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KLA Corporation (NASDAQ: KLAC), headquartered in Milpitas, California, is a global leader in process control and yield management solutions. The company collaborates with customers in the semiconductor, data storage, LED, and other nanoelectronics industries to develop state-of-the-art inspection and metrology technologies. These innovations are essential for manufacturing and ensuring the quality of electronic components.
Core Business: KLA specializes in semiconductor process control. Their equipment inspects semiconductor wafers during research, development, and manufacturing to detect defects and verify precise measurements. Additionally, KLA has a presence in the etch and deposition segments of the wafer fabrication equipment market.
Product Portfolio: With industry-standard products and a team of world-class engineers and scientists, KLA offers solutions that include advanced process control and process-enabling technologies for manufacturing wafers, reticles, integrated circuits, packaging, printed circuit boards, and flat panel displays. The company’s portfolio emphasizes innovation and quality.
Major Clients: KLA counts among its top customers some of the world's largest chipmakers, including TSMC and Samsung. This underscores the company’s significant role in the semiconductor industry and its influence on the production of cutting-edge technology components.
Financial Health: In the fourth quarter of fiscal year 2023, KLA reported a GAAP net income of $684.7 million and diluted EPS of $4.97 on total revenues of $2.36 billion. For the fiscal year ending June 30, 2023, the company achieved a GAAP net income of $3.39 billion and diluted EPS of $24.15 on revenues of $10.50 billion. These figures highlight KLA’s robust financial performance despite challenging market conditions.
Recent Achievements: KLA's results for the first quarter of fiscal year 2024, which ended on September 30, 2023, showed continued strength with a GAAP net income of $741.4 million and earnings per diluted share of $5.41 on revenue of $2.40 billion. The company’s performance reflects its market leadership and operational execution.
Future Outlook: Despite ongoing market challenges, KLA remains committed to supporting customer requirements and maintaining critical R&D investments to enable its technology roadmap. The company’s strategic focus on innovation and customer collaboration positions it well for future growth and long-term value creation for stakeholders.
For the latest updates, financial disclosures, and investor relations, visit KLA's Investor Relations page. Further information about the company can be found at www.kla.com.
KLA Corporation reported strong financial results for the fourth quarter and fiscal year ended June 30, 2022. Total revenues were $2.49 billion, with GAAP net income of $805.4 million and diluted EPS of $5.40. Non-GAAP diluted EPS reached $5.81. For the fiscal year, total revenues were $9.21 billion, and GAAP net income was $3.32 billion.
Operating cash flow for the quarter was $819.2 million, with free cash flow of $746.1 million. The company plans to generate revenues between $2.475 billion and $2.725 billion in Q1 fiscal 2023.
KLA Corporation has announced a cash tender offer for up to $500 million in aggregate principal amount of its 4.650% Senior Notes due 2024. The Tender Offer, initiated on June 21, 2022, aims to purchase notes at a Total Consideration of $1,024.50 per $1,000 principal, which includes a $30 Early Tender Payment. The offer is expected to be prorated due to anticipated oversubscription and will close on July 5, 2022. Payment for accepted notes will occur on July 7, 2022. KLA retains the discretion to terminate the offer at any time.
KLA Corporation (NASDAQ: KLAC) announced the early results of its cash tender offer for up to $500 million of its 4.650% Senior Notes due 2024. As of July 5, 2022, holders had validly tendered $705.8 million, exceeding the maximum amount, meaning purchases will occur on a prorated basis. Those who tendered by the early deadline will receive a $30 early tender payment per $1,000 of notes accepted. The early settlement date is set for July 7, 2022, with accrued interest included in the total consideration.
KLA Corporation (NASDAQ: KLAC) will review its fourth quarter fiscal year 2022 earnings on July 28, 2022, at 2 p.m. PT. The results will be released after market close, accompanied by a shareholder letter and an earnings slide presentation. Investors can access the earnings disclosures and a live webcast on KLA's investor relations page.
These announcements are part of KLA's commitment to keep investors informed about material financial information and ongoing developments in the electronics industry.
KLA Corporation announced an accelerated share repurchase agreement worth $3.0 billion with Goldman Sachs and Citibank. This transaction is part of KLA's previously announced share repurchase programs, with approximately $3.233 billion remaining in authorization. KLA will initially receive around 6,549,000 shares as part of the buyback, with final settlement expected by December 31, 2022. This move aims to enhance shareholder value and reduce the total share count, potentially impacting earnings per share positively.
KLA Corporation (NASDAQ: KLAC) announced on June 21, 2022, a firm commitment underwriting agreement to sell $1 billion of 4.650% Senior Notes due 2032, $1.2 billion of 4.950% Senior Notes due 2052, and $800 million of 5.250% Senior Notes due 2062. The offering will settle on June 23, 2022, with net proceeds estimated at $2.96 billion. A portion will fund a concurrent tender offer for its 2024 Notes, while the remainder will be used to repurchase $3 billion in common stock following the offering's closing.
KLA Corporation (NASDAQ: KLAC) has initiated a cash Tender Offer to purchase up to $500,000,000 of its 4.650% Senior Notes due 2024. The offer will be funded through proceeds from a concurrent senior notes offering. KLA reserves the right to modify the Maximum Amount of the Tender Notes. The Tender Offer is open until July 19, 2022, with an early tender deadline on July 5, 2022. Holders may receive an early tender payment of $30.00 per $1,000 principal amount if tendered early. The offer aims to refinance a portion of KLA's debt.
KLA Corporation (NASDAQ: KLAC) has announced a new $6 billion share repurchase authorization, including an accelerated share repurchase of approximately $3 billion within the next 3-6 months. The company also raised its quarterly dividend by 24% to $1.30 per share, marking the 13th consecutive annual dividend increase. Additionally, KLA confirmed its revenue guidance for the June 2022 quarter, estimating between $2.3 billion and $2.55 billion, with non-GAAP diluted earnings per share projected between $4.93 and $6.03.
KLA Corporation (NASDAQ: KLAC) has declared a quarterly cash dividend of $1.05 per share on its common stock. The dividend is payable on June 1, 2022, to shareholders on record as of the close of business on May 16, 2022. This decision reinforces KLA's commitment to returning value to its shareholders while supporting its ongoing business operations in the electronics industry.
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