Applied Materials’ Q4 net profit grows 58% Y/Y

Nov 17, 2014 - US company Applied Materials Inc (NASDAQ:AMAT) boosted its net profit for its fourth fiscal quarter through October 26 by 58% on the year to USD 290 million (EUR 231m), it said Friday.

On a non-GAAP basis, Applied Materials' adjusted net profit amounted to USD 338 million, or USD 0.27 per diluted share.

Applied Materials offers equipment, services and software to producers of advanced semiconductors and flat panel displays as well as solar photovoltaics (PVs). In June, the company approved its planned merger with Japan’s Tokyo Electron Ltd (TYO:8035).

The US firm’s operating profit jumped by 95% to USD 412 million. Revenues in the three months remained unchanged in quarterly terms but climbed by 14% year-over-year to USD 2.26 billion. In the energy and environmental solutions (EES) division, however, sales declined to USD 48 million from USD 40 million a year back.

The company booked orders of USD 44 million in the quarter.

Applied Materials closed its fiscal year 2013/2014 with a GAAP net profit of USD 1.11 billion, up from USD 256 million a year back, as sales improved by 21% to USD 9.07 billion.

Looking ahead, the company expects to book non-GAAP adjusted earnings per share of between USD 0.25 and USD 0.29 in the first quarter of fiscal 2014/15. Revenues are seen growing by 0% to 5% over the fourth-quarter result.

(USD 1.0 = EUR 0.797)

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