Skyworks Solutions Inc. Reports Unaudited Earnings Results for the First Quarter Ended January 02, 2014; Provides Earnings Guidance for the Second Quarter of 2015
January 22, 2015 at 04:41 pm
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Skyworks Solutions Inc. reported unaudited consolidated earnings results for the first quarter ended January 02, 2014. For the quarter, the company's GAAP net income increased to $195.2 million or $1.01 per diluted share from $94.5 million, or $0.49 per diluted share, a year earlier. Non-GAAP EPS was $1.26. Revenue increased 59% to $805.5 million compared to $505.2 million a year ago. Operating income was $246.8 million compared to $116.0 million a year ago. Income before income taxes was $247.5 million compared to $116.0 million a year ago. Non-GAAP operating income was $282.0 million compared to $141.8 million a year ago. Non-GAAP net income was $244.8 million compared to $127.7 million a year ago. Cash Flow from operations was $383 million. The company invested $87 million in capital expenditures with depreciation of $36 million.
The company provided earnings guidance for the second quarter of 2015. For the period, the company anticipates EPS of $1.12 and revenue of $750 million. The company expects gross margin in the range of 46% to 46.5% with operating expenses of approximately $95.5 million.
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. Reports Unaudited Earnings Results for the First Quarter Ended January 02, 2014; Provides Earnings Guidance for the Second Quarter of 2015