Orbotech Reports First Quarter 2015 Results

 

 

ORBOTECH LTD.

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

U.S. dollars in thousands   (except per share data)

 (Unaudited)










3   m o n t h s   e n d e d 


12 months ended



  March   3 1


  December 31



2015


2014


2014









Revenues 

$184,784


$104,793


$582,746


Cost of revenues

101,707


59,136


329,553


Gross profit

83,077


45,657


253,193









Operating expenses: 







Research and development, net

25,779


18,461


88,651


Selling, general and administrative

28,973


19,592


96,169


Equity in earnings of Frontline

(871)


(1,504)


(5,769)


Amortization of intangible assets

8,918


1,010


19,235


SPTS acquisition costs





6,761


Total operating expenses

62,799


37,559


205,047









Operating income

20,278


8,098


48,146


Financial expenses - net

6,471


327


9,046









Income before taxes on income

13,807


7,771


39,100


Taxes on income

1,752


1,350


3,419


Share in losses of equity method investee

100


69


417









Net income

11,955


6,352


35,264


Net income (loss) attributable to 







the non-controlling interests

153


65


(116)









Net income attributable to Orbotech Ltd. 

$11,802


$6,287


$35,380
















Basic earnings per share

$0.28


$0.15


$0.85









Diluted earnings per share

$0.28


$0.15


$0.83
















Weighted average number of shares (in thousands)







used in computation of:







Basic earnings per share

41,961


41,842


41,703


Diluted earnings per share

42,860


42,835


42,757










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