Amkor Technology Reports Financial Results for the Fourth Quarter and Full Year 2014

Record 2014 Sales $3.13 Billion

GAAP EPS $0.55, Non-GAAP EPS $0.88

TEMPE, Ariz. — (BUSINESS WIRE) — February 9, 2015 — Amkor Technology, Inc. (NASDAQ: AMKR), a leading provider of semiconductor packaging and test services, today announced financial results for the fourth quarter and full year ended December 31, 2014.

“We delivered a strong finish to the year with fourth quarter operating results well above the high end of our guidance," said Steve Kelley, Amkor's president and chief executive officer. "Driven by notable strength in mobile communications using our advanced packaging and test technologies, we saw record sales for the quarter and full year, and a substantial improvement in profitability. And over the last two years, net sales have grown 13% to more than $3.13 billion and our non-GAAP earnings per share have nearly doubled. These results demonstrate that our strategic initiatives are gaining traction, and we anticipate another year of sales and earnings growth in 2015."

                                                                                                       
GAAP Results                         Q4 2014                     Q3 2014                     Q4 2013                     2014                     2013
($ in millions, except per share amounts)
Net sales $853 $813 $755 $3,129 $2,956
Gross margin 14.1% 18.8% 19.9%

17.7%

18.4%
Net income $13 $47 $41 $130 $109

Earnings per diluted share

$0.06 $0.20 $0.18

 

$0.55 $0.50
                                                                                                       
Non-GAAP Results                         Q4 2014                     Q3 2014                     Q4 2013                     2014                     2013
($ in millions, except per share amounts)
Net sales $853 $813 $755 $3,129 $2,956
Gross margin 22.9% 18.8% 19.9% 20.1% 18.8%
Net income $90 $47 $41 $208 $119

Earnings per diluted share

$0.38 $0.20 $0.18 $0.88 $0.54

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