amkor technology inc (AMKR) Key Developments
Amkor Technology Seeks Acquisitions
Jun 4 15
Greg Johnson, Senior Director-Finance and IR of Amkor Technology, Inc. (NasdaqGS:AMKR) said, "We will make select acquisitions and investments when the opportunity presents itself."
Amkor Technology, Inc. Presents at Morgan Stanley Leveraged Finance Conference, Jun-04-2015 03:30 PM
May 28 15
Amkor Technology, Inc. Presents at Morgan Stanley Leveraged Finance Conference, Jun-04-2015 03:30 PM. Venue: The Roosevelt Hotel, New Orleans, Louisiana, United States. Speakers: Greg Johnson, Senior Director of Investor Relations & Corporate Communications.
Amkor Technology, Inc. Presents at Barclays High Yield Bond and Syndicated Loan Conference, Jun-12-2015 08:50 AM
May 22 15
Amkor Technology, Inc. Presents at Barclays High Yield Bond and Syndicated Loan Conference, Jun-12-2015 08:50 AM. Venue: The Broadmoor Hotel, 1 Lake Avenue, Colorado Springs, Colorado, United States. Speakers: Greg Johnson, Senior Director of Investor Relations & Corporate Communications.
Amkor Technology Announces Notice of Full Redemption of 7.375% Senior Notes Due 2018
May 20 15
Amkor Technology, Inc. announced that it has issued a notice for the redemption of all $345.0 million aggregate principal amount of the company's outstanding 7.375% Senior Notes due 2018 to be effected on June 19, 2015. In accordance with the terms of the indenture governing the Notes, the redemption price will be 101.844% of the principal amount of the Notes, or $1,018.44 per $1,000.00 principal amount thereof, paid in cash. In addition, the company will pay accrued and unpaid interest on the Notes to, but excluding, the redemption date. Upon completion of the redemption, no Notes will remain outstanding. The company plans to fund the redemption of the Notes with borrowings under the Company's credit facilities and cash on hand.
Amkor Technology, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Second Quarter of 2015 and Capital Expenditure Guidance for the Year 2015
Apr 27 15
Amkor Technology, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net sales of $742,875,000 against $696,044,000 a year ago. Operating income was $53,979,000 against $45,351,000 a year ago. Income before taxes and equity in earnings of unconsolidated affiliate was $29,458,000 against $20,351,000 a year ago. Net income attributable to the company was $28,781,000 or $0.12 per basic and diluted share against $20,633,000 or $0.09 per basic and diluted share a year ago. Net cash provided by operating activities was $165,024,000 against $131,946,000 a year ago. Payments for property, plant and equipment was $106,149,000 against $95,999,000 a year ago.
For the second quarter of 2015, the company anticipates that second quarter 2015 revenues will be flat sequentially, primarily due to inventory adjustments and other issues at a major customer. The company expects demand will strengthen in the second half of 2015 driven by the launch of mobile devices with high Amkor content. The company expects net sales of $725 million to $775 million, down 2% to up 4% from the prior quarter. Gross margin expects to be 16% to 19%. Net income to be $12 million to $35 million, or $0.05 to $0.15 per diluted share.
For the full year 2015, the company’s capital expenditure estimate of around $600 million, including around $150 million of spending for new K5 facility, remains unchanged.