kla-tencor corporation (KLA) Snapshot

On May 28, 2013, Robert P. Akins resigned as a member of the Board of Directors of KLA-Tencor Corporation and the Compensation Committee of the company's Board of Directors, effective immediately. Mr. Akins determined that it was no longer appropriate for him to serve as a director of the company following the consummation of the merger pursuant to which ASML Holding NV acquired Cymer Inc., given Mr. Akins' ongoing role with those companies.

KLA-Tencor Corporation announced that its board of directors has declared a quarterly cash dividend of $0.40 per share on its common stock payable on June 3, 2013 to KLA-Tencor stockholders of record as of the close of business on May 13, 2013.

KLA-Tencor Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended March 31, 2013. For the quarter, the company reported total revenues of $729,029,000 compared to $840,521,000 a year ago. Income from operations was $202,246,000 compared to $284,274,000 a year ago. Income before income taxes was $192,115,000 compared to $274,033,000 a year ago. Net income was $166,382,000 or $0.98 per diluted share compared to $205,346,000 or $1.21 per diluted share a year ago. Non-GAAP net income was $171,195,000 or $1.01 per diluted share compared to $215,779,000 or $1.27 per diluted share a year ago. For the nine months period, the company reported total revenues of $2,122,749,000 compared to $2,279,479,000 a year ago. Income from operations was $542,050,000 compared to $698,026,000 a year ago. Income before income taxes was $513,531,000 compared to $668,202,000 a year ago. Net income was $408,379,000 or $2.41 per diluted share compared to $508,138,000 or $2.99 per diluted share a year ago. Non-GAAP net income was $419,569,000 or $2.48 per diluted share compared to $535,902,000 or $3.15 per diluted share a year ago. Net cash provided by operating activities was $414,783,000 compared to $262,094,000 a year ago. Capital expenditure, net was $18,300,000 compared to $14,278,000 a year ago. For the fourth quarter ending June 2013, gross bookings are projected to be in the range of $625 million to $775 million. Revenue in the June quarter is expected to be in the range of $670 million to $730 million, and non-GAAP earnings per share in the range of $0.66 to $0.86 per share. Expectation for total revenue in the fourth quarter is a range between $670 million and $730 million. For the fourth quarter, the company is expecting gross margins between 56% and 57.5%. For the non-GAAP tax rate estimate is about 24%. Looking ahead to the remainder of 2013, outlook for the industry capital expenditure investment in the year has moderated somewhat from initial commentary in January.