Fabrinet Reports Earnings Results for the Second Quarter and Six Months Ended December 29, 2023
February 05, 2024 at 04:15 pm EST
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Fabrinet reported earnings results for the second quarter and six months ended December 29, 2023. For the second quarter, the company reported sales was USD 712.69 million compared to USD 668.66 million a year ago. Net income was USD 69.11 million compared to USD 63.16 million a year ago. Basic earnings per share from continuing operations was USD 1.9 compared to USD 1.73 a year ago. Diluted earnings per share from continuing operations was USD 1.89 compared to USD 1.71 a year ago.
For the six months, sales was USD 1,398.17 million compared to USD 1,324.09 million a year ago. Net income was USD 134.2 million compared to USD 127.77 million a year ago. Basic earnings per share from continuing operations was USD 3.7 compared to USD 3.5 a year ago. Diluted earnings per share from continuing operations was USD 3.67 compared to USD 3.47 a year ago.
Fabrinet is a provider of advanced optical packaging and precision optical, electro-mechanical, and electronic manufacturing services to original equipment manufacturers of complex products. The complex products include optical communication components, modules and subsystems, automotive components, medical devices, industrial lasers, and sensors. The Company offers a range of advanced optical and electro-mechanical capabilities across the entire manufacturing process, including process design and engineering, supply chain management, manufacturing, advanced packaging, integration, final assembly, and testing. It focuses on production of high complexity products in any mix and any volume. The Company also designs and fabricates application-specific crystals, lenses, prisms, mirrors, laser components and substrates (customized optics) and other custom and standard borosilicate, clear fused quartz, and synthetic fused silica glass products (customized glass).
FABRINET 
