Veeco Q1 revenue $153.5M, GAAP EPS $0.17; guides Q2 rev $145-165M

VEECO INSTRUMENTS INC

2023-Q1 EPS reported $0.17 revenue$153,504,000

Revenue $153.5M, down 1.9% YoY from $156.4M; GAAP net income $8.7M vs $13.3M.
Non-GAAP operating income $20.4M; non-GAAP diluted EPS $0.30 vs $0.38 YoY.
Q2 2023 guidance: revenue $145-165M, GAAP EPS $0.11-0.21, non-GAAP EPS $0.26-0.34.
CEO cites laser annealing momentum with additional orders at leading logic customers.
Results exceeded high-end of prior Q1 guidance range for both revenue and EPS.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

VEECO INSTRUMENTS INC reported quarter ended March 31, 2023 results: revenue $153.5 million, net income $16.9 million, EPS $0.30 per diluted share.

Period: quarter ended March 31, 2023
Revenue: $153.5 million
Net income: $16.9 million
EPS: $0.30 per diluted share
Result: reported results

Exact text from the filing

● Revenues of $153.5 million, compared with $156.4 million in the same period last year ● GAAP net income of $8.7 million, or $0.17 per diluted share, compared with $13.3 million, or $0.24 per diluted share in the same period last year

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

VEECO INSTRUMENTS INC reported quarter ended March 31, 2023 results: revenue $153.5 million, net income $16.9 million, EPS $0.30 per diluted share.

Period: quarter ended March 31, 2023
Revenue: $153.5 million
Net income: $16.9 million
EPS: $0.30 per diluted share
Result: reported results

Exact text from the filing

First Quarter 2023 Highlights: ● Revenues of $153.5 million, compared with $156.4 million in the same period last year ● GAAP net income of $8.7 million, or $0.17 per diluted share, compared with $13.3 million, or $0.24 per diluted share in the same period last year ● Non-GAAP net income of $16.9 million, or $0.30 per diluted share, compared with $21.7 million, or $0.38 per diluted share in the same period last year

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

VEECO INSTRUMENTS INC reported second quarter 2023 results: revenue $145 million to $165 million, EPS GAAP diluted earnings (loss) per share are expected in the range of $0.11 to $0.21. Guidance initiated.

Period: second quarter 2023
Revenue: $145 million to $165 million
EPS: GAAP diluted earnings (loss) per share are expected in the range of $0.11 to $0.21
Guidance: initiated
Result: guidance update

Exact text from the filing

The following guidance is provided for Veeco’s second quarter 2023: ● Revenue is expected in the range of $145 million to $165 million ● GAAP diluted earnings (loss) per share are expected in the range of $0.11 to $0.21 ● Non-GAAP diluted earnings per share are expected in the range of $0.26 to $0.34

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Source: SEC EDGAR

accession 0001558370-23-008520

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