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VEECO INSTRUMENTS INC (VECO)

Income Statement Business | Product | Geographic

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsJun-30-23Mar-31-23Dec-31-22Sep-30-22Jun-30-22Mar-31-22Dec-31-21Sep-30-21
   10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q
Revenues:  
    Rest of World  0.10.10.10.21.00.20.10.1
    United States  35.731.038.353.757.947.556.348.8
    China  50.060.728.636.228.530.437.927.3
    EMEA  17.522.921.617.627.221.419.013.6
    Other  58.338.765.264.349.356.939.760.6
Total revenues   [+]161.6153.5153.8171.9164.0156.4153.0150.2
            Revenue growth   [+]-1.4%-1.9%0.5%14.4%12.1%17.0%10.1%34.1%
Cost of goods sold  94.191.590.9102.099.790.488.987.1
Gross profit  67.562.062.970.064.366.064.063.2
            Gross margin  41.8%40.4%40.9%40.7%39.2%42.2%41.9%42.0%
Selling, general and administrative   [+]23.822.621.022.123.022.921.221.6
Research and development  27.427.626.327.126.024.122.322.0
Other operating expenses  0.5-0.1-0.30.60.00.0-0.10.2
EBITDA   [+]19.816.119.931.719.322.824.022.9
            EBITDA margin  12.3%10.5%13.0%18.4%11.8%14.5%15.7%15.2%
Depreciation and amortization  4.04.24.06.64.03.73.43.5
EBITA  15.811.915.925.115.319.020.619.4
            EBITA margin  9.8%7.8%10.3%14.6%9.3%12.2%13.5%12.9%
Amortization of intangibles  2.12.12.57.52.52.53.03.0
EBIT   [+]13.79.813.417.612.816.517.616.4
            EBIT margin  8.5%6.4%8.7%10.2%7.8%10.6%11.5%10.9%
Interest expense, net   [+]0.60.81.62.32.62.85.87.0
Other income (expense), net   [+]-97.1     -5.0 
Pre-tax income  -84.09.011.815.210.213.76.89.4
Income taxes  1.30.3-117.10.20.50.4-1.40.4
            Tax rate   2.9% 1.4%5.2%2.8% 4.4%
Net income  -85.38.7128.915.09.713.38.29.0
            Net margin  -52.8%5.7%83.8%8.7%5.9%8.5%5.4%6.0%
   
Basic EPS   [+]($1.61)$0.17$2.58$0.30$0.19$0.27$0.17$0.18
Diluted EPS   [+]($1.61)$0.15$1.96$0.23$0.16$0.20$0.15$0.17
   
Shares outstanding (basic)   [+]52.950.649.949.949.749.649.149.0
Shares outstanding (diluted)   [+]52.959.965.665.259.565.353.653.8
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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