Teradyne Reports Fourth Quarter and Fiscal Year 2017 Results, Increases Capital Return Program

  • Full year 2017 sales up 22% from 2016
  • Universal Robots 2017 sales up 72% from 2016
  • Quarterly dividend increased 29% to $0.09 beginning Q1’18
  • Expect to repurchase $750 million in shares in 2018 as part of a new $1.5 billion share repurchase program
      
     Q4'17    Q4'16    Q3'17    FY 2017    FY 2016
Orders (mil)    $ 560    $ 628    $ 410     $ 2,026    $ 1,867
Revenue (mil)    $ 479    $ 380    $ 503     $ 2,137    $ 1,753
GAAP EPS    ($ 0.54 )    $ 0.33    $ 0.52     $ 1.28    ($ 0.21 )
Non-GAAP EPS    $ 0.46    $ 0.32    $ 0.54     $ 2.34    $ 1.51
                     

==========================================

NORTH READING, Mass., Jan. 24, 2018 (GLOBE NEWSWIRE) -- Teradyne, Inc. (NYSE:TER) reported revenue of $479 million for the fourth quarter of 2017 of which $317 million was in Semiconductor Test, $80 million in System Test, $54 million in Industrial Automation, and $28 million in Wireless Test. GAAP net loss for the fourth quarter was ($105.9) million or ($0.54) per share.  GAAP results include a $184 million discrete tax charge related to the impact of U.S. tax policy changes1.  On a non-GAAP basis, Teradyne’s net income in the fourth quarter was $91.4 million, or $0.46 per diluted share, which excluded acquired intangible asset amortization, pension actuarial gains, restructuring and other charges, non-cash convertible debt interest, discrete income tax adjustments, and included the related tax impact on non-GAAP adjustments.

Orders in the fourth quarter of 2017 were $560 million of which $410 million were in Semiconductor Test, $69 million in System Test, $56 million in Industrial Automation, and $24 million in Wireless Test.

"The fourth quarter capped off a great 2017 at Teradyne.  In Q4, Semi Test sales were up 17% compared to Q4 of 2016 and up 22% for the full year,” said CEO and President Mark Jagiela.  “Universal Robots Q4 sales grew 61% from Q4’16 and 72% for the full year driven by increased awareness of the economic advantages of our cobots for an expanded range of applications.  Overall, the total company grew 22% in sales and 55% in non-GAAP EPS in 2017."

1 | 2 | 3 | 4  Next Page »



Review Article Be the first to review this article
Aldec

Featured Video
Jobs
ASIC Hardware Engineer for BAE Systems Intelligence & Security at Arlington, VA
Principle Electronic Design Engr for Cypress Semiconductor at San Jose, CA
Senior Electrical Engineer for Allen & Shariff Corporation at Pittsburgh, PA
Design Verification Engineer for intersil at Morrisville, NC
Senior Formal FAE Location OPEN for EDA Careers at San Jose or Anywhere, CA
Upcoming Events
DVCon US 2018 at Double Tree Hotel San Jose CA - Feb 26 - 1, 2018
5th EAI International Conference on Big data and Cloud Computing Challenges at Vandalur, Kelambakkam high road chennai Tamil Nadu India - Mar 8 - 9, 2018
DATE '18: Design, Automation and Test in Europe at International Congress Center Dresden Ostra-Ufer 2 Dresden Germany - Mar 19 - 23, 2018



Internet Business Systems © 2018 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering TechJobsCafe - Technical Jobs and Resumes GISCafe - Geographical Information Services  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise