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
Featured Video
Jobs
Business Operations Planner for Global Foundaries at Santa Clara, California
Senior Staff Field Application Engineer for Global Foundaries at Santa Clara, California
Logic Design Engineer for Intel at Santa Clara, California
Test and Measurement System Architect for Xilinx at San Jose, California
Sr Engineer - RF/mmWave IC Design for Global Foundaries at Santa Clara, California
Staff SerDes Applications Design Engineer for Xilinx at San Jose, California
Upcoming Events
SEIA' 2021 at Palma de Mallorca Balearic Islands Spain - Sep 22 - 24, 2021
Strategic Materials Conference (SMC) 2021 at DoubleTree by Hilton san jose CA - Sep 27 - 29, 2021
Embedded Systems Week at Virtual Conference Virtual Conference - Oct 10 - 15, 2021
DVCon Europe 2021 at Germany - Oct 26 - 27, 2021



© 2021 Internet Business Systems, Inc.
670 Aberdeen Way, Milpitas, CA 95035
+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