Every material Form 8-K Veeco Instruments filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Veeco reported third quarter 2024 revenue of $184.8 million, up from $177.4 million a year earlier, while GAAP net income fell to $22.0 million from $24.6 million. The company also updated its full-year 2024 outlook, narrowing its revenue range to $700 million to $720 million and its non-GAAP EPS range to $1.68 to $1.78, which matters to shareholders because profit declined even as sales grew.
Q3 2024 revenue was $184.8 million versus $177.4 million in Q3 2023.
GAAP diluted EPS was $0.36 versus $0.42; non-GAAP diluted EPS was $0.46 versus $0.53.
Q4 2024 guidance: revenue of $165 million to $185 million and non-GAAP diluted EPS of $0.35 to $0.45.
Updated FY 2024 outlook: revenue of $700 million to $720 million, down from $690 million to $730 million; non-GAAP EPS of $1.68 to $1.78, down from $1.65 to $1.85.
Veeco reported second quarter 2024 revenue of $175.9 million, up from $161.6 million a year earlier, and GAAP net income of $14.9 million ($0.25 per diluted share) against a net loss of $85.3 million in the prior-year quarter. The company also narrowed its full-year 2024 outlook, with revenue now expected at $690 million to $730 million, down from $680 million to $740 million, and non-GAAP EPS at $1.65 to $1.85, down from $1.60 to $1.90.
Q2 2024 revenue $175.9 million vs. $161.6 million in Q2 2023; non-GAAP diluted EPS $0.42 vs. $0.36
GAAP net income $14.9 million ($0.25 diluted EPS) vs. net loss of $85.3 million a year earlier
Q3 2024 guidance: revenue $170 million to $190 million; non-GAAP diluted EPS $0.39 to $0.49
Updated FY 2024 outlook: revenue $690 million to $730 million; non-GAAP EPS $1.65 to $1.85
On August 2, 2024, Veeco entered a Third Amendment to its Loan and Security Agreement with HSBC Bank USA as administrative agent. The amendment increases the senior secured revolving credit facility by $75 million to $225 million and adds Citizens Bank, N.A. as a lender. The filing does not state the reason for the increase or any draw on the facility.
Revolving credit facility increased by $75 million, from an unstated prior amount to $225 million aggregate principal
Citizens Bank, N.A. joined the Loan and Security Agreement as a lender
Agreement is dated as of December 16, 2021, and was previously amended in May 2023 and March 2024
Veeco reported first quarter 2024 revenue of $174.5 million, up from $153.5 million a year earlier, and GAAP net income of $21.9 million, or $0.37 per diluted share, versus $8.7 million, or $0.17, in the prior-year quarter. The company guided second quarter 2024 revenue to $165 million to $185 million and non-GAAP diluted EPS to $0.38 to $0.48.
Q1 2024 revenue $174.5 million vs. $153.5 million in Q1 2023
Q1 2024 GAAP diluted EPS $0.37 vs. $0.17; non-GAAP diluted EPS $0.45 vs. $0.30
Q2 2024 guidance: revenue $165 million to $185 million; GAAP diluted EPS $0.22 to $0.33
Q1 2024 cash flow from operations was $9 million vs. $29 million in Q4 2023
Veeco reported fourth-quarter and full-year 2023 results on February 14, 2024. Revenue grew in both periods, and non-GAAP diluted EPS rose, but full-year GAAP results were a net loss of $30.4 million that included a $97.1 million loss tied to debt refinancing. The company also guided first-quarter 2024 revenue to $160 million to $180 million.
Q4 2023 revenue was $173.9 million, up from $153.8 million a year earlier; GAAP diluted EPS was $0.37 versus $2.00, a prior-year figure that included a $117.1 million income tax benefit
Q4 2023 non-GAAP diluted EPS was $0.51, compared with $0.38 in Q4 2022
FY 2023 revenue was $666.4 million versus $646.1 million; GAAP net loss was $30.4 million, or $0.56 per diluted share, and non-GAAP diluted EPS was $1.69 versus $1.57
Q1 2024 guidance: revenue of $160 million to $180 million; non-GAAP diluted EPS of $0.36 to $0.46
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Veeco Instruments filing is on SEC EDGAR ↗. 8-K briefs of other companies →