WT Microelectronics (3036 TT) (“WT”) held its online investor conference today to update on the financial results of the first quarter of 2024 and provide business outlook. Unaudited consolidated revenue for the first quarter of 2024 was approximately NT$192.6bn (US$6.13bn), up 2% quarter-on-quarter and 60% year-on-year. Operating profit was approximately NT$2,611mn (US$83.1mn), up 36% quarter-on-quarter and 32% year-on-year. Net profit after tax attributable to owners of the parent was approximately NT$1,590mn (US$50.6mn), and EPS was approximately NT$1.57 based on the weighted average outstanding shares.
(more…)
WT Microelectronics Co., Ltd. (3036 TT) (“WT” or the “Company”) has successfully priced its GDSs offering of approximately US$341 million on April 9, 2024. A total of 17 million GDSs, representing 85 million common shares of WT, will be listed on the Luxembourg Stock Exchange.
This is the second GDSs offering that WT has completed in the last two years, demonstrating the ongoing interest and focus from the international capital markets toward the Company. In addition, the transaction has captured the favorable market condition as well as robust share price performance since WT’s acquisition of Future Electronics, which was announced in September 2023 and completed in April 2024. As a result of the transformational acquisition, WT has become a truly global electronic components distributor with end-to-end capabilities and a diversified geographic presence across Asia Pacific, the Americas and EMEA, enabling the Company to offer the highest level of services to suppliers and customers globally.
(more…)
Electronics component distributor WT Microelectronics (3036 TT) today announced its unaudited monthly sales for March 2024 totaled approximately NT$67.1 billion (US$2,118 million), an increase of approximately 29% from February 2024 and an increase of approximately 72% over March 2023.
Aggregated sales for the first quarter of 2024 totaled approximately NT$192.7 billion (US$6,130 million), an increase of approximately 60% compared to the same period in 2023, setting a new record for quarterly revenue and exceeding the high end of guidance (NT$165 billion ~ NT$175 billion), mainly driven by the strong shipment of datacenter and server related products. WT continues to invest in end applications and related products with high growth potential to achieve above-market growth.
TAIPEI, Taiwan and MONTREAL, Canada, April 2, 2024 – WT Microelectronics Co., Ltd. (TAIEX: 3036) (“WT Microelectronics”) today announced that it has successfully completed its acquisition of Future Electronics Inc. (“Future Electronics”) for an enterprise value of US$3.8 billion.
WT Microelectronics and Future Electronics are now joining forces in creating a global electronic components distribution powerhouse, dual-headquartered in Taipei and Montreal that will deliver long-term, sustainable value to all stakeholders. This acquisition represents a transformational milestone, as it brings together two highly complementary business models and solidifies WT Microelectronics’ position as a global electronics distributor with end-to-end service capabilities by leveraging the strengths and expertise of both organizations to offer even greater value to customers and suppliers.
WT Microelectronics (3036 TT) today announced its unaudited monthly sales for February 2024 totaled approximately NT$51.9 billion (US$1,649 million), a decrease of approximately 30% from January 2024 and an increase of approximately 62% over February 2023. Aggregated sales for January to February 2024 totaled approximately NT$125.6 billion (US$4,013 million), an increase of approximately 55% compared with the same period in 2023.
WT Microelectronics (3036 TT) today announced its unaudited monthly sales for January 2024 totaled approximately NT$73.7 billion (US$2,364 million), an increase of approximately 25% from December 2023 and an increase of approximately 50% over January 2023.
WT Microelectronics (3036 TT) (“WT”) held the online investor conference today to update the financial results of the fourth quarter of 2023 and business outlook. Unaudited consolidated revenue for the fourth quarter of 2023 was approximately NT$189.7bn (US$6.0bn), up 13% quarter-on-quarter and 20% year-on-year, operating profit was approximately NT$1,917mn (US$60.5mn), net profit after tax attributable to owners of the parent was approximately NT$1,044mn (US$33mn), and EPS was approximately NT$1.18 based on the weighted average outstanding shares. Unaudited consolidated revenue for the year of 2023 was approximately NT$594.5bn (US$19.1bn), up 4% year-on-year, operating profit was approximately NT$8.2bn (US$263.2mn), net profit after tax attributable to owners of the parent was approximately NT$4.01bn (US$128.8mn), and EPS was approximately NT$4.24 based on the weighted average outstanding shares.
For the outlook of the first quarter of 2024, based on the exchange rate assumption of one US dollar to 31.1 NT dollars, the mid-point consolidated revenue guidance is expected to be approximately NT$170bn (US$5.47bn), up approximately 42% year-on-year. The mid-point net profit after tax attributable to owners of the parent guidance is expected to be approximately NT$1,500mn (US$48.2mn) and the mid-point EPS guidance is expected to be approximately NT$1.5.
After experiencing a demand slowdown and inventory adjustments for the semiconductor market in 2023, the global professional institution Gartner expects the semiconductor market to resume growth in 2024, forecasting a 9.4% CAGR from 2023 to 2027. WT continues investing in applications and products with high growth potential to achieve above-market growth and market share expansion. WT focuses on promoting clean technology products such as green energy, energy storage, and high energy efficiency solutions, and is committed to the goal of achieving net-zero carbon emissions by 2050. We value corporate sustainability and target long-term, sustainable growth.
WT Microelectronics (3036 TT) today announced its unaudited monthly sales for December 2023 totaled approximately NT$58.8 billion (US$1,881 million), a decrease of approximately 7% from November 2023 and an increase of approximately 4% over December 2022. Sales for the fourth quarter of 2023 reached approximately NT$189.7 billion (US$5,991 million), an increase of approximately 13% from the third quarter of 2023 and an increase of approximately 20% over the fourth quarter of 2022, setting a new record for quarterly revenue, exceeding the high end of guidance (NT$170 billion ~ NT$180 billion). Aggregated sales for 2023 reached a record high of approximately $594.5 billion (US$19.1 billion), an increase of approximately 4% compared with the 2022 period.
WT Microelectronics (3036 TT) today announced its monthly sales for November 2023 totaled NT$63.3 billion (US$1,990 million approximately), a decrease of 6% from October 2023 and an increase of 47% over November 2022. Aggregated sales for January to November 2023 totaled NT$535.7 billion (US$17.2 billion approximately), up 4% compared with the same period in 2022.
WT Microelectronics (3036 TT) today announced its monthly sales for October 2023 totaled NT$67.6 billion (US$2,120 million approximately), set new record for monthly revenue, an increase of 8% from September 2023 and an increase of 18% over October 2022. Aggregated sales for January to October 2023 totaled NT$472.5 billion (US$15.21 billion approximately), flat compared with the same period in 2022.
