Business

Fabrinet Announces First Quarter Fiscal Year 2025 Financial Results

  • 2024/11/5 9:52:16

　　BANGKOK,Nov. 04, 2024(GLOBE NEWSWIRE) --Fabrinet(NYSE: FN), a leading provider of advanced optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers of complex products, today announced its financial results for its fiscal first quarter endedSeptember 27, 2024.

　　Seamus Grady, Chief executive Officer ofFabrinet, said, “We started fiscal year 2025 with significant momentum across our business. Record revenue of$804 millionincreased 17% from a year ago and was above our guidance range. We saw revenue growth from every product area, including our first telecom revenue growth in several quarters. Strong margins coupled with our revenue performance helped produce earnings per share at the upper end of our guidance range. We are optimistic that our strong business momentum and execution will extend into the fiscal second quarter as we continue to expand on our leadership in the market.”

　　First Quarter Fiscal Year 2025 Financial Highlights

　　GAAP Results

　　Revenue for the first quarter of fiscal year 2025 was $804.2 million, compared to $685.5 million for the first quarter of fiscal year 2024.

　　GAAP net income for the first quarter of fiscal year 2025 was $77.4 million, compared to $65.1 million for the first quarter of fiscal year 2024.

　　GAAP net income per diluted share for the first quarter of fiscal year 2025 was $2.13, compared to $1.78 for the first quarter of fiscal year 2024.

　　Non-GAAP Results

　　Non-GAAP net income for the first quarter of fiscal year 2025 was $86.9 million, compared to $72.8 million for the first quarter of fiscal year 2024.

　　Non-GAAP net income per diluted share for the first quarter of fiscal year 2025 was $2.39, compared to $2.00 for the first quarter of fiscal year 2024.

　　Business Outlook

　　Based on information available as ofNovember 4, 2024,Fabrinetis issuing guidance for its second fiscal quarter endingDecember 27, 2024, as follows:

　　Fabrinet expects second quarter revenue to be in the range of $800 million to $820 million.

　　GAAP net income per diluted share is expected to be in the range of $2.20 to $2.28, based on approximately 36.4 million fully diluted shares outstanding.

　　Non-GAAP net income per diluted share is expected to be in the range of $2.44 to $2.52, based on approximately 36.4 million fully diluted shares outstanding.

　　AboutFabrinet

　　Fabrinetis a leading provider of advanced optical packaging and precision optical, electro-mechanical, and electronic manufacturing services to original equipment manufacturers of complex products, such as optical communication components, modules and subsystems, automotive components, medical devices, industrial lasers and sensors.Fabrinetoffers a broad range of advanced optical and electro-mechanical capabilities across the entire manufacturing process, including process design and engineering, supply chain management, manufacturing, advanced packaging, integration, final assembly and testing.Fabrinetmaintains engineering and manufacturing resources and facilities inThailand,the United States of America, the People’sRepublic of China, andIsrael. For more information visit: www.fabrinet.com.

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