Kulicke & Soffa Q1 2025 Financial Update

TL;DR

KULICKE & SOFFA: Q1 2025 financials filed. Balance sheet details for Dec 28, 2024 vs Sep 28, 2024 and prior year.

AI Summary

Kulicke & Soffa Industries Inc. reported its Q1 2025 results for the period ending December 28, 2024. The company's filing details its financial position, including common stock, treasury stock, retained earnings, and accumulated other comprehensive income as of September 28, 2024, and December 28, 2024. The report also includes comparative data from the prior year's quarter, ending December 30, 2023.

Why It Matters

This filing provides investors with a snapshot of Kulicke & Soffa's financial health and performance for the first quarter of fiscal year 2025, crucial for understanding its current market standing.

Risk Assessment

Risk Level: low — This is a standard quarterly financial filing (10-Q) that primarily reports historical financial data, posing low immediate risk.

Key Numbers

• 2024-12-28 — Balance Sheet Date (End of Q1 2025)
• 2024-09-28 — Prior Balance Sheet Date (End of Q4 2024)
• 2023-12-30 — Prior Year Quarter End (Comparison point for Q1 2025)

Key Players & Entities

• KULICKE & SOFFA INDUSTRIES INC (company) — Filer
• 20241228 (date) — Period of Report
• 20250206 (date) — Filed as of Date
• Q1 2025 (period) — Fiscal Quarter
• 2023-12-30 (date) — Prior Year Quarter End

FAQ

Filing Documents

• klic-20241228.htm (10-Q) — 1216KB
• a10qq12025ex311.htm (EX-31.1) — 11KB
• a10qq12025ex312.htm (EX-31.2) — 10KB
• a10qq12025ex321.htm (EX-32.1) — 6KB
• a10qq12025ex322.htm (EX-32.2) — 5KB
• 0000056978-25-000029.txt ( ) — 7295KB
• klic-20241228.xsd (EX-101.SCH) — 55KB
• klic-20241228_cal.xml (EX-101.CAL) — 91KB
• klic-20241228_def.xml (EX-101.DEF) — 192KB
• klic-20241228_lab.xml (EX-101.LAB) — 633KB
• klic-20241228_pre.xml (EX-101.PRE) — 430KB
• klic-20241228_htm.xml (XML) — 1125KB

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION

FINANCIAL STATEMENTS (Unaudited)

Item 1. FINANCIAL STATEMENTS (Unaudited) Consolidated Condensed Balance Sheets as of December 28, 2024 and September 28, 2024 1 Consolidated Condensed Statements of Operations for the three months ended December 28, 2024 and December 30, 2023 2 Consolidated Condensed Statements of Comprehensive Income for the three months ended December 28, 2024 and December 30, 2023 3 Consolidated Condensed Statements of Changes in Shareholders' Equity for the three months ended December 28, 2024 and December 30, 2023 4 Consolidated Condensed Statements of Cash Flows for the three months ended December 28, 2024 and December 30, 2023 5 Notes to Consolidated Condensed Financial Statements 6

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 26

Item 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 26

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 38

Item 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 38

CONTROLS AND PROCEDURES 39

Item 4. CONTROLS AND PROCEDURES 39

- OTHER INFORMATION

PART II - OTHER INFORMATION

LEGAL PROCEEDINGS 40

Item 1. LEGAL PROCEEDINGS 40

RISK FACTORS 40

Item 1A. RISK FACTORS 40

UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS 40

Item 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS 40

DEFAULTS UPON SENIOR SECURITIES 40

Item 3. DEFAULTS UPON SENIOR SECURITIES 40

MINE SAFETY DISCLOSURES 40

Item 4. MINE SAFETY DISCLOSURES 40

OTHER INFORMATION 41

Item 5. OTHER INFORMATION 41

EXHIBITS 42

Item 6. EXHIBITS 42 SIGNATURES 43 Table of Contents

- FINANCIAL INFORMATION

PART I. - FINANCIAL INFORMATION

– FINANCIAL STATEMENTS

Item 1. – FINANCIAL STATEMENTS KULICKE AND SOFFA INDUSTRIES, INC. CONSOLIDATED CONDENSED BALANCE SHEETS (Unaudited) (in thousands) As of December 28, 2024 September 28, 2024 ASSETS CURRENT ASSETS Cash and cash equivalents $ 278,325 $ 227,147 Short-term investments 260,000 350,000 Accounts and other receivable, net of allowance for doubtful accounts of $ 49 and $ 49 , respectively 247,858 193,909 Inventories, net 185,060 177,736 Prepaid expenses and other current assets 42,646 46,161 TOTAL CURRENT ASSETS 1,013,889 994,953 Property, plant and equipment, net 62,467 64,823 Operating right-of-use assets 34,967 35,923 Goodwill 88,411 89,748 Intangible assets, net 22,802 25,239 Deferred tax assets 17,953 17,900 Equity investments 3,385 3,143 Other assets 7,571 8,433 TOTAL ASSETS $ 1,251,445 $ 1,240,162 LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES Accounts payable 48,974 58,847 Operating lease liabilities 7,048 7,718 Accrued expenses and other current liabilities 77,073 90,802 Income taxes payable 36,056 26,427 TOTAL CURRENT LIABILITIES 169,151 183,794 Deferred tax liabilities 34,657 34,594 Income taxes payable 31,546 31,352 Operating lease liabilities 30,526 33,245 Other liabilities 12,821 13,168 TOTAL LIABILITIES $ 278,701 $ 296,153 Commitments and contingent liabilities (Note 15) SHAREHOLDERS' EQUITY Preferred stock, without par value: Authorized 5,000 shares; issued - no ne $ — $ — Common stock, without par value: Authorized 200,000 shares; issued 85,364 and 85,364 , respectively; outstanding 53,541 and 53,854 shares, respectively 597,901 596,703 Treasury stock, at cost, 31,823 and 31,510 shares, respectively ( 914,241 ) ( 881,830 ) Retained earnings 1,313,213 1,242,558 Accumulated other comprehensive loss ( 24,129 ) ( 13,422 ) TOTAL SHAREHOLDERS' EQUITY $ 972,744 $ 944,009 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 1,251,445 $ 1,240,162 The accompanying notes are an integral part of these c

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