8-KEarnings & Results

KLA CORP 8-K Report, Financial Results (Jul 10, 2013)

Filed July 10, 2013For Securities:KLAC

Summary

KLA Corporation (KLAC) filed an 8-K on July 9, 2013, providing updated guidance for its fourth quarter of fiscal year 2013, which concluded on June 30, 2013. During its annual SEMICON West analyst briefing, management indicated that bookings exceeded the mid-point of their previous guidance, coming in over $700 million. Revenues were reported to be in the upper half of the previously forecasted range, and non-GAAP Earnings Per Share (EPS) also performed well at a normalized tax rate of 24%. This update suggests a stronger than anticipated finish to the fiscal year for KLAC. Investors should note that the detailed financial results will be fully disclosed in their upcoming earnings report. The company also alluded to providing future outlook information during the webcast, which is accessible on their investor relations website.

Key Highlights

  • 1KLA Corp provided updated financial guidance for its fourth quarter of fiscal year 2013 (ended June 30, 2013) during a SEMICON West analyst briefing.
  • 2Bookings for Q4 FY13 were reported to be above the mid-point of prior guidance and exceeded $700 million.
  • 3Revenues for Q4 FY13 finished in the top half of the previously provided guidance range.
  • 4Non-GAAP EPS for Q4 FY13 also met expectations, achieving results within the upper range at a normalized 24% tax rate.
  • 5The company webcast the presentation and made a replay available on its Investor Relations website, complying with Regulation FD.
  • 6Future outlook information was also presented during the briefing, details of which are available via the webcast.

Frequently Asked Questions

This 8-K filing serves to update investors on KLA Corp's expected financial performance for its fourth quarter of fiscal year 2013, which had recently concluded. The updates were provided during an analyst briefing and aim to align with Regulation FD requirements for public disclosure.

The company indicated that its Q4 FY13 bookings exceeded the mid-point of their previously issued guidance, surpassing $700 million. Revenues landed in the upper half of their guided range, and non-GAAP EPS also performed strongly within the upper portion of expectations.

While this 8-K provides a preliminary update, investors can find the full, detailed financial results and any additional forward-looking statements in KLA Corp's official earnings report. Information from the SEMICON West briefing, including a replay, is available on the Investor Relations section of the company's website.