|
| |||||
|
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS | |||||
|
U.S. dollars in thousands (except per share data) | |||||
|
(Unaudited) | |||||
|
|
|
|
|
|
|
|
|
Three months ended |
|
Year ended | ||
|
|
March 31, |
|
December 31, | ||
|
|
2017 |
|
2016 |
|
2016 |
|
|
|
|
|
|
|
|
Revenues |
$187,649 |
|
$190,427 |
|
$806,402 |
|
Cost of revenues |
100,524 |
|
104,824 |
|
433,995 |
|
Gross profit |
87,125 |
|
85,603 |
|
372,407 |
|
|
|
|
|
|
|
|
Operating expenses: |
|
|
|
|
|
|
Research and development, net |
28,675 |
|
26,569 |
|
107,095 |
|
Selling, general and administrative |
33,953 |
|
30,023 |
|
124,356 |
|
Equity in earnings of Frontline |
(1,050) |
|
(636) |
|
(3,445) |
|
Amortization of intangible assets |
5,893 |
|
6,295 |
|
27,456 |
|
Total operating expenses |
67,471 |
|
62,251 |
|
255,462 |
|
|
|
|
|
|
|
|
Operating income |
19,654 |
|
23,352 |
|
116,945 |
|
Financial expenses - net |
2,006 |
|
4,664 |
|
21,042 |
|
|
|
|
|
|
|
|
Income before taxes on income |
17,648 |
|
18,688 |
|
95,903 |
|
Taxes on income |
2,868 |
|
2,845 |
|
16,308 |
|
Share in losses of equity method investee |
|
|
150 |
|
600 |
|
|
|
|
|
|
|
|
Net income |
14,780 |
|
15,693 |
|
78,995 |
|
Net loss attributable to the non-controlling interests |
(140) |
|
(61) |
|
(443) |
|
|
|
|
|
|
|
|
Net income attributable to Orbotech Ltd. |
$14,920 |
|
$15,754 |
|
$79,438 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Basic earnings per share |
$0.31 |
|
$0.36 |
|
$1.74 |
|
|
|
|
|
|
|
|
Diluted earnings per share |
$0.31 |
|
$0.36 |
|
$1.71 |
|
|
|
|
|
|
|
|
Weighted average number of shares (in thousands) |
|
|
|
|
|
|
used in computation of: |
|
|
|
|
|
|
Basic earnings per share |
47,839 |
|
43,186 |
|
45,534 |
|
Diluted earnings per share |
48,768 |
|
44,062 |
|
46,461 |
|
|
|
|
|
|
|
Orbotech Reports First Quarter 2017 Results
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