Cohu Full Year 2024 Earnings: EPS Misses Expectations

Cohu (NASDAQ:COHU) Full Year 2024 Results

Key Financial Results

• Revenue: US$401.8m (down 37% from FY 2023).
• Net loss: US$69.8m (down by 348% from US$28.2m profit in FY 2023).
• US$1.49 loss per share (down from US$0.59 profit in FY 2023).

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

Cohu EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.7%.

The primary driver behind last 12 months revenue was the Rest of the World segment contributing a total revenue of US$139.5m (35% of total revenue). Notably, cost of sales worth US$222.0m amounted to 55% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$127.8m (51% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of US$2.07m. Explore how COHU's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Semiconductor industry in the US.

Performance of the American Semiconductor industry.

The company's share price is broadly unchanged from a week ago.

Balance Sheet Analysis

Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of Cohu's balance sheet and an in-depth analysis of the company's financial position.

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