Early Access

10-QPeriod: Q3 FY2011

KLA CORP Quarterly Report for Q3 Ended Mar 31, 2011

Filed April 29, 2011For Securities:KLAC

Summary

KLA Corp (KLAC) reported strong financial performance for the nine months ended March 31, 2011, driven by robust demand in the semiconductor industry. Total revenues more than doubled year-over-year, reaching $2.28 billion. Net income also saw a significant increase, rising to $549.5 million from $99.2 million in the prior year period. This performance reflects a healthy increase in product revenues, which grew by 109% year-over-year for the nine-month period, alongside steady growth in service revenues. The company's balance sheet remains strong, with total assets growing to $4.45 billion and stockholders' equity increasing to $2.67 billion. Liquidity is robust, with cash, cash equivalents, and marketable securities totaling $1.84 billion. KLA Corp also demonstrated a commitment to returning capital to shareholders, increasing its dividend payments and continuing its share repurchase program.

Financial Highlights

49 data points
Beta

Revenue

$834.06M

0.6% Gross Margin

Net Income

$209.78M

0.3% Net Margin

EPS (Diluted)

$1.22

Total Assets

$4.45B

Cash & Equivalents

$638.76M

Free Cash Flow

$230.08M

Financial Statements
Beta
Revenue$834.06M
Cost of Revenue$327.70M
Gross Profit$506.36M
R&D Expenses$95.62M
SG&A Expenses$98.97M
Operating Expenses$522.28M
Operating Income$311.78M
Interest Expense$13.41M
Net Income$209.78M
EPS (Basic)$1.25
EPS (Diluted)$1.22
Shares Outstanding (Basic)167.63M
Shares Outstanding (Diluted)171.31M

Key Highlights

  • 1Total revenues for the nine months ended March 31, 2011, increased by 81% to $2.28 billion, compared to $1.26 billion for the same period in the prior year.
  • 2Product revenue growth was particularly strong, up 109% year-over-year for the nine-month period, indicating high demand for KLA's core offerings.
  • 3Net income for the nine months ended March 31, 2011, surged to $549.5 million, a significant increase from $99.2 million in the prior year.
  • 4Diluted earnings per share (EPS) for the nine months ended March 31, 2011, reached $3.23, up from $0.57 in the prior year.
  • 5The company maintained a strong liquidity position with $1.84 billion in cash, cash equivalents, and marketable securities as of March 31, 2011.
  • 6KLA Corp increased its quarterly dividend payment to $0.25 per share and continued its share repurchase program, demonstrating a commitment to shareholder returns.
  • 7Geographically, Asia remains the dominant revenue driver, with Taiwan and Rest of Asia contributing significantly to the company's top line.

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