Third Quarter Highlights
- Third quarter net sales $1,144 million, up 7% sequentially
- Net Income $57 million, earnings per diluted share $0.24
- EBITDA $235 million, up 13% sequentially
- Completed debt refinancing, reducing interest expense by $11 million annually
TEMPE, Ariz. — (BUSINESS WIRE) — October 29, 2018 — Amkor Technology, Inc. (NASDAQ: AMKR), a leading provider of semiconductor packaging and test services, today announced financial results for the third quarter ended September 30, 2018.
"Third quarter revenue grew 7% sequentially, reflecting strength in mobile communications," said Steve Kelley, Amkor's CEO.
| Results | Q3 2018 | Q2 2018 | Q3 2017 | |||
| ($ in millions, except per share data) | ||||||
| Net sales | $1,144 | $1,066 | $1,149 | |||
| Gross margin | 17.5% | 15.9% | 19.5% | |||
| Net income attributable to Amkor | $57 | $33 | $59 | |||
| Earnings per diluted share | $0.24 | $0.14 | $0.25 | |||
| EBITDA 1 | $235 | $208 | $251 | |||
