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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.
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.