Fabrinet Stock Price, News & Analysis

Fabrinet (NYSE: FN) reported strong financial results for Q4 and fiscal year 2024, exceeding guidance. Q4 revenue reached $753.3 million, up from $655.9 million in Q4 2023. GAAP net income for Q4 2024 was $81.1 million, with earnings per diluted share at $2.22. For the full fiscal year 2024, revenue totaled $2.88 billion, compared to $2.65 billion in 2023. GAAP net income for FY 2024 was $296.2 million, with earnings per diluted share at $8.10.

The company's Board of Directors approved an expansion of its share repurchase program, authorizing an additional $139.5 million. For Q1 FY 2025, Fabrinet expects revenue between $760 million and $780 million, with GAAP net income per diluted share projected at $2.10 to $2.17.

Fabrinet (NYSE: FN), a leading provider of advanced optical packaging and precision manufacturing services, has announced its plans to release financial results for the fourth quarter and fiscal year 2024 on August 19, 2024, after market close. The company will hold a conference call and webcast at 5:00 p.m. EDT on the same day to discuss the results.

The financial period in question ended on June 28, 2024. Investors and interested parties can access the live call and replay through the company's investor relations website. A recorded version of the webcast will be available approximately two hours after the call and will be archived on Fabrinet's website for one year.

Fabrinet (NYSE: FN), a key player in optical packaging and manufacturing, has appointed Forbes Alexander to its Board of Directors, expanding the board to eight members. Alexander will join the Board’s Audit Committee and brings significant executive and financial expertise, having previously held leadership roles at Jabil (NYSE: JBL) and other technology firms. His extensive background includes positions in finance and board memberships at various high-profile companies. Both Tom Mitchell, Chairman, and Seamus Grady, CEO of Fabrinet, praised Alexander's EMS industry experience and financial acumen as valuable assets for the company's growth and leadership. Alexander expressed enthusiasm about contributing to Fabrinet's ongoing success and reputation in the EMS industry.

Fabrinet (NYSE: FN), a prominent provider of optical packaging and precision manufacturing services, announced its participation in the Rosenblatt Securities 4th Annual Technology Summit.

The company's management will present virtually on June 13, 2024, at 12:00 p.m. EDT (9:00 a.m. PDT). A live webcast and replay will be available on Fabrinet's investor relations website.

Fabrinet (NYSE: FN) will be presenting at the 52nd Annual J.P. Morgan Global Technology, Media and Communications Conference in Boston, MA. The presentation is scheduled for Monday, May 20, 2024, at 8:40 a.m. EDT. Investors can access a live webcast and replay on the company's investor website.

Fabrinet (NYSE: FN) announced record revenue and net income per share in its third fiscal quarter of 2024. The company exceeded its guidance ranges driven by strong datacom revenue and sequential growth in telecom revenue. The GAAP net income was $80.9 million, with a net income per diluted share of $2.21. Non-GAAP net income was $87.7 million, with a net income per diluted share of $2.39. Fabrinet provided a positive business outlook for the fourth fiscal quarter, expecting revenue in the range of $720 million to $740 million.