April 25, 2018 6:05 PM ET

Semiconductors and Semiconductor Equipment

Company Overview of Xcerra Corporation

Company Overview

Xcerra Corporation provides test and handling capital equipment, interface products, and test fixtures and related services to the semiconductor and electronics manufacturing industries worldwide. It operates through two segments, Semiconductor Test Solutions and Electronic Manufacturing Solutions. The company offers Diamond series platform that offers high-density packaging for the testing of microcontrollers, and consumer and digital-based ASSP and ASIC devices; X-Series platform that offers configurations for the testing of analog-based ASSP and ASIC, power, automotive, mixed signal, and RF applications; and ASL platform for testing linear, low-end mixed signal, precision analog, and powe...

825 University Avenue

Norwood, MA 02062

United States

Founded in 1976

1,640 Employees

Phone:

781-461-1000

Key Executives for Xcerra Corporation

President, CEO & Director
Age: 58
Total Annual Compensation: $600.0K
Senior VP, COO, CFO & Treasurer
Age: 53
Total Annual Compensation: $410.0K
Senior Vice President of Global Customer Team
Age: 55
Total Annual Compensation: $295.1K
Compensation as of Fiscal Year 2017.

Xcerra Corporation Key Developments

Xcerra Announces Preferred Supplier Agreement with Elmos

Xcerra announced that it has entered into a preferred supplier agreement with Elmos. Under the terms of the multiyear agreement Xcerra will be the exclusive supplier of semiconductor testers to Elmos, except in the rare case the test requirements cannot be supported by Xcerra.

Xcerra Seeks Acquisitions

Xcerra Corporation (NasdaqGS:XCRA) will continue on a path of strategic acquisition like the investment it had made in the Malaysian handling company that gets us into a whole new market segment.

Xcerra Corporation Reports Unaudited Consolidated Earnings Results for Second Quarter and Six Months Ended January 31, 2018; Provides Earnings Guidance for the Third Quarter Ending April 30, 2018

Xcerra Corporation reported unaudited consolidated earnings results for second quarter and six months ended January 31, 2018. For the quarter, net sales were $110,276,000 compared to the prior quarter's net sales of $120,286,000. GAAP net income attributable to the company was $7,931,000, or $0.14 per diluted share compared to $2,572,000 or $0.05 per diluted share a year ago. Excluding restructuring and related provision charges of $1,070,000, acceleration of debt financing costs of $891,000, amortization of purchased intangible assets of $137,000, and deal related expenses of $536,000, non-GAAP net income attributable to the company was $10,565,000, or $0.19 per diluted share compared to $3,554,000 or $0.07 per diluted share a year ago. Income from operations was $11,285,000 compared to $1,210,000 a year ago. For the six months, net sales were $230,562,000 compared to $160,209,000 a year ago. Net income attributable to the company was $25,462,000, or $0.46 per diluted share compared to $2,590,000 or $0.05 per diluted share a year ago. Income from operations was $31,984,000 compared to $1,516,000 a year ago. Non-GAAP net income attributable to the company was $29,023,000, or $0.52 per diluted share compared to $3,869,000 or $0.07 per diluted share a year ago. For the third quarter ending April 30, 2018, net sales are expected to be in the range of $110 million to $115 million. Non-GAAP net income per share is expected to be in the range of $0.19 to $0.23 per share, assuming 56 million shares outstanding. The non-GAAP net income per share guidance excludes amortization of purchased intangible assets of approximately $0.1 million. Gross margin is expected to be approximately 46% at the midpoint. EBITDA is expected to be approximately $17 million at the midpoint of the guidance.

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Recent Private Companies Transactions

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