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Last $22.88 USD
Change Today -0.19 / -0.82%
Volume 184.6K
VECO On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
As of 1:19 PM 09/1/15 All times are local (Market data is delayed by at least 15 minutes).

veeco instruments inc (VECO) Snapshot

Open
$22.59
Previous Close
$23.07
Day High
$23.05
Day Low
$22.36
52 Week High
12/5/14 - $38.40
52 Week Low
08/24/15 - $21.14
Market Cap
939.4M
Average Volume 10 Days
450.2K
EPS TTM
$-1.23
Shares Outstanding
40.8M
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
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $252.3K
Executive Vice President of Process Equipment
Total Annual Compensation: $415.0K
Chief Accounting Officer, Senior Vice Preside...
Total Annual Compensation: $291.9K
Compensation as of Fiscal Year 2014.

veeco instruments inc (VECO) Key Developments

Veeco Instruments Plans Acquisitions

Veeco Instruments Inc. (NasdaqGS:VECO) plans to make acquisitions. Bill Miller, Enterprise Vice President, Process Equipment said: “There are opportunities in LEDs for horticulture. There's a lot of other opportunities for LEDs: medical applications, off-grid lighting. So we see a lot of opportunity there. We see opportunities for ultraviolet LEDs in high-temperature applications, where we think our MOCVD business does have legs. Yet we are looking to grow beyond that area. And we think the advanced packaging space is pretty interesting to us, and fits well. And we would look to build our business in that direction, through acquisition.”

Veeco Instruments Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Third Quarter Ending September 30, 2015; Reiterates Revenue Guidance for 2015

Veeco Instruments Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net sales of $131,410,000 against $95,122,000 a year ago. Operating loss was $4,026,000 against $15,771,000 a year ago. Loss before income taxes was $3,907,000 against $15,699,000 a year ago. Net loss was $8,386,000 or $0.21 per diluted share against $15,211,000 or $0.39 per diluted share a year ago. The company generated $7.7 million in cash from operations against $2 million a year ago. Adjusted EBITDA was $12.8 million against adjusted EBITDA loss of $4.1 million a year ago. Non-GAAP operating income was $9,745,000 against non-GAAP operating loss of $6,980,000 a year ago. Non-GAAP income before income taxes was $9,864,000 against non-GAAP loss before income taxes of $6,908,000 a year ago. Non-GAAP net income was $8,381,000 or $0.20 per diluted share against non-GAAP net loss of $6,108,000 or $0.16 per diluted share a year ago. For the six months, the company reported net sales of $229,751,000 against $185,963,000 a year ago. Operating loss was $19,850,000 against operating income of $2,856,000 a year ago. Loss before income taxes was $19,570,000 against income before income taxes of $3,092,000 a year ago. Net loss was $27,496,000 or $0.69 per diluted share against net income of $3,949,000 or $0.10 per diluted share a year ago. The company provided earnings guidance for the third quarter ending September 30, 2015. For the quarter, the company expects revenue to be in the range of $135 million to $160 million, driven largely by strong demand for EPIK product. Non-GAAP gross margin is expected to be in the range of 37.5% to 39.5%. GAAP EPS is expected to range from a loss of $0.05 to a profit of $0.19 per diluted share. On a non-GAAP basis, the company expects EPS to be in the range of $0.22 to $0.40 per diluted share, assuming an effective tax rate of approximately 20%. Adjusted EBITDA guidance is between $14 million and $24 million. GAAP earnings are expected to be a loss $2 million to a profit of $8 million and non-GAAP earnings are expected to be $9 million to $17 million. The company reiterates its view for 2015 revenue growth to be greater than 35% with second half revenue higher than the first half.

Veeco Instruments Inc. Presents at Jefferies Semiconductors, Hardware & Communications Infrastructure Summit, Aug-25-2015

Veeco Instruments Inc. Presents at Jefferies Semiconductors, Hardware & Communications Infrastructure Summit, Aug-25-2015 . Venue: Ritz Carlton Hotel, Chicago, Illinois, United States.

 

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Valuation VECO Industry Range
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Price/Sales 2.1x
Price/Book 1.3x
Price/Cash Flow NM Not Meaningful
TEV/Sales 1.3x
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