margin was 1.5%, net earnings $12.1M (6.7% of revenue).
Kulicke & Soffa Industries, Q4 FY24: revenue $181M (-10% year over year), operating margin 1.5%, net earnings $12.1M, operating cash flow $31.6M. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $181M | -0.2% | -10% |
| Gross profit | $87.7M | +3% | -9% |
| Operating profit | $2.7M | -68% | -86% |
| Net earnings | $12.1M | -1% | -48% |
| Operating cash flow | $31.6M | +18% | -59% |
| Free cash flow | $29.2M | +20% | -57% |
What changed
Revenue was $181.3M in Q4 FY24, down 10% year over year and roughly flat from the previous quarter.
Gross margin was 48.3%, up 1.0 points from a year earlier. Operating profit was $2.7M, a 1.5% margin (down 8.1 points year over year). Operating expenses grew 11% against a revenue fall of 10%. The fastest-growing cost line was SG&A (+19%). Net earnings were $12.1M, down 48% year over year. The effective tax rate was -20.2%. Non-operating items added $7.4M, 73% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $31.6M (down 59% year over year), 261% of net earnings. Non-cash charges added back $4.8M of depreciation and amortization and $6.4M of share-based compensation. Working capital and other items added $8.2M. Capital expenditures of $2.5M left free cash flow of $29.2M.
Questions
What was Kulicke & Soffa Industries' revenue in the fourth quarter fiscal 2024?
Kulicke & Soffa Industries (KLIC) reported revenue of $181M for the fourth quarter fiscal 2024 (Q4 FY24), -10% from a year earlier and -0.2% from the quarter before.
Was Kulicke & Soffa Industries profitable in the fourth quarter fiscal 2024?
Operating profit was $2.7M (1.5% of revenue) and net earnings $12.1M.