September 30, 2016 3:27 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 two segments, Semiconductor Test Solutions and Electronic Manufacturing Solutions. 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, precision analog, and powe...

825 University Avenue

Norwood, MA 02062

United States

Founded in 1976

1,676 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 Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended July 31, 2016; Provides Earnings Guidance for the First Quarter Ending October 31, 2016

Xcerra Corporation reported unaudited consolidated earnings results for the fourth quarter and full year ended July 31, 2016. For the quarter, the company reported net sales of $91,234,000 compared to $102,072,000 a year ago. Income from continuing operations before provision for income taxes was $5,696,000 compared to $7,744,000 a year ago. Income from continuing operations was $8,184,000 or $0.15 per basic and diluted share compared to $8,407,000 or $0.15 per basic and diluted share a year ago. Net income was $7,134,000 or $0.13 per basic and diluted share compared to $7,496,000 or $0.14 per diluted share a year ago. Non-GAAP net income was $6,320,000 or $0.12 per basic and diluted share compared to $8,719,000 or $0.16 per basic and diluted share a year ago. The company generated a positive EBITDA of $9.2 million. For the year, the company reported net sales of $324,206,000 compared to $397,978,000 a year ago. Income from continuing operations before provision for income taxes was $799,000 compared to $34,106,000 a year ago. Income from continuing operations was $2,459,000 or $0.05 per diluted share compared to $31,518,000 or $0.58 per diluted share a year ago. Net income was $11,174,000 or $0.21 per diluted share compared to $28,226,000 or $0.52 per diluted share a year ago. Non-GAAP net income was $1,864,000 or $0.03 per diluted share compared to $34,013,000 or $0.62 per diluted share a year ago. For the fiscal quarter ending, October 31, 2016, net sales are expected to be in the range of $80 million to $84 million. Non-GAAP net income for the quarter is expected to be in the range of ($0.03) to $0.01 per share, assuming 54 million fully diluted shares outstanding. The non-GAAP net income guidance excludes amortization of purchased intangible assets of approximately $0.2 million. The company expects about a gross margin of 43%. EBITDA expects to be approximately $3 million at the midpoint of this revenue range.

Xcerra Corporation to Report Q4, 2016 Results on Sep 01, 2016

Xcerra Corporation announced that they will report Q4, 2016 results at 9:00 AM, Eastern Standard Time on Sep 01, 2016

Xcerra Corporation, Q4 2016 Earnings Call, Sep 01, 2016

Xcerra Corporation, Q4 2016 Earnings Call, Sep 01, 2016

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