Himax Technologies (HIMX) Tops Q4 EPS by 0c; Offers Business Update
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Himax Technologies, Inc. Reports Fourth Quarter and Full Year 2014 Financial Results and Provides First Quarter 2015 Guidance
February 12, 2015 4:59 AM ESTTotal Sales for the quarter increased 2.2% sequentially and 16.4% year-over-year to $227.2 million, the highest quarterly revenue since Q4 2008. Full year 2014 revenues increased 9.1% year-over-year to $840.5 million. Compared to the Q4 2013, large-sized panel driver sales increased 39.9%, the fourth quarter in a row that it enjoyed sequential growth. Small and medium-sized panel driver sales increased 1.7%, achieving record high quarterly revenue. Non-driver sales increased 32.1%. Gross margin for the quarter increased 20 bps to 24.7% from Q3 2014, exceeding Q4 2014 guidance. Q4 2014 GAAP net income was $15.6 million, or 9.1 cents per diluted ADS. GAAP net income... More
