April 30, 2017 10:57 PM ET

Semiconductors and Semiconductor Equipment

Company Overview of Nova Measuring Instruments Ltd.

Company Overview

Nova Measuring Instruments Ltd. designs, develops, produces, and sells process control systems used in the manufacture of semiconductors in Israel. The company offers in-line and x-ray stand-alone metrology systems, as well as integrated optical metrology systems that attach directly to wafer fabrication process equipment. Its products include thin film and optical CD process control for dimensional, films, and material metrology measurements for process control across various semiconductor manufacturing process steps, including lithography, etch, chemical mechanical polishing, and deposition. The company serves various sectors of the integrated circuit manufacturing industry, including logi...

Building 22

2nd Floor

Weizmann Science Park

Einstein Street, POB 266

Ness Ziona,  7610201

Israel

Founded in 1993

404 Employees

Phone:

972 73 229 5600

Fax:

972 8 940 7776

Key Executives for Nova Measuring Instruments Ltd.

Chief Executive Officer and President
Age: 50
Total Annual Compensation: $985.9K
Chief Financial Officer
Age: 47
Total Annual Compensation: $445.7K
Corporate Vice President of Operations
Age: 54
Total Annual Compensation: $312.9K
Chief Technology Officer
Age: 44
Total Annual Compensation: $337.8K
Senior Corporate Vice President of Modeling Software Division
Age: 56
Total Annual Compensation: $309.1K
Compensation as of Fiscal Year 2015.

Nova Measuring Instruments Ltd. Key Developments

Nova Measuring Instruments Ltd. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2016; Provides Earnings Guidance for the First Quarter Ending March 31, 2017 and Provides Tax Guidance for the Year 2017

Nova Measuring Instruments Ltd. reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company reported total revenues of $50,212,000 compared to $40,022,000 a year ago. Operating income was $10,781,000 compared to $3,570,000 a year ago. Income before tax on income was $10,971,000 compared to $3,754,000 a year ago. Net income was $8,364,000 or $0.30 per basic and diluted share compared to $5,161,000 or $0.19 per basic and diluted share a year ago. Net cash used in operating activities was $1,518,000 compared to net cash provided by operating activities of $12,716,000 a year ago. Additions to property and equipment were $1,518,000 compared to $2,205,000 a year ago. Non-GAAP operating income was $12,108,000 compared to $5,764,000 a year ago. Non-GAAP net income was $11,719,000 or $0.42 per diluted share compared to $5,278,000 or $0.19 per diluted share a year ago. For the year, the company reported total revenues of $163,903,000 compared to $148,514,000 a year ago. Operating income was $10,166,000 compared to $11,581,000 a year ago. Income before tax on income was $11,382,000 compared to $12,224,000 a year ago. Net income was $9,644,000 or $0.35 per diluted share compared to $15,725,000 or $0.57 per diluted share a year ago. Net cash used in operating activities was $4,160,000 compared to net cash provided by operating activities of $25,788,000 a year ago. Additions to property and equipment were $4,160,000 compared to $4,373,000 a year ago. Non-GAAP operating income was $30,210,000 compared to $21,932,000 a year ago. Non-GAAP net income was $30,321,000 or $1.10 per diluted share compared to $21,030,000 or $0.76 per diluted share a year ago. The company provided earnings guidance for the first quarter ending March 31, 2017. For the first quarter of 2017, the company expects $50 million to $54 million in revenue, $0.31 to $0.39 in diluted non-GAAP EPS and $0.37 to $0.45 in diluted GAAP EPS. Free cash flow is expected to be very strong at a record level of between $15 million and $20 million. For the year, the company expects the effective tax rate to increase approximately 20% on a GAAP basis and 15% on a non-GAAP basis.

Nova Measuring Instruments Provides Revenue Guidance for the Fourth Quarter of 2016

Nova Measuring Instruments provided revenue guidance for the Fourth Quarter of 2016. For the quarter, the company expects revenue to be approximately $50 million, exceeding previously announced guidance of $42 million to $46 million. With these record quarterly revenue results, The company expects to post record yearly revenue of approximately $163 million.

Nova Measuring Instruments Ltd. to Report Q4, 2016 Results on Feb 14, 2017

Nova Measuring Instruments Ltd. announced that they will report Q4, 2016 results at 9:00 AM, Israel Standard Time on Feb 14, 2017

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