ProfileJobs

Veeco

Manufacturing & IndustrialTechnologyelectronicsmanufacturing equipmentsemiconductors

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.

Revenue(Q1, 2017)
$94.4 M
Market capitalization(2017-08-15)
$831.8 M
Backlog(FY, 2016)
$209.2 M
Company Growth (employees)
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

Veeco Office Locations

Veeco has offices in Plainview, Fremont, Arlington, Saint Paul and in 8 other locations
Plainview, US (HQ)
1 Terminal Dr
Shanghai, CN
Jin Hai Shang Ye Guang Chang
Bayan Lepas, MY
Lintang Mayang Pasir 3
Cambridgeshire, GB
Silvaco Technology Centre Office 1/2 Compass Point St Ives
Mannheim, DE
13 Dynamostraße
Minneapolis, US
225 4570 W 77th St
Show all (13)

Veeco Data and Metrics

Veeco Financial Metrics

Veeco's revenue was reported to be $94.4 m in Q1, 2017
USD

Revenue (Q1, 2017)

94.4 m

Gross profit (Q1, 2017)

34.2 m

Gross profit margin (Q1, 2017), %

36%

Net income (Q1, 2017)

1.1 m

EBIT (Q1, 2017)

(5.8 m)

Market capitalization (15-Aug-2017)

831.8 m

Cash (31-Mar-2017)

423.7 m
Veeco's current market capitalization is $831.8 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

331.7 m392.9 m477 m332.5 m

Revenue growth, %

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

Cost of goods sold

228.6 m258 m299.8 m199.6 m

Gross profit

103.1 m134.9 m177.2 m132.9 m

Gross profit Margin, %

31%34%37%40%

R&D expense

81 m

Operating expense total

175.1 m214.1 m200.5 m253.3 m

EBIT

(71.8 m)(79.2 m)(23.2 m)(120.4 m)

EBIT margin, %

(22%)(20%)(5%)(36%)

Interest expense

598 k715 k464 k222 k

Interest income

602 k1.6 m1.1 m1.2 m

Pre tax profit

(71.2 m)(78.4 m)(22.6 m)(119.4 m)

Income tax expense

(28.9 m)(11.4 m)9.3 m2.8 m

Net Income

(42.3 m)(66.9 m)(32 m)(122.2 m)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

95.1 m93.3 m98.3 m131.4 m140.7 m78 m75.3 m85.5 m94.4 m

Cost of goods sold

64.4 m60.8 m63.2 m82.3 m86.5 m46.1 m43.9 m52 m60.2 m

Gross profit

30.7 m32.6 m35.1 m49.1 m54.3 m32 m31.4 m33.5 m34.2 m

Gross profit Margin, %

32%35%36%37%39%41%42%39%36%

R&D expense

21 m20 m18.6 m20.1 m19.2 m22.1 m21.5 m19.9 m15 m

General and administrative expense

21.9 m21.7 m

Operating expense total

42.9 m41.7 m18.6 m20.1 m19.2 m22.1 m21.5 m19.9 m15 m

EBIT

(15.8 m)(17.5 m)(15.8 m)(4 m)6.6 m(15.3 m)(31.3 m)(68.7 m)(5.8 m)

EBIT margin, %

(17%)(19%)(16%)(3%)5%(20%)(41%)(80%)(6%)

Interest expense

72 k305 k(126 k)(124 k)(95 k)(38 k)(105 k)(23 k)(4.1 m)

Interest income

72 k305 k287 k243 k256 k306 k290 k283 k793 k

Pre tax profit

(15.7 m)(17.2 m)(15.7 m)(3.9 m)6.7 m(15 m)(31.1 m)(68.5 m)(9.2 m)

Income tax expense

(488 k)(3.2 m)3.4 m4.5 m1.4 m528 k1 m1.1 m(10.3 m)

Net Income

3.9 m(14 m)(19.1 m)(27.5 m)(22.2 m)(15.5 m)(47.6 m)(117.2 m)1.1 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

210.8 m270.8 m269.2 m277.4 m

Accounts Receivable

23.8 m60.1 m49.5 m58 m

Inventories

59.7 m61.5 m77.5 m77.1 m

Current Assets

613.6 m555.7 m542.1 m501.5 m

PP&E

89.1 m78.8 m79.6 m60.6 m

Goodwill

91.3 m115 m114.9 m114.9 m

Total Assets

948 m929.5 m890.8 m758.5 m

Accounts Payable

35.8 m18.1 m30.1 m22.6 m

Total Debt

2.1 m1.8 m1.5 m1.2 m

Current Liabilities

128.2 m168.4 m162.2 m143.5 m

Total Liabilities

163.9 m

Additional Paid-in Capital

721.4 m750.1 m767.1 m763.3 m

Retained Earnings

53.9 m(13.1 m)(45.1 m)(168.6 m)

Total Equity

780.2 m738.9 m714.6 m594.6 m

Debt to Equity Ratio

0 x0 x0 x0 x

Debt to Assets Ratio

0 x0 x0 x0 x

Financial Leverage

1.2 x1.3 x1.2 x1.3 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

232.3 m264 m303.1 m313.9 m334.1 m243.7 m257.6 m274 m423.7 m

Accounts Receivable

58.3 m61.6 m64.3 m83.1 m46.8 m56.1 m41.7 m50.5 m51.4 m

Inventories

48.4 m46.6 m57.2 m63.6 m70 m77.2 m90.8 m86.7 m64.7 m

Current Assets

633.6 m658 m574.7 m605.8 m563.5 m517.5 m497.4 m508.4 m822.4 m

PP&E

80.3 m80 m80.5 m80.2 m63 m57.6 m63.7 m

Goodwill

91.5 m91.5 m115 m115.3 m114.9 m114.9 m114.9 m114.9 m114.9 m

Total Assets

957.1 m956.4 m942.1 m965.9 m918.7 m861.8 m819.2 m765.1 m1.1 b

Accounts Payable

27.8 m26.1 m41.1 m46.2 m25.1 m30.6 m34.9 m27.5 m30.7 m

Current Liabilities

128 m139.4 m196.1 m222.3 m164.1 m157.1 m136.8 m147.8 m132.8 m

Additional Paid-in Capital

738.4 m743.2 m754.1 m759 m763.4 m772 m759.6 m762 m831.8 m

Retained Earnings

57.8 m43.8 m(32.2 m)(40.6 m)(35.3 m)(61.9 m)(94 m)(163.6 m)(167.5 m)

Total Equity

801.4 m792.1 m723.8 m720.3 m729.9 m690.5 m662.2 m596.7 m665 m

Financial Leverage

1.2 x1.2 x1.3 x1.3 x1.3 x1.2 x1.2 x1.3 x1.6 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

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

Depreciation and Amortization

18.4 m24.6 m27.6 m19.2 m

Accounts Receivable

38.8 m(25 m)10.7 m(8.7 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)

Cash From Operating Activities

727 k42.1 m15.8 m(23.8 m)

Capital Expenditures

(9.2 m)(15.6 m)(13.9 m)(11.5 m)

Cash From Investing Activities

(168.1 m)8.1 m(7.1 m)46.7 m

Long-term Borrowings

(269 k)(290 k)(314 k)(340 k)

Cash From Financing Activities

(5.8 m)9.7 m(10.2 m)(14.6 m)

Interest Paid

357 k159 k485 k225 k

Income Taxes Paid

8 m3.3 m7.1 m1.7 m

Free Cash Flow

(8.4 m)26.5 m1.9 m(35.3 m)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

3.9 m(14 m)(19.1 m)(27.5 m)(22.2 m)(15.5 m)(47.6 m)(117.2 m)1.1 m

Depreciation and Amortization

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

Accounts Receivable

(32.7 m)(4.2 m)(22.7 m)13.5 m(7 m)7.6 m(1.2 m)6.5 m

Inventories

12.1 m

Accounts Payable

(8 m)11.2 m19 m368 k(2.2 m)(9.2 m)(14 m)642 k

Cash From Operating Activities

(16.8 m)4.3 m12 m21.9 m(18.8 m)(31.1 m)(24.3 m)6.3 m

Capital Expenditures

(4.5 m)(4.8 m)(7.5 m)(11.1 m)(4 m)(9.2 m)(10.7 m)(4.2 m)

Cash From Investing Activities

31 m28.1 m31.3 m42.6 m6.7 m33.2 m42.7 m(195.9 m)

Long-term Borrowings

(141 k)(76 k)(153 k)(233 k)(82 k)(166 k)(252 k)

Cash From Financing Activities

7.1 m(83 k)(176 k)(1 m)(13.5 m)(13.7 m)(13.6 m)335.8 m

Interest Paid

36 k71 k104 k39 k103 k179 k31 k

Income Taxes Paid

544 k2.6 m6 m966 k1.3 m1.5 m672 k

Free Cash Flow

(21.3 m)(493 k)4.4 m10.8 m(22.8 m)(40.3 m)(35 m)2.1 m
USDY, 2017

Revenue/Employee

131.8 k

Financial Leverage

1.6 x

Veeco Operating Metrics

Veeco's Backlog was reported to be $209.2 m in FY, 2016, which is a 12% increase from the previous period
FY, 2014FY, 2015FY, 2016

Facilities

161412

Patents Issued

300300300

Backlog

$286.7 m$186 m$209.2 m

Manufacturing Facilities

775

Countries

1010

    Veeco Market Value History

    Veeco Revenue Breakdown

    Market Position of Veeco

    Competitors

    National Instruments
    Technology - Public
    Entegris
    Technology - Public
    Intevac
    Technology - Public
    Kulicke & Soffa
    Technology - Public
    Compare competitors

    Traffic Overview of Veeco

    Veeco Online and Social Media Presence

    Veeco Company Life and Culture

    You may also be interested in