Camtek Ltd (CAMT) Tops Q4 EPS by 1c, Slight Beat on Revenues

Camtek Ltd (NASDAQ: CAMT) reported Q4 EPS of $0.17, $0.01 better than the analyst estimate of $0.16. Revenue for the quarter came in at $33.2 million versus the consensus estimate of $33 million.

• Revenues of $33.2 million, up 28% year-over-year and ahead of the upper-end of the guidance range of $32-33 million;
• GAAP operating income of $6.2 million; non-GAAP operating income of $6.9 million, representing an operating margin of 18.7% and 20.7% respectively;
• GAAP net income of $5.8 million and non-GAAP net income of $6.4 million, representing year-over-year growth of 101% and 85%, respectively; and
• Strong operating cash flow of $7.2 million;

Management Comment

Rafi Amit Camtek's CEO commented, "We are very pleased with our performance in 2018. We set ambitious targets in terms of revenue growth and improved profitability and we have exceeded them all. We ended 2018 with over 30% growth in revenue and close to 20% operating margin. We are aware of the uncertainty in the semiconductor market, however we don\'t see any significant change in the segments in which we operate."

Continued Mr. Amit, "Earlier this week, we announced an investment and important alliance with Chroma, a leading Taiwanese high precision test and measurement equipment corporation. Chroma will enable us to bolster our presence in Asia and especially Taiwan, and will also allow us to expand our addressable markets by leveraging our technological capabilities into new segments."

For earnings history and earnings-related data on Camtek Ltd (CAMT) click here.

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