Xcerra Reports Q3 Sales of Over $115 Million

Reading time ( words)

Xcerra Corporation has announced financial results for its third fiscal quarter ended April 30, 2018.

Net sales for the quarter were $115,717,000, compared to the prior quarter's net sales of $110,276,000. GAAP net income attributable to Xcerra for the quarter was $11,754,000, or $0.21 per diluted share. Excluding restructuring and related provision charges of $452,000, amortization of purchased intangible assets of $128,000, and transaction related expenses of $778,000, non-GAAP net income attributable to Xcerra for the quarter was $13,112,000, or $0.24 per diluted share.

As a result of the pending acquisition of the company by Cohu, Inc., the company will not hold a quarterly conference call and webcast, and will not provide an outlook for its future financial results.

About Xcerra

Xcerra is comprised of two reporting segments; Semiconductor Test Solutions (STS) and electronics manufacturing solutions (EMS). The STS segment supplies semiconductor testers, test handlers, device contactors and associated services. The EMS segment offers products and services for PCB and PCBA test as well as innovative and highly reliable interconnect components for electronic manufacturing. The combination of these businesses creates a company with a broad spectrum of semiconductor and PCB test expertise that drive innovative new products and services, and the ability to deliver to customers fully integrated semiconductor test cell solutions. The company’s products and services address the broad and divergent requirements of the mobility, automotive, industrial and consumer end markets, offering a comprehensive portfolio of solutions and technologies, and a global network of strategically deployed applications and support resources. Additional information can be found here.

04/24/2023 | David Sharp, CalcuQuote

Editor’s note: CalcuQuote CEO Chintan Sutaria used his presentation at the EMS Leadership Summit to share market insights that could be concluded from usage data within the CalcuQuote environment. This article, authored by David Sharp, vice president of products, summarizes and updates the information shared at the summit.

11/07/2022 | Michael Ford, Aegis Software Corp.

Inventory management should be simple; after all, it is how many of us learned to count. ERP solutions have become complex yet cannot solve our immediate supply-chain and manufacturing challenges unaided. It’s time to unfold the root-causes behind key issues and reveal the secrets for success in modern inventory management which have a significant impact on any manufacturing business.

08/25/2022 | I-Connect007 Editorial Team

Thanks to marketing and advances in technology, we have all come to expect that the electronic products we buy will be closely aligned to our individual and specific lifestyle or business requirements. This expected variability, in personal function and style, as well as regulatory compliance and a changing global economic landscape, has made designing and producing new products a challenging prospect. And, on top of the resulting “high-mix, low-volume” production cycles, increasingly more products contain electronic components in varying levels that heighten the complexity of design and manufacturing.