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Last $18.56 USD
Change Today -0.22 / -1.17%
Volume 76.8K
As of 8:10 PM 07/6/15 All times are local (Market data is delayed by at least 15 minutes).

newport corp (NEWP) Snapshot

Open
$18.70
Previous Close
$18.78
Day High
$18.88
Day Low
$18.47
52 Week High
04/15/15 - $20.85
52 Week Low
10/13/14 - $16.06
Market Cap
739.5M
Average Volume 10 Days
192.3K
EPS TTM
$0.98
Shares Outstanding
39.8M
EX-Date
09/10/01
P/E TM
18.9x
Dividend
--
Dividend Yield
--
Current Stock Chart for NEWPORT CORP (NEWP)

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newport corp (NEWP) Details

Newport Corporation, together with its subsidiaries, provides technology products and systems for scientific research, microelectronics, defense and security, life and health sciences, and industrial markets worldwide. The company operates in three groups: Photonics, Lasers, and Optics. The Photonics group provides photonics instruments and systems; vibration isolation systems and subsystems; precision positioning systems and subsystems; optics and opto-mechanical components for research applications; optical hardware; and three-dimensional non-contact measurement sensors and equipment. The Lasers group offers lasers and laser-based systems comprising ultrafast lasers and amplifiers, diode-pumped solid-state lasers, high-energy pulsed lasers, tunable lasers, fiber lasers, and gas lasers. The Optics group provides optical lens assemblies and elements for infrared cameras and infrared radiometric/thermograph systems; CO2 and fiber laser optics; optics for infrared, visible, and ultraviolet wavelengths; replicated mirrors; ruled and holographic diffraction gratings; thin-film filters and coatings; and opto-mechanical subassemblies and subsystems. The company offers its products under the ILX Lightwave, New Focus, Newport, Ophir, Optimet, Oriel Instruments, Richardson Gratings, Spiricon, and Spectra-Physics brand names. Newport Corporation sells its products and services to original equipment manufacturers, end-user customers, and capital equipment customers through direct sales organizations, a network of independent distributors, and sales representatives, as well as through product catalogs and Websites. Newport Corporation was founded in 1938 and is headquartered in Irvine, California.

2,570 Employees
Last Reported Date: 03/4/15
Founded in 1938

newport corp (NEWP) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $529.0K
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $377.6K
Senior Vice President, General Counsel and Co...
Total Annual Compensation: $311.2K
Senior Vice President and General Manager of ...
Total Annual Compensation: $310.2K
Senior Vice President and General Manager of ...
Total Annual Compensation: $300.2K
Compensation as of Fiscal Year 2014.

newport corp (NEWP) Key Developments

Newport Corp. Expands its OpticsCage+ Optical Cage System with the Release of OC1-FB Five-Bank Filter Holder

Newport Corp. has expanded its OpticsCage+ Optical Cage System with the release of OC1-FB five-bank filter holder, the OC1-TZ insertable translation stage, and the OC1-ME one inch elliptical mirror corner cube, its three new accessories, bringing the total number of OpticsCage+ family elements to over 40. These family additions further increase the flexibility and number of applications where the OpticsCage+ can be used including microscopy, spectroscopy and optical trapping. The exclusive five-carrier filter bank enables a wide variety of applications by allowing any of the 1 inch diameter by 0.25 inch thick optics to be flipped in and out of a beam path individually or together in any combination. Rare Earth magnets hold the filter carriers firmly in position allowing the OC1-FB to be used vertically or horizontally. Users can create a laser power attenuator using Newport's FSR Series neutral density filters or a band pass filter using Newport's FS-CR colored glass filter sets. The OC1-FB can also be post-mounted for use without the cage system. The OC1-TZ is a unique snap-in, lockable translation stage that features a 1.25 inch square mounting surface with an array of 8-32 tapped holes for securing optical mounts like the available OC1-LH1-TZ lens mount. The OC1-TZ includes an SM-13 micrometer that provides +/- 6.5 mm of travel with 1 µm sensitivity. For users needing to motorize the stage, Newport offers the OC1-TZ-M which excludes the micrometer. The OC1-TZ is perfect for providing fine focus in precision cage systems or when mounted with a mirror, makes a basic delay line. And like many of the OpticsCage+ elements is can be inserted or removed "in a snap" without having to disassemble the entire system - no other optical cage systems provide equivalent flexibility and ease of use. The OC1-ME elliptical mirror corner cube is a cage mounted fine-adjustment elliptical mirror mount used for 90° beam folding. Three 100-TPI screws permit the precise fine adjustment of the mirror at a range of ±4°. The mirror is held securely in place with a rear clamp that easily adjusts to mirrors up to 0.25" thick. Newport also offers several new elliptical mirrors including the 10E20ER.1 and the 10E20ER.4, both or which offer wide wavelength ranges and excellent reflectivity.

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.

 

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Industry Analysis

NEWP

Industry Average

Valuation NEWP Industry Range
Price/Earnings 21.2x
Price/Sales 1.2x
Price/Book 2.1x
Price/Cash Flow 20.9x
TEV/Sales 1.0x
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