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Stock impact report

Himax Technologies, Inc. Reports First Quarter 2024 Financial Results; Provides Second Quarter 2024 Guidance [Yahoo! Finance]

Himax Technologies, Inc. - American depositary shares, each of which represents two ordinary shares. (HIMX) 
Last himax technologies, inc. - american depositary shares, each of which represents two ordinary shares. earnings: 2/13 05:30 am Check Earnings Report
US:NASDAQ Investor Relations: himax.com.tw/investors
Company Research Source: Yahoo! Finance
Gross Margin is Expected to be 31.5% to 33.5%, Profit per diluted ADS to be 13.0 Cents to 17.0 Cents Q1 2024 revenues were $207.6M, a decrease of 8.8% QoQ, exceeding the guidance range of a 9% to 16% decline QoQ. Q1 GM reached 29.3%, outperforming guidance of around 28.5% Q1 2024 after-tax profit was $12.5M, or 7.1 cents per diluted ADS, surpassing the guidance range of 2.0 cents to 5.0 cents Company's Q2 2024 revenues to increase 8% to 13% QoQ. GM to be in the range of 31.5% to 33.5%, a notable increase from 29.3% in Q1, primarily because of higher sales from automotive and Tcon businesses, both of which enjoy better gross margin than corporate average. Profit per diluted ADS to be in the range of 13.0 cents to 17.0 cents Company announced an annual cash dividend of 29.0 cents per ADS, payable on July 12, 2024, with a payout ratio of 100% of the previous year's profit Company believes Q1 sales to be the low point of the year; Q2 sales to pick up, especially in automotive. Show less Read more
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