ASM International First Quarter 2024 Earnings: Beats Expectations

ASM International (AMS:ASM) First Quarter 2024 Results

Key Financial Results

• Revenue: €639.0m (down 10.0% from 1Q 2023).
• Net income: €173.1m (down 55% from 1Q 2023).
• Profit margin: 27% (down from 54% in 1Q 2023). The decrease in margin was primarily driven by higher expenses.
• EPS: €3.52 (down from €7.71 in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

ASM International Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 29%.

Looking ahead, revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Semiconductor industry in Europe.

Performance of the market in the Netherlands.

The company's shares are up 1.7% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for ASM International that you need to take into consideration.

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