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Last $15.32 USD
Change Today +0.29 / 1.93%
Volume 200.3K
NEWP On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 8:10 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

newport corp (NEWP) Snapshot

Open
$14.93
Previous Close
$15.03
Day High
$15.33
Day Low
$14.90
52 Week High
04/15/15 - $20.85
52 Week Low
08/25/15 - $14.46
Market Cap
606.4M
Average Volume 10 Days
211.8K
EPS TTM
$0.90
Shares Outstanding
39.6M
EX-Date
09/10/01
P/E TM
17.0x
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 Corporation Adopts a Certificate of Amendment to its Amended and Restated Bylaws

On August 18, 2015, the Board of Directors of Newport Corporation adopted a Certificate of Amendment to the Company’s Amended and Restated Bylaws, as previously amended on December 17, 2014 (the ‘Amended and Restated Bylaws’), which amends Section 2 of Article III of the Amended and Restated Bylaws to provide for majority voting in uncontested director elections. Such amendment provides that, at any meeting of stockholders at which directors are to be elected, each nominee for election as a director in an ‘Uncontested Election’ shall be elected if the number of votes cast for the nominee’s election exceeds the number of votes cast against the nominee’s election. Such amendment provides further that, in all director elections other than Uncontested Elections, the nominees for election as a director shall be elected by a plurality of the votes cast.

Newport Corp. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended July 4, 2015; Provides Earnings Guidance for the Third Quarter, Fourth Quarter and Full Year 2015

Newport Corp. reported unaudited consolidated earnings results for the second quarter and six months ended July 4, 2015. For the quarter, the company's net sales were $147.977 million against $153.232 million last year. Operating income was $10.071 million against $13.485 million last year. Income before income taxes was $9.007 million against $12.827 million last year. Net income attributable to the company was $5.770 million or $0.14 per diluted share against $8.952 million or $0.36 per basic and diluted share last year. Non-GAAP operating income was $15.916 million against $20.023 million last year. Non-GAAP net income was $9.897 million or $0.25 per diluted share against $13.609 million or $0.34 per diluted share last year. Cash generated from operations of $20.5 million For the six months, the company's net sales were $304.632 million against $300.122 million last year. Operating income was $23.700 million against $26.011 million last year. Income before income taxes was $21.733 million against $24.377 million last year. Net income attributable to the company was $14.434 million or $0.22 per basic and diluted share against $16.838 million or $0.42 per basic and diluted share last year. Non-GAAP operating income was $37.768 million against $37.922 million last year. Non-GAAP net income was $24.462 million or $0.61 per diluted share against $25.177 million or $0.62 per diluted share last year. For the third quarter of 2015, the company's sales to be similar to the second quarter level. Non-GAAP earnings per diluted share to be in the range of $0.27 to $0.31. For the fourth quarter of 2015, the company's sales to be higher sequentially. Cost reduction actions to give stronger profit leverage. For the year 2015, the company's year-over-year increase in sales. Cost reduction actions to give stronger profit leverage.

Newport Corporation Updates Earnings Guidance for the Second Quarter of 2015

Newport Corporation updated earnings guidance for the second quarter of 2015. For the quarter, the company expects its sales for the second quarter of 2015 to be in the range of $147 million to $148 million, compared with the company's previous guidance of $154 million to $161 million. In addition, Newport now expects its non-GAAP earnings per diluted share for the second quarter of 2015 to be in the range of $0.24 to $0.26, excluding the amortization of intangible assets, stock-based compensation expense, acquisition-related, restructuring and severance costs, losses on disposals of assets and the tax impact of the excluded amounts. The lower expected earnings are due to the lower sales level, a loss of approximately $1.4 million (or $0.02 per diluted share) from the company's newly acquired Femtolasers business, and an inventory charge of approximately $1.1 million (or $0.02 per diluted share).

 

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Industry Analysis

NEWP

Industry Average

Valuation NEWP Industry Range
Price/Earnings 19.0x
Price/Sales 1.0x
Price/Book 1.7x
Price/Cash Flow 18.7x
TEV/Sales 0.8x
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