FEI Company Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 28, 2015; Provides Earnings Guidance for the Third Quarter of 2015 and Reaffirms Earnings Guidance for the Full Year 2015
Jul 30 15
FEI Company reported unaudited consolidated earnings results for the second quarter and six months ended June 28, 2015. For the quarter, the company reported operating income of $45,905,000, income before taxes of $45,315,000, net income of $37,332,000 or $0.89 basic and diluted per share on total net sales of $224,189,000 against operating income of $30,815,000, income before taxes of $30,009,000, net income of $24,948,000 or $0.59 basic and diluted per share on total net sales of $236,955,000 for the same period a year ago. Net cash provided by operating activities was $65,860,000 against $15,976,000 for the same period a year ago. Acquisition of property, plant and equipment was $2,677,000 against $18,986,000 for the same period a year ago. EBITDA for the quarter was $55 million, an increase of 30% from last year.
For the six months, the company reported operating income of $82,153,000, income before taxes of $80,596,000, net income of $65,344,000 or $1.55 diluted per share on total net sales of $445,005,000 against operating income of $61,701,000, income before taxes of $60,625,000, net income of $50,026,000 or $1.17 diluted per share on total net sales of $463,220,000 for the same period a year ago. Net cash provided by operating activities was $88,984,000 against $44,424,000 for the same period a year ago. Acquisition of property, plant and equipment was $7,869,000 against $23,322,000 for the same period a year ago.
For the third quarter of 2015, the company currently expects reported revenue to be in the range of $215 million to $225 million. This range includes a negative impact related to the stronger U.S. dollar of approximately 5% as compared to the third quarter of 2014. Earnings per fully diluted share are expected to be in the range of
$0.70 to $0.80. This range is based on an expected tax rate for the third quarter of approximately 20%.
For full year 2015, the company continues to expect organic revenue growth to be in the range of 4% to 7% compared with 2014 and earnings per fully diluted share in the range of $3.40 to $3.70. This EPS range is based on an expected tax rate for the full year of approximately 20%. Based on current exchange rates, the stronger U.S. dollar is expected to negatively impact full year 2015 reported revenue growth by approximately 5% as compared to the full year 2014.
FEI Company Launches New DualBeam Plasma Focused Ion Beam
Jun 29 15
FEI Company has launched a new DualBeam plasma focused ion beam, or PFIB, for sample preparation, electrical fault isolation, or EFI, and electrical failure analysis, or EFA, on sub-20nm semiconductor devices. The Helios PFIB EFI is the only fully-integrated solution that improves time-to-results from days to just a few hours. Eliminating these bottlenecks helps to reduce the process debug and device analysis cycle time by 50-80% and improve yields to near 100%, enabling chip makers to achieve significantly faster time-to-volume manufacturing. The system boosts deprocessing yields for 10nm devices by using FEI's unique Dx delayering solution.
FEI Company Approves Quarterly Cash Dividend, Payable on July 28, 2015
Jun 4 15
FEI Company announced that its Board of Directors has approved an increase in the company's quarterly cash dividend from $0.25 to $0.30 per share of common stock. The $0.30 per share dividend will be paid on July 28, 2015 to all shareholders of record as of the close of business on July 16, 2015.