Veeco Instruments Inc. (VECO)

Veeco Instruments Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	710.11	717.3	666.44	646.14	583.28	454.16
Revenue Growth (YoY)	3.30%	7.63%	3.14%	10.78%	28.43%	8.30%
Cost of Revenue	413.06	413.3	381.38	382.99	341	259.86
Gross Profit	297.05	304.01	285.06	263.15	242.27	194.3
Selling, General & Admin	99.99	99.66	92.76	88.95	84.54	76.25
Research & Development	123.38	124.51	112.85	103.57	88.68	78.99
Other Operating Expenses	1.76	-1.06	1.03	0.32	0.07	-0.22
Operating Expenses	231.04	230.09	215.12	202.85	185.56	170.36
Operating Income	66.02	73.91	69.94	60.3	56.71	23.94
Interest Expense	-10.93	-11.05	-11.77	-11.51	-28.36	-24.74
Interest & Investment Income	12.92	12.9	10.58	2.2	2.34	1.55
Other Non Operating Income (Expenses)	-	-	-	-	-0	-
EBT Excluding Unusual Items	68	75.77	68.75	50.99	30.69	0.76
Merger & Restructuring Charges	-	-	-	-	-	-1.1
Gain (Loss) on Sale of Investments	-	-	-	-	-0.98	-
Asset Writedown	-28.13	-28.13	-	-	-	-0.28
Other Unusual Items	21.2	21.2	-97.09	-	-4.03	-7.84
Pretax Income	61.07	68.83	-28.34	50.99	25.68	-8.46
Income Tax Expense	-2.74	-4.88	2.03	-115.96	-0.36	-0.07
Net Income	63.81	73.71	-30.37	166.94	26.04	-8.39
Net Income to Common	63.81	73.71	-30.37	166.94	26.04	-8.39
Net Income Growth	-	-	-	541.15%	-	-
Shares Outstanding (Basic)	57	56	54	50	49	48
Shares Outstanding (Diluted)	61	62	54	66	54	48
Shares Change (YoY)	11.51%	14.56%	-18.04%	22.30%	10.92%	1.85%
EPS (Basic)	1.12	1.31	-0.56	3.35	0.53	-0.17
EPS (Diluted)	1.07	1.23	-0.56	2.71	0.49	-0.17
EPS Growth	-	-	-	453.00%	-	-
Free Cash Flow	55.57	45.7	33.74	83.88	27.1	36.22
Free Cash Flow Per Share	0.90	0.74	0.63	1.28	0.51	0.75
Gross Margin	41.83%	42.38%	42.77%	40.73%	41.54%	42.78%
Operating Margin	9.30%	10.30%	10.50%	9.33%	9.72%	5.27%
Profit Margin	8.99%	10.28%	-4.56%	25.84%	4.46%	-1.85%
Free Cash Flow Margin	7.83%	6.37%	5.06%	12.98%	4.65%	7.98%
EBITDA	89.79	99.06	94.91	85.94	82.77	54.64
EBITDA Margin	12.64%	13.81%	14.24%	13.30%	14.19%	12.03%
D&A For EBITDA	23.77	25.14	24.97	25.65	26.06	30.7
EBIT	66.02	73.91	69.94	60.3	56.71	23.94
EBIT Margin	9.30%	10.30%	10.50%	9.33%	9.72%	5.27%
Advertising Expenses	-	0.4	0.4	0.3	0.3	0.4

Updated Feb 14, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q