Rudolph Technologies (RTEC) Tops Q4 EPS by 7c
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Rudolph Technologies (NYSE: RTEC) reported Q4 EPS of $0.13, $0.07 better than the analyst estimate of $0.06. Revenue for the quarter came in at $49.6 million versus the consensus estimate of $45.1 million.
Paul McLaughlin, Chairman and Chief Executive Officer, commented, “As demonstrated by our 2014 results, we have further strengthened our position as a total value-added solutions provider, combining product, services and software to solve customer problems. The fourth quarter marked a strong finish to the year, as revenue increased each quarter despite a volatile year. Like revenue, earnings per share also significantly exceeded guidance in the fourth quarter. Importantly, 2014 evidenced the financial benefits of our transformation strategy, resulting in sustainable cash flows from operations for the year, despite varying market cycles.”
Mr. McLaughlin added, “Looking ahead, we anticipate sector growth to be driven primarily by data integration and advanced packaging. While still in the early stages, advanced packaging is a critical enabler of mobile connectivity and an important growth driver for Rudolph. We are also gaining traction in lithography, and we see this as a growing part of our future. Our Lithography Systems Group ended its second full year with 2014 revenues increasing over the previous year, and this morning, we announced the shipment of a JetStep® Advanced Packaging Lithography System to a new Outsourced Assembly & Test (OSAT) customer for fan-out advanced packaging applications. In addition, in the first quarter, we also plan to ship an evaluation JetStep System to a third OSAT customer for next generation copper pillar and Through-Silicon Via applications. The 3D Packaging market is fast-growing, and as the next generation of IC packaging and substrate assembly advances, we will help our customers meet the challenges of newly-developed processes now emerging in back-end manufacturing.”
Mr. McLaughlin concluded, “We remain confident that our strategy to diversify our offerings, customers, and end-markets will allow us to continue to uniquely manage cyclicality, maintain a strong balance sheet, and return capital to shareholders. By investing in both front and back-end solutions, Rudolph is well positioned to drive long-term growth and shareholder returns as our markets experience both cyclical and secular growth.”
For earnings history and earnings-related data on Rudolph Technologies (RTEC) click here.
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