Financial Performance - The company's net revenue for fiscal 2024 was $706.2 million, a decrease of 4.9% from $742.5 million in fiscal 2023[268]. - Gross profit for fiscal 2024 was $268.8 million, down 25.1% from $358.7 million in the previous year[156]. - Operating expenses increased to $361.3 million in fiscal 2024, compared to $319.2 million in fiscal 2023, reflecting a rise of 13.2%[156]. - The company reported a net loss of $69.0 million for fiscal 2024, compared to a net income of $57.1 million in fiscal 2023[156]. - Basic net loss per share for fiscal 2024 was $(1.24), a significant decline from earnings of $1.01 per share in fiscal 2023[156]. - Total current assets decreased to $995.0 million as of September 28, 2024, from $1,189.1 million as of September 30, 2023, representing a decline of 16.3%[155]. - The consolidated net inventory balance was $177.7 million, down from $217.3 million in the previous year, indicating a reduction of 18.2%[155]. - The company’s total shareholders' equity was $944.0 million, down from $1,174.6 million in the previous year, reflecting a decline of 19.5%[155]. - The company recognized impairment charges of $44.5 million in fiscal 2024, compared to $21.5 million in fiscal 2023, indicating a significant increase in impairment[156]. - Total comprehensive income for fiscal year 2024 was a loss of $60,666 thousand, while it was $68,286 thousand in fiscal 2023[162]. Cash and Investments - As of September 28, 2024, the company's total cash, cash equivalents, and short-term investments were $577.1 million, a decrease of $182.3 million from the prior fiscal year end[19]. - Cash and cash equivalents at the end of fiscal year 2024 were $227,147 thousand, down from $529,402 thousand at the end of fiscal year 2023[162]. - The company repurchased common stock amounting to $150,791 thousand in fiscal year 2024, compared to $69,210 thousand in fiscal year 2023[162]. - Cash dividends declared were $0.20 per share in fiscal year 2024, totaling $44,246 thousand, compared to $0.19 per share in fiscal year 2023, totaling $43,004 thousand[162]. Operational Highlights - The company continues to invest in product development to enhance existing products and deliver next-generation solutions, focusing on semiconductor interconnect and device assembly needs[20]. - The RAPID Pro, part of the smart bonder series, introduces advanced functionalities including real-time process monitoring and predictive maintenance capabilities[20]. - The company is expanding its technology partnerships with key customers and institutions to enhance its product offerings and market reach[21]. - The launch of LUMINEX supports high-speed die placement and mass die transfer for applications in integrated circuits and advanced displays[21]. - The company maintains a strong focus on operational excellence and efficient management throughout business cycles to mitigate volatility and improve profitability[19]. - The company has developed advanced packaging solutions for 2.5D and 3D integrated circuits, expected to enhance performance and power efficiency[21]. Market and Industry Conditions - The semiconductor industry is characterized by volatility, with periodic downturns adversely affecting business performance[47]. - The company relies on sole source suppliers for key technology parts, exposing it to significant risks related to supply chain disruptions[48]. - The company faces continuous price pressure, resulting in a decline in average selling prices, particularly in the Chinese market[52]. - The semiconductor industry is characterized by high competition, with significant factors including price, innovation, and customer support[54]. - The company must continuously develop and manufacture new products to maintain competitiveness, which requires significant capital expenditures[53]. - The ongoing U.S.-China trade tensions may impact the company's ability to sell products and could reduce competitiveness due to tariffs and trade restrictions[58]. Employee and Organizational Structure - As of September 28, 2024, the company had 2,681 full-time employees and 65 temporary workers worldwide[37]. - The company maintains an open-door policy for employees to voice concerns and suggestions, ensuring a supportive work environment[45]. - The company emphasizes long-term customer relationships and utilizes a direct sales force and distribution channels to support its customers globally[25]. Environmental, Social, and Governance (ESG) Initiatives - The company established an ESG council to oversee its ESG efforts, providing quarterly updates to executive leadership[36]. - In fiscal 2023, the company performed independent assurance of its Scope 1 and Scope 2 greenhouse gas emissions data for eight global operational sites[36]. - The company incorporated its Diversity & Inclusion program into its ESG structure in fiscal 2022, aiming to enrich employee experiences[38]. - The company has implemented a learning and development series titled "Inclusive Leader Mindset Change Training" for people managers[38]. - The company is committed to enhancing its ESG initiatives, which may result in increased costs and compliance obligations[67]. Risks and Compliance - The company is subject to risks from changes in trade regulations, currency fluctuations, and political instability, particularly in the Asia/Pacific region[57]. - Catastrophic events, such as natural disasters and pandemics, can adversely affect operations and financial results[58]. - The company is subject to various environmental and safety laws, which may result in significant compliance costs and operational restrictions[66]. - The company faces risks related to attracting and retaining qualified personnel, which is critical for its operational success[62]. - The company is currently investigating a potential unlawful reverse engineering incident involving ex-employees in China who may have shared proprietary information with a competitor[68]. Acquisitions and Goodwill - Kulicke and Soffa completed the acquisition of Advanced Jet Automation Co., Ltd. for a total purchase price of $38.1 million, which includes $4.0 million held in escrow[198]. - The acquisition is expected to enhance the company's portfolio in semiconductor and advanced display markets, particularly in mini and micro-LED technologies[198]. - Goodwill from the acquisition amounted to $27.975 million, reflecting expected future cash flows and synergies[200]. - The company recorded a goodwill impairment charge of $9.8 million for the Lithography reporting unit due to lower projected cash flows[205]. - The company performed its annual impairment test in the fourth quarter of fiscal 2024 and found no impairment on recorded goodwill[205]. Tax and Regulatory Matters - The effective tax rate for fiscal 2024 was (18.3)%, compared to 20.8% in fiscal 2023[261]. - The company recorded a tax benefit of $6.5 million related to the U.S. TCJA one-time transition tax in fiscal 2024[262]. - As of September 28, 2024, the company has foreign net operating loss carryforwards of $153.9 million and state net operating loss carryforwards of $40.2 million[263]. - The company has approximately $19.7 million of unrecognized tax benefit that could impact the effective tax rate if recognized[265]. Cybersecurity and Data Protection - The company has experienced unauthorized access attempts to its network, resulting in the acquisition of some data, including source code and business partner information, but does not expect a material impact on its operations[70]. - The company has a cybersecurity risk management program informed by industry standards, including the NIST Cybersecurity Framework[82]. - The company has not identified any cybersecurity incidents that have materially affected its operations, but it continues to face various cybersecurity threats[83].

Kulicke & Soffa Nasdaq: KLIC Quarterly Earnings Review November 14, 2024 Q4F24 Ended Sep 28, 2024 1 Earnings Review Safe Harbor In addition to historical statements, this presentation contains statements relating to future events and our future results based on management's expectations as of November 14, 2024. These statements are "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our judgments and future ...

Kulicke and Soffa (KLIC) came out with quarterly earnings of $0.34 per share, missing the Zacks Consensus Estimate of $0.36 per share. This compares to earnings of $0.51 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -5.56%. A quarter ago, it was expected that this semiconductor equipment maker would post earnings of $0.30 per share when it actually produced earnings of $0.35, delivering a surprise of 16.67%.Over the last fou ...

Exhibit 99.1 Kulicke & Soffa Pte. Ltd. 23A Serangoon North Ave 5 Singapore 554369 +65 6880-9600 main Co. Regn. No. 199902120H Kulicke and Soffa Industries, Inc. 1005 Virginia Drive Fort Washington, PA 19034 USA +1-215-784-6000 main www.kns.com Kulicke & Soffa Reports Fourth Quarter 2024 Results Singapore – November 13, 2024 – Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC) ("Kulicke & Soffa," "K&S," "our," or the "Company"), today announced the financial results of its fourth fiscal quarter ended Septembe ...

Core Insights - Kulicke and Soffa Industries, Inc. reported a fourth quarter net revenue of $181.3 million, a decrease of 10.4% compared to the same quarter in the previous year, and a net income of $12.1 million, down 48.1% year-over-year [1][2][5] Financial Performance - **Fourth Quarter Fiscal 2024 Results** - Net revenue: $181.3 million, down 10.4% from $202.3 million in Q4 2023 and down 0.2% from $181.7 million in Q3 2024 [2][5] - Gross margin: 48.3%, up 90 basis points year-over-year and up 170 basis points sequentially [2] - Net income: $12.1 million, down 48.1% from $23.4 million in Q4 2023 [2][5] - EPS (diluted): $0.22, down 46.3% from $0.41 in Q4 2023 [2][5] - **Fiscal Year 2024 Highlights** - Total net revenue: $706.2 million, down from $742.5 million in the previous fiscal year [4] - Gross margin: 38.1% [4] - Net loss: $69.0 million or $(1.24) per diluted share; non-GAAP net income of $1.6 million or $0.03 per diluted share [4] Operational Insights - The company is focusing on advanced packaging and assembly solutions, with expectations for increased demand in the semiconductor and automotive markets through fiscal year 2025 [3] - The transition to emerging chiplet and heterogeneous applications is expected to enhance performance and transistor density, positioning the company for market share gains [3] Cash Flow and Shareholder Actions - Cash from operations for Q4 was $31.6 million, with adjusted free cash flow of $29.2 million [5] - The company repurchased 1.0 million shares of common stock at a cost of $42.7 million during the fourth quarter [5] Outlook - For the first quarter of fiscal 2025, the company expects net revenue to be approximately $165 million, with GAAP diluted EPS projected at approximately $1.45 [6]

Fifth Consecutive Annual Dividend Raise; Quarterly Dividend Increased to $0.205 New $300 Million Share Repurchase ProgramSINGAPORE, Nov. 13, 2024 /PRNewswire/ -- Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC) ("Kulicke & Soffa," "K&S" or the "Company"), announced today that its Board of Directors has declared and authorized a quarterly dividend of $0.205 per share of common stock, representing a $0.005 increase over its most recent dividend. This dividend raise highlights the Company's commitment to a co ...

SINGAPORE, Nov. 13, 2024 /PRNewswire/ -- Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC) ("Kulicke & Soffa", "K&S", "we" or the "Company"), has received an order from a leading foundry customer for multiple APTURA™ Fluxless TCB systems to support the broadening global adoption of advanced packaging capacity for leading-edge semiconductor production.Kulicke & Soffa continues to actively expand its customer base with APTURA™ – the most advanced Fluxless Thermo-Compression (FTC) system available, and the fir ...

SINGAPORE, Oct. 30, 2024 /PRNewswire/ -- Kulicke and Soffa Industries, Inc. (NASDAQ:KLIC) ("Kulicke & Soffa", "K&S" or the "Company"), a global leader in the design and manufacture of semiconductor, LED and electronic assembly equipment, today announced that a conference call is scheduled to discuss the Company's fourth fiscal quarter 2024 financial results and its business outlook, on Thursday, November 14, 2024, at 8:00 am EST. The Company will issue its fourth fiscal quarter 2024 financial results in the ...

Shares of Kulicke & Soffa Industries Inc (KLIC, Financial) surged 4.15% in mid-day trading on Oct 2. The stock reached an intraday high of $45.72, before settling at $45.69, up from its previous close of $43.87. This places KLIC 19.43% below its 52-week high of $56.71 and 19.61% above its 52-week low of $38.20. Trading volume was 148,558 shares, 26.2% of the average daily volume of 566,981. Wall Street Analysts Forecast Based on the one-year price targets offered by 4 analysts, the average target price for ...

Financial Data and Key Metrics - Revenue for the June quarter was $181.7 million with a gross margin of 46.6% [20] - Non-GAAP EPS exceeded expectations due to operational focus [12] - The company repurchased $44 million of shares in the June quarter, an 18% sequential increase and a 64% increase over the December quarter [21] - For the September quarter, revenue is expected to be approximately $180 million, with gross margins of 47% and non-GAAP operating expenses of $69 million [22] Business Line Data and Key Metrics - Ball Bonding revenue improved by 42% year-to-date, despite headwinds in automotive and industrial markets [13] - Thermo-Compression revenue for the June quarter was approximately $20 million, including recognition of an additional FTC system [15] - High-Power-Interconnect (HPI) solutions are being deployed in volume battery production and power conversion applications [15] - Memory market investments are supporting NAND and LPDDR markets, with high-volume DRAM expected to transition to 3D packaging formats by late 2025 or early 2026 [16] Market Data and Key Metrics - Utilization rates for Ball Bonding in General Semiconductor have improved sequentially, with global rates exceeding 75% last quarter and expected to reach the high 70% range in Q4 [14] - Automotive and Industrial markets are showing demand improvements, particularly in EV-related applications [15] - Memory market customers are investing in new capacity and technology, with several leaders expected to accelerate development and pre-production activities in the coming quarters [16] Company Strategy and Industry Competition - The company is focusing on advanced packaging solutions, including Thermo-Compression Bonding (TCB) and Fluxless TCB, which have grown 10x over the past four years [8][9] - The company is part of the U.S.-Joint semiconductor consortium, aiming to establish a U.S.-based R&D facility with advanced packaging capabilities [5][6] - The company is well-positioned to support chiplet-based architectures and heterogeneous integration, with a focus on AI, HPC, and mobility markets [9][18] Management Commentary on Operating Environment and Future Outlook - Management expects most end markets to have already experienced trough levels of demand over the past 18 months, with gradual improvements in multiple markets [12][19] - Gartner projects a 17% semiconductor revenue industry growth rate through 2025, driven by AI, automotive, and general semiconductor markets [19] - The company anticipates ongoing industry growth into 2025, supported by global front-end investments and improving utilization rates [14][19] Other Important Information - The company has a long-term share repurchase program, with $728.5 million repurchased since August 2017 and $73 million remaining under the current authorization [21] - The company is optimistic about a broader multi-market recovery, with meaningful capacity demand improvements expected for high-volume markets in the near term [22] Q&A Session Summary Question: Near-term recovery and utilization levels [24] - Management expects Q4 to be flat compared to Q3, with utilization rates improving but not yet triggering significant capacity additions [26] Question: Recovery trajectory and seasonality [27] - Management anticipates a gradual recovery, with potential growth in Q1 2025 and a stronger recovery in Q3 and Q4 2025 [28] Question: Advanced packaging and TCB qualifications [33] - The company is engaged in multiple qualification projects with a Taiwan foundry, with early production expected in the first half of 2025 [33] Question: Advanced packaging revenue forecast [34] - The company forecasts $200 million in dedicated advanced packaging revenue for fiscal 2025, including TCB, vertical wire, and system packaging [34] Question: End market shifts and product mix [37] - Management expects the September quarter to be similar to the June quarter in terms of end market and product mix [37] Question: Project W costs and reallocation [39] - Minimal costs were associated with Project W, and resources have been reallocated to in-demand projects [39] Question: Applications driving TCB growth [43] - TCB growth has been driven by OSAT, IDM, and heterogeneous integration markets, with a focus on chip-to-wafer and foundry opportunities [43] Question: Core business recovery potential [44] - Management believes the core business has significant recovery potential, with historical peak revenue levels achievable under appropriate market conditions [44] Question: Gross margin outlook [48] - Gross margins are expected to remain around 47% through the rest of 2024, with potential improvement to 50% in 2025 as new higher-margin products gain traction [48] Question: Customer optimism for 2025 [49] - Customers are optimistic about 2025, with expectations of broader recovery across multiple end markets, including automotive, industrial, and AI [49][50]