Himax Technologies, Inc. Provides Fourth Quarter and Full Year 2012 Financial Guidance
08 November 2012 - 11:00AM
Himax Technologies, Inc. (Nasdaq:HIMX) ("Himax" or "Company"), a
leading supplier and fabless manufacturer of display drivers and
other semiconductor products, today issued financial forecasts for
the fourth quarter and full-year ending December 31, 2012.
Based on information available to the Company as of November 8,
2012, Himax is projecting the following for the three months ending
December 31, 2012:
Net Revenues: |
To be around flat or slightly down, as
compared to the third quarter of 2012 |
Gross Margin: |
To be around flat from the third quarter of
2012, depending upon final product mix |
GAAP EPS: |
7.0 to 8.5 cents per diluted ADS, as compared
to 2.1 cents of the same period 2011 |
Non GAAP EPS (2): |
7.6 to 9.1 cents per diluted ADS, as compared
to 2.5 cents of the same period 2011 |
And for the full Year 2012:
Net Revenues: |
To be around $737.1 million, up around 16.4%
year-over-year |
Gross Margin: |
To be around 23.1%, as compared to 19.8% of
2011 |
GAAP EPS (1): |
28.6 to 30.1 cents per diluted ADS, as
compared to 6.1 cents of 2011 |
Non GAAP EPS (2): |
33.7 to 35.2 cents per diluted ADS, as
compared to 10.3 cents of 2011 |
(1) GAAP earnings per diluted ADS guidance includes Himax's 2012
grant of restricted share units, or RSUs, at the end of September
2012
(2) Non-GAAP EPS excludes share-based compensation and
acquisition-related charges
About Himax Technologies, Inc.
Himax Technologies, Inc. (HIMX) is a fabless semiconductor
solution provider dedicated to display imaging 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-mounted displays, LED driver
ICs, power management ICs, scaler products for monitors and
projectors, tailor-made video processing IC solutions and silicon
IPs. 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. Himax
has 1,657 patents granted and 1,504 patents pending approval
worldwide as of September 30, 2012. Himax has retained its position
as the leading display imaging 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: For the Company
Jackie Chang, CFO
Himax Technologies, Inc.
Tel: 886-2-2370-3999 Ext.22300
Fax: 886-2-2314-0877
Email: jackie_chang@himax.com.tw
www.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 - US Representative
MZ North America
John Mattio, SVP
Tel: +1-212-301-7130
Email: john.mattio@mzgroup.us
www.mz-ir.com
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