The post WT Microelectronics Announced Unaudited Consolidated Monthly Sales for October 2024 Totaled Approximately NT$98.6 Billion or US$3,075 Million appeared first on WT Microelectronics.

Unaudited cumulative consolidated revenue for the first three quarters of 2024 was approximately NT$697.6bn (US$21.78bn), up 72% year-on-year. Consolidated operating profit was approximately NT$11.05bn (US$345mn), up 76% year-on-year. Consolidated net profit after tax attributable to owners of the parent was approximately NT$6.58bn (US$205.3mn), up 122% year-on-year, and EPS (after the deduction of dividends for preferred shares) was approximately NT$5.85 based on the weighted average outstanding shares.

For the outlook of the fourth quarter of 2024, based on the exchange rate assumption of one US dollar to 32 NT dollars, the mid-point guidance for consolidated revenue is approximately NT$244.5bn (US$7.64bn), up 29% year-on-year. The mid-point guidance for consolidated operating profit is approximately NT$3,912mn (US$122.3mn), up 104% year-on-year. The mid-point guidance for consolidated net profit after tax attributable to owners of the parent is approximately NT$2,425mn (US$75.8mn), up 132% year-on-year, and the mid-point guidance for EPS is approximately NT$2.18.

The acquisition of Future Electronics in April 2024 marks a significant milestone in the company’s transformation into a world-class enterprise. Moving forward, WT will continue to implement a long-term integration strategy, leveraging the highly complementary business models of both organizations to further enhance our leading position in the global market. By utilizing each other’s strengths and expertise, we will provide comprehensive, end-to-end services to deliver greater value to our customers and suppliers globally.

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For the outlook of the third quarter of 2024, based on the exchange rate assumption of one US dollar to 32.5 NT dollars, the mid-point consolidated revenue guidance is expected to be approximately NT$255bn (US$7.85bn), up approximately 5% quarter-on-quarter and 52% year-on-year. The mid-point consolidated operating profit guidance is expected to be approximately NT$4,458mn (US$137.2mn), up approximately 5% quarter-on-quarter and 97% year-on-year. The mid-point consolidated net profit after tax attributable to owners of the parent guidance is expected to be approximately NT$2,500mn (US$76.9mn), up approximately 16% quarter-on-quarter and 95% year-on-year, and the mid-point EPS guidance is expected to be approximately NT$2.25.

The Future Electronics acquisition represents a transformational milestone, as it brings together two highly complementary business models and solidifies WT's position as a global electronics distributor with end-to-end service capabilities by leveraging the strengths and expertise of both organizations to offer even greater value to customers and suppliers. According to Gartner, a global professional research institution, market share of WT and Future on a combined basis is 12.2% in global semiconductor distribution market, ranking No.1 in 2023.

The post WT Microelectronics Announced Financial Results for the Second Quarter of 2024 appeared first on WT Microelectronics.

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For the outlook of the second quarter of 2024, including the contribution from Future Electronics, the mid-point guidance for consolidated revenue is expected to be approximately NT$243bn (US$7.52bn), up approximately 26% quarter-on-quarter and 107% year-on-year. The mid-point guidance for operating profit is expected to be approximately NT$4,263mn (US$132mn), up approximately 63% quarter-on-quarter and 109% year-on-year.

The post WT Microelectronics Announced Unaudited Monthly Sales for April 2024 Totaled Approximately NT$87.5bn or US$2,721mn, Setting a New Record for Monthly Revenue appeared first on WT Microelectronics.

WT completed the acquisition of Future Electronics on 2nd April 2024. This acquisition represents a transformational milestone, as it brings together two highly complementary business models and solidifies WT’s position as a global electronics distributor with end-to-end service capabilities by leveraging the strengths and expertise of both organizations to offer even greater value to customers and suppliers

For the outlook of the second quarter of 2024, based on the exchange rate assumption of one US dollar to 32.3 NT dollars, the mid-point consolidated revenue guidance is expected to be approximately NT$243bn (US$7.52bn), up approximately 107% year-on-year. The mid-point operating profit guidance is expected to be approximately NT$4,263mn (US$132mn), up approximately 109% year-on-year, the mid-point net profit after tax attributable to owners of the parent guidance is expected to be approximately NT$2,025mn (US$62.7mn), up approximately 191% year-on-year, and the mid-point EPS guidance (deducting preferred stock dividends) is expected to be approximately NT$1.59.

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