SINGAPORE--(BUSINESS WIRE)-- Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC) ("Kulicke & Soffa", "K&S" or the "Company") today announced results for its fourth quarter and fiscal year ended September 28, 2013.

Bruno Guilmart, Kulicke & Soffa's President and Chief Executive Officer, said, "For the most part, the fourth quarter developed as expected, but was a lot more dynamic than we anticipated. Demand has rebounded in our wedge bonder business and remained solid for our ball bonders, especially for our copper solutions. During the quarter, we ramped production through our flexible and efficient manufacturing model, and continued to drive overall profitability and free cash flow generation for the Company."

Fourth Quarter Fiscal 2013 Key Product Trends

• Ball bonder equipment net revenue increased 24.5% over the June quarter.
• 80.2% of ball bonder equipment was sold as copper capable.
• Wedge bonder equipment net revenue increased 95.5% over the June quarter.

Fiscal Year 2013 Financial Highlights

• Net revenue of $534.9 million.
• Gross margin of 46.2%.
• Net income was $59.4 million or $0.78 per share.
• Cash, cash equivalents and investments were $525.0 million as at September 28, 2013.

First Quarter Fiscal 2014 Outlook

The Company expects net revenue in the first fiscal quarter of 2014 ending December 28, 2013 to be approximately $70 million to $80 million.

Looking forward, Bruno Guilmart commented, "Our organization's collective expertise continues to allow K&S to optimize performance in periods of both rapid expansion and contraction. We remain confident as we continue to build on to our market leading positions within both our equipment and expendable tools portfolios. As an example, we released several new core products during the September quarter. Over the next week we plan to ship the first alpha version of our advanced packaging solution to a key strategic customer for evaluation. We are excited about this progress and we will keep the market updated on future developments."

Earnings Conference Call Details

A conference call to discuss these results will be held today, November 7, 2013, beginning at 8:00 am (EST). To access the conference call, interested parties may call +1-877-407-8037 or internationally +1-201-689-8037. The call will also be available by live webcast at investor.kns.com.

A replay will be available from approximately one hour after the completion of the call through November 14, 2013 by calling toll-free +1-877-660-6853 or internationally +1-201-612-7415 and using the replay ID number of 421598. A webcast replay will also be available at investor.kns.com.

About Kulicke & Soffa

Kulicke & Soffa (NASDAQ: KLIC) is a global leader in the design and manufacture of semiconductor and LED assembly equipment. As a pioneer in this industry, K&S has provided customers with market leading packaging solutions for decades. In recent years, K&S has expanded its product offerings through strategic acquisitions, adding wedge bonding and a broader range of expendable tools to its core ball bonding products. Combined with its extensive expertise in process technology, K&S is well positioned to help customers meet the challenges of assembling the next-generation semiconductor and LED devices. (www.kns.com)

Caution Concerning Results and Forward Looking Statements

In addition to historical statements, this press release contains statements relating to future events and our future results. These statements are "forward-looking" statements within the meaning of the Private Securities Litigation Reform Act of 1995, and include, but are not limited to, statements that relate to our future revenue, sustained, increasing, continuing or strengthening demand for our products, the continuing transition from gold to copper wire bonding, replacement demand, our research and development efforts, our ability to identify and realize new growth opportunities and our ability to control costs. While these forward-looking statements represent our judgments and future expectations concerning our business, a number of risks, uncertainties and other important factors could cause actual developments and results to differ materially from our expectations. These factors include, but are not limited to: the risk that customer orders already received may be postponed or canceled, generally without charges; the risk that anticipated customer orders may not materialize; the risk that our suppliers may not be able to meet our demands on a timely basis; the volatility in the demand for semiconductors and our products and services; a slowdown of transition from gold to copper wire bonding by our customers and the industry, volatile global economic conditions, which could result in, among other things, sharply lower demand for products containing semiconductors and for the Company's products, and disruption of capital and credit markets; the risk of failure to successfully manage our operations; acts of terrorism and violence; risks, such as changes in trade regulations, currency fluctuations, political instability and war, which may be associated with a substantial non-U.S. customer and supplier base and substantial non-U.S. manufacturing operations; and the factors listed or discussed in Kulicke and Soffa Industries, Inc. 2012 Annual Report on Form 10-K and our other filings with the Securities and Exchange Commission. Kulicke and Soffa Industries, Inc. is under no obligation to (and expressly disclaims any obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.

Kulicke & Soffa
Joseph Elgindy
Investor Relations & Strategic Planning
P: +1-215-784-7518
F: +1-215-784-6180
jelgindy@kns.com
or
Global IR Partners
David Pasquale
P: +1-914-337-8801
klic@globalirpartners.com