Third Quarter Highlights
- Net sales $1,135 million, up 15% sequentially
- Gross margin 19.1%
- Net income $54 million, earnings per diluted share $0.23
- EBITDA $243 million
- Redemption of $200 million of Senior Notes due 2021, with annualized interest savings of approximately $13 million
TEMPE, Ariz. — (BUSINESS WIRE) — October 30, 2017 — Amkor Technology, Inc. (NASDAQ: AMKR), a leading provider of semiconductor packaging and test services, today announced financial results for the third quarter ended September 30, 2017.
"We achieved record sales in the third quarter, up 15% sequentially and 5% year-over-year," said Steve Kelley, Amkor's president and chief executive officer. "Demand was strong in nearly all end markets, and our factories executed well.”
| Results | Q3 2017 | Q2 2017 | Q3 2016 | |||||||||||
| ($ in millions, except per share data) | ||||||||||||||
| Net sales | $ | 1,135 | $ | 989 | $ | 1,086 | ||||||||
| Gross margin | 19.1 | % | 17.4 | % | 19.7 | % | ||||||||
| Net income attributable to Amkor | $ | 54 | $ | 116 | $ | 60 | ||||||||
| Earnings per diluted share | $ | 0.23 | $ | 0.48 | $ | 0.25 | ||||||||
| EBITDA** | $ | 243 | $ | 316 | $ | 249 | ||||||||
| Net cash provided by operating activities | $ | 214 | $ | 97 | $ | 219 | ||||||||
| Free cash flow** | $ | 74 | $ | 43 | $ | 106 | ||||||||
