Rudolph Technologies Reports 2018 Fourth Quarter and Full Year Results

  • Fourth quarter revenue growth driven by inspection systems increasing 20 percent
  • Full year 2018 produced fourth consecutive record revenue

WILMINGTON, Mass. — (BUSINESS WIRE) — February 4, 2019Rudolph Technologies, Inc. (NYSE: RTEC), a leading provider of semiconductor process control systems, lithography equipment, as well as process control and yield management software for wafer fabs and advanced packaging facilities, today announced financial results for the 2018 fourth quarter and full year.

2018 Fourth Quarter Highlights

  • Revenue of $62.8 million grew 4 percent over both the 2018 third quarter and prior year period against industry headwinds.
  • Orders received for 12 DragonflyG2 systems for advanced packaging inspection and metrology just months after being introduced at SEMICON® Taiwan.
  • Backlog of over $13 million for new NovusEdge™ wafer macro inspection systems after first systems shipped in the fourth quarter.
  • Orders received for $15 million of process control systems from major memory manufacturer transitioning high-end, stacked DRAM products to advanced packaging using copper pillar interconnects.

2018 Year-End Highlights

  • Fourth consecutive record revenue of $273.8 million grew 7 percent over 2017 full year.
  • Gross margin increases year over year to 54 percent on strong software, metrology, and display sales.
  • Software sales grew 14 percent with broadening adoption in automotive and specialty device markets.
 
Key Financial Data for the Quarters Ended December 31, 2018,
September 30, 2018, and December 31, 2017
(in thousands, except per share amounts)
 
US GAAP
  December 2018 September 2018 December 2017
Revenue $ 62,780   $ 60,432   $ 60,081
Gross profit margin 52.0 % 52.0 % 53.5 %
Operating income $ 9,316 $ 7,629 $ 11,391
Net income (loss) $ 8,082 $ 7,187 $ (804 )
Net income (loss) per diluted share $ 0.26 $ 0.22 $ (0.03 )
 
US NON-GAAP
  December 2018   September 2018   December 2017
Revenue $ 62,780 $ 60,432 $ 60,081
Gross profit margin 52.1 % 52.1 % 53.6 %
Operating income $ 10,886 $ 9,304 $ 13,059
Net income $ 9,164 $ 8,504 $ 9,437
Net income per diluted share $ 0.29 $ 0.26 $ 0.29
 

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