MILPITAS, Calif, Sept. 17, 2019 /PRNewswire/ -- KLA
Corporation (NASDAQ: KLAC) will hold an investor day today in
New York City with presentations
given by Rick Wallace, president and
CEO, Bren Higgins, executive vice
president and CFO, and other senior executives.
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Management will present strategic growth initiatives and provide
an in-depth review of the company's systems, services, and Orbotech
businesses, as well as growth opportunities in automotive
electronics.
In addition, the company is announcing an increase in the
quarterly dividend level to $0.85 per
share, the tenth consecutive annual increase, as well as
authorization from the board of directors to repurchase up to
$1 billion of the company's common
stock. This is in addition to the existing share repurchase
authorization, which had $859 million
remaining as of June 30, 2019.
"We are excited to host KLA Corporation's investor day to
provide the investment community with a deeper understanding of our
company and the opportunities that lie before us as we execute our
strategic objectives," said Rick
Wallace, president and CEO. "With the recent acquisition of
Orbotech, we have have extended our reach in the global electronics
value chain, and we continue to execute our profitable growth
strategy, with the KLA operating model as the framework to drive
performance," added Wallace. "The announced increase in the
quarterly dividend level and new share repurchase authorization
reflect our confidence in these strategies and the opportunities
that lie ahead for KLA."
Event Webcast Details
The presentation, which includes question and answer sessions,
will begin at 8:30 a.m. (ET) and is
expected to conclude at approximately 12:30
p.m. The public may access the event through a live webcast
available on the Investor Relations section of KLA Corporation's
website. The conference will also be available by dialing the
following numbers: (855) 459-5948 in the U.S. or (330) 863-3386 for
international participants; Conference ID 4966377. Presentation
materials will be posted to the Investor Relations section of the
Company's website today at approximately 8:30 a.m. (ET). A replay of the webcast will be
available following the presentation at the same link listed
above.
About KLA
KLA develops industry-leading equipment and services that enable
innovation throughout the electronics industry. We provide advanced
process control and process-enabling solutions for manufacturing
wafers and reticles, integrated circuits, packaging, printed
circuit boards and flat panel displays. In close collaboration with
leading customers across the globe, our expert teams of physicists,
engineers, data scientists and problem-solvers design solutions
that move the world forward. Additional information may be found
at www.kla.com (KLAC-F).
Forward-Looking Statements
This press release contains certain forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. These
forward-looking statements, including statements regarding our
anticipated revenue and non-GAAP diluted earnings per share for the
quarter ending September 30,
2019. For the factors that may cause actual results to differ
materially from those projected and anticipated in the
forward-looking statements in this presentation, please refer to
the Company's annual report on Form 10-K for the year ended
June 30, 2019 and other filings with
the Securities and Exchange Commission (including, without
limitation, the risk factors described therein).
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SOURCE KLA Corporation