ESI Announces Strong First Quarter Fiscal 2019 Results

Electro Scientific Industries, Inc.
First Quarter Fiscal 2019 Results
Reconciliation of GAAP to Non-GAAP Financial Measures
(Unaudited)

  Fiscal quarter ended 
(In thousands, except per share data) Jun 30, 2018   Mar 31, 2018   Jul 1, 2017 
Gross profit per GAAP$53,198  $54,722  $26,420 
Purchase accounting243  242  251 
Equity compensation106  69  67 
Charges for other asset and inventory impairment  277  7,194 
Charges from VAT audit(97) 521   
Non-GAAP gross profit $ 53,450   $ 55,831   $ 33,932 
      
Operating expenses per GAAP $ 20,189   $ 20,022   $ 22,953 
Purchase accounting(114) (114) (219)
Equity compensation(1,393) (1,223) (1,211)
Restructuring costs  144  (1,211)
Non-GAAP operating expenses $ 18,682   $ 18,829   $ 20,312 
      
Operating income per GAAP $ 33,009   $ 34,700   $ 3,467 
Non-GAAP adjustments to gross profit252  1,109  7,512 
Non-GAAP adjustments to operating expenses1,507  1,193  2,641 
Non-GAAP operating income $ 34,768   $ 37,002   $ 13,620 
           
Non-operating income (expense), net per GAAP $ 452     $ (283 )   $ (184 )
(Income) expense, on charges from VAT audit, Gain on asset sale, net of other non-operating expense (income) (49 )   336      
Non-GAAP non-operating income
(expense)
$ 403     $ 53     $ (184 )
Non-GAAP income before income taxes $ 35,171     $ 37,055     $ 13,436  
           
Net income per GAAP $ 31,143     $ 75,088     $ 2,902  
Non-GAAP adjustments to gross profit 252     1,109     7,512  
Non-GAAP adjustments to operating expenses 1,507     1,193     2,641  
Non-GAAP adjustments to non-operating expense (49 )   336      
Income tax effect of other non-GAAP adjustments 1,734     (41,225 )   (24 )
Non-GAAP net income $ 34,587     $ 36,501     $ 13,031  
Basic Non-GAAP net income per share $ 1.00     $ 1.06     $ 0.39  
Diluted Non-GAAP net income per share $ 0.96     $ 1.02     $ 0.38  

Electro Scientific Industries, Inc.

« Previous Page 1 | 2 | 3 | 4 | 5  Next Page »
Featured Video
Jobs
CAD Engineer for Nvidia at Santa Clara, California
GPU Design Verification Engineer for AMD at Santa Clara, California
Design Verification Engineer for Blockwork IT at Milpitas, California
Senior Firmware Architect - Server Manageability for Nvidia at Santa Clara, California
Senior Platform Software Engineer, AI Server - GPU for Nvidia at Santa Clara, California
Upcoming Events
Phil Kaufman Award Ceremony and Banquet to be held November 6 at Hayes Mansion at Hayes Mansion 200 Edenvale Ave San Jose CA - Nov 6, 2024
SEMICON Europa 2024 at Messe München München Germany - Nov 12 - 15, 2024
DVCon Europe 2023 at Holiday Inn Munich – City Centre Munich Germany - Nov 14 - 15, 2024
SEMI MEMS & Imaging Sensors Summit, at International Conference Center Munich Germany - Nov 14, 2024



© 2024 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise