Veeco Instruments Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 14, 2024 at 04:05 pm EST
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Veeco Instruments Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 173.92 million compared to USD 153.8 million a year ago. Net income was USD 21.64 million compared to USD 128.92 million a year ago. Basic earnings per share from continuing operations was USD 0.39 compared to USD 2.58 a year ago. Diluted earnings per share from continuing operations was USD 0.37 compared to USD 2 a year ago.
For the full year, sales was USD 666.44 million compared to USD 646.14 million a year ago. Net loss was USD 30.37 million compared to net income of USD 166.94 million a year ago. Basic loss per share from continuing operations was USD 0.56 compared to basic earnings per share from continuing operations of USD 3.35 a year ago. Diluted loss per share from continuing operations was USD 0.56 compared to diluted earnings per share from continuing operations of USD 2.71 a year ago.
Veeco Instruments Inc. is a manufacturer of semiconductor process equipment. The Company's laser annealing, ion beam, chemical vapor deposition (CVD), metal organic chemical vapor deposition (MOCVD), single wafer etch and clean and lithography technologies play an integral role in the fabrication and packaging of advanced semiconductor devices. The Company's system products include Laser Annealing Systems, Ion Beam Systems and Etch Systems, Advanced Packaging Lithography, Single Wafer Wet Processing, Metal Organic Chemical Vapor Deposition Systems, Molecular Beam Epitaxy Systems, Atomic Layer Deposition Systems, and Other Systems. Its other deposition systems include Physical Vapor Deposition, Diamond-Like Carbon Deposition, and Chemical Vapor Deposition Systems. Its process equipment systems are used in the production of a range of microelectronic components, including logic, dynamic random-access memory (DRAM), photonics devices, power electronics, and other semiconductor devices.
VEECO INSTRUMENTS INC. 
