Himax Technologies Raises First Quarter Revenue, Gross Margin and EPS Guidance
05 April 2012 - 11:00AM
Himax Technologies, Inc. ("Himax" or "Company") (Nasdaq:HIMX) today
announced that it expects its first quarter revenues, gross margin
and EPS to exceed the Company's previously announced guidance on
February 13, 2012.
Himax is revising its first quarter revenue guidance to $166.7
million, exceeding its initial guidance which projected revenues to
decline by mid-single-digit percentage versus $169.2 million in the
fourth quarter of 2011. Gross margin is now expected to be around
22.9%, as compared to previous guidance of flat or down slightly
from the 22.1% in the fourth quarter 2011. GAAP EPS is now expected
to be around $0.066, as compared to initial guidance of $0.03 to
$0.04.
"First quarter is traditionally a low season, marked by fewer
business days. Our first quarter performance is a good indication
that our business has bottomed out from the trough of last year,"
commented Mr. Jordan Wu, President and Chief Executive Officer of
Himax Technologies. "Strong sales in our display driver business
and continued growth in our non-driver products contributed to
overall sales, margins and EPS exceeding prior projections. We
experienced robust growth across literally all product lines with
strong sale-through particularly into the China market. We continue
to hold the view that the first quarter is likely to be the bottom
of the year for our business and we remain excited about the growth
prospects of the second quarter."
The Company will provide additional details regarding its first
quarter 2012 results and second quarter guidance in early May.
About Himax Technologies, Inc.
Himax Technologies, Inc. (Nasdaq:HIMX) is a fabless
semiconductor solution provider dedicated to display imagine
processing technologies. Himax is a worldwide market leader in
display driver ICs and timing controllers used in TVs, laptops,
monitors, mobile phones, tablets, digital cameras, car navigation,
and many other consumer electronics devices. Additionally, Himax
designs and provides controllers for touch sensor displays, LCOS
micro-displays used in palm-size projectors and head-mount
displays, LED driver ICs, power management ICs, and chipsets for
TVs and monitors. The company also offers digital camera solutions,
including CMOS image sensors and wafer level optics, which are used
in a wide variety of applications such as mobile phone, tablet,
laptop, TV, PC camera, automobile, security and medical devices.
Founded in 2001 and headquartered in Tainan, Taiwan, Himax
currently employs 1,500 people from three Taiwan-based offices in
Tainan, Hsinchu and Taipei and country offices in China, Korea,
Japan and the US. With more than 1,200 patents in three continents
on its technologies, Himax has retained its position as the leading
display image processing semiconductor solution provider to
consumer electronics brands worldwide.
http://www.himax.com.tw
CONTACT: Company
Himax Technologies, Inc.
Jackie Chang, CFO
Himax Technologies, Inc.
Tel: 886-2-2370-3999 Ext.22300
Fax: 886-2-2314-0877
Email: jackie_chang@himax.com.tw
Penny Lin, Investor Relations
Himax Technologies, Inc.
Tel: 886-2-2370-3999 Ext.22320
Fax: 886-2-2314-0877
Email: penny_lin@himax.com.tw
www.himax.com.tw
Investor Relations
MZ North America
John Mattio, SVP
Tel: +1-212-301-7130
Email: john.mattio@mzgroup.us
www.mz-ir.com
Himax Technologies (NASDAQ:HIMX)
Historical Stock Chart
Von Sep 2024 bis Okt 2024
Himax Technologies (NASDAQ:HIMX)
Historical Stock Chart
Von Okt 2023 bis Okt 2024