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Last $31.12 USD
Change Today -0.03 / -0.10%
Volume 371.8K
VECO On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:10 PM 03/6/15 All times are local (Market data is delayed by at least 15 minutes).

veeco instruments inc (VECO) Snapshot

Open
$30.86
Previous Close
$31.15
Day High
$31.47
Day Low
$30.69
52 Week High
04/3/14 - $44.39
52 Week Low
02/2/15 - $27.80
Market Cap
1.3B
Average Volume 10 Days
372.1K
EPS TTM
$-1.07
Shares Outstanding
40.4M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for VEECO INSTRUMENTS INC (VECO)

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veeco instruments inc (VECO) Details

Veeco Instruments Inc., together with its subsidiaries, designs, manufactures, and markets thin film equipment to make light emitting diodes, power electronics, wireless devices, hard disk drives, and semiconductors worldwide. It offers metal organic chemical vapor deposition systems used to make gallium nitride-based devices, arsenic phosphide-based devices, and triple junction photovoltaic solar cells; molecular beam epitaxy systems and components for the production of wireless devices and various research applications for new semiconductor materials; and fast array scanning atomic layer deposition systems for the semiconductor and other markets. The company also provides precision surface processing systems; ion beam deposition systems; and ion beam etch systems, as well as other data storage products consisting of physical vapor deposition systems, diamond-like carbon systems, chemical vapor deposition systems, and tools that slice and dice wafers into row bars and thin film magnetic heads. Veeco Instruments Inc. was founded in 1945 and is headquartered in Plainview, New York.

800 Employees
Last Reported Date: 02/24/15
Founded in 1945

veeco instruments inc (VECO) Top Compensated Officers

Chairman, Chief Executive Officer and Member ...
Total Annual Compensation: $700.0K
Executive Vice President of Process Equipment
Total Annual Compensation: $415.0K
Chief Accounting Officer, Senior Vice Preside...
Total Annual Compensation: $346.6K
Compensation as of Fiscal Year 2013.

veeco instruments inc (VECO) Key Developments

Fraunhofer IAF Selects Veeco Instruments Inc.'s TurboDisc K465i GaN MOCVD System

Veeco Instruments Inc. announced that the Fraunhofer Institute for Applied Solid State Physics IAF, or Fraunhofer IAF, has selected Veeco's TurboDisc K465i Gallium Nitride, or GaN, MOCVD system. Veeco's K465i MOCVD systems feature excellent film quality, low defects and high productivity, which are key for effective GaN processing. The system also incorporates Veeco's Uniform FlowFlange technology for superior uniformity and excellent run-to-run repeatability. Since its introduction in 2010, the K465i has been the top selling MOCVD system worldwide.

Veeco Instruments Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Earnings Guidance for the First Quarter Ending March 31, 2015; Reports Impairment Charges for the Fourth Quarter of 2014

Veeco Instruments Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, net sales were $113,569,000 against $73,209,000 a year ago. Operating loss was $64,577,000 against $35,439,000 a year ago. Loss before income taxes was $64,263,000 against $35,457,000 a year ago. Net loss was $56,912,000 or $1.44 per diluted share against net loss of $22,085,000 or $0.57 per basic and diluted share a year ago. Non-GAAP net sales were $113,569,000 against $73,209,000 a year ago. Non-GAAP operating income was $5,592,000 against operating loss of $26,640,000 a year ago. Non-GAAP Income before income taxes was $5,906,000 against loss before income taxes $26,658,000 a year ago. Non-GAAP Net income was $5,124,000 against net loss of $16,350,000 a year ago. Non-GAAP Basic and diluted EPS was $0.13 against loss per share of $0.42 a year ago. Adjusted EBITDA was $8,320,000 against LBITDA of $23,256,000 a year ago. The company generated approximately $50 million in cash from operations during the quarter. For the year, net sales were $392,873,000 against $331,749,000 a year ago. Operating loss was $79,209,000 against $71,812,000 a year ago. Loss before income taxes was $78,354,000 against $71,210,000 a year ago. Net loss was $66,940,000 or $1.70 per diluted share against net loss of $42,263,000 or $1.09 per basic and diluted share a year ago. Non-GAAP net sales were $392,873,000 against $331,749,000 a year ago. Non-GAAP operating loss was $8,779,000 against $49,621,000 a year ago. Non-GAAP loss before income taxes was $7,924,000 against $49,019,000 a year ago. Net loss was $4,123,000 against $28,071,000 a year ago. Basic and diluted LPS was $0.10 against $0.72 a year ago. Adjusted LBITDA was $2,647,000 against $36,723,000 a year ago. For the fourth quarter ended December 31, 2014, asset impairment was $55,306,000 against $1,220,000 a year ago. For the three months ending March 31, 2015, on GAAP basis, net sales is expected between $92 million and $100 million. Operating loss is expected between $21.4 million and $18.9 million. Net loss is expected between $23.6 million and $21.0 million and Loss per diluted common share is expected between $0.59 million and $0.53. For the three months ending March 31, 2015, on Non- GAAP basis, net sales is expected between $92 million and $100 million. Operating loss is expected between $3.0 million and $0.5 million. Net loss is expected between $5.2 million and $2.6 million and Loss per diluted common share is expected between $0.13 million and $0.07. Adjusted EBITDA is expected to be in the range of breakeven to $2 million.

Veeco Instruments Inc. Announces Board Changes

Edward H. Braun resigned as a Class III director of Veeco Instruments Inc. and was reappointed as a Class I director of company, to serve in such capacity for a term expiring at the 2016 annual meeting of stockholders or until his successor has been appointed. The effect of this is to extend Mr. Braun’s term as director for one additional year to allow the company additional time to recruit a successor to the Board. It is expected that Mr. Braun will retire from the Board in 2016.

 

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VECO

Industry Average

Valuation VECO Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 3.1x
Price/Book 1.7x
Price/Cash Flow NM Not Meaningful
TEV/Sales 2.2x
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