Plainview，NY-- (Marketwired) --
11/02/17--
Third Quarter 2017 Highlights:
- 收入
13190万美元， 和....相比
$85.5 million在去年同期
- GAAP净亏损
2190万美元, or
$0.47每股
- Non-GAAP net income of
430万美元, or
$ 0.09.per diluted share
Veeco Instruments Inc.(NASDAQ: VECO) today announced financial results for its third fiscal quarter ended
2017年9月30日。结果是根据美国的普遍接受的会计原则（“GAAP”）报告，并报告了某些项目（“非GAAP”）调整。在本新闻稿结束时提供了GAAP和非GAAP操作结果之间的对帐。
-----------------------------------------------------------------------------------------------------U.S. dollars in millions, except per share data ------------------------------------------------- --------------- GAAP Results Q3 '17 Q3 '16 ------------------------------------------------- Revenue $131.9 $85.5 ------------------------------------------------- Net income (loss) ($21.9) ($69.6) ------------------------------------------------- Diluted earnings (loss) per share
($0.47)
($1.78)------------------------------------------ --------------非GAAP结果Q3'17 Q3 '16 ---------------------------------------------------------净收入（亏损）$ 4.3（1.8美元）-----------------------------------------------营业收入（亏损）$ 6.8（$ 0.2）-----------------------------------------------摊薄盈利（亏损）每股
$ 0.09.
($0.05)-----------------------------------------------------------------------------------------------------
"The third quarter of 2017 marked the first full quarter of Veeco and
欧泰克on a combined basis. Sales in the quarter were driven by increased shipments of our MOCVD tools and backlog has continued to build. Also during the quarter, we formally released our new MOCVD system, the EPIK
®
868, which provides a lower-cost and higher-productivity solution for our customers," commented
John R. Peeler, Chairman and Chief Executive Officer. "The integration of
欧泰克into Veeco is proceeding extremely well with many key milestones now behind us, including the complete integration of our sales and support organizations. As a result, we are even stronger than before, with the right staff in each region, focused on driving improved results for our business and customers."
指导和前景
The following guidance is provided for Veeco's fourth quarter 2017:
- Revenue is expected to be in the range of
$135 million to $155 million
- GAAP net loss is expected to be in the range of
（$ 15）百万到
（$ 8）百万
- Non-GAAP operating income is expected to be in the range of
500万美元至1200万美元
- 预计每股GAAP收益（亏损）将在范围内
($0.33) to ($0.17)
- 每股非GAAP收益（亏损）预计将在范围内
$ 0.00至0.16美元
Please refer to the tables at the end of this press release for further details.
电话会议信息
会议呼叫审查这些结果已安排在今天，
November 2, 2017starting at
5:00pm ET。To join the call, dial 800-263-0877 (toll free) or 323-701-0225 and use passcode 7119567. The call will also be webcast live on the Veeco website atIr.Veeco.com。WebCast的重播将在Veeco网站上发布开始
8:00pm ETthis evening.在通话开始之前，我们将在网站上发布伴vw德赢手机客户端随的幻灯片演示。
关于Veeco.
Veeco（纳斯达克：Veco）是一家创新半导体工艺设备的领先制造商。我们经过验证的MOCVD，光刻，激光退火，离子束和单晶片蚀刻和清洁技术在生产用于固态照明和显示器的LED方面以及高级半导体器件的制造中起作用的积分作用。凭借旨在最大限度地提高业绩，产量和所有权成本的设备，Veeco在所有这些送达市场中占据了技术领导职位。vwin官方网站了解有关Veeco的创新设备和服务，请访问www.theljp.com。
前瞻性的Statements
To the extent that this news release discusses expectations or otherwise makes statements about the future, such statements are forward-looking and are subject to a number of risks and uncertainties that could cause actual results to differ materially from the statements made. These factors include the risks discussed in the Business Description and Management's Discussion and Analysis sections of Veeco's Annual Report on Form 10-K for the year ended
December 31, 2016在我们随后的季度报告表格10-Q，目前关于表格8-K和新闻稿的报告。Veeco不承担更新任何前瞻性陈述以在此类陈述之后反映未来事件或情况的任何义务。
-财务表 -
Veeco仪器公司和子公司凝聚Consolidated Statements of Operations (in thousands, except per share amounts) (unaudited) Three months ended Nine months ended September 30, September 30, 2017 2016 2017 2016 ---------- ---------- --------- --------- Net sales $ 131,872 $ 85,482 $ 341,324 $ 238,842 Cost of sales 78,811 52,027 215,344 141,991 ---------- ---------- --------- --------- Gross profit 53,061 33,455 125,980 96,851 ---------- ---------- --------- --------- Operating expenses, net: 40.24% Research and development 24,061 19,892 57,669 63,545 Selling, general, and administrative 29,771 18,396 71,574 58,230 Amortization of intangible assets 12,500 5,261 21,722 15,785 Restructuring 5,010 1,798 9,605 3,993 Acquisition costs 783 - 16,277 - Asset impairment 2 56,035 1,139 69,662 Other, net (140) 795 (228) 884 ---------- ---------- --------- --------- Total operating expenses, net 71,987 102,177 177,758 212,099 ---------- ---------- --------- --------- Operating income (loss) (18,926) (68,722) (51,778) (115,248) Interest income (expense), net (4,748) 260 (12,368) 713 ---------- ---------- --------- --------- Income (loss) before income taxes (23,674) (68,462) (64,146) (114,535) Income tax expense (benefit) (1,790) 1,136 (24,969) 2,677 ---------- ---------- --------- --------- Net income (loss) $ (21,884) $ (69,598) $ (39,177) $(117,212) ========== ========== ========= ========= Income (loss) per common share: Basic $ (0.47) $ (1.78) $ (0.91) $ (2.99) Diluted $ (0.47) $ (1.78) $ (0.91) $ (2.99) Weighted average number of shares: Basic 46,941 39,131 43,100 39,193 Diluted 46,941 39,131 43,100 39,193
Veeco仪器公司和子公司凝聚Consolidated Balance Sheets (in thousands) September 30, December 31, 2017 2016 ------------- -------------- (unaudited) Assets Current assets: Cash and cash equivalents $ 235,268 $ 277,444 Short-term investments 85,853 66,787 Accounts receivable, net 113,795 58,020 Inventories 113,681 77,063 Deferred cost of sales 17,594 6,160 Prepaid expenses and other current assets 36,396 16,034 ------------- -------------- Total current assets 602,587 501,508 Property, plant and equipment, net 84,403 60,646 Intangible assets, net 383,596 58,378 Goodwill 308,529 114,908 Deferred income taxes 2,528 2,045 Other assets 25,263 21,047 ------------- -------------- Total assets $ 1,406,906 $ 758,532 ============= ============== Liabilities and stockholders' equity Current liabilities: Accounts payable $ 53,716 $ 22,607 Accrued expenses and other current liabilities 65,728 33,201 Customer deposits and deferred revenue 107,636 85,022 Income taxes payable 4,171 2,311 Current portion of long-term debt - 368 ------------- -------------- Total current liabilities 231,251 143,509 Deferred income taxes 46,268 13,199 Long-term debt 272,825 826 Other liabilities 11,033 6,403 ------------- -------------- Total liabilities 561,377 163,937 Total stockholders' equity 845,529 594,595 ------------- -------------- Total liabilities and stockholders' equity $ 1,406,906 $ 758,532 ============= ==============
Veeco Instruments Inc.和子公司GAAP向非GAAP财务数据的和解（除了每股数千次）（未经审计）的非GAAP调整----------------------------------截至2017年9月30日止三个月的三个月GAAP补偿摊销其他非GAAP ------------------------------------------------- ----------------------- ---------- ---------------------净销售$ 131,872 $ 131,872毛利利润53,061 740 1,954 55,755毛利率40.2％42.3％的研究和开发24,061（849）23,212销售，一般和行政等29,631（3,714）（195）25,722净收入（亏损）（21,884）6,170 12,500 7,504 4,290 12,500 7,504 4,290收入（损失）每普通份额：基本$（0.47）$ 0.09稀释（0.47）0.09加权平均股份数：基本46,941 47,107稀释46,941 47,327
Veeco Instruments Inc.and Subsidiaries Other Non-GAAP Adjustments (in thousands) (unaudited) Three months ended
2017年9月30日------------------------------------------------------------------------------------------------重组4,143收购相关783发布库存公允价值升级与
欧泰克purchase accounting 1,856 Depreciation of PP&E fair value step-up associated with the
欧泰克purchase accounting 293 Asset impairment 2 Non-cash interest expense 2,754 Non-GAAP tax adjustment * (2,327) ---------- Total Other 7,504
* - 利用“有或没有”方法来确定所有非GAAP调整的所得税效应。这些表包括调整某些项目影响的财务措施;因此，这些财务措施不会根据美国普遍接受的会计原则（“GAAP”）计算。这些非GAAP财务措施排除了以下项目：基于股票的补偿费用;与重组举措有关的指控;非现金资产减值;某些其他非经营的收益和损失;和收购相关的项目，如交易成本，非现金摊销所获得的无形资产，递增交易相关的赔偿。这些非GAAP财务措施可能与其他公司使用的非GAAP财务措施不同。非GAAP财务措施不应被视为根据GAAP编制的金融业绩的替代或优越。 By excluding these items, Non-GAAP financial measures are intended to facilitate meaningful comparisons to historical operating results, competitors' operating results, and estimates made by securities analysts. Management is evaluated on key performance metrics including Non-GAAP Operating Income (loss), which is used to determine management incentive compensation as well as to forecast future periods. These Non-GAAP financial measures may be useful to investors in allowing for greater transparency of supplemental information used by management in its financial and operational decision-making. In addition, similar Non-GAAP financial measures have historically been reported to investors; the inclusion of comparable numbers provides consistency in financial reporting. Investors are encouraged to review the reconciliation of the Non-GAAP financial measures used in this news release to their most directly comparable GAAP financial measures.
Veeco Instruments Inc.和子公司GAAP向非GAAP财务数据的和解（除了每股数千次）（未经审计）的非GAAP调整-------------------------------- Three months ended September 30, Share-based 2016 GAAP Compensation Amortization Other Non-GAAP ------------------ -------- ------------ ------------ -------- --------- Net sales $ 85,482 $ 85,482 Gross profit 33,455 607 355 34,417 Gross margin 39.1% 40.3% Research and development 19,892 (993) 18,899 Selling, general, and administrative and Other 19,191 (2,143) (1,368) 15,680 Net income (loss) (69,598) 3,743 5,261 58,831 (1,763) Income (loss) per common share: Basic $ (1.78) $ (0.05) Diluted (1.78) (0.05) Weighted average number of shares: Basic 39,131 39,131 Diluted 39,131 39,131
Veeco Instruments Inc.and Subsidiaries Other Non-GAAP Adjustments (in thousands) (unaudited) Three months ended
2016年9月30日----------------------------------------------------------------------------------------------- Asset impairment 56,035 Restructuring 1,798 Acquisition related 63 Accelerated depreciation 355 Pension termination 1,305 Non-GAAP tax adjustment * (725) ----------- Total Other 58,831
* - 利用“有或没有”方法来确定所有非GAAP调整的所得税效应。这些表包括调整某些项目影响的财务措施;因此，这些财务措施不会根据美国普遍接受的会计原则（“GAAP”）计算。这些非GAAP财务措施排除了以下项目：基于股票的补偿费用;与重组举措有关的指控;非现金资产减值;某些其他非经营的收益和损失;和收购相关的项目，如交易成本，非现金摊销所获得的无形资产，递增交易相关的赔偿。这些非GAAP财务措施可能与其他公司使用的非GAAP财务措施不同。非GAAP财务措施不应被视为根据GAAP编制的金融业绩的替代或优越。 By excluding these items, Non- GAAP financial measures are intended to facilitate meaningful comparisons to historical operating results, competitors' operating results, and estimates made by securities analysts. Management is evaluated on key performance metrics including Non-GAAP Operating Income (loss), which is used to determine management incentive compensation as well as to forecast future periods. These Non-GAAP financial measures may be useful to investors in allowing for greater transparency of supplemental information used by management in its financial and operational decision-making. In addition, similar Non-GAAP financial measures have historically been reported to investors; the inclusion of comparable numbers provides consistency in financial reporting. Investors are encouraged to review the reconciliation of the Non-GAAP financial measures used in this news release to their most directly comparable GAAP financial measures.
Veeco Instruments Inc. and Subsidiaries Reconciliation of GAAP Net Income (loss) to Non-GAAP Operating Income (loss) (in thousands) (unaudited) Three months Three months ended ended September 30, September 30, 2017 2016 -------------- -------------- GAAP Net income (loss) $ (21,884) $ (69,598) Share-based compensation 6,170 3,743 Amortization 12,500 5,261 Restructuring 4,143 1,798 Acquisition related 783 63 Release of inventory fair value step-up associated with the
欧泰克purchase accounting 1,856 - Depreciation of PP&E fair value step-up associated with the
欧泰克purchase accounting 293 - Accelerated depreciation - 355 Asset impairment 2 56,035 Pension termination - 1,305 Interest (income) expense 4,748 (260) Income tax expense (benefit) (1,790) 1,136 ------------------------------ Non-GAAP Operating Income (loss) $ 6,821 $ (162) ==============================
该表包括调整某些项目影响的财务措施;因此，这些财务措施不会根据美国普遍接受的会计原则（“GAAP”）计算。这些非GAAP财务措施排除了以下项目：基于股票的补偿费用;与重组举措有关的指控;非现金资产减值;某些其他非经营的收益和损失;和收购相关的项目，如交易成本，非现金摊销所获得的无形资产，递增交易相关的赔偿。这些非GAAP财务措施可能与其他公司使用的非GAAP财务措施不同。非GAAP财务措施不应被视为根据GAAP编制的金融业绩的替代或优越。通过排除这些项目，非GAAP财务措施旨在促进历史经营结果，竞争对手的运营结果和证券分析师所取得的估计的有意义的比较。 Management is evaluated on key performance metrics including Non-GAAP Operating Income (loss), which is used to determine management incentive compensation as well as to forecast future periods. These Non-GAAP financial measures may be useful to investors in allowing for greater transparency of supplemental information used by management in its financial and operational decision-making. In addition, similar Non-GAAP financial measures have historically been reported to investors; the inclusion of comparable numbers provides consistency in financial reporting. Investors are encouraged to review the reconciliation of the Non-GAAP financial measures used in this news release to their most directly comparable GAAP financial measures.
Veeco Instruments Inc.和子公司GAAP向非GAAP Financial数据的和解（数百万除外，除了每股数量）（未经审计）非GAAP调整-------------------------------截至12月31日止三个月的指导，股票的2017年GAAP补偿摊销其他非GAAP ---------------------------- ------------------------------------净销售$ 135 - $ 155 - $ 155 135 - 155毛利润52 - 63 1 - 53 - 64 - 64 - 64毛利率39％ - 41％39％ - 41％净收入（亏损）$（15） - $（8）5 12（2） - - 7收入（亏损）/ 0稀释（0.3（0.1常见股票3） - $ 7）$ - - $ 0.16加权平均股份数47 47 47 47
Veeco Instruments Inc. and Subsidiaries Reconciliation of GAAP Net Income (loss) to Non-GAAP Operating Income (Loss) (in millions) (unaudited) Guidance for the three months ended
December 31, 2017--------------------------------------- - GAAP净收入（亏损）$（15） - $（8）基于股票的补偿5 - 5摊销12 - 12重组1 - 1收购相关1 - 1利息费用，净5 - 5所得税费用（福利）（4） - （4） - （4）----------- -----------非GAAP营业收入$ 5 - $ 12 =========== ===========注意：由于舍入，金额可能无法准确计算。
These table includes financial measures adjusted for the impact of certain items; these financial measures are therefore not calculated in accordance with U.S. generally accepted accounting principles ("GAAP"). These Non-GAAP financial measures exclude items such as: share-based compensation expense; charges relating to restructuring initiatives; non-cash asset impairments; certain other non-operating gains and losses; and acquisition-related items such as transaction costs, non-cash amortization of acquired intangible assets, and incremental transaction-related compensation. These Non-GAAP financial measures may be different from Non-GAAP financial measures used by other companies. Non-GAAP financial measures should not be considered a substitute for, or superior to, measures of financial performance prepared in accordance with GAAP. By excluding these items, Non- GAAP financial measures are intended to facilitate meaningful comparisons to historical operating results, competitors' operating results, and estimates made by securities analysts. Management is evaluated on key performance metrics including Non-GAAP Operating Income (loss), which is used to determine management incentive compensation as well as to forecast future periods. These Non-GAAP financial measures may be useful to investors in allowing for greater transparency of supplemental information used by management in its financial and operational decision-making. In addition, similar Non-GAAP financial measures have historically been reported to investors; the inclusion of comparable numbers provides consistency in financial reporting. Investors are encouraged to review the reconciliation of the Non-GAAP financial measures used in this news release to their most directly comparable GAAP financial measures.
Veeco联系方式：投资者：
Suzanne Schmidt.516-677-0200 x1272[email protected]:
杰弗里帕帕516-677-0200 x1222[email protected]
Source:
Veeco Instruments Inc.