Veeco is a global leader in Process Equipment technology. We are the market leader in MOCVD, MBE, Ion Beam, Wet Etch single wafer processing and other advanced thin film process technologies. Veeco’s process equipment solutions enable the manufacture of: • LEDs • Flexible OLED Displays • Power Electronics • Compound Semiconductors • Hard Drives • Semiconductors • MEMS and Wireless chips Our high performance systems drive innovation in energy efficiency, consumer electronics and network storage and allow our customers to maximize productivity and achieve lower cost of ownership. Veeco serves our world-class global customer base through our dedicated sales and service organization strategically located throughout Asia, Europe, and North America.
Type
Public
HQ
Plainview, US
Founded
1945
Size (employees)
716 (est)-8%
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
Horsham, US
185 Gibraltar Rd
Franklin Township, US
394 Elizabeth Ave
Franklin Township, US
145 Belmont Dr
Saint Paul, US
4875 Constellation Dr
Arlington, US
41 Page Park Dr
Fremont, US
3191 Laurelview Ct

Veeco Data and Metrics

Veeco Financial Metrics

Veeco's revenue was reported to be $332.5 m in FY, 2016 which is a 30% decrease from the previous period.
USD

Revenue (FY, 2016)

332.5 m

Revenue growth (FY, 2015 - FY, 2016), %

(30%)

Gross profit (FY, 2016)

132.9 m

Gross profit margin (FY, 2016), %

40%

Net income (FY, 2016)

(122.2 m)

EBIT (FY, 2016)

(120.4 m)

Market capitalization (28-Jun-2017)

1.2 b

Closing share price (28-Jun-2017)

28.2

Cash (31-Dec-2016)

277.4 m

EV

883.8 m
Veeco's current market capitalization is $1.2 b.
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%

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)
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

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
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)
Y, 2016

EV/EBIT

-7.3 x

EV/CFO

-37.1 x

EV/FCF

-25 x

Financial Leverage

1.3 x

Veeco Operating Metrics

FY, 2016

Patents Issued

300

    Veeco Market Value History

    Veeco Revenue Breakdown

    Veeco Online and Social Media Presence

    Veeco Company Life and Culture

    You may also be interested in