Welcome to our dedicated page for Asm Internationl news (Ticker: ASMIY), a resource for investors and traders seeking the latest updates and insights on Asm Internationl stock.
ASM International N.V. reports developments for a semiconductor equipment company that designs and manufactures wafer-processing equipment and process solutions for semiconductor device production. News commonly covers quarterly and annual results, order and revenue trends, margin performance, and customer-segment demand across logic/foundry, memory, and other end markets.
Company updates also include annual reports, Annual General Meeting materials and voting results, Supervisory Board matters, conference calls, and product-portfolio developments such as chemical mechanical polishing equipment added through Axus Technology. ASM operates through subsidiaries with facilities in the United States, Europe, and Asia, and its common stock trades on Euronext Amsterdam under ASM; ASMIY represents New York Registry Shares.
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ASM International N.V. reported strong Q1 2023 results, with revenues reaching €710 million, a 40% year-over-year increase at constant currencies. However, new orders dropped to €647 million, reflecting a 6% decline due to softening market conditions. The normalized gross profit margin improved to 51.1%, while the normalized operating result rose to €221 million. Net earnings for the quarter were €380.4 million, boosted by a non-cash reversal of €215 million related to ASMPT stake impairment. Despite positive growth, the company anticipates a decrease in sales for the second half of 2023 by at least 10% compared to the first half. Overall, ASM expects a single-digit revenue growth for the full year, amidst a declining wafer equipment market.
ASM International N.V. has announced that it will report its first quarter 2023 financial results on April 25, 2023, at approximately 6:00 p.m. CET.
The company will host a quarterly earnings conference call and webcast on April 26, 2023, at 3:00 p.m. CET. Participants are encouraged to pre-register to receive access details.
ASM International specializes in designing and manufacturing equipment and solutions for semiconductor device production, with a presence in the United States, Europe, and Asia. Its stock is traded on the Euronext Amsterdam under the symbol ASMIY.