Picture of Asia Pacific Wire & Cable logo

APWC Asia Pacific Wire & Cable News Story

0.000.00%
us flag iconLast trade - 00:00
IndustrialsAdventurousMicro CapContrarian

Taiwan's Asia Pacific Wire & Cable Q1 revenue rises on commodity trends

Overview

Taiwan wire and cable maker's Q1 revenue rose 30% yr/yr, driven by commodity trends and projects

Q1 EPS increased 171% yr/yr as gross margin expanded on product mix, higher copper prices

Company completed rights offering, raising $34.1 mln and boosting cash position

Outlook

Company did not provide specific guidance for the current quarter or full year in its press release

Result Drivers

COMMODITY TRENDS - Co said favorable commodity trends, especially copper price appreciation, contributed to revenue growth

PRODUCT MIX - Co attributed gross margin expansion to a more favorable product mix and rising copper prices

PUBLIC-SECTOR ORDERS - Thailand segment revenue rose on strong execution of public-sector orders, supported by copper price gains

Company press release: ID:nGNX6SNbSr

Key Details

MetricBeat/MissActualConsensus Estimate
Q1 Revenue$130.8 mln
Q1 EPS$0.05
Q1 Operating Profit$3.3 mln
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Recent news on Asia Pacific Wire & Cable

See all news