Earnings Labs

Kulicke and Soffa Industries, Inc. (KLIC)

Q4 2014 Earnings Call· Thu, Nov 6, 2014

$82.57

-4.50%

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Same-Day

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1 Week

+0.07%

1 Month

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Transcript

Operator

Operator

Greetings and welcome to the Kulicke & Soffa Fourth Fiscal Quarter 2014 Results Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. (Operator Instructions) As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Joseph Elgindy, Director of Investor Relations and Strategic Planning for Kulicke & Soffa. Thank you. You may begin.

Joseph Elgindy

Management

Bruno Guilmart

Management

Jonathan Chou

Management

Bruno Guilmart

Management

Operator

Operator

Thank you. At this time we will be conducting a question-and-answer session. (Operator Instructions) Our first question is coming from the line of Tom Diffely with D.A. Davidson. Please proceed with your question.

Tom Diffely

Analyst

Bruno Guilmart

Management

Tom Diffely

Analyst

Bruno Guilmart

Management

Tom Diffely

Analyst

Bruno Guilmart

Management

Tom Diffely

Analyst

Bruno Guilmart

Management

Tom Diffely

Analyst

Jonathan Chou

Management

Tom Diffely

Analyst

Jonathan Chou

Management

Operator

Operator

Thank you. (Operator Instructions) Our next question is coming from the line of Mohit Khanna with Value Investments. Please proceed with your question.

Mohit Khanna

Analyst

Jonathan Chou

Management

Mohit Khanna

Analyst

Jonathan Chou

Management

Mohit Khanna

Analyst

Jonathan Chou

Management

Bruno Guilmart

Management

Mohit Khanna

Analyst

Jonathan Chou

Management

Mohit Khanna

Analyst

Jonathan Chou

Management

Bruno Guilmart

Management

Mohit Khanna

Analyst

Bruno Guilmart

Management

Jonathan Chou

Management

Mohit Khanna

Analyst

Bruno Guilmart

Management

Operator

Operator

Thank you. Our next question is coming from the line of [Andy Scholnick] (ph), a private investor. Please proceed with your question.

Unidentified Analyst

Analyst

Jonathan, in the absence of having the 10-K available at this time, I'm going to ask you just fill in a couple of numbers for me. What was the net cash flow from operations in the fiscal fourth quarter?

Jonathan Chou

Management

Unidentified Analyst

Analyst

Yes. Well probably another one that you may not have readily available. I was wondering if you could give us a free cash flow calculation in terms of fiscal 2014?

Jonathan Chou

Management

Unidentified Analyst

Analyst

Well, I think the only other thing I am curious about is whether or not you have any kind of sense of what’s the penetration of the bonder market has been from the copper bonders over the past few years?

Bruno Guilmart

Management

Unidentified Analyst

Analyst

Do you have any estimate of how far you've penetrated the market for copper bonders?

Bruno Guilmart

Management

Unidentified Analyst

Analyst

Jonathan, can I come back to you? I want to be sure I did understand what you said about the share repurchase program. Did you repurchase $628,000 worth of common stock at $14.40 per share in the fourth quarter?

Jonathan Chou

Management

Unidentified Analyst

Analyst

And what was the 6.8 million that you referenced, that $13.27 per share?

Bruno Guilmart

Management

Jonathan Chou

Management

Unidentified Analyst

Analyst

That’s it for me, unless you have that net cash flow from operations or when the 10-K will be filed?

Jonathan Chou

Management

Operator

Operator

Thank you. Our next question is coming from the line of Albert Sebastian with Prospect Advisors. Please proceed with your question.

Albert Sebastian

Analyst

Jonathan Chou

Management

Albert Sebastian

Analyst

Jonathan Chou

Management

Bruno Guilmart

Management

Jonathan Chou

Management

Albert Sebastian

Analyst

Jonathan Chou

Management

Bruno Guilmart

Management

Albert Sebastian

Analyst

Jonathan Chou

Management

Operator

Operator

Thank you. Our next question is from the line of David Duley with Steelhead. Please proceed with your question.

David Duley

Analyst

Bruno Guilmart

Management

David Duley

Analyst

Bruno Guilmart

Management

David Duley

Analyst

Bruno Guilmart

Management

David Duley

Analyst

Bruno Guilmart

Management

David Duley

Analyst

Bruno Guilmart

Management

David Duley

Analyst

Bruno Guilmart

Management

David Duley

Analyst

Bruno Guilmart

Management

David Duley

Analyst

Bruno Guilmart

Management

David Duley

Analyst

- Steelhead: So you are definitely demonstrating that your customer side is a much more stable process and a higher units per hour?

Bruno Guilmart

Management

David Duley

Analyst

- Steelhead: Last question from me is, the year-over-year guidance for December is up versus last year as you pointed out. Is that almost, is that the wedge bonder business being strong year-over-year most of the [Multiple Speakers]?

Bruno Guilmart

Management

Operator

Operator

Thank you. We have reached the end of our question-and-answer session. I would now like to turn the floor back over to Mr. Elgindy for any additional concluding comments.

Joseph Elgindy

Management