Skyworks Solutions Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended December 31, 2012; Provides Earnings Guidance for the Second Fiscal Quarter of 2013; Provides Tax Rate Guidance for the Full Year of 2013
January 30, 2013 at 04:30 pm
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Skyworks Solutions Inc. announced unaudited consolidated earnings results for the first quarter ended December 31, 2012. For the quarter, net revenue was $453,723,000 against $393,740,000 for the same period a year ago. Operating income was $86,583,000 against $74,968,000 for the same period a year ago. Income before income taxes was $86,842,000 against $74,662,000 for the same period a year ago. Net income was $66,493,000 against $57,126,000 for the same period a year ago. Diluted earnings per share were $0.34 against $0.30 for the same period a year ago. Non-GAAP operating income was $114,777,000 against $105,176,000 for the same period a year ago. Non-GAAP net income was $106,606,000 against $96,241,000 for the same period a year ago. Non-GAAP net income per diluted share was $0.55 against $0.51 for the same period a year ago. The company invested $26.4 million in capital expenditures.
Specifically, for the second fiscal quarter of 2013, the company anticipated revenue to be up 15% year-over-year with better than normal seasonality to approximately $420 million with non-GAAP diluted earnings per share of $0.47.
The company project its tax rate to remain at these levels for the remainder of 2013 fiscal year.
Skyworks Solutions, Inc. specializes in the development, sales and marketing of high-performance, mixed signal semi-conductors. The products are designed for use in the following sectors: consumer electronics, IT, mobile communication systems and network infrastructures. They also provide solutions for automotive, RFID, industrial, medical, military and aerospatial applications to name but a few. The group offers amplifiers, attenuators, detectors, diodes, directional couplers, modules, radio frequency subsystems, isolators, modulators, optocouplers, optoisolators, phase shifters, switches and multiplexers, solutions for food management, etc.
At the end of September 2023, Skyworks Solutions, Inc. had 6 manufacturing sites located in the United States (2), Mexico (2), Japan and Singapore.
Net sales are distributed geographically as follows: the United States (75.5%), China (7.5%), Taiwan (7.2%), South Korea (4.2%), Asia/Pacific (1.3%) and Europe/Middle East/Africa (4.3%).
Skyworks Solutions Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended December 31, 2012; Provides Earnings Guidance for the Second Fiscal Quarter of 2013; Provides Tax Rate Guidance for the Full Year of 2013