Last $17.68 USD
Change Today +0.34 / 1.96%
Volume 43.9K
NEWP On Other Exchanges
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As of 1:38 PM 07/22/14 All times are local (Market data is delayed by at least 15 minutes).

newport corp (NEWP) Key Developments

Newport Corp. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 29, 2014; Provides Earnings Guidance for Second Quarter of 2014

Newport Corp. reported unaudited consolidated earnings results for the first quarter ended March 29, 2014. For the quarter, the company reported that net sales were $146,890,000 compared to $132,607,000 a year ago. Operating income was $12,526,000 compared to $4,423,000 a year ago. Income before income taxes was $11,550,000 compared to $2,286,000 a year ago. Net income attributable to the company was $7,886,000 or $0.19 per diluted share compared to $2,746,000 or $0.07 per diluted share a year ago. Non-GAAP operating income excluding the amortization of intangible assets, stock-based compensation expense, acquisition-related, restructuring and severance costs and a gain on sale of assets was $17,899,000 compared to $11,152,000 a year ago. Non-GAAP net income excluding the amortization of intangible assets, stock-based compensation expense, acquisition-related, restructuring and severance costs and a gain on sale of assets was $11,568,000 or $0.0.29 per diluted share compared to $6,160,000 or $0.16 per diluted share a year ago. Cash generated from operations of $9.4 million, and a reduction in debt of $12.5 million, resulting in a net debt position of $12.8 million at the end of the quarter. In the second quarter of 2014, the company expects sales to be in the range of $147 million to $153 million, which would be 9.5% to 14.0% higher than the second quarter of 2013. As a result, the company also expects significant year-over-year increases in non-GAAP operating income and non-GAAP earnings per diluted share in the second quarter of 2014.

Newport Corp. to Report Q1, 2014 Results on Apr 30, 2014

Newport Corp. announced that they will report Q1, 2014 results at 9:01 PM, GMT Standard Time on Apr 30, 2014

Newport Corp., Q1 2014 Earnings Call, Apr 30, 2014

Newport Corp., Q1 2014 Earnings Call, Apr 30, 2014

Newport Corp., Annual General Meeting, May 20, 2014

Newport Corp., Annual General Meeting, May 20, 2014., at 09:00 Pacific Standard Time. Location: 1791 Deere Avenue. Agenda: To elect six directors named in the proxy statement to serve for a term of one year; to ratify the appointment of Deloitte & Touche LLP as company’s independent auditors for the fiscal year ending January 3, 2015; to hold an advisory vote on the approval of the compensation of Newport’s named executive officers; and to transact such other business as may properly be brought before the meeting or any adjournment thereof.

Newport Corporation Names Cherry Murray to its Board of Directors

Newport Corporation announced that Cherry Murray, Ph.D. has joined the company's Board of Directors. Dr. Murray is Dean of the School of Engineering and Applied Sciences at Harvard University. She also holds the John A. and Elizabeth S. Armstrong Professorship of Engineering and Applied Sciences and is a Professor of Physics at Harvard. Prior to joining Harvard in 2009, Dr. Murray served as Principal Associate Director for Science and Technology for Lawrence Livermore National Laboratory. Prior to joining Lawrence Livermore in 2004, Dr. Murray spent 27 years with Bell Laboratories and Lucent Technologies, where she led numerous research programs in areas such as fundamental physics, semiconductors and wireless networking. Dr. Murray holds Bachelor of Science and Ph.D. degrees in Physics from the Massachusetts Institute of Technology. Dr. Murray currently serves on the governing or advisory boards of a number of scientific organizations.

 

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NEWP

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Valuation NEWP Industry Range
Price/Earnings 33.7x
Price/Sales 1.2x
Price/Book 2.0x
Price/Cash Flow 33.4x
TEV/Sales 1.0x
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