Amkor Technology Reports Financial Results for the Third Quarter 2017

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
 

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