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Free Post Earnings Research Report: KLA-Tencor’s Revenue Grew 29.2%; Adjusted EPS Surged 55.2%

Stock Monitor: Amtech Systems Post Earnings Reporting

LONDON, UK / ACCESSWIRE / November 30, 2017 / Active-Investors free earnings report on KLA-Tencor Corp. (NASDAQ: KLAC) has freshly been issued to its members, and you can also sign up to view this report at www.active-investors.com/registration-sg/?symbol=KLAC. The Company posted its financial results on October 26, 2017, for the first quarter fiscal 2018. The technology Company's revenue and adjusted EPS surpassed analysts' expectations. Register today and get free access to our complimentary member's area where many more reports are available:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, KLA-Tencor most recent news is on our radar and we have decided to include it on our blog post. Today's free coverage is available at:

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Earnings Highlights and Summary

For three months ended September 30, 2017, KLA-Tencor's total revenues increased 29.2% to $969.58 million from $750.67 million in Q1 FY17. Total revenue surpassed analysts' expectations of $943 million.

During Q1 FY18, KLA-Tencor's gross profit increased 30.3% to $616.13 million from $472.84 million in the same period last year. For the reported quarter, the Company's gross margin increased 50 basis points to 63.5% of revenue from 63% of revenue in Q1 FY17. During Q1 FY18, KLA-Tencor's adjusted gross profit increased 30.5% to $618.07 million from $473.75 million in the same period last year. For the reported quarter, the Company's adjusted gross margin increased 60 basis points to 63.7% of revenue from 63.1% of revenue in Q1 FY17

During Q1 FY18, KLA-Tencor's operating income increased 45.1% to $361.69 million from $249.22 million in the same period last year. During Q1 FY18, the Company's operating margin increased 410 basis points to 37.3% of revenue from 33.2% of revenue in the same period last year.

During Q1 FY18, KLA-Tencor's adjusted operating income increased 44.2% to $366.29 million from $254.09 million in the same period last year. For the reported quarter, the Company's adjusted operating margin increased 400 basis points to 37.8% of revenue from 33.8% of revenue in Q1 FY17.

For the reported quarter, KLA-Tencor's net income increased 57.7% to $280.94 million on a y-o-y basis from $178.10 million in Q1 FY17. During Q1 FY18, the Company's diluted EPS increased 57.5% to $1.78 on a y-o-y basis from $1.13 in the same period last year.

For the reported quarter, KLA-Tencor's adjusted net income increased 56.3% to $283.94 million on a y-o-y basis from $181.71 million in Q1 FY17. During Q1 FY18, the Company's adjusted diluted EPS increased 55.2% to $1.80 on a y-o-y basis from $1.16 in the same period last year. Adjusted diluted EPS surpassed analysts' expectations of $1.63.

Operating Results

During Q1 FY18, the Company's product revenue increased 35.4% to $760.79 million from $561.75 million in the same period last year. For the reported quarter, the Company's service revenue increased 10.5% to $208.79 million from $188.92 million in Q1 FY17.

For the reported quarter, the Company's Shipments increased 0.6% to $977 million on a sequential basis.

Balance Sheet

As on September 30, 2017, KLA-Tencor's cash, cash equivalents, and marketable securities increased 1.3% to $3.06 billion from $3.02 billion on June 30, 2017. For the reported quarter, the Company's long-term debt decreased 5.8% to $2.52 billion from $2.68 billion in Q4 FY17.

For the reported quarter, the Company's net accounts receivables increased 16.7% to $666.74 million from $571.12 million in the fourth quarter of 2017. For the reported quarter, the Company's accounts payable decreased 5.9% to $138.66 million from $147.38 million in Q4 FY17.

During Q1 FY18, the Company's cash provided by operating activities increased 120.1% to $373.63 billion from $169.78 billion in the same period last year.

On November 02, 2017, the Company's Board of Directors declared a quarterly cash dividend of $0.59 per share on its common stock payable on December 01, 2017, to stockholders of record as of the close of business on November 15, 2017.

Outlook

For Q2 FY18, KLA-Tencor expects revenue to be in the range of $930 million to $990 million and diluted EPS to be in the band of $1.58 to $1.82. The Company estimates adjusted diluted EPS to be in the range of $1.59 to $1.83 for Q2 FY18.

Stock Performance Snapshot

November 29, 2017 - At Wednesday's closing bell, KLA-Tencor's stock dropped 6.35%, ending the trading session at $100.35.

Volume traded for the day: 3.46 million shares, which was above the 3-month average volume of 1.38 million shares.

Stock performance in the last three-month – up 7.29%; past twelve-month period – up 22.86%; and year-to-date – up 27.54%

After yesterday's close, KLA-Tencor's market cap was at $15.74 billion.

Price to Earnings (P/E) ratio was at 15.38.

The stock has a dividend yield of 2.35%.

The stock is part of the Technology sector, categorized under the Semiconductor Equipment & Materials industry.

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