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Jun 26, 2020
Fabrinet Q4 2020 Earnings Report
Fabrinet's Q4 2020 financial results were announced, with revenue exceeding guidance and record fiscal year revenue and operating cash flow achieved.
Key Takeaways
Fabrinet announced its Q4 and Fiscal Year 2020 results, exceeding revenue and earnings guidance for the quarter. The company reported Q4 revenue of $405.1 million and GAAP net income of $28.0 million ($0.75 per diluted share). Fabrinet also achieved record fiscal year revenue of $1.64 billion and record operating cash flow of $151 million.
Q4 revenue of $405.1 million was consistent with the comparable period in fiscal year 2019 and exceeded guidance.
GAAP net income for Q4 was $28.0 million, compared to $33.0 million for the same period last year.
Non-GAAP net income for Q4 was $36.0 million, compared to $37.6 million for the same period last year.
The company expanded its share repurchase program, resulting in $100 million available for repurchase.
Forward Guidance
Fabrinet expects first quarter revenue to be in the range of $410 million to $430 million. GAAP net income per diluted share is expected to be in the range of $0.77 to $0.84, and non-GAAP net income per diluted share is expected to be in the range of $0.93 to $1.00.
Positive Outlook
- Expects first quarter revenue to be in the range of $410 million to $430 million.
- GAAP net income per diluted share is expected to be in the range of $0.77 to $0.84.
- Based on approximately 37.7 million fully diluted shares outstanding.
- Non-GAAP net income per diluted share is expected to be in the range of $0.93 to $1.00.
- Growth in the first quarter.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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