{"id":520321,"date":"2021-07-29T16:11:45","date_gmt":"2021-07-29T20:11:45","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/kla-corporation-reports-fiscal-2021-fourth-quarter-and-full-year-results-raises-dividend-level-by-17-and-announces-additional-2-billion-share-repurchase-authorization\/"},"modified":"2021-07-29T16:11:45","modified_gmt":"2021-07-29T20:11:45","slug":"kla-corporation-reports-fiscal-2021-fourth-quarter-and-full-year-results-raises-dividend-level-by-17-and-announces-additional-2-billion-share-repurchase-authorization","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/kla-corporation-reports-fiscal-2021-fourth-quarter-and-full-year-results-raises-dividend-level-by-17-and-announces-additional-2-billion-share-repurchase-authorization\/","title":{"rendered":"KLA Corporation Reports Fiscal 2021 Fourth Quarter And Full Year Results, Raises Dividend Level By 17% And Announces Additional $2 Billion Share Repurchase Authorization"},"content":{"rendered":"
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– Total revenues were $1.93 billion, GAAP diluted EPS attributable to KLA was $4.10 and non-GAAP diluted EPS attributable to KLA was $4.43, each finishing above the mid-point of guidance ranges;<\/h2>\n

– Cash flow from operations for the quarter and fiscal year was $465.6 million and $2.19 billion and free cash flow was $410.2 million and $1.95 billion, respectively;<\/h2>\n

– Capital return for the quarter and fiscal year was $439.1 million and $1.50 billion, respectively;<\/h2>\n

– KLA’s Board of Directors approved a 17% increase in the quarterly dividend level to $1.05 per share and approved $2 billion for additional share repurchases.<\/h2>\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n MILPITAS, Calif.<\/span>, July 29, 2021<\/span> \/PRNewswire\/ — KLA Corporation<\/a><\/u> (NASDAQ: KLAC) today announced operating results for its fourth quarter and fiscal year ended June\u00a030, 2021. KLA reported GAAP net income attributable to KLA of $633 million<\/span> and GAAP diluted EPS attributable to KLA of $4.10<\/span> on revenues of $1.93 billion<\/span> for the fourth quarter of fiscal year 2021. For the fiscal year ended June\u00a030, 2021, KLA reported GAAP net income attributable to KLA of $2.08 billion<\/span> and GAAP diluted EPS attributable to KLA of $13.37<\/span> on revenues of $6.92 billion<\/span>.<\/p>\n

Logo – https:\/\/mma.prnewswire.com\/media\/806571\/KLA_Corporation_Logo.jpg<\/a><\/p>\n

“Thanks to the commitment of our global team, KLA delivered strong results in the June 2021<\/span> quarter, with revenue and GAAP and non-GAAP EPS each finishing above the mid-point of our guidance ranges. This continued performance demonstrates strong customer demand, exceptional execution, and focus driven by the KLA Operating Model,” commented Rick Wallace<\/span>, president and CEO of KLA Corporation. “We are also pleased to announce today that the Board of Directors approved the twelfth consecutive dividend level increase which has grown at a compound annual growth rate of 16% since inception. The Board has also authorized a new $2 billion<\/span> share repurchase program. KLA’s dividend and share repurchase programs are integral to KLA’s disciplined approach to capital management and reflect the company’s continued strength in free cash flow generation.”<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n
\n

\n
\n GAAP Results<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n
\n Q4 FY 2021<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n Q3 FY 2021<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n Q4 FY 2020<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Total Revenue<\/span>\n <\/p>\n<\/td>\n

\n

\n $1,925 million<\/span>\n <\/p>\n<\/td>\n

\n

\n $1,804 million<\/span>\n <\/p>\n<\/td>\n

\n

\n $1,460 million<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Net Income Attributable to KLA <\/span>\n <\/p>\n<\/td>\n

\n

\n $633 million<\/span>\n <\/p>\n<\/td>\n

\n

\n $567 million<\/span>\n <\/p>\n<\/td>\n

\n

\n $411 million<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Net Income per Diluted Share Attributable to KLA <\/span>\n <\/p>\n<\/td>\n

\n

\n $4.10<\/span>\n <\/p>\n<\/td>\n

\n

\n $3.66<\/span>\n <\/p>\n<\/td>\n

\n

\n $2.63<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n Non-GAAP Results<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n
\n Q4 FY 2021<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n Q3 FY 2021<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n Q4 FY 2020<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Net Income Attributable to KLA <\/span>\n <\/p>\n<\/td>\n

\n

\n $684 million<\/span>\n <\/p>\n<\/td>\n

\n

\n $598 million<\/span>\n <\/p>\n<\/td>\n

\n

\n $426 million<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Net Income per Diluted Share Attributable to KLA <\/span>\n <\/p>\n<\/td>\n

\n

\n $4.43<\/span>\n <\/p>\n<\/td>\n

\n

\n $3.85<\/span>\n <\/p>\n<\/td>\n

\n

\n $2.73<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

A reconciliation between GAAP operating results and non-GAAP operating results is provided following the financial statements included in this release. KLA will discuss the results for its fiscal year 2021 fourth quarter and full year, along with its outlook, on a conference call today beginning at 2:00 p.m. Pacific Time<\/span>. A webcast of the call will be available at: www.kla.com<\/a><\/u><\/i>. <\/p>\n

\n First Quarter Fiscal 2022 Guidance <\/b>\n <\/p>\n

The following details our guidance for the first quarter of fiscal 2022 ending in September: <\/p>\n