Veeco Reports First Quarter 2024 Financial Results

Uncategorized | May 07, 2024

First Quarter 2024 Highlights:

• Revenue of $174.5 million, compared with $153.5 million in the same period last year
• GAAP net income of $21.9 million, or $0.37 per diluted share, compared with $8.7 million, or $0.17 per diluted share in the same period last year
• Non-GAAP net income of $26.4 million, or $0.45 per diluted share, compared with $16.9 million, or $0.30 per diluted share in the same period last year

Plainview, N.Y., May 7, 2024 — Veeco Instruments Inc. (Nasdaq: VECO) today announced financial results for its first quarter ended March 31, 2024. Results are reported in accordance with U.S. generally accepted accounting principles (“GAAP”) and are also reported adjusting for certain items (“Non-GAAP”). A reconciliation between GAAP and Non-GAAP operating results is provided at the end of this press release.

Click here to read Veeco’s full release.