|
ORBOTECH LTD. | |||||
|
CONDENSED CONSOLIDATED STATEMENTS OF INCOME | |||||
|
U.S. dollars in thousands (except per share data) | |||||
|
(Unaudited) | |||||
|
|
3 months ended |
|
12 months ended | ||
|
|
March 31 |
|
December 31 | ||
|
|
2016 |
|
2015 |
|
2015 |
|
|
|
|
|
|
|
|
Revenues |
$190,427 |
|
$184,784 |
|
$752,517 |
|
Cost of revenues |
104,824 |
|
101,707 |
|
412,719 |
|
Gross profit |
85,603 |
|
83,077 |
|
339,798 |
|
Operating expenses: |
|
|
|
|
|
|
Research and development, net |
26,569 |
|
25,779 |
|
103,854 |
|
Selling, general and administrative |
30,023 |
|
28,973 |
|
117,493 |
|
Equity in earnings of Frontline |
(636) |
|
(871) |
|
(5,849) |
|
Amortization of intangible assets |
6,295 |
|
8,918 |
|
30,224 |
|
Gain from the sale of the Thermal activity |
|
|
|
|
(628) |
|
Total operating expenses |
62,251 |
|
62,799 |
|
245,094 |
|
Operating income |
23,352 |
|
20,278 |
|
94,704 |
|
Financial expenses - net |
4,664 |
|
6,471 |
|
23,585 |
|
Income before taxes on income |
18,688 |
|
13,807 |
|
71,119 |
|
Taxes on income |
2,845 |
|
1,752 |
|
13,788 |
|
Share in losses of equity method investee |
150 |
|
100 |
|
615 |
|
Net income |
15,693 |
|
11,955 |
|
56,716 |
|
Net gain (loss) attributable to |
|
|
|
|
|
|
the non-controlling interests |
(61) |
|
153 |
|
(55) |
|
Net income attributable to Orbotech Ltd. |
$15,754 |
|
$11,801 |
|
$56,771 |
|
Basic earnings per share |
$0.36 |
|
$0.28 |
|
$1.34 |
|
Diluted earnings per share |
$0.36 |
|
$0.28 |
|
$1.31 |
|
Weighted average number of shares (in thousands) |
|
|
|
|
|
|
used in computation of: |
|
|
|
|
|
|
Basic earnings per share |
43,186 |
|
41,961 |
|
42,412 |
|
Diluted earnings per share |
44,062 |
|
42,860 |
|
43,322 |
Orbotech Reports First Quarter 2016 Results
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