Teradyne Inc. Presents at UBS Global Technology Conference, Nov-19-2013 10:00 AM
Nov 18 13
Teradyne Inc. Presents at UBS Global Technology Conference, Nov-19-2013 10:00 AM. Venue: Cavallo Point, The Lodge, Golden Gate, Sausalito, San Francisco, California, United States. Speakers: Andrew J. Blanchard, Vice President of Corporate Relations.
Teradyne Inc. Announces Management Changes, Effective January 31, 2014
Nov 13 13
The Teradyne Board of Directors named Mark E. Jagiela to succeed Michael A. Bradley as CEO effective January 31, 2014. Mr. Jagiela will join the Board of Directors on the same date. Mr. Jagiela is currently the company's President and a 31-year veteran of Teradyne. Prior to his promotion to company President in 2012, he was President of the Semiconductor Test Division. He began his career as a semiconductor test system design engineer and has held a variety of senior management roles in his career, including General Manager of Teradyne's Japan Division. Mr. Bradley, who will retire as the company's CEO effective January 31, 2014, will continue as a Director of the company.
Teradyne, Inc. Introduces Several New Multiple Test Site Configurations of its TestStation In-Circuit Test System Family During Productronica 2013
Nov 11 13
Teradyne Inc. is introducing several new Multiple Test Site configurations of its TestStation In-Circuit Test System family during Productronica 2013. TestStation's Multi-Site capability supports full parallel test of two or more boards, substantially increasing total system productivity (units tested per hour per system) versus single test site alternatives. A Multi-Site equipped system, fixture and operator can deliver the equivalent test capacity of two or more conventional systems, reducing both initial capacity acquisition costs and annual operating costs. Teradyne Multi-Site systems are available for automated inline and manual offline use. TestStation Multi-Site inline systems feature a 'Zero-Footprint' test head that fits entirely within the existing handler enclosure. TestStation Multi-Site offline test systems require 65% less floor space and power provisioning compared to most conventional ICT systems. The new systems will be introduced in Hall A1, Stand 339 at Productronica 2013 held in Munich, Germany from November 12-15. Productronica, now in its 20th year, is Europe's premier trade fair for electronics manufacturing and production equipment. TestStation is Teradyne's family of performance in-circuit and functional test systems. The TestStation Multi-Site architecture delivers full parallel testing for 6-wire performance analog and digital in-circuit test, functional test, boundary scan, flash programming and parametric test options.
Teradyne Inc. Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 29, 2013; Provides Earnings Guidance for the Fourth Quarter of 2013
Oct 23 13
Teradyne Inc. reported consolidated earnings results for the third quarter and nine months ended September 29, 2013. For the quarter, the company reported net revenues of $433,376,000 compared to $463,394,000 a year ago. Income from operations was $93,506,000 compared to $108,112,000 a year ago. Income before income taxes was $87,552,000 compared to $103,025,000 a year ago. Net income was $69,459,000 or $0.29 per diluted share compared to $88,641,000 or $0.39 per diluted share a year ago. Net cash provided by operating activities was $154,452,000 compared to $248,972,000 a year ago. Purchases of property, plant and equipment were $32,127,000 compared to $33,328,000 a year ago. On a non-GAAP basis, the company’s net income was $95.0 million, or $0.46 per diluted share, which excluded acquired intangible asset amortization, non-cash convertible debt interest, and included income taxes on a cash basis.
For the nine months period, the company reported net revenues of $1,142,632,000 compared to $1,408,346,000 a year ago. Income from operations was $183,822,000 compared to $311,963,000 a year ago. Income before income taxes was $166,483,000 compared to $296,261,000 a year ago. Net income was $142,604,000 or $0.61 per diluted share compared to $233,592,000 or $1.02 per diluted share a year ago. Net cash provided by operating activities was $223,429,000 compared to $362,233,000 a year ago. Purchases of property, plant and equipment were $82,925,000 compared to $91,132,000 a year ago. Income from operations - non-GAAP was $238.1 million compared to $371.0 million a year ago. Net income - non-GAAP was $202.3 million or $0.99 diluted per share compared to $325.0 million or $1.60 diluted per share a year ago.
The company provided earnings guidance for the fourth quarter of 2013. For the quarter, the company expects revenue of $260 million to $285 million; diluted non-GAAP net income of $0.00 to $0.07 per share; diluted GAAP net income of $0.04 to $0.08 per share. The operating profit rate at the midpoint of fourth quarter guidance is about 4%. The company expects non-GAAP gross margins to be about 55%.
Teradyne Inc., Q3 2013 Earnings Call, Oct 24, 2013
Oct 11 13
Teradyne Inc., Q3 2013 Earnings Call, Oct 24, 2013