Last $18.37 USD
Change Today +0.27 / 1.49%
Volume 78.6K
NEWP On Other Exchanges
Symbol
Exchange
Berlin
NASDAQ GS
As of 8:10 PM 09/18/14 All times are local (Market data is delayed by at least 15 minutes).

newport corp (NEWP) Snapshot

Open
$18.24
Previous Close
$18.10
Day High
$18.47
Day Low
$18.24
52 Week High
03/4/14 - $21.80
52 Week Low
10/30/13 - $14.29
Market Cap
733.6M
Average Volume 10 Days
129.2K
EPS TTM
$0.91
Shares Outstanding
39.9M
EX-Date
09/10/01
P/E TM
20.3x
Dividend
--
Dividend Yield
--
Current Stock Chart for NEWPORT CORP (NEWP)

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newport corp (NEWP) Details

Newport Corporation, together with its subsidiaries, provides technology products and systems for scientific research, microelectronics, defense and security, life and health sciences, and industrial markets worldwide. The company operates in three groups: Photonics, Lasers, and Optics. The Photonics group provides photonics instruments and systems; vibration isolation systems and subsystems; precision positioning devices, systems, and subsystems; optics and opto-mechanical components for research applications; optical hardware; and three-dimensional non-contact measurement sensors and equipment. The Lasers group offers ultrafast lasers and systems, fiber lasers, diode-pumped solid state Q-switched lasers, diode-pumped solid state continuous wave (CW) and quasi-CW lasers, high energy pulsed Nd:YAG and tunable lasers, and gas lasers. The Optics group provides optical lens assemblies and elements for infrared cameras and infrared radiometric/thermograph systems; optics for infrared, visible, and ultraviolet wavelengths; CO2 laser optics; thin-film filters and coatings; replicated mirrors; ruled and holographic diffraction gratings; and opto-mechanical subassemblies and subsystems. The company offers its products under the ILX Lightwave, New Focus, Newport, Ophir, Optimet, Oriel Instruments, Richardson Gratings, Spiricon, and Spectra-Physics brands. Newport Corporation sells its products and services to original equipment manufacturers, end-user customers, and capital equipment customers through direct sales organizations, a network of independent distributors, and sales representatives, as well as through product catalogs and Websites. Newport Corporation was founded in 1938 and is headquartered in Irvine, California.

2,400 Employees
Last Reported Date: 03/13/14
Founded in 1938

newport corp (NEWP) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $515.1K
Chief Financial Officer, Senior Vice Presiden...
Total Annual Compensation: $367.6K
Senior Vice President and General Manager of ...
Total Annual Compensation: $304.4K
Senior Vice President, General Counsel and Co...
Total Annual Compensation: $303.2K
Senior Vice President and General Manager of ...
Total Annual Compensation: $290.2K
Compensation as of Fiscal Year 2013.

newport corp (NEWP) Key Developments

Newport Corp. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 28, 2014; Provides Sales Guidance for the Third Quarter of 2014 and Earnings Guidance for the Second Half of 2014

Newport Corp. reported unaudited consolidated earnings results for the second quarter and six months ended June 28, 2014. For the quarter, net sales were $153.2 million against $134.2 million last year. Operating income was $13.5 million against $5.6 million last year. Income before income taxes was $12.8 million against $3.6 million last year. Net income attributable to Newport Corporation was $9 million or $0.22 per basic and diluted share against $2.7 million or $0.07 per basic and diluted share last year. Non-GAAP operating income was $20.0 million against $12.8 million last year. Non-GAAP net income attributable to Newport Corporation was $13.6 million or $0.34 per diluted share against $7.8 million or $0.20 per diluted share last year. Cash generated from operations of $24.2 million. In the second quarter of 2014, the company's sales and orders increased 14.2% and 0.9%, respectively, compared with the prior year period. The year-over-year increase in sales was driven by higher levels in all of the company's end markets, particularly the microelectronics end market. For the six months, net sales were $300.1 million against $266.8 million last year. Operating income was $26.0 million against $10.0 million last year. Income before income taxes was $24.4 million against $5.8 million last year. Net income attributable to Newport Corporation was $16.8 million or $0.42 per basic and diluted share against $5.4 million or $0.14 per basic and diluted share last year. Non-GAAP operating income was $37.9 million against $23.9 million last year. Non-GAAP net income attributable to Newport Corporation was $25.2 million or $0.62 per diluted share against $13.9 million or $0.35 per diluted share last year. The company expects third quarter of 2014 sales to be in the range of $148 million to $153 million, reflecting an increase of 7% to 10% compared with the third quarter of 2013. The company anticipates that total sales for the second half of 2014 will be higher than both the first half of 2014 and the second half of 2013. The company also expects to continue to track record of generating strong earnings and cash flows on increased sales levels.

Newport Mulls Acquisitions

Newport Corp. (NasdaqGS:NEWP) is looking for acquisitions. Bob Phillippy, President and Chief Executive Officer of Newport said, "We continue to focus on increasing long-term shareholder value by implementing a revenue and profit growth strategy with both organic growth and growth from acquisitions".

Newport Corp. to Report Q2, 2014 Results on Jul 30, 2014

Newport Corp. announced that they will report Q2, 2014 results at 5:00 PM, Eastern Standard Time on Jul 30, 2014

 

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Industry Analysis

NEWP

Industry Average

Valuation NEWP Industry Range
Price/Earnings 26.9x
Price/Sales 1.2x
Price/Book 2.1x
Price/Cash Flow 26.7x
TEV/Sales 1.0x
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