Full Year 2016 Highlights:
- Record sales $3.9 billion
- Gross margin 17.9%
- Net income $164 million, earnings per diluted share $0.69, EBITDA $852 million, net cash provided by operating activities $729 million and free cash flow $140 million
- Successful consolidation of J-Devices
- Notable second-half strength in mobile communications across multiple tiers
- Solid sales growth in automotive, Greater China and advanced SiP
TEMPE, Ariz. — (BUSINESS WIRE) — February 13, 2017 — Amkor Technology, Inc. (NASDAQ: AMKR), a leading provider of semiconductor packaging and test services, today announced financial results for the fourth quarter and full year ended December 31, 2016.
“Fourth quarter revenues were up $350 million year-over-year. For the full year, revenues were up $1 billion,” said Steve Kelley, Amkor’s president and chief executive officer. “The consolidation of J-Devices and the success of our automotive, Greater China and advanced SiP initiatives fueled the growth in revenue, which in turn drove significantly improved profitability and cash flow.”
| Results** | Q4 2016 | Q3 2016 | Q4 2015 | 2016 | 2015 | ||||||||||
| ($ in millions, except per share amounts) | |||||||||||||||
| Net sales | $1,022 | $1,086 | $671 | $3,894 | $2,885 | ||||||||||
| Gross margin | 22.2% | 19.7% | 15.3% | 17.9% | 16.6% | ||||||||||
| Net income (loss) | $100 | $60 | $(11) | $164 | $51 | ||||||||||
| Earnings per diluted share | $0.42 | $0.25 | $(0.04) | $0.69 | $0.22 | ||||||||||
| EBITDA* | $280 | $248 | $130 | $852 | $659 | ||||||||||
|
Net cash provided by operating activities |
$238 | $219 | $154 | $729 | $585 | ||||||||||
| Free cash flow* | $117 | $106 | $(29) | $140 | $54 | ||||||||||
