STATS ChipPAC Reports First Quarter 2012 Results
|
|
- Diana Norman
- 5 years ago
- Views:
Transcription
1 FOR IMMEDIATE RELEASE STATS ChipPAC Reports First Quarter 2012 Results Singapore 24/4/2012 ( STATS ChipPAC or the Company SGX-ST: STATSChP), a leading semiconductor test and advanced packaging service provider, today announced results for the first quarter Tan Lay Koon, President and Chief Executive Officer of STATS ChipPAC, said, Revenue for the first quarter of 2012 decreased by 4.7% to $390.2 million over the first quarter of 2011 and decreased by 8.6% from the prior quarter. The first quarter revenue reflected seasonally weaker demand and tight inventory control as customers remained cautious. First quarter of 2012 gross margin was 16.1% compared to 16.9% in the fourth quarter of 2011 and 16.8% in the first quarter of Operating margin before flood related plan charges for the first quarter of 2012 was 6.7% of revenue compared to 6.6% in the fourth quarter of 2011 and 5.7% in the first quarter of Net income for the first quarter of 2012 was $2.8 million, or $0.00 of net income per diluted ordinary share compared to net income of $6.3 million or $0.00 of net income per diluted ordinary share in the first quarter of 2011 and net loss of $46.0 million or $0.02 of net loss per diluted ordinary share in the fourth quarter of The net income in the first quarter of 2012 and the net loss in the fourth quarter of 2011 included interest expense of $11.2 million in each quarter from our offering of $600.0 million Senior Notes due 2015 to fund our capital reduction in The net income for the first quarter of 2012 included flood related plan charges of $4.6 million arising from the announced plan for our Thailand plant operations. The net loss for the fourth quarter of 2011 included flood related charges totalling $55.5 million comprising goodwill impairment ($24.5 million), plant and equipment impairment ($16.3 million), and other related charges ($14.7 million). The Company has submitted the property damage and business interruption insurance claim in respect of the flooding of its Thailand plant in March The insurance claim is in progress and, as of the first quarter of 2012, the Company is unable to determine the amount of damages and losses that will be recovered through the insurance claim. John Lau, Chief Financial Officer of STATS ChipPAC, said, Gross profit for the first quarter of 2012 was $62.7 million or 16.1% of revenue, compared to $68.8 million or 16.8% in the first quarter of Our adjusted EBITDA 1 in the first quarter of 2012 was 23.0% of revenue, compared to 24.8% in the first quarter of Capital spending in the first quarter of 2011 was $98.3 million or 25.2% of revenue, 1 Adjusted EBITDA is not required by, or presented in accordance with, Singapore Financial Reporting Standards ( FRS ). We define adjusted EBITDA as net income attributable to STATS ChipPAC Ltd. plus income tax expense, interest expense, net, depreciation and amortisation, restructuring charges, share-based compensation, goodwill and equipment impairment, tender offer expenses and write-off of debt issuance cost. We present adjusted EBITDA as a supplemental measure of our performance. Management believes the non-frs financial measure is useful to investors in enabling them to perform additional analysis.
2 respectively, compared to $86.5 million or 21.1% of revenue in the first quarter of 2011 as we further accelerate investments in advanced packaging and turnkey test based on the strength of future demand from our customers. We ended the first quarter of 2012 with cash, cash equivalents and marketable securities of $208.1 million and debt of $811.0 million compared to $238.1 million and $810.3 million as of the end of fourth quarter of 2011, respectively. Outlook Tan Lay Koon commented, Based on current visibility, we expect net revenues in the second quarter of 2012 to be approximately 6% to 12% increase from the prior quarter, with adjusted EBITDA 1 in the range of 22% to 25% of revenue. We expect capital expenditure 2 in the second quarter of 2012 to be approximately $90 million to $100 million. The outlook is subject to a number of risks and uncertainties that could cause actual events or results to differ materially from those disclosed in the outlook statements. These statements are based on our management s beliefs and assumptions, which involve judgments about future trends, events and conditions, all of which are subject to change and many of which are beyond our control. Please refer to our Financial Statements for the three months ended 25 March 2012 filed with the Singapore Exchange Securities Trading Limited ( SGX-ST ) for the major assumptions made in preparing our outlook for the second quarter of Investors should consider these assumptions and make their own assessment of the future performance of STATS ChipPAC and note that there may not be a direct correlation between the net income of the Company with adjusted EBITDA as a percentage of revenue. Investor Conference Call / Live Audio Webcast Details A conference call has been scheduled for 8:00 a.m. in Singapore on Wednesday, 25 April During the call, time will be set-aside for analysts and investors to ask questions of executive officers. The call may be accessed by dialing A live audio webcast of the conference call will be available on STATS ChipPAC s website at. A replay of the call will be available 2 hours after the live call through 10 May 2012 at and by telephone at The conference ID number to access the conference call and replay is Capital expenditure refers to acquisitions of production equipment and asset upgrades.
3 Forward-looking Statements Certain statements in this release are forward-looking statements, including our outlook for the second quarter of 2012, that involve a number of risks and uncertainties that could cause actual events or results to differ materially from those described in this release. Factors that could cause actual results to differ include, but are not limited to, the timing and impact of the expected closure of the Thailand Plant as well as the estimated associated cost for the closure; the amount of the property damage and business interruption insurance claim due to flooding of the Thailand Plant; the ability to shift production to other manufacturing locations, shortages in supply of key components and disruption in supply chain; general business and economic conditions and the state of the semiconductor industry; prevailing market conditions; demand for end-use applications products such as communications equipment, consumer and multi-applications and personal computers; decisions by customers to discontinue outsourcing of test and packaging services; level of competition; our reliance on a small group of principal customers; our continued success in technological innovations; pricing pressures, including declines in average selling prices; intellectual property rights disputes and litigation; our ability to control operating expenses; our substantial level of indebtedness and access to credit markets; potential impairment charges; availability of financing; changes in our product mix; our capacity utilisation; delays in acquiring or installing new equipment; limitations imposed by our financing arrangements which may limit our ability to maintain and grow our business; returns from research and development investments; changes in customer order patterns; customer credit risks; disruption of our operations; loss of key management or other personnel; defects or malfunctions in our testing equipment or packages; rescheduling or cancelling of customer orders; adverse tax and other financial consequences if the taxing authorities do not agree with our interpretation of the applicable tax laws; classification of our Company as a passive foreign investment company; our ability to develop and protect our intellectual property; changes in environmental laws and regulations; exchange rate fluctuations; regulatory approvals for further investments in our subsidiaries; majority ownership by Temasek Holdings (Private) Limited ( Temasek ) that may result in conflicting interests with Temasek and our affiliates; unsuccessful acquisitions and investments in other companies and businesses; labour union problems in South Korea; uncertainties of conducting business in China and changes in laws, currency policy and political instability in other countries in Asia; natural calamities and disasters, including outbreaks of epidemics and communicable diseases; the continued trading and listing of our ordinary shares on the Singapore Exchange Securities Trading Limited ( SGX-ST ). You should not unduly rely on such statements. We do not intend, and do not assume any obligation, to update any forward-looking statements to reflect subsequent events or circumstances. Basis of Preparation of Results The financial statements included in this release have been prepared in accordance with the Singapore Financial Reporting Standards ( FRS ). Our week fiscal year ends on the Sunday nearest and prior to 31 December. Our fiscal quarters end on a Sunday and are generally thirteen weeks in length. Our first quarter of 2012 ended on 25 March 2012, while our first quarter of 2011 and fiscal year 2011 ended on 27 March 2011 and 25 December 2011, respectively. References to $ are to the lawful currency of the United States of America. Overall equipment utilisation for the first quarter 2012 and fourth quarter 2011 is adjusted for the suspension of the Thailand Plant capacity.
4 About is a leading service provider of semiconductor packaging design, assembly, test and distribution solutions in diverse end market applications including communications, digital consumer and computing. With global headquarters in Singapore, STATS ChipPAC has design, research and development, manufacturing or customer support offices in 10 different countries. STATS ChipPAC is listed on the SGX-ST. Further information is available at. Information contained in this website does not constitute a part of this release. Investor Relations Contact: Tham Kah Locke Vice President of Corporate Finance Tel: (65) , Fax: (65) kahlocke.tham@statschippac.com Media Contact: Lisa Lavin Deputy Director of Corporate Communications Tel: (208) lisa.lavin@statschippac.com
5 Consolidated Income Statement (Unaudited) Three Months Ended 25 March 27 March 2012 $ $ 000 Net revenues 390, ,380 Cost of revenues (327,515) (340,622) Gross profit 62,670 68,758 Operating expenses: Selling, general and administrative 24,821 25,552 Research and development 11,741 12,304 Write-off of debt issuance costs 7,593 Total operating expenses 36,562 45,449 Operating income before flood related plan charges 26,108 23,309 Flood related plan charges * 4,596 Operating income after flood related plan charges 21,512 23,309 Other income (expenses), net: Interest income Interest expense (14,710) (15,065) Foreign currency exchange gain (loss) 218 (569) Share of profit (loss) of associate (458) 90 Other non-operating income, net Total other expenses, net (14,461) (15,071) Income before income taxes 7,051 8,238 Income tax expense (2,452) (379) Net income 4,599 7,859 Less: Net income attributable to the non-controlling interest (1,815) (1,587) Net income attributable to 2,784 6,272 Net income per ordinary share attributable to : Basic $0.00 $ 0.00 Diluted $0.00 $ 0.00 Ordinary shares (in thousands) used in per ordinary share calculation: Basic 2,202,218 2,202,218 Diluted 2,202,226 2,202,234 Key Ratios and Information: Gross Margin 16.1% 16.8% Operating Expenses as a % of Revenue 9.4% 11.1% Operating Margin before flood related plan charges 6.7% 5.7% Depreciation & Amortisation, including Amortisation of Debt Issuance Costs 70,878 73,532 Capital Expenditures 98,335 86,544 * Flood related plan charges of $4.6 million primarily relate to depreciation on suspended production operations and labour and other expenses to support production shift from the Thailand plant to other manufacturing locations of STATS ChipPAC.
6 Consolidated Statement of Financial Position (Unaudited) 25 March 25 December $ 000 $ 000 ASSETS Current assets: Cash and cash equivalents 162, ,811 Financial assets, available-for-sale 46,086 43,249 Accounts receivable, net 229, ,082 Other receivables 15,222 13,879 Inventories 93,402 89,434 Prepaid expenses and other current assets 32,637 19,129 Total current assets 578, ,584 Non-current assets: Property, plant and equipment, net 1,154,272 1,123,061 Investment in associate 8,047 8,407 Intangible assets 37,196 37,179 Goodwill 405, ,587 Long-term restricted cash Prepaid expenses and other non-current assets 4,423 5,550 Total non-current assets 1,610,006 1,580,194 Total assets 2,188,733 2,163,778 LIABILITIES Current liabilities: Accounts and other payables 140, ,852 Payables related to property, plant and equipment purchases 48,714 19,864 Accrued operating expenses 120, ,342 Income taxes payable 15,343 13,344 Short-term borrowings 20,000 20,000 Short-term amounts due to related parties Total current liabilities 344, ,430 Non-current liabilities: Long-term borrowings 790, ,339 Deferred tax liabilities 47,877 49,509 Other non-current liabilities 1,717 1,805 Total non-current liabilities 840, ,653 Total liabilities 1,185,531 1,178,083 EQUITY Share capital 873, ,666 Retained earnings 85,192 82,408 Other reserves (6,361) (17,981) Equity attributable to equity holders of 952, ,093 Non-controlling interest 50,705 47,602 Total equity 1,003, ,695 Total liabilities and equity 2,188,733 2,163,778
7 Other Supplemental Information (Unaudited) 1Q Q Q 2011 Net Revenues by Product Line Packaging laminate 56.9% 59.7% 54.9% Packaging leaded 11.6% 10.7% 15.3% Test 21.0% 19.4% 19.7% Wafer level processing and other services 10.5% 10.2% 10.1% 100.0% 100.0% 100.0% Net Revenues by End User Market Communications 63.5% 67.1% 52.4% Personal Computers 10.3% 9.4% 14.1% Consumer, Multi-applications and Others 26.2% 23.5% 33.5% 100.0% 100.0% 100.0% Net Revenues by Region United States of America 69.5% 68.6% 64.8% Asia 20.7% 18.8% 26.5% Europe 9.8% 12.6% 8.7% 100.0% 100.0% 100.0% Number of Testers Number of Wirebonders 4,598 4,734 4,567 Overall Equipment Utilisation Rate 71% 76% 79%
STATS ChipPAC Reports Third Quarter 2014 Results
FOR IMMEDIATE RELEASE STATS ChipPAC Reports Third Quarter 2014 Results Singapore 28 October 2014 ( STATS ChipPAC or the Company SGX-ST: STATSChP), a leading provider of advanced semiconductor packaging
More informationSTATS ChipPAC Reports Fourth Quarter and Full Year 2014 Results
FOR IMMEDIATE RELEASE STATS ChipPAC Reports Fourth Quarter and Full Year 2014 Results Singapore 29 January 2015 ( STATS ChipPAC or the Company SGX-ST: STATSChP), a leading provider of advanced semiconductor
More informationSTATS ChipPAC Reports First Quarter 2015 Results
FOR IMMEDIATE RELEASE STATS ChipPAC Reports First Quarter 2015 Results Singapore 21 April 2015 ( STATS ChipPAC or the Company SGX-ST: STATSChP), a leading provider of advanced semiconductor packaging and
More informationSTATS ChipPAC Ltd. Reg No.: D
STATS ChipPAC Ltd. Reg No.: 199407932D FINANCIAL STATEMENTS AND RELATED ANNOUNCEMENT Financial Statements for the Three and. These figures have not been audited. STATS ChipPAC Ltd. ( STATS ChipPAC or the
More informationSTATS ChipPAC Ltd. Reg No.: D
Reg No.: 199407932D FINANCIAL STATEMENTS AND RELATED ANNOUNCEMENT Financial Statements for the Three and Six Months Ended. These figures have not been audited. ( or the Company and together with its subsidiaries,
More informationSTATS ChipPAC Ltd. Reg No.: D
Reg No.: 199407932D FINANCIAL STATEMENTS AND RELATED ANNOUNCEMENT Financial Statements for the Three and. These figures have not been audited. ( or the Company and together with its subsidiaries, the Group
More informationSTATS ChipPAC Ltd. Reg No.: D
Reg No.: 199407932D FINANCIAL STATEMENTS AND RELATED ANNOUNCEMENT Financial Statements for the Three and Nine Months Ended. These figures have not been audited. ( or the Company and together with its subsidiaries,
More informationSTATS ChipPAC Announces Tender Offer and Consent Solicitation for its Existing Senior Notes and Private Placement of New Senior Notes
FOR IMMEDIATE RELEASE STATS ChipPAC Announces Tender Offer and Consent Solicitation for its Existing Senior Notes and Private Placement of New Senior Notes Singapore 7/30/2010, United States 7/30/2010
More informationAPPENDIX MANAGEMENT S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS
APPENDIX MANAGEMENT S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS The following discussion of our business, financial condition and results of operations should be read in
More informationASM INTERNATIONAL N.V. REPORTS THIRD QUARTER 2018 RESULTS
Almere, The Netherlands October 31, 2018 ASM INTERNATIONAL N.V. REPORTS THIRD QUARTER 2018 RESULTS ASM International N.V. (Euronext Amsterdam: ASM) today reports its third quarter 2018 operating results
More informationASM INTERNATIONAL N.V. REPORTS FOURTH QUARTER 2018 RESULTS
Almere, The Netherlands February 21, 2019, 6 p.m. CET ASM INTERNATIONAL N.V. REPORTS FOURTH QUARTER 2018 RESULTS ASM International N.V. (Euronext Amsterdam: ASM) today reports its fourth quarter 2018 operating
More informationMASONITE INTERNATIONAL CORPORATION REPORTS 2014 FIRST QUARTER RESULTS
Contact: Joanne Freiberger Vice President and Treasurer 813-739-1808 investorrelations@masonite.com MASONITE INTERNATIONAL CORPORATION REPORTS 2014 FIRST QUARTER RESULTS (Tampa, FL, May 6, 2014) - Masonite
More informationGates Industrial Reports Record Third-Quarter 2018 Results
Gates Industrial Reports Record Third-Quarter 2018 Results Denver, CO, November 1, 2018 Third-Quarter 2018 Highlights Net sales up 8.9% year-over-year to third-quarter record of $828.4 million. Net income
More informationMASONITE INTERNATIONAL CORPORATION REPORTS 2013 THIRD QUARTER AND YEAR TO DATE RESULTS
Contact: Joanne Freiberger Vice President and Treasurer 813-739-1808 investorrelations@masonite.com MASONITE INTERNATIONAL CORPORATION REPORTS THIRD QUARTER AND YEAR TO DATE RESULTS (Tampa, FL, November
More informationGates Industrial Reports Record First-Quarter 2018 Results
Gates Industrial Reports Record First-Quarter Results Denver, CO, May 2, First-Quarter Highlights Net sales of $852.0 million, a quarterly record and increase of 16.7% year-over-year Net income attributable
More informationGates Industrial Reports Strong Fourth-Quarter and Full-Year 2017 Results
Gates Industrial Reports Strong Fourth-Quarter and Full-Year 2017 Results Fourth-Quarter 2017 Highlights Record fourth-quarter sales of $781.8 million, a 17.1% increase over prior-year quarter Net income
More informationCorporate Director, Investor Relations & Treasury Woodward Reports First Quarter Fiscal Year 2018 Results
FOR IMMEDIATE RELEASE News Release Woodward, Inc. 1081 Woodward Way Fort Collins, Colorado 80524, USA Tel: 970-482-5811 CONTACT: Don Guzzardo Corporate Director, Investor Relations & Treasury 970-498-3580
More informationUnder Armour Reports First Quarter Results
May 1, 2018 Under Armour Reports First Quarter Results First Quarter Revenue up 6 Percent; Company Reiterates Full Year 2018 Outlook BALTIMORE, May 1, 2018 /PRNewswire/ -- Under Armour, Inc. (NYSE: UA,
More informationASM INTERNATIONAL N.V. REPORTS FIRST QUARTER 2018 RESULTS
Almere, The Netherlands April 19, 2018 ASM INTERNATIONAL N.V. REPORTS FIRST QUARTER 2018 RESULTS ASM International N.V. (Euronext Amsterdam: ASM) day reports its first quarter 2018 operating results (unaudited)
More informationEVERETT, WA, October 26, Fortive Corporation ( Fortive ) (NYSE: FTV) today announced results for the third quarter 2017.
Fortive Reports Third Quarter Results EVERETT, WA, October 26, - Fortive Corporation ( Fortive ) (NYSE: FTV) today announced results for the third quarter. For the third quarter ended, net earnings were
More informationDES PLAINES, Illinois, August 1, Littelfuse, Inc. (NASDAQ/NGS:LFUS) today reported sales and earnings for the second quarter of 2007.
NEWS RELEASE CONTACT: Phil Franklin, Vice President, Operations Support & CFO (847) 391-0566 LITTELFUSE REPORTS SECOND QUARTER RESULTS DES PLAINES, Illinois, August 1, 2007 - Littelfuse, Inc. (NASDAQ/NGS:LFUS)
More informationPRESS RELEASE. BE Semiconductor Industries N.V. Announces Q3-18 Results
PRESS RELEASE BE Semiconductor Industries N.V. Announces Q3-18 Results Revenue and Net Income of 116.7 Million and 29.3 Million, Respectively Operating Profit Exceeds Expectations. Orders Up 25.0% vs.
More informationWoodward Reports Fiscal Year 2016 Results and Fiscal Year 2017 Outlook. Fiscal 2016 Highlights
FOR IMMEDIATE RELEASE CONTACT: Don Guzzardo Director, Investor Relations & Treasury 970-498-3580 Don.Guzzardo@woodward.com Woodward Reports Fiscal Year 2016 Results and Fiscal Year 2017 Outlook Fort Collins,
More informationASM INTERNATIONAL REPORTS FIRST QUARTER 2010 OPERATING RESULTS
ASM International N.V. ASM INTERNATIONAL REPORTS FIRST QUARTER 2010 OPERATING RESULTS ALMERE, THE NETHERLANDS, April 28, 2010 - ASM International N.V. (NASDAQ: ASMI and Euronext Amsterdam: ASM) reports
More informationMACOM Reports Revenue of $133.6 Million, Adjusted Gross Margin of 58.1% and Adjusted EPS of $0.46 (non-gaap) for Fiscal Second Quarter
MACOM Reports Revenue of $133.6 Million, Adjusted Gross Margin of 58.1% and Adjusted EPS of $0.46 (non-gaap) for Fiscal Second Quarter LOWELL, MA, April 26, 2016 - M/A-COM Technology Solutions Holdings,
More informationPRESS RELEASE. BE Semiconductor Industries N.V. Announces Q2-18 and H1-18 Results
PRESS RELEASE BE Semiconductor Industries N.V. Announces Q2-18 and H1-18 Results Q2-18 Revenue and Net Income Increase by 4.0% and 27.2%, Respectively, vs. Q1-18 Strong H1-18 with Revenue and Net Income
More informationSilicon Laboratories Inc. Condensed Consolidated Statements of Income (In thousands, except per share data) (Unaudited)
Condensed Consolidated Statements of Income Nine Months Ended Revenues $119,100 $120,154 $364,933 $381,450 Cost of revenues 46,203 41,484 143,666 128,297 Gross margin 72,897 78,670 221,267 253,153 Operating
More informationPRESS RELEASE. 26 April
PRESS RELEASE BE Semiconductor Industries Announces Q1-18 Results Solid Performance as Revenue and Net Income Up 40.5% and 52.7%, Respectively, vs. Q1-17 Duiven, the Netherlands, April 26, 2018 - BE Semiconductor
More informationMasonite International Corporation Reports 2016 Second Quarter Results
Masonite International Corporation Reports 2016 Second Quarter Results 8/10/2016 TAMPA, Fla.--(BUSINESS WIRE)-- Masonite International Corporation ("Masonite" or "the Company") (NYSE: DOOR) today announced
More informationMACOM Reports Revenue of $114.9 million with EPS $0.38 and Gross Margin of 53.7 percent (non-gaap)
MACOM Reports Revenue of $114.9 million with EPS $0.38 and Gross Margin of 53.7 percent (non-gaap) Lowell, Mass, February 2, 2015 M/A-COM Technology Solutions Holdings, Inc. ( MACOM ), a leading supplier
More informationCPI Card Group Inc. Reports Fourth Quarter and Full Year 2016 Results
NEWS RELEASE CPI Card Group Inc. Reports Fourth Quarter and Full Year 2016 Results 3/1/2017 Q4 Net Sales of $67.4 million, Full Year 2016 Net Sales of $308.7 million Full Year Net Income from Continuing
More informationON Semiconductor Reports Third Quarter 2018 Results
News Release Revenue of $1,541.7 million Gross margin of 38.7 percent GAAP operating margin of 15.7 percent and non-gaap operating margin of 17.8 percent Operating cash flow of $358.2 million and free
More informationFOR IMMEDIATE RELEASE
FOR IMMEDIATE RELEASE For media inquiries, contact: Eric Armstrong, Citrix Systems, Inc. (954) 267-2977 or eric.armstrong@citrix.com For investor inquiries, contact: Eduardo Fleites, Citrix Systems, Inc.
More informationSierra Wireless Reports First Quarter 2017 Results
Sierra Wireless Reports First Quarter 2017 Results Revenue increases 13.3% year-over-year to $161.8 million in the first quarter of 2017 VANCOUVER, BRITISH COLUMBIA - May 4, 2017 - Sierra Wireless, Inc.
More informationBroadcom Inc. Announces Second Quarter Fiscal Year 2018 Financial Results and Quarterly Dividend
FINANCIAL NEWS RELEASE Broadcom Inc. Announces Second Quarter Fiscal Year 2018 Financial Results and Quarterly Dividend $1.5 billion in aggregate repurchases of 6.4 million shares in the six weeks ended
More informationSENSATA TECHNOLOGIES REPORTS SECOND QUARTER 2017 FINANCIAL RESULTS
SENSATA TECHNOLOGIES REPORTS SECOND QUARTER 2017 FINANCIAL RESULTS Company delivers strong results and raises midpoint of organic revenue growth and adjusted EPS guidance for FY-17 Hengelo, the Netherlands
More informationPRESS RELEASE. 25 April
PRESS RELEASE Besi Reports Q1-17 Revenue of 110.2 Million and Net Income of 24.3 Million Q1-17 Orders of 239.8 Million, Increase 162.4% vs. Q4-16 Strong First Half 2017 Business Outlook Duiven, the Netherlands,
More informationCooper Standard Reports Record Sales, Strong Net Income and Record Adjusted EBITDA
August 3, 2017 Cooper Standard Reports Record Sales, Strong Net Income and Record Adjusted EBITDA NOVI, Mich., Aug. 3, 2017 /PRNewswire/ -- Cooper-Standard Holdings Inc. (NYSE: CPS) today reported results
More informationUNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC FORM 8-K
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event
More informationAon Reports Second Quarter 2017 Results
Investor Relations News from Aon Aon Reports Second Quarter Results Second Quarter Key Metrics From Continuing Operations Reported revenue increased 4 to $2.4 billion, with organic revenue growth of 3
More informationItron Announces Second Quarter 2015 Financial Results
August 5, 2015 Itron Announces Second Quarter 2015 Financial Results LIBERTY LAKE, Wash.--(BUSINESS WIRE)-- Itron, Inc. (NASDAQ:ITRI) announced today financial results for its second quarter and six months
More informationON Semiconductor Reports Fourth Quarter and 2017 Annual Results
News Release ON Semiconductor Reports Fourth Quarter and 2017 Annual Results For the fourth quarter of 2017, highlights include: Revenue of $1,377.5 million GAAP gross margin of 37.3 percent and non-gaap
More informationASM INTERNATIONAL N.V. REPORT FOURTH QUARTER 2011 AND FULL YEAR 2011 OPERATING RESULTS
ASM International N.V. ASM INTERNATIONAL N.V. REPORT FOURTH QUARTER 2011 AND FULL YEAR 2011 OPERATING RESULTS ALMERE, The Netherlands - March 6, 2012 - ASM International N.V. (NASDAQ: ASMI and Euronext
More informationASM INTERNATIONAL N.V. REPORT THIRD QUARTER 2012 OPERATING RESULTS
ASM International N.V. ASM INTERNATIONAL N.V. REPORT THIRD QUARTER 2012 OPERATING RESULTS ALMERE, The Netherlands - Ocber 24, 2012 - ASM International N.V. (NASDAQ: ASMI and Euronext Amsterdam: ASM) reports
More informationGILAT SATELLITE NETWORKS LTD. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS U.S. dollars in thousands (except share and per share data)
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (except share and per share data) 2016 2015 2016 2015 Audited Revenues $ 279,551 $ 197,543 $ 80,345 $ 67,682 Cost of revenues 204,061 143,318 56,147 47,181
More informationASM INTERNATIONAL N.V. REPORT SECOND QUARTER 2012 OPERATING RESULTS
ASM International N.V. ASM INTERNATIONAL N.V. REPORT SECOND QUARTER 2012 OPERATING RESULTS ALMERE, The Netherlands - July 25, 2012 - ASM International N.V. (NASDAQ: ASMI and Euronext Amsterdam: ASM) reports
More informationFred s Reports Fourth Quarter, Full Fiscal Year 2016 Results and March Sales
Fred s Reports Fourth Quarter, Full Fiscal Year Results and March Sales Strong sequential bottom-line improvement from third quarter ; Expect sequential improvement to continue through Substantial progress
More informationLKQ CORPORATION (Exact name of registrant as specified in its charter)
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K Current Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event
More informationUNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC FORM 8-K
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event
More informationASM INTERNATIONAL REPORTS THIRD QUARTER 2009 OPERATING RESULTS
ASM International N.V. ASM INTERNATIONAL REPORTS THIRD QUARTER 2009 OPERATING RESULTS ALMERE, THE NETHERLANDS, Ocber 29, 2009 - ASM International N.V. (NASDAQ: ASMI and Euronext Amsterdam: ASM) reports
More informationUNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC FORM 8-K
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event
More informationMasonite International Corporation Reports 2017 First Quarter Financial Results
Masonite International Corporation Reports 2017 First Quarter Financial Results 5/8/2017 TAMPA, Fla.--(BUSINESS WIRE)-- Masonite International Corporation ("Masonite" or "the Company") (NYSE: DOOR) today
More informationAon Reports First Quarter 2018 Results
Investor Relations News from Aon Aon Reports First Quarter 2018 Results First Quarter Key Metrics as Reported under U.S. GAAP (1) Total revenue increased 30% to $3.1 billion, including an increase of $365
More informationBroadcom Limited Announces Fourth Quarter and Fiscal Year 2017 Financial Results and Interim Dividend
FINANCIAL NEWS RELEASE Broadcom Limited Announces Fourth Quarter and Fiscal Year 2017 Financial Results and Interim Dividend Quarterly interim dividend increased by 72 percent to $1.75 per share from the
More informationCenveo Reports Third Quarter 2016 Results
News Release Cenveo Reports Third Quarter Results - Redeeming 50% of Remaining 11.5% Notes, Repurchased Most of 7% Convertible Notes - STAMFORD, CT (November 2, ) - Cenveo, Inc. (NYSE: CVO) reported financial
More informationUnder Armour Reports Third Quarter Results; Updates Full Year 2018 Outlook
Under Armour Reports Third Quarter Results; Updates Full Year 2018 Outlook October 30, 2018 BALTIMORE, Oct. 30, 2018 /PRNewswire/ -- (NYSE: UA, UAA) today announced financial results for the third quarter
More informationINC. ANNOUNCES FOURTH QUARTER AND FULL YEAR 2018 RESULTS
For more information contact: Jason Willey Investor Relations and Corporate Development (360) 567-4890 jason.willey@nlight.net nlight, INC. ANNOUNCES FOURTH QUARTER AND FULL YEAR 2018 RESULTS Revenues
More informationItron Announces Second Quarter 2016 Financial Results
September 1, 2016 Itron Announces Second Quarter 2016 Financial Results Updates Full-Year 2016 Guidance to Reflect Strong Business Momentum Announces New Restructuring Projects; Targeting Additional Annualized
More informationON Semiconductor Reports First Quarter 2018 Results
News Release ON Semiconductor Reports First Quarter Results Revenue of $1,377.6 million Gross margin of 37.6 percent GAAP operating margin of 13.5 percent and non-gaap operating margin of 15.7 percent
More informationVeritiv Announces First Quarter 2018 Financial Results
Veritiv Announces First Quarter 2018 Financial Results Reports First Quarter Net Sales of $2.1 Billion, Net Loss of $(15.8) Million, Basic and Diluted Loss per Share of $(1.00), and Adjusted EBITDA of
More informationExhibit 1. Consolidated Financial Results of Kyocera Corporation and its Subsidiaries for the Six Months Ended September 30, 2017
Exhibit 1. Consolidated Financial Results of Kyocera Corporation and its Subsidiaries for the Six Months Ended September 30, 2017 The consolidated financial information is prepared in accordance with generally
More informationConduent Reports Third Quarter 2017 Results; Operating Income and Adjusted EBITDA Rise; Strong Cash Flow and Adjusted EPS; Healthy Renewal Rate
News from Conduent Conduent Incorporated 100 Campus Drive, Suite 200 Florham Park, NJ 07932 www.conduent.com Conduent Reports Third Quarter 2017 Results; Operating Income and Adjusted EBITDA Rise; Strong
More informationAmeresco Reports Fourth Quarter and Full Year 2017 Financial Results
Contact: Media Relations Investor Relations FOR IMMEDIATE RELEASE CarolAnn Hibbard, 508.661.2264, news@ameresco.com John Granara, 508.661.2215, ir@ameresco.com Gary Dvorchak, CFA, The Blue Shirt Group,
More informationNews from Aon Aon Reports Fourth Quarter and Full Year 2017 Results Fourth Quarter Key Metrics From Continuing Operations and Highlights
Investor Relations News from Aon Aon Reports Fourth Quarter and Full Year Results Fourth Quarter Key Metrics From Continuing Operations and Highlights Reported revenue increased 10 to $2.9 billion with
More informationCalAmp Reports Fiscal 2019 Third Quarter Financial Results
NEWS RELEASE CalAmp Reports Fiscal 2019 Third Quarter Financial Results 12/20/2018 Q3 Software and Subscription Services revenue of $19.9 million, up 25% year-over-year Q3 operating cash ow of $11.3 million
More informationFOR IMMEDIATE RELEASE
FOR IMMEDIATE RELEASE For media inquiries, contact: Eric Armstrong, Citrix Systems, Inc. (954) 267-2977 or eric.armstrong@citrix.com For investor inquiries, contact: Eduardo Fleites, Citrix Systems, Inc.
More informationWestRock Reports Solid Results in Fiscal 2017 First Quarter
WestRock Reports Solid Results in Fiscal 2017 First Quarter NORCROSS, Ga., January 24, 2017 (GLOBE NEWSWIRE) -- WestRock Company (WestRock) (NYSE:WRK), a leading provider of differentiated paper and packaging
More informationAmeresco Reports Fourth Quarter and Full Year 2017 Financial Results
March 6, 2018 Ameresco Reports Fourth Quarter and Full Year 2017 Financial Results Full Year 2017 Financial Highlights (year over year): Revenues of $717.2 million, compared to $651.2 million, up 10% Net
More informationCPI Card Group Inc. Reports Fourth Quarter and Full Year 2015 Results
CPI Card Group Inc. Reports Fourth Quarter and Full Year 2015 Results Fourth Quarter Net Sales of $93.6 million and Pro Forma Adjusted Diluted EPS of $0.16 Initiates Quarterly Dividend Announces 2016 Financial
More informationDarden Restaurants Reports Fiscal 2018 Third Quarter Results And Increases Financial Outlook For The Full Fiscal Year
Darden Restaurants Reports Fiscal 2018 Third Quarter Results And Increases Financial Outlook For The Full Fiscal Year ORLANDO, Fla., March 22, 2018 /PRNewswire/ -- Darden Restaurants, Inc., (NYSE:DRI)
More informationLKQ CORPORATION (Exact name of registrant as specified in its charter)
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K Current Report Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934 Date of Report (Date of earliest event
More informationON Semiconductor Reports Fourth Quarter and 2008 Annual Results and Announces Additional Wafer-Fab Closure
Anne Spitza Ken Rizvi Corporate Communications Corporate Development, Treasury & Investor Relations ON Semiconductor ON Semiconductor (602) 244-6398 (602) 244-3437 anne.spitza@onsemi.com ken.rizvi@onsemi.com
More informationBroadcom Limited Announces First Quarter Fiscal Year 2018 Financial Results and Interim Dividend
FINANCIAL NEWS RELEASE Broadcom Limited Announces First Quarter Fiscal Year 2018 Financial Results and Interim Dividend Quarterly GAAP gross margin of 49.3 percent; Quarterly non-gaap gross margin from
More informationUNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C Form 8-K
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event
More informationPRESS RELEASE. BE SEMICONDUCTOR INDUSTRIES N.V. Ratio RW Duiven The Netherlands
FOR: BE SEMICONDUCTOR INDUSTRIES N.V. Ratio 6 6921 RW Duiven The Netherlands PRESS RELEASE BE Semiconductor Industries Reports First Quarter 2009 Results Dragon II Restructuring and Esec Integration Activities
More informationMcKESSON REPORTS FISCAL 2017 FOURTH-QUARTER AND FULL-YEAR RESULTS
McKESSON REPORTS FISCAL 2017 FOURTH-QUARTER AND FULL-YEAR RESULTS Revenues of $48.7 billion for the fourth quarter and $198.5 billion for the full year, up 4% year-over-year. Fourth-quarter GAAP earnings
More informationON Semiconductor Reports Fourth Quarter and 2018 Annual Results
ON Semiconductor Reports Fourth Quarter and Annual Results For the fourth quarter of, highlights include: Revenue of $1,503.1 million Gross margin of 37.9 percent GAAP operating margin of 14.8 percent
More informationContact: Naud van der Ven Mary Jo Dieckhaus Erik Kamerbeek
ASM International N.V. Contact: Naud van der Ven + 31 30 229 85 40 Mary Jo Dieckhaus + 1 212 986 29 00 Erik Kamerbeek + 31 30 229 85 00 ASM INTERNATIONAL REPORTS SECOND QUARTER 2008 OPERATING RESULTS BILTHOVEN,
More informationCooper Standard Reports Record 2017 Results
Cooper Standard Reports Record 2017 Results February 15, 2018 NOVI, Mich., Feb. 15, 2018 /PRNewswire/ -- Cooper-Standard Holdings Inc. (NYSE: CPS) today reported record results for the fourth quarter and
More informationSnyder s-lance, Inc. Reports Results for Third Quarter of Fiscal 2016
Snyder s-lance, Inc. Reports Results for Third Quarter of Fiscal 2016 Total net revenue increased 41.3% including the contribution of Diamond Foods GAAP earnings per diluted share increased 36.4% to $0.30
More informationMasonite International Corporation Reports Fourth Quarter and Full Year Financial Results
Masonite International Corporation Reports Fourth Quarter and Full Year Financial Results 2/21/2018 Provides 2018 outlook with continued growth in Net Sales and Adjusted EBITDA TAMPA, Fla.--(BUSINESS WIRE)--
More informationCooper Standard Reports Third Quarter Results; Raises Sales Guidance, Affirms Midpoint for Full-year Adjusted EBITDA Margin
October 31, 2017 Cooper Standard Reports Third Quarter Results; Raises Sales Guidance, Affirms Midpoint for Full-year Adjusted EBITDA Margin NOVI, Mich., Oct. 31, 2017 /PRNewswire/ -- Cooper-Standard Holdings
More informationMaxwell Reports Third Quarter 2017 Results
FOR IMMEDIATE RELEASE Investor Contact: Soohwan Kim, CFA (858) 503-3368 ir@maxwell.com Maxwell Reports Third Quarter Results Note: A webcast of Maxwell's conference call will be available at 5:00 p.m.
More informationCenveo Announces Fourth Quarter and Full Year 2010 Results
Cenveo Announces Fourth Quarter and Full Year Results News Release Continued operational improvement over prior quarter Integration of acquisitions on schedule 4th Quarter Non-GAAP Operating Margin of
More informationAgria Reports Third Quarter 2007 Results
Agria Reports Third Quarter 2007 Results Revenues of US$47.1 million for first nine months of 2007, with diluted earnings per ADS of US$0.48 Expect 4Q/2007 revenue growth of 60% to 70% year-over-year Beijing,
More informationPRESS RELEASE Q1- Δ
PRESS RELEASE Besi Reports Q1-16 Revenue and Net Income of 79.0 Million and 8.0 Million, Respectively. Q1-16 Orders Increase by 34.4% Sequentially vs. Q4-15. Net Cash Position Increases to 148.4 Million
More informationNews Release. International Paper Reports First-Quarter 2014 Earnings
News Release International Paper Reports First-Quarter 2014 Earnings Solid Results Despite Headwinds From Unfavorable Weather and High Input Costs Price Improvement Across Many Businesses MEMPHIS, Tenn.
More informationWestRock Reports Fiscal 2018 First Quarter Results
WestRock Reports Fiscal 2018 First Quarter Results 1/29/2018 ATLANTA, Jan. 29, 2018 (GLOBE NEWSWIRE) -- WestRock Company (WestRock) (NYSE:WRK), a leading provider of differentiated paper and packaging
More informationNCR Announces Fourth Quarter and Full Year 2018 Results
NCR Corporation Logo NCR Announces Fourth Quarter and Full Year 2018 Results February 7, 2019 ATLANTA--(BUSINESS WIRE)--Feb. 7, 2019-- NCR Corporation (NYSE: NCR) reported financial results today for the
More informationTE Connectivity Announces Fourth Quarter and Full Year Results for Fiscal Year 2016
TE Connectivity Announces Fourth Quarter and Full Year Results for Fiscal Year 2016 Company Posts Strong Fourth Quarter GAAP EPS and Record Quarterly Adjusted EPS SCHAFFHAUSEN, Switzerland November 2,
More informationDanaher Reports Record Fourth Quarter And Full Year 2015 Results
Danaher Corporation Investors Danaher Reports Record Fourth Quarter And Full Year 2015 Results WASHINGTON, Jan. 26, 2016 /PRNewswire/ Danaher Corporation (NYSE:DHR) today announced results for the fourth
More informationTransUnion Reports Third Quarter 2011 Results
gb0 Contact E-mail David McCrary TransUnion investor.relations@transunion.com Telephone 312 985 2860 CHICAGO, November 7, 2011 TransUnion Reports Third Quarter 2011 Results TransUnion Corp. ( TransUnion
More informationCommScope Returns to Public Market as More Profitable Industry Leader
CommScope Returns to Public Market as More Profitable Industry Leader - Announces Third Quarter 2013 Results - Net sales of $888 million, stable year over year excluding foreign exchange impact of $5 million
More informationSilicon Laboratories Inc. Condensed Consolidated Statements of Income (In thousands, except per share data) (Unaudited) September 29, 2018
Condensed Consolidated Statements of Income Nine Months Ended Revenues $230,243 $198,723 $652,733 $567,849 Cost of revenues 94,616 82,149 261,577 232,922 Gross margin 135,627 116,574 391,156 334,927 Operating
More informationMRC Global Announces Third Quarter 2018 Results and $150 Million Share Repurchase Program
E MRC Global Announces Third Quarter 2018 Results and $150 Million Share Repurchase Program Sales of $1.07 billion Net income attributable to common stockholders of $18 million Diluted earnings per common
More informationGRAINGER REPORTS RESULTS FOR THE 2018 THIRD QUARTER Revenue grows 7.4%; 8.2% excluding foreign exchange and impact of hurricanes
News Release GRAINGER REPORTS RESULTS FOR THE 2018 THIRD QUARTER Revenue grows 7.4%; 8.2% excluding foreign exchange and impact of hurricanes Quarterly Summary Reported operating earnings of $189 million,
More informationCompany to Resume Share Repurchases Given Improved Visibility to Full Year Results
Waste Management Announces Second Quarter 2009 Earnings July 30, 2009 7:02 AM ET Company to Resume Share Repurchases Given Improved Visibility to Full Year Results HOUSTON--(BUSINESS WIRE)--Jul. 30, 2009--
More informationNews from Conduent EXHIBIT Conduent Incorporated 100 Campus Drive, Suite 200 Florham Park, NJ
News from Conduent Conduent Incorporated 100 Campus Drive, Suite 200 Florham Park, NJ 07932 www.conduent.com Conduent Reports First Quarter 2018 Results; Strong Operational and Financial Performance Led
More informationClarus Reports Record Third Quarter 2018 Results and Increases Full-Year Adjusted EBITDA Margin Outlook
November 5, 2018 Clarus Reports Record Third Quarter 2018 Results and Increases Full-Year Adjusted EBITDA Margin Outlook Sales up 22% to a Q3 Record $55.7 Million With Gross Margin up 230 Basis Points
More informationSHILOH INDUSTRIES REPORTS SECOND-QUARTER FISCAL 2018 RESULTS AND RECORD QUARTERLY REVENUE
SHILOH INDUSTRIES REPORTS SECOND-QUARTER FISCAL 2018 RESULTS AND RECORD QUARTERLY REVENUE VALLEY CITY, Ohio, June 6, 2018 (GLOBE NEWSWIRE) - Shiloh Industries, Inc. (NASDAQ: SHLO), a leading global supplier
More information