FABRINET Reports Q4 Earnings Results for FY2023, Ending June 30, 2023
August 25, 2023
🌥️Earnings Overview
On August 21 2023, FABRINET ($NYSE:FN) announced their financial results for the fourth quarter of fiscal year 2023, ending June 30 2023. Total revenue was USD 655.9 million, a 11.6% increase from the same period in the prior fiscal year. Net income rose 8.2% year over year to USD 60.8 million.
Share Price
On Monday, FABRINET reported its Q4 earnings results for FY2023, ending June 30, 2023. The stock opened at $118.0 and closed at $116.8, down by 0.9% from its last closing price of 117.8. This trend contrasts with the overall market performance in the same period, which saw gains across the board. FABRINET CFO, Michael Jones, stated that the company had achieved strong operational results during the quarter, driven by record demand for the company’s products and services.
He also highlighted the company’s continued focus on cost control and efficiency, which had enabled them to generate higher margins and improved profitability for shareholders. Analysts had expected FABRINET’s earnings results to come in higher than reported, however, the company still managed to exceed expectations and deliver strong results. Going forward, FABRINET is expecting to maintain its current momentum and continue to deliver strong financial performance in the coming quarters. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Fabrinet. More…
| Total Revenues | Net Income | Net Margin |
| 2.65k | 247.91 | 9.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Fabrinet. More…
| Operations | Investing | Financing |
| 213.31 | -98.72 | -80.98 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Fabrinet. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.98k | 510.99 | 40.59 |
Key Ratios Snapshot
Some of the financial key ratios for Fabrinet are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 17.2% | 30.0% | 9.9% |
| FCF Margin | ROE | ROA |
| 5.7% | 11.2% | 8.3% |
Analysis
At GoodWhale, we recently conducted an analysis of FABRINET‘s wellbeing and our Risk Rating reveals that FABRINET is a low risk investment in terms of financial and business aspects. We have identified areas with potential risks, which we invite you to explore further. To do this, you can register on our website at goodwhale.com and read more about FABRINET’s performance and potential for growth. We believe that understanding the risks and potential opportunities associated with FABRINET is important for any investor who wishes to make an informed decision. Our team is here to answer any questions you may have and look forward to helping you gain the insights necessary to make the right decision. More…
Peers
The company services a diverse set of markets, including telecommunications, data communications, aerospace and defense, industrial, life sciences, medical devices, and consumer electronics. Fabrinet has a strong competitive position in its markets, with a comprehensive suite of capabilities and a global footprint. The company’s competitors include Castech Inc, TT Electronics PLC, Gooch & Housego PLC, and others.
– Castech Inc ($SZSE:002222)
Castech Inc is a leading manufacturer of semiconductor products and services. The company has a market cap of 6.84B as of 2022 and a return on equity of 12.34%. The company’s products and services are used in a variety of electronic devices and systems, including computers, cell phones, and automotive electronics.
– TT Electronics PLC ($LSE:TTG)
TT Electronics is a provider of advanced electronics solutions for global markets. The company designs and manufactures electronic components, systems and services for applications in the aerospace, defence, rail, oil and gas, marine, medical, power generation and distribution, and industrial markets.
TT Electronics has a market capitalisation of £232.53 million as of March 2022 and a return on equity of 3.65%. The company designs and manufactures electronic components, systems and services for applications in the aerospace, defence, rail, oil and gas, marine, medical, power generation and distribution, and industrial markets.
– Gooch & Housego PLC ($LSE:GHH)
Gooch & Housego PLC is a leading global provider of advanced photonics solutions. They design, manufacture and supply a wide range of optical components, systems and instrumentation to meet the needs of their customers worldwide. Gooch & Housego has a market cap of 118.69M as of 2022 and a return on equity of 3.16%. The company has a strong focus on innovative photonics solutions and providing excellent customer service.
Summary
FABRINET reported their FY2023 Q4 earnings results on August 21 2023, showing total revenue of USD 655.9 million, an 11.6% increase year over year. Net income also rose 8.2% to USD 60.8 million. This signals strong performance by the company, which could be attractive to investors looking for a stable, long-term investment.
FABRINET has demonstrated reliable financials and is well-positioned for continued growth. With its strong financials and promising outlook, FABRINET is an attractive option for investors seeking a secure and profitable return on their investments.
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