KLA-Tencor Corp KLAC
Q2 2013 Earnings Call Transcript

Transcript Call Date 01/24/2013

Operator: Good afternoon. My name is Candis, and I will be your conference operator today. At this time, I would like to welcome everyone to the Second Quarter Fiscal Year 2013 Conference Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session.

I would now like to turn the call over to Ed Lockwood with KLA-Tencor, Investor Relations. Please being your call.

Ed Lockwood - Senior Director, IR: Thank you, Candis. Good afternoon, everyone, and welcome to our conference call. Joining me on our call today are Rick Wallace, our President and Chief Executive Officer; and Mark Dentinger, our Chief Financial Officer.

We're here to discuss second quarter results for the period ended December 31, 2012. We released these results this afternoon at 1.15 PM Pacific Daylight Time. If you haven't seen the release, you can find it on our website at, or call 408-875-3600 to request a copy.

A simulcast of this call will be accessible on demand following its completion on the Investor Relations section of our website. There you'll also find a calendar of future investor events, presentations and conferences, as well as links to KLA-Tencor's SEC filings, including our Annual Report on Form 10-K for the year ended June 30, 2012 and our subsequently filed 10-Q reports. In those filings, you'll find descriptions of risk factors that could impact our future results.

As you know, our future results are subject to risks. Any forward-looking statements, including those we make on this call today, are subject to those risks and KLA-Tencor cannot guarantee those forward-looking statements will come true. Our actual results may differ significantly from those projected in our forward-looking results.

More information regarding factors that could cause those differences is contained in the filings we make with the SEC from time-to-time, including our fiscal year 2012 Form 10-K and our current reports on Form 8-K. We assume no obligation and do not intend to update those forward-looking statements. However, any updates we do provide will be broadly disseminated and available over the web.

With that, I'll turn the call over to Rick.

Rick Wallace - President and CEO: Thanks, Ed. Thank you all for joining us on our call today. We're pleased with the Company's performance in the December quarter with the bookings revenue and EPS results for Q2 coming in at the upper end or above the range of guidance and marking 2012 as another year of market leadership, differentiated financial performance, and high stockholder returns for KLA-Tencor.

New orders in the December quarter were $760 million, an increase of 50% compared with the September quarter with strong foundry and logic demand. Second quarter revenue was $673 million and non-GAAP EPS was $0.63 per share. For calendar year 2012, KLA-Tencor delivered revenue of $3.1 billion and non-GAAP earnings per share of $4.23.

In calendar 2012, we also returned $521 million to stockholders in the form of stock repurchases or dividends. Our dividend payments of $250 million in calendar year 2012 reflect the July 2012 increase in the level of our quarterly dividend to $0.40 per share.

Read our Earnings Call Transcript disclaimer.
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