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Last $18.71 USD
Change Today -0.23 / -1.21%
Volume 133.4K
As of 8:10 PM 05/26/15 All times are local (Market data is delayed by at least 15 minutes).

newport corp (NEWP) Key Developments

Newport Seeks Acquisition

Newport Corp. (NasdaqGS:NEWP) plans to continue to efficiently allocate its capital to increase its earnings per share through accretive, strategic acquisitions, share buybacks and debt reductions.

Newport Corp. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Second Quarter and Full Year of 2015

Newport Corp. announced unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net income attributable to company of $8.7 million or $0.21 per diluted share on net sales of $156.7 million compared to net income attributable to company of $7.9 million or $0.19 per diluted share on net sales of $146.9 million reported in the same period last year. Operating income was $13.6 million against $12.5 million reported last year. Income before income taxes was $12.7 million against $11.6 million reported last year. Non-GAAP operating income was $21.9 million against $17.9 million reported last year. Non-GAAP net income was $14.6 million or $0.36 per diluted share against $11.6 million or $0.29 per diluted share reported last year. The company generated of $5.1 million of operating cash flow in the first quarter. The company expects to have record sales and non-GAAP net income in the year 2015. The company expects to generate operating cash in excess of $20 million in the second quarter of 2015. In the second quarter of 2015, the company expects sales to increase year-over-year once again, despite the anticipated unfavorable impact of foreign exchange rates, to between $154 million and $161 million, and expect to again achieve year-over-year increases in non-GAAP operating income and non-GAAP earnings per diluted share. The company expects to continue to maintain its gross margin above 45% in 2015 and beyond.

National Institutes of Health Selects Newport Corp. for Laser Maintenance

The U.S. Health and Human Services Department's National Institutes of Health, Bethesda, Maryland, has issued a combined synopsis/solicitation notice (NICHD-15-045) for the maintenance of Mai Tai H.P. Deep See laser with chiller. The approved sole source is Newport Corp., Santa Clara, California.

Newport Corp. to Report Q1, 2015 Results on May 06, 2015

Newport Corp. announced that they will report Q1, 2015 results at 5:00 PM, US Eastern Standard Time on May 06, 2015

Newport Corp., Q1 2015 Earnings Call, May 06, 2015

Newport Corp., Q1 2015 Earnings Call, May 06, 2015

 

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NEWP:US $18.71 USD -0.23

NEWP Competitors

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FARO Technologies Inc $42.89 USD -0.21
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Universal Electronics Inc $51.38 USD -0.43
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Industry Analysis

NEWP

Industry Average

Valuation NEWP Industry Range
Price/Earnings 21.4x
Price/Sales 1.2x
Price/Book 2.1x
Price/Cash Flow 21.1x
TEV/Sales 1.0x
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