Himax Technologies, Inc. Announces Preliminary Q2 2012 Results
09 Juli 2012 - 2:00PM
Himax Technologies, Inc. ("Himax" or "Company") (Nasdaq:HIMX), a
leading supplier and fabless manufacturer of display drivers and
other semiconductor products, today announced preliminary results
for the three months ended June 30, 2012. The Company expects to
report revenues of $189.5 million, a 13.7% increase sequentially,
from the $166.7 million posted in the first quarter of 2012, and an
18.0% increase versus $160.6 million from the same period last
year. Himax expects to meet its second quarter guidance with gross
margin of approximately 23.1% and GAAP earnings per diluted ADS to
be $0.089. The preliminary second quarter EPS represents a 34.7%
increase quarter-over-quarter and a 342.5% increase year-over-year.
Himax's second quarter guidance provided on May 8, 2012 had
forecasted revenues to increase by 15-20% quarter over quarter,
gross margin to remain flat or slightly up from 22.9% in the first
quarter of 2012 and GAAP earnings per diluted ADS to be in the
range of $0.08-$0.10. While smartphone applications remain one of
the Company's fastest growing segments in the second quarter, some
smartphone orders got pushed back to the third quarter, resulting
in the Company's overall Q2 sales being slightly below its
previously forecasted revenues.
"Our preliminary results for the second quarter reflect further
progress in the Company's strategic goals of achieving more
balanced sales from various product lines and a more diversified
customer base," commented Jordan Wu, President and Chief Executive
Officer of the company. "This positive shift in product mix
contributed to our improved sales, gross margin and EPS. On the
back of a strong first half, we are confident that we will see
strong top and bottom line growth from last year during the second
half of 2012."
The Company will announce its complete second quarter 2012
results in early August.
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 1,400 people from three Taiwan-based offices in
Tainan, Hsinchu and Taipei and country offices in China, Korea,
Japan and the US. With more than 1,300 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
Forward Looking Statements
Factors that could cause actual events or results to differ
materially include, but not limited to, general business and
economic conditions and the state of the semiconductor industry;
market acceptance and competitiveness of the driver and non-driver
products developed by the Company; demand for end-use applications
products; reliance on a small group of principal customers; the
uncertainty of continued success in technological innovations; our
ability to develop and protect our intellectual property; pricing
pressures including declines in average selling prices; changes in
customer order patterns; changes in estimated full-year effective
tax rate; shortages in supply of key components; changes in
environmental laws and regulations; exchange rate fluctuations;
regulatory approvals for further investments in our subsidiaries;
our ability to collect accounts receivable and manage inventory;
the uncertainty of success in our Taiwan listing plan which is
still under review by Taiwan regulatory authorities and subject to
change due to, among other things, changes in either Taiwan or U.S.
authorities' policies and Taiwan regulatory authorities' acceptance
of the Company's Taiwan listing application and other risks
described from time to time in the Company's SEC filings, including
those risks identified in the section entitled "Risk Factors" in
its Form 20-F for the year ended December 31, 2011 filed with the
SEC, as may be amended.
CONTACT: 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
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