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Last $18.93 USD
Change Today +0.01 / 0.05%
Volume 100.9K
As of 8:10 PM 05/28/15 All times are local (Market data is delayed by at least 15 minutes).

newport corp (NEWP) Snapshot

Open
$18.92
Previous Close
$18.92
Day High
$19.04
Day Low
$18.76
52 Week High
04/15/15 - $20.85
52 Week Low
10/13/14 - $16.06
Market Cap
754.3M
Average Volume 10 Days
155.2K
EPS TTM
$0.98
Shares Outstanding
39.8M
EX-Date
09/10/01
P/E TM
19.3x
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 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.

National Institutes of Health Selects Newport Corp. for Laser Maintenance

The U.S. Health and Human Services Department's National Institutes of Health, Bethesda, Maryland, has issued a combined synopsis/solicitation notice (NICHD-15-045) for the maintenance of Mai Tai H.P. Deep See laser with chiller. The approved sole source is Newport Corp., Santa Clara, California.

 

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Industry Analysis

NEWP

Industry Average

Valuation NEWP Industry Range
Price/Earnings 21.4x
Price/Sales 1.2x
Price/Book 2.1x
Price/Cash Flow 21.0x
TEV/Sales 1.0x
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