Amkor Technology, Inc. Presents at Sidoti 19th Annual Small-Cap Equity Conference, Mar-17-2015 11:20 AM
Mar 5 15
Amkor Technology, Inc. Presents at Sidoti 19th Annual Small-Cap Equity Conference, Mar-17-2015 11:20 AM. Venue: The Grand Hyatt Hotel, New York City, New York, United States.
Amkor Technology, Inc. Presents at The Goldman Sachs Sixth Annual TMT Leveraged Finance Conference, Mar-11-2015 08:50 AM
Mar 5 15
Amkor Technology, Inc. Presents at The Goldman Sachs Sixth Annual TMT Leveraged Finance Conference, Mar-11-2015 08:50 AM. Venue: Goldman Sachs Conference Center, New York, New York, United States.
Amkor Technology Announces Senior Management Change
Feb 11 15
Amkor Technology, Inc. announced that Dr. ChoonHeung Lee has been appointed Executive Vice President for Worldwide Manufacturing Operations and President of Amkor Technology Korea, reporting to Steve Kelley, Amkor' s President and CEO. Dr. Lee succeeds JooHo Kim who is retiring at the end of this month after a long and distinguished career with the company. Choon is a seasoned senior executive with almost 20 years of service in significant leadership positions.
Amkor Technology Names Susan Kim to Board of Directors
Feb 11 15
Amkor Technology, Inc. announced that Susan Y. Kim has been appointed as a new member of the Company's Board of Directors. With this appointment, Amkor's Board has been expanded to ten members. Ms. Kim is a former Board Member of EB Games Corp. She is an active philanthropist who currently sits on the Board of Directors of the Catholic Foundation of Greater Philadelphia. In the past she has served on numerous
Boards of Directors including: The National Constitution Center, The Philadelphia Orchestra, The Franklin Institute, The GESU School, and The Shipley School.
Amkor Technology, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Earnings Guidance for the First Quarter and Full Year of 2015
Feb 9 15
Amkor Technology, Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company’s net sales were $853,113,000 compared to $754,875,000 in a year ago. Operating income was $39,968,000 against $74,554,000 a year ago. Income before taxes and equity in earnings of unconsolidated affiliate was $13,063,000 against $52,606,000 a year ago. Net income attributable to the company was $13,135,000 or $0.06 per share basic and diluted against $40,838,000 or $0.18 per share diluted a year ago. Non-GAAP net income was $90 million or $0.38 per share diluted.
For the year, the company’s net sales were $3,129,440,000 compared to $2,956,450,000 in a year ago. Operating income was $221,460,000 against $232,109,000 a year ago. Income before taxes and equity in earnings of unconsolidated affiliate was $136,078,000 against $123,987,000 a year ago. Net income attributable to the company was $130,386,000 or $0.55 per share diluted against $109,296,000 or $0.50 per share diluted a year ago. Net cash provided by operating activities was $613,909,000 against $557,536,000 a year ago. Payments for property, plant and equipment was $681,120,000 against $566,256,000 a year ago. Non-GAAP net income was $208 million or $0.88 per share diluted against $119 million or $0.54 per share diluted a year ago.
The company provided earnings guidance for the first quarter and full year of 2015. The company expects that first quarter 2015 revenues will be up 6% year-on-year and down 13% sequentially. Net sales expected to be $715 million to $765 million, down 10% to 16% from the prior quarter. Gross margin is expected to be 16% to 19%. Net income is expected to be $10 million to $34 million, or $0.04 to $0.14 per diluted share.
The company expects full year 2015 capital expenditures of around $600 million, including around $150 million of spending for new K5 factory and R&D center in Incheon, Korea.