Cohu Reports Third Quarter 2018 Results

  • Sales of $281 million in the first nine months of 2018, up 5% year-over-year
  • GAAP gross margin of 39.9%; non-GAAP gross margin of 40.8%
  • GAAP earnings per share of $0.16; non-GAAP adjusted earnings per share of $0.30
  • Recently completed the acquisition of Xcerra and already implemented $9.1 million annual run rate cost synergies

POWAY, Calif. — (BUSINESS WIRE) — November 5, 2018 — Cohu, Inc. (NASDAQ: COHU), a leading supplier of semiconductor equipment, today reported fiscal 2018 third quarter net sales of $86.2 million and GAAP income of $4.8 million or $0.16 per share. Net sales for the first nine months of 2018 were $281.1 million and GAAP income was $24.6 million or $0.83 per share. (1)

Cohu also reported non-GAAP results, with third quarter 2018 income of $9.0 million or $0.30 per share and income of $38.3 million or $1.29 per share for the first nine months of 2018. (1)

                                 
                     
GAAP Results (1)
(in millions, except per share amounts)

Q3 FY
2018

Q2 FY
2018

Q3 FY
2017

9 Months
2018

9 Months
2017

 
Net sales $86.2 $99.8 $93.7 $281.1 $268.6
 
Income $4.8 $11.6 $8.8 $24.6 $26.2
Income per share $0.16 $0.39 $0.30 $0.83 $0.92
                                 
                                 
 
Non-GAAP Results (1)
(in millions, except per share amounts)

Q3 FY
2018

Q2 FY
2018

Q3 FY
2017

9 Months
2018

9 Months
2017

 
Income $9.0 $18.8 $12.6 $38.3 $36.3
Income per share $0.30 $0.64 $0.43 $1.29 $1.27
                                 

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