Veeco Instruments Inc. (VECO)

Veeco Instruments Income Statement

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

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