Amkor Technology, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2017; Provides Earnings Guidance for the Second Quarter of 2017; Provides Capital Expenditure and Tax Rate Guidance for the Year 2017
April 28, 2017 at 01:43 am IST
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Amkor Technology, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, the company reported net sales of $913,600,000 against $868,682,000 a year ago. Operating income was $24,655,000 against $22,094,000 a year ago. Loss before taxes was $8,705,000 against income before taxes of $1,468,000 a year ago. Net loss was $9,144,000 against $405,000 a year ago. Net loss attributable to company was $10,006,000 against $875,000 a year ago. Net loss attributable to company per share basic and diluted was $0.04. Net cash provided by operating activities was $102,677,000 against $138,098,000 a year ago. Payments for property, plant and equipment was $88,285,000 against $198,788,000 a year ago. EBITDA was $154 million against $155 million a year ago.
For the second quarter of 2017, the company expects net sales of $955 million to $1.035 billion, up 5% to 13% from the prior quarter. The company expects gross margin of 16% to 20%. Net income of $86 million to $125 million or $0.36 to $0.52 per share (includes gain from the sale of k1 factory).
For the year 2017, the company expects capital expenditures of around $500 million, unchanged from previous forecast. The company expects 2017 full year effective tax rate to be about 25%.
Amkor Technology, Inc. is a provider of outsourced semiconductor packaging and test services. The Company is engaged in the outsourcing of semiconductor packaging and test services. It designs and develops packaging and test technologies focused on advanced packaging solutions, including artificial intelligence. Its packaging and test services are designed to meet application and chip-specific requirements, including: the required type of interconnect technology; size; thickness; and electrical, mechanical, and thermal performance. It provides turnkey packaging and test services including semiconductor wafer bump, wafer probe, wafer back-grind, package design, packaging, system-level and final test and drop shipment services. The Company offers services to integrated device manufacturers (IDMs), fabless semiconductor companies, original equipment manufacturers (OEMs) and contract foundries. It allows IDMs to outsource packaging and test services and focus their investments.
Amkor Technology, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2017; Provides Earnings Guidance for the Second Quarter of 2017; Provides Capital Expenditure and Tax Rate Guidance for the Year 2017
AMKOR TECHNOLOGY, INC. 
