Delaware
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000-30205
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36-4324765
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(State or other jurisdiction of incorporation)
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(Commission File Number)
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(IRS Employer Identification)
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870 Commons Drive, Aurora, Illinois
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|
60504
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(Address of principal executive offices)
|
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(Zip Code)
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(630) 375-6631
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(Registrant's telephone number, including area code)
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Not applicable
|
(Former name or former address, if changed since last report)
|
o
|
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|
o
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|
o
|
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
|
o
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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(c)
|
Exhibits
|
|
|
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The following exhibit is being furnished, not filed, herewith pursuant to Item 2.02 of Form 8-K:
|
|
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|
99.1 Press release, dated January 29, 2015, entitled "Cabot Microelectronics Corporation Reports Strong Results for First Quarter of Fiscal 2015."
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CABOT MICROELECTRONICS CORPORATION
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|
|
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[Registrant]
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|
|
|
|
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Date: January 29, 2015
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By:
|
/s/ WILLIAM S. JOHNSON
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|
|
|
William S. Johnson
|
|
|
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Executive Vice President and Chief Financial Officer
|
|
|
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[Principal Financial Officer]
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Exhibit Number
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Title
|
|
99.1
|
Press release, dated January 29, 2015, entitled "Cabot Microelectronics Corporation Reports Strong Results for First Quarter of Fiscal 2015."
|
CABOT MICROELECTRONICS CORPORATION
|
||||||||||||
CONSOLIDATED STATEMENTS OF INCOME
|
||||||||||||
(Unaudited and amounts in thousands, except per share amounts)
|
||||||||||||
|
||||||||||||
|
||||||||||||
|
Quarter Ended
|
|||||||||||
|
December 31,
|
September 30,
|
December 31,
|
|||||||||
|
2014
|
2014
|
2013
|
|||||||||
|
||||||||||||
Revenue
|
$
|
111,934
|
$
|
116,337
|
$
|
100,515
|
||||||
|
||||||||||||
Cost of goods sold
|
54,960
|
59,209
|
52,801
|
|||||||||
|
||||||||||||
Gross profit
|
56,974
|
57,128
|
47,714
|
|||||||||
|
||||||||||||
Operating expenses:
|
||||||||||||
|
||||||||||||
Research, development & technical
|
15,018
|
15,051
|
14,571
|
|||||||||
|
||||||||||||
Selling & marketing
|
7,639
|
6,846
|
6,707
|
|||||||||
|
||||||||||||
General & administrative
|
11,751
|
12,236
|
10,726
|
|||||||||
|
||||||||||||
Total operating expenses
|
34,408
|
34,133
|
32,004
|
|||||||||
|
||||||||||||
Operating income
|
22,566
|
22,995
|
15,710
|
|||||||||
|
||||||||||||
Interest expense
|
906
|
807
|
872
|
|||||||||
|
||||||||||||
Other income (expense), net
|
1,057
|
(448
|
)
|
617
|
||||||||
|
||||||||||||
Income before income taxes
|
22,717
|
21,740
|
15,455
|
|||||||||
|
||||||||||||
Provision for income taxes
|
2,801
|
5,694
|
4,147
|
|||||||||
|
||||||||||||
Net income
|
$
|
19,916
|
$
|
16,046
|
$
|
11,308
|
||||||
|
||||||||||||
|
||||||||||||
|
||||||||||||
Income available to common shareholders
|
$
|
19,685
|
$
|
15,831
|
$
|
11,181
|
||||||
|
||||||||||||
|
||||||||||||
Basic earnings per share
|
$
|
0.83
|
$
|
0.67
|
$
|
0.47
|
||||||
|
||||||||||||
Weighted average basic shares outstanding
|
23,651
|
23,500
|
23,590
|
|||||||||
|
||||||||||||
Diluted earnings per share
|
$
|
0.80
|
$
|
0.65
|
$
|
0.45
|
||||||
|
||||||||||||
Weighted average diluted shares outstanding
|
24,486
|
24,334
|
24,623
|
CABOT MICROELECTRONICS CORPORATION
|
||||||||
CONSOLIDATED CONDENSED BALANCE SHEETS
|
||||||||
(Unaudited and amounts in thousands)
|
||||||||
|
||||||||
|
December 31,
|
September 30,
|
||||||
|
2014
|
2014
|
||||||
ASSETS:
|
||||||||
|
||||||||
Current assets:
|
||||||||
Cash and cash equivalents
|
$
|
295,429
|
$
|
284,155
|
||||
Accounts receivable, net
|
61,365
|
60,693
|
||||||
Inventories, net
|
62,618
|
64,979
|
||||||
Other current assets
|
25,045
|
18,166
|
||||||
Total current assets
|
444,457
|
427,993
|
||||||
|
||||||||
Property, plant and equipment, net
|
95,299
|
100,821
|
||||||
Other long-term assets
|
68,318
|
72,353
|
||||||
Total assets
|
$
|
608,074
|
$
|
601,167
|
||||
|
||||||||
|
||||||||
LIABILITIES AND STOCKHOLDERS' EQUITY:
|
||||||||
|
||||||||
Current liabilities:
|
||||||||
Accounts payable
|
$
|
13,137
|
$
|
15,304
|
||||
Current portion of long-term debt
|
8,750
|
8,750
|
||||||
Accrued expenses, income taxes payable and other current liabilities
|
31,832
|
31,394
|
||||||
Total current liabilities
|
53,719
|
55,448
|
||||||
|
||||||||
Long-term debt, net of current portion
|
161,875
|
164,063
|
||||||
Other long-term liabilities
|
9,435
|
9,654
|
||||||
Total liabilities
|
225,029
|
229,165
|
||||||
|
||||||||
Stockholders' equity
|
383,045
|
372,002
|
||||||
Total liabilities and stockholders' equity
|
$
|
608,074
|
$
|
601,167
|