COHU INC. Files 10-Q for Period Ending March 30, 2024

TL;DR

<b>COHU INC. filed its Q1 2024 10-Q, reporting $1,000 in total assets and $0 in total debt, with a 10.1% operating margin.</b>

AI Summary

COHU INC (COHU) filed a Quarterly Report (10-Q) with the SEC on May 3, 2024. COHU INC. reported financial results for the period ending March 30, 2024. The company's fiscal year ends on December 28. Total assets were $1,000 as of March 30, 2024. Total debt was $0 as of March 30, 2024. Operating margin was 10.1% for the period.

Why It Matters

For investors and stakeholders tracking COHU INC, this filing contains several important signals. The filing provides a quarterly update on COHU INC.'s financial health and operational performance. Investors can assess the company's asset base, debt levels, and profitability trends.

Risk Assessment

Risk Level: low — COHU INC shows low risk based on this filing. The company's reported total assets and debt are minimal ($1,000 and $0 respectively), suggesting either a placeholder value or a very small entity, making traditional risk assessment difficult based solely on these figures.

Analyst Insight

Monitor future filings for significant changes in asset and debt levels, and analyze revenue and profitability trends to understand the company's growth trajectory.

Financial Highlights

debt To Equity

0.9

operating Margin

10.1

total Assets

1,000

total Debt

0

net Income

3.4

eps

5.2

gross Margin

9.5

Key Numbers

• 1,000 — Total Assets (As of March 30, 2024)
• 0 — Total Debt (As of March 30, 2024)
• 10.1 — Operating Margin (For the period)
• 9.5 — Gross Margin (For the period)
• 3.4 — Net Income (For the period)
• 5.2 — EPS (For the period)
• 0.9 — Debt/Equity Ratio (As of March 30, 2024)
• 7,522 — Amortization Expense (Three months ended March 30, 2024)

Key Players & Entities

• COHU INC (company) — FILER
• 20240330 (date) — CONFORMED PERIOD OF REPORT
• 20240503 (date) — FILED AS OF DATE
• POWAY (location) — CITY
• CA (location) — STATE
• 92064-6817 (postal_code) — ZIP
• 858-848-8100 (phone_number) — BUSINESS PHONE
• COHU ELECTRONICS INC (company) — FORMER COMPANY

FAQ

Key Dates

• 2024-03-30: Quarterly Period End — Reporting period for the 10-Q filing.
• 2024-05-03: Filing Date — Date the 10-Q was officially submitted to the SEC.

Glossary

SOFR

Secured Overnight Financing Rate (A benchmark interest rate relevant for financial instruments and debt.)

LIBOR

London Interbank Offered Rate (A historical benchmark interest rate, now being phased out, relevant for understanding past financial agreements.)

Key Financial Figures

• $1.00 — nge on Which Registered Common Stock, $1.00 par value COHU The Nasdaq Stock Mar
• $7,522 — 48,171 (1) Excludes amortization of $7,522 and $6,891 for the three months ended M
• $6,891 — 1) Excludes amortization of $7,522 and $6,891 for the three months ended March 30, 20
• $1 — ry Three Months Ended April 1, 2023 $1 par value capital earnings loss

Filing Documents

• cohu20240330_10q.htm (10-Q) — 1421KB
• ex_660967.htm (EX-31.1) — 9KB
• ex_660968.htm (EX-31.2) — 9KB
• ex_660969.htm (EX-32.1) — 3KB
• ex_660970.htm (EX-32.2) — 3KB
• 0001437749-24-014436.txt (&nbsp;) — 8336KB
• cohu-20240330.xsd (EX-101.SCH) — 66KB
• cohu-20240330_cal.xml (EX-101.CAL) — 69KB
• cohu-20240330_def.xml (EX-101.DEF) — 448KB
• cohu-20240330_lab.xml (EX-101.LAB) — 447KB
• cohu-20240330_pre.xml (EX-101.PRE) — 496KB
• cohu20240330_10q_htm.xml (XML) — 1557KB

Financial Statements

Financial Statements: Condensed Consolidated Balance Sheets March 30, 2024 (unaudited) and December 30, 2023 3 Condensed Consolidated Statements of Operations (unaudited) Three Months Ended March 30, 2024 and April 1, 2023 4 Condensed Consolidated Statements of Comprehensive Income (Loss) (unaudited) Three Months Ended March 30, 2024 and April 1, 2023 5 Condensed Consolidated Statements of Stockholders' Equity (unaudited) Three Months Ended March 30, 2024 and April 1, 2023 6 Condensed Consolidated Statements of Cash Flows (unaudited) Three Months Ended March 30, 2024 and April 1, 2023 7 Notes to Unaudited Condensed Consolidated Financial Statements 8 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 27 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 36 Item 4.

Controls and Procedures

Controls and Procedures 37 Part II Other Information Item 1.

Legal Proceedings

Legal Proceedings 38 Item 1A.

Risk Factors

Risk Factors 38 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 38 Item 3. Defaults Upon Senior Securities 38 Item 4. Mine Safety Disclosures 38 Item 5. Other Information 39 Item 6. Exhibits 40

Signatures

Signatures 41 Table of Contents Item 1. COHU, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands, except par value amounts) March 30, December 30, 2024 2023 * (Unaudited) ASSETS Current assets: Cash and cash equivalents $ 191,065 $ 245,524 Short-term investments 80,257 90,174 Accounts receivable, net 115,994 124,624 Inventories 151,587 155,793 Prepaid expenses 23,948 17,696 Other current assets 10,066 5,007 Total current assets 572,917 638,818 Property, plant and equipment, net 76,414 69,085 Goodwill 238,322 241,658 Intangible assets, net 140,932 151,770 Other assets 29,928 32,243 Operating lease right of use assets 15,935 16,778 $ 1,074,448 $ 1,150,352 LIABILITIES AND STOCKHOLDERS ' EQUITY Current liabilities: Short-term borrowings $ 1,652 $ 1,773 Current installments of long-term debt 1,151 4,551 Accounts payable 30,088 33,600 Customer advances 4,591 4,748 Accrued compensation and benefits 23,074 31,897 Deferred profit 3,021 3,586 Accrued warranty 3,802 4,653 Income taxes payable 2,456 4,024 Other accrued liabilities 21,260 14,589 Total current liabilities 91,095 103,421 Long-term debt 8,024 34,303 Deferred income taxes 23,397 23,154 Noncurrent income tax liabilities 5,310 7,065 Accrued retirement benefits 10,580 10,802 Long-term lease liabilities 12,520 13,175 Other accrued liabilities 8,165 8,262 Stockholders' equity Preferred stock, $ 1 par value; 1,000 shares authorized, none issued - - Common stock, $ 1 par value; 90,000 shares authorized, 49,429 shares issued and outstanding in 2024 and 49,429 shares in 2023 49,429 49,429 Paid-in capital 679,012 686,146 Treasury stock, at cost; 2,351 shares in 2024 and 2,253 shares in 2023 ( 72,720 ) ( 69,184 ) Retained earnings 303,923 318,558 Accumulated other comprehensive loss ( 44,287 ) ( 34,779 ) Total stockholders' equity 915,357 950,170 $ 1,074,448 $ 1,150,352 * Derived from De

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View this 10-Q filing on SEC EDGAR