Cohu (NASDAQ: COHU) reported Q4 EPS of $0.24, $0.05 better than the analyst estimate of $0.19. Revenue for the quarter came in at $170.6 million versus the consensus estimate of $173.5 million.

Luis Müller, President and Chief Executive Officer of Cohu, stated, “Cohu delivered growth year-over-year, and annual sales of $451.8 million set a new record. There were numerous design-wins in the fourth quarter, including the capture of three new customers for tri-temperature pick-and-place handlers, the qualification of our turret inspection platform for a new automotive application, and initial orders from multiple customers for xWave contactors for testing 5G antenna modules, power amplifiers, transceivers and automotive radar.”

Müller continued, “We have accelerated the integration of Xcerra, announced plans to consolidate facilities and end manufacturing of certain test handlers, and expect to deliver the initial $20 million annual run-rate cost synergies within the first-year post-acquisition and achieve our goal of $40 million within three to five years.”

For earnings history and earnings-related data on Cohu (COHU) click here.