August 30, 2016 12:37 AM ET

Semiconductors and Semiconductor Equipment

Company Overview of Xcerra Corporation

Company Overview

Xcerra Corporation provides test and handling capital equipment, interface products, and test fixtures and related services to the semiconductor and electronics manufacturing industries worldwide. It operates through six segments: Semiconductor Test, Semiconductor Handlers, Contactors, PCB Test, Probes/Pins, and Fixtures. The company offers Diamond series platform that offers high-density packaging for the testing of microcontrollers, and consumer and digital-based ASSP and ASIC devices; X-Series platform that offers configurations for the testing of analog-based ASSP and ASIC, power, automotive, mixed signal, and RF applications; and ASL platform for testing linear, low-end mixed signal, pr...

825 University Avenue

Norwood, MA 02062

United States

Founded in 1976

1,722 Employees

Phone:

781-461-1000

Key Executives for Xcerra Corporation

Chief Executive Officer, President and Director
Age: 57
Total Annual Compensation: $600.0K
Chief Financial Officer, Chief Operating Officer, Senior Vice President and Treasurer
Age: 52
Total Annual Compensation: $410.0K
Senior Vice President of Global Customer Team
Age: 54
Total Annual Compensation: $322.5K
Vice President of Semiconductor ATE Group
Age: 60
Total Annual Compensation: $266.3K
Compensation as of Fiscal Year 2015.

Xcerra Corporation Key Developments

Xcerra Corporation Presents at East Coast IDEAS Investor Conference, Jun-29-2016 09:20 AM

Xcerra Corporation Presents at East Coast IDEAS Investor Conference, Jun-29-2016 09:20 AM. Venue: Boston Park Plaza, 50 Park Plaza at Arlington St., Boston, MA 02116, United States.

Xcerra Corporation Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended April 30, 2016; Provides Earnings Guidance for the Fourth Quarter Ending July 31, 2016

Xcerra Corporation announced unaudited consolidated earnings results for the third quarter and nine months ended April 30, 2016. For the quarter, the company net sales were $82,237,000 compared to the prior quarter’s sales of $72,334,000. Loss from continuing operations before provision for income taxes was $795,000 compared to profit of $6,992,000 a year ago. Income from continuing operations was $624,000 compared to $7,025,000 a year ago. Net income was $3,157,000 or $0.06 per diluted share compared to $4,738,000 or $0.09 per diluted share a year ago. The company also generated positive EBITDA for the quarter of $4.4 million. The company generated approximately $82 million in cumulative EBITDA. For the nine months, the company reported net sales of $232,972,000 compared to $295,907,000 a year ago. Loss from continuing operations before provision for income taxes was $4,897,000 compared to profit of $26,403,000 a year ago. Loss from continuing operations was $5,390,000 compared to profit of $22,857,000 a year ago. Net income was $4,040,000 or $0.07 per diluted share compared to $20,730,000 or $0.38 per diluted share a year ago. For the fiscal quarter ending July 31, 2016, net sales are expected to be in the range of $80 million to $93 million. Non-GAAP net income for the quarter is expected to be in the range of $0.07 to $0.10 per share, assuming 53.5 million fully diluted shares outstanding. The company expected revenues to grow again approximately 8% to 13% sequentially. The company expects gross margins to be approximately 44% at the midpoint of that guidance. And the company also expect EBITDA at this revenue range to be approximately $8 million at the midpoint. For the fourth quarter of 2016, the company expects approximately $90 million of cumulative EBITDA since the Dover acquisitions.

Xcerra Eyes Acquisitions

Xcerra Corporation (NasdaqGS:XCRA) is seeking acquisitions. "We don't really talk in specifics about today but we're constantly looking at, is how do we expand our business inorganically by looking at strategic acquisitions. Areas like Titan Semi, which happened about 18 months ago, we're constantly looking to expand in our contactor space, handling space, and some other areas of semiconductor test. So, that really makes up the core strategy." said Dave Tacelli, Chief Executive Officer and President.

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