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Nordson Corporation has successfully completed its acquisition of CyberOptics (NASDAQ: CYBE), announced on August 8, 2022. This strategic acquisition enhances Nordson's presence in the semiconductor and electronics sectors, leveraging CyberOptics' advanced high-precision sensor technologies. These innovations aim to improve customer yield, streamline processes, and boost productivity across industries.
CyberOptics Corporation (NASDAQ: CYBE) has won the 2022 Mexico Technology Award for its Dual-Mode Multi-Reflection Suppression® (MRS)® sensor-enabled SE3000™ SPI system. This marks the company's 29th award for its proprietary MRS technology, recognized for its flexibility in solder paste inspection applications. The award was announced on September 21, 2022, at the SMTA Guadalajara event. The SE3000™ SPI system enhances operational efficiency by offering high-speed and high-resolution inspection modes, improving yield and process performance for customers in semiconductor and SMT markets.
CyberOptics Corporation has been honored as one of the 2022 CFO of the Year award recipients by the Minneapolis/St. Paul Business Journal. Jeff Bertelsen, the CFO, noted a 32% year-over-year profit growth in 2021, alongside a 21% revenue increase and a remarkable 75% net income rise in the first half of 2022 compared to 2021. The awards aim to recognize outstanding financial executives who have significantly impacted their companies and communities.
CyberOptics Corporation (NASDAQ: CYBE) will showcase its technologies at the Heterogeneous Integration Global Summit in Taipei from September 14-16. The presentation by CEO Dr. Subodh Kulkarni on September 16 focuses on high-precision 3D sensing for semiconductor bump height uniformity. Key innovations include the WX3000™ Metrology and Inspection system and new WaferSense® Auto Teaching Systems (ATS2™ and ATSR™). These advancements aim to enhance semiconductor manufacturing efficiency and yield by providing faster and more accurate inspection capabilities.
Nordson Corporation (NDSN) has announced a definitive agreement to acquire CyberOptics Corporation (CYBE) for $54.00 per share, totaling approximately $380 million, net of cash acquired. This all-cash deal, valued at 18.5 times CyberOptics' trailing twelve months EBITDA, aims to enhance Nordson's test and inspection platform, particularly in the semiconductor and electronics sectors. The acquisition, expected to close in Q1 fiscal 2023, will leverage CyberOptics' advanced 3D optical sensing technology, driving new growth opportunities and an anticipated $6 million in cost synergies.
CyberOptics Corporation has announced its acquisition by Nordson Corporation for
CyberOptics Corporation (Nasdaq: CYBE) reported record sales for Q2 2022, totaling $27.6 million, a 9% increase from Q2 2021. Net income rose 41% to $4.4 million or $0.58 per diluted share. For the first half of 2022, sales increased 21% to $51.8 million, with net income climbing 75% to $8.0 million. Sales of WaferSense semiconductor sensors surged 35% year-over-year to $7.4 million. The backlog reached a record $55.5 million as customer demand grows, prompting expectations of continued strong performance.
CyberOptics Corporation (NASDAQ: CYBE) will hold a conference call on July 27 at 4:30 PM Eastern to discuss second-quarter 2022 operating results. Prior to the call, the earnings release will be issued. Investors can join the live call by dialing 800-289-0720 and using conference ID: 1776006. A webcast of the call will be available on the company’s investor relations page and will remain accessible for 30 days. CyberOptics specializes in high-precision 3D sensing technology, serving the SMT and semiconductor markets to enhance productivity.
CyberOptics Corporation (NASDAQ: CYBE) has received the 2022 EM Innovation Award for its SQ3000™+ Multi-Function system, marking the third award for this technology since its launch in 2021. This system utilizes proprietary Multi-Reflection Suppression® (MRS®) sensor technology to enhance inspection and metrology processes in high-end applications. The SQ3000+ is designed for advanced packaging, mini-LED, and other complex tasks, ensuring high accuracy and speed. The award underlines CyberOptics' commitment to innovation in the SMT and semiconductor markets.
CyberOptics Corporation (NASDAQ: CYBE) will hold a conference call on July 27 at 4:30 PM Eastern to discuss its second quarter 2022 operating results, with the earnings release to be issued prior to the call.
Investors can join the call by dialing 800-289-0720 and entering conference ID: 1776006. A live webcast will also be available on the company's investor relations website. A call replay will be available within an hour after the call ends.
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