Brief: Himax Technologies, Inc. Reports First Quarter 2022 Financial Results Provides Second Quarter 2022 Guidance

Himax Technologies

12/05/2022 11:29

May 12 (Reuters) - Himax Technologies Inc  HIMX.O :
    * HIMAX TECHNOLOGIES, INC. REPORTS FIRST QUARTER 2022
FINANCIAL
RESULTS; PROVIDES SECOND QUARTER 2022 GUIDANCE
    * Q1 2022 REVENUES WAS $412.8M, A DECREASE OF 8.6% QOQ BUT
UP
33.6% YOY
    * QTRLY NET REVENUES OF $412.8 MILLION DECREASED 8.6%
SEQUENTIALLY
    * ANTICIPATES Q2 SALES TO BE LOW POINT OF THIS YEAR
    * FOR FULL YEAR, DESPITE MURKY SHORT-TERM MARKET CONDITION,
COMPANY REMAINS UPBEAT ABOUT ITS TOP LINE FOR 2022
    * QTRLY DILUTED EARNINGS PER ADS ATTRIBUTABLE TO HIMAX
TECHNOLOGIES, INC. STOCKHOLDERS$0.663
    * EXPECTS ITS 2022 FULL YEAR SALES TO STAY AT APPROXIMATELY
SAME
HIGH LEVEL OF 2021
    * COMPANY Q2 2022 GUIDANCE: REVENUES TO DECREASE 16% TO 20%
QOQ
    * FY2022 REVENUE VIEW $1.71 BILLION -- REFINITIV IBES DATA
    * SEES Q2 NON-IFRS PROFIT PER DILUTED ADS TO BE AROUND 45.0
CENTS
TO 50.0 CENTS

Source text for Eikon:  ID:nGNX3vh93y 
Further company coverage:  HIMX.O 

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