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Last $18.92 USD
Change Today -0.19 / -0.99%
Volume 136.8K
As of 8:10 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

newport corp (NEWP) Key Developments

Newport Corporation Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended Jan. 3, 2015; Provides Earnings Guidance for the First Quarter Ending April 4, 2015

Newport Corporation reported unaudited consolidated earnings results for the fourth quarter and year ended Jan. 3, 2015. For the quarter, the company reported net sales of $158,729,000 compared to $154,176,000 a year ago. Operating income was $12,993,000 compared to $14,829,000 a year ago. Income before income taxes was $11,500,000 compared to $13,811,000 a year ago. Net income attributable to the company was $8,750,000 or $0.22 per diluted share compared to $9,756,000 or $0.24 per diluted share a year ago. Non-GAAP operating income was $21,540,000 compared to $23,053,000 a year ago. Non-GAAP net income was $15,445,000 or $0.38 per diluted share compared to $15,340,000 or $0.38 per diluted share a year ago. Cash generated from operations was $18.8 million. For the year, the company reported net sales of $605,150,000 compared to $560,054,000 a year ago. Operating income was $51,765,000 compared to $31,281,000 a year ago. Income before income taxes was $47,680,000 compared to $21,436,000 a year ago. Net income attributable to the company was $35,058,000 or $0.87 per diluted share compared to $15,601,000 or $0.39 per diluted share a year ago. Non-GAAP operating income was $79,014,000 compared to $65,295,000 a year ago. Non-GAAP net income was $54,203,000 or $1.34 per diluted share compared to $41,706,000 or $1.05 per diluted share a year ago. Cash generated from operations was $57.8 million. For the first quarter ending April 4, 2015, the company expects earnings per diluted share of $0.15 - $0.22, amortization of intangible assets of $0.04 per share, non-GAAP earnings per diluted share of $0.27 - $0.34 and sales to be in the range of $147 million to $154 million.

Newport Corporation Mulls Acquisition

Newport Corp. (NasdaqGS:NEWP) is seeking acquisitions. Chuck Cargile, Senior Vice President, Chief Financial officer and Treasurer of Newport Corporation, said in Newport Corporation earnings call, “Furthermore, we will continue to effectively utilize our strong cash generation to make accretive, strategic acquisitions, buy back Newport shares, and/or reduce our debt.”

Newport Corp. Presents at Stifel, Nicolaus Technology, Internet & Media Conference, Feb-10-2015 08:35 AM

Newport Corp. Presents at Stifel, Nicolaus Technology, Internet & Media Conference, Feb-10-2015 08:35 AM. Venue: The Westin St. Francis, San Francisco, California, United States. Speakers: Charles F. Cargile, Chief Financial Officer, Senior Vice President and Treasurer, Robert J. Phillippy, Chief Executive Officer, President and Director.

Newport Corp. to Report Q4, 2014 Results on Feb 09, 2015

Newport Corp. announced that they will report Q4, 2014 results at 5:00 PM, US Eastern Standard Time on Feb 09, 2015

Newport Corp., Q4 2014 Earnings Call, Feb 09, 2015

Newport Corp., Q4 2014 Earnings Call, Feb 09, 2015

 

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Industry Analysis

NEWP

Industry Average

Valuation NEWP Industry Range
Price/Earnings 21.9x
Price/Sales 1.2x
Price/Book 2.1x
Price/Cash Flow 21.4x
TEV/Sales 1.0x
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