Veeco Instruments, Inc. process equipment solutions enable the manufacture of LEDs, power electronics, hard drives, MEMS and wireless chips. The Company creates process equipment that enables technologies for a cleaner and more productive world. Veeco designs, develops, manufactures, markets, and supports thin film equipment to meet the demands of key global trends such as improving energy efficiency, enhancing mobility, and increasing connectivity. The Company's equipment is used to make electronic devices which enable these trends, including light emitting diodes, micro-electromechanical systems, wireless devices, power electronics, hard disk drives, and semiconductor devices.

Type
Public
HQ
Plainview, US
Founded
1945
Size (employees)
716 (est)
Website
veeco.com
Veeco was founded in 1945 and is headquartered in Plainview, US
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Veeco Office Locations

Veeco has offices in Singapore, Bayan Lepas, Plainview, Fremont and in 8 other locations
Plainview, US (HQ)
1 Terminal Dr
Arlington, US
41 Page Park Dr
Franklin Township, US
145 Belmont Dr
Franklin Township, US
394 Elizabeth Ave
Fremont, US
3191 Laurelview Ct
Horsham, US
185 Gibraltar Rd
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Veeco Financials and Metrics

Veeco Revenue

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Veeco's revenue was reported to be $484.76 m in FY, 2017
USD

Revenue (Q1, 2018)

158.6 m

Gross profit (Q1, 2018)

56.7 m

Gross profit margin (Q1, 2018), %

35.7%

Net income (Q1, 2018)

(15.8 m)

EBIT (Q1, 2018)

(11.4 m)

Market capitalization (11-Jul-2018)

747.4 m

Closing share price (11-Jul-2018)

15.4

Cash (31-Mar-2018)

245.5 m

EV

780.4 m
Veeco's current market capitalization is $747.4 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

331.7 m392.9 m477 m332.5 m484.8 m

Revenue growth, %

(36%)18%21%(30%)

Cost of goods sold

228.6 m258 m299.8 m199.6 m300.4 m

Gross profit

103.1 m134.9 m177.2 m132.9 m184.3 m
Quarterly
USDQ3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Revenue

132.7 m61.8 m97.4 m99.3 m90.8 m95.1 m93.3 m98.3 m131.4 m140.7 m78 m75.3 m85.5 m94.4 m115.1 m131.9 m158.6 m

Cost of goods sold

82.8 m39.2 m62.8 m69 m57.1 m64.4 m60.8 m63.2 m82.3 m86.5 m46.1 m43.9 m52 m60.2 m76.3 m78.8 m101.9 m

Gross profit

49.9 m22.6 m34.6 m30.3 m33.8 m30.7 m32.6 m35.1 m49.1 m54.3 m32 m31.4 m33.5 m34.2 m38.7 m53.1 m56.7 m

Gross profit Margin, %

38%37%36%31%37%32%35%36%37%39%41%42%39%36%34%40%36%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

210.8 m270.8 m269.2 m277.4 m279.7 m

Accounts Receivable

23.8 m60.1 m49.5 m58 m98.9 m

Inventories

59.7 m61.5 m77.5 m77.1 m120.3 m

Current Assets

613.6 m555.7 m542.1 m501.5 m597 m
Quarterly
USDQ3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Cash

387 m223.1 m241.5 m247.7 m214.7 m232.3 m264 m303.1 m313.9 m334.1 m243.7 m257.6 m274 m423.7 m205.6 m235.3 m245.5 m

Accounts Receivable

60.3 m42.9 m44.7 m37.8 m50.7 m58.3 m61.6 m64.3 m83.1 m46.8 m56.1 m41.7 m50.5 m51.4 m108.3 m113.8 m108.2 m

Inventories

74.4 m67.7 m64.1 m57.6 m52.1 m48.4 m46.6 m57.2 m63.6 m70 m77.2 m90.8 m86.7 m64.7 m119.9 m113.7 m131 m

Current Assets

758.2 m742.3 m744 m715.8 m625.2 m633.6 m658 m574.7 m605.8 m563.5 m517.5 m497.4 m508.4 m822.4 m560.3 m602.6 m583.4 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(42.3 m)(66.9 m)(32 m)(122.2 m)(44.8 m)

Depreciation and Amortization

18.4 m24.6 m27.6 m19.2 m50.1 m

Inventories

2.8 m(2.2 m)(39 k)6.7 m

Accounts Payable

7.5 m(5.5 m)9.5 m(24.2 m)12.2 m
Quarterly
USDQ3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Net Income

11.8 m(10.1 m)(4.1 m)(6 m)19.2 m3.9 m(14 m)(19.1 m)(27.5 m)(22.2 m)(15.5 m)(47.6 m)(117.2 m)1.1 m(17.3 m)(21.9 m)(15.8 m)

Depreciation and Amortization

11.6 m10.7 m21.7 m30.8 m8.6 m17.3 m26 m5.8 m15.6 m17.7 m

Inventories

12.1 m113.7 m

Accounts Payable

(8 m)11.2 m19 m368 k(2.2 m)(9.2 m)(14 m)642 k(7.1 m)53.7 m2 m
USDY, 2018

EV/EBIT

-68.2 x

EV/CFO

-66.1 x

EV/FCF

-55.5 x

Financial Leverage

1.6 x
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Veeco Operating Metrics

FY, 2014FY, 2015FY, 2016

Countries

10 10

Facilities

16 14 12

Manufacturing Facilities

7 7 5

Patents Issued

300 300 300
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Veeco Revenue Breakdown

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Veeco revenue breakdown by business segment: 15.9% from Data Storage, 22.5% from Scientific & Industrial, 20.5% from Advanced Packaging, MEMS & RF and 41.0% from Lighting, Display & Power Electronics

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Veeco Online and Social Media Presence

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Veeco News and Updates

LED Production Equipment Market Segmentation by Application and key players – Veeco Instruments, Jusung Engineering, Taiyo Nippon Sanso

A new research study from HTF MI with title North America LED Production Equipment Market by Manufacturers, Countries, Type and Application, Forecast to 2022 provides an in-depth assessment of the LED Production Equipment including key market trends, upcoming technologies, industry drivers, challeng…

Ion Beam Technology Market: Coating of Dielectric Film to Remain Leading Application- TMR's Survey

Ion Beam Technology Market will exhibit a promising CAGR of 7.2% from 2017 to 2025, rising from a valuation of US$367.0 mn in 2016 to US$679.1 mn by 2025. Rising uptake of ion beam technology by a number of integrated circuits manufacturers in an effective lithography process to set the tone for a s…
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Veeco Company Life and Culture

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