- Sales of $281 million in the first nine months of 2018, up 5% year-over-year
- GAAP gross margin of 39.9%; non-GAAP gross margin of 40.8%
- GAAP earnings per share of $0.16; non-GAAP adjusted earnings per share of $0.30
- Recently completed the acquisition of Xcerra and already implemented $9.1 million annual run rate cost synergies
POWAY, Calif. — (BUSINESS WIRE) — November 5, 2018 — Cohu, Inc. (NASDAQ: COHU), a leading supplier of semiconductor equipment, today reported fiscal 2018 third quarter net sales of $86.2 million and GAAP income of $4.8 million or $0.16 per share. Net sales for the first nine months of 2018 were $281.1 million and GAAP income was $24.6 million or $0.83 per share. (1)
Cohu also reported non-GAAP results, with third quarter 2018 income of $9.0 million or $0.30 per share and income of $38.3 million or $1.29 per share for the first nine months of 2018. (1)
| GAAP Results (1) | ||||||||||||||||
| (in millions, except per share amounts) |
Q3 FY
|
Q2 FY
|
Q3 FY
|
9 Months
|
9 Months
|
|||||||||||
| Net sales | $86.2 | $99.8 | $93.7 | $281.1 | $268.6 | |||||||||||
| Income | $4.8 | $11.6 | $8.8 | $24.6 | $26.2 | |||||||||||
| Income per share | $0.16 | $0.39 | $0.30 | $0.83 | $0.92 | |||||||||||
| Non-GAAP Results (1) | ||||||||||||||||
| (in millions, except per share amounts) |
Q3 FY
|
Q2 FY
|
Q3 FY
|
9 Months
|
9 Months
|
|||||||||||
| Income | $9.0 | $18.8 | $12.6 | $38.3 | $36.3 | |||||||||||
| Income per share | $0.30 | $0.64 | $0.43 | $1.29 | $1.27 | |||||||||||
