Q3 2024 Chroma ATE Inc Earnings Call Transcript
Key Points
- Chroma Ate Inc (TPE:2360) reported a 16% year-over-year growth in sales revenue for the third quarter, reaching NT$5.6 billion.
- The company's automation sales saw a significant increase, with a 133% growth compared to the previous year.
- Gross margin improved by 20% year-over-year, maintaining a strong 59% margin.
- The semiconductor and photonics sectors showed robust performance, with a 70% increase compared to 2023.
- Chroma Ate Inc (TPE:2360) has been qualified as the sole supplier for new capacity in metrology equipment, indicating strong customer trust and future growth potential.
- The ATS sector experienced a decline, down 11% compared to last year and 22% for the first three quarters.
- The power business is expected to decline further in the fourth quarter, following a 22% drop in the first three quarters.
- Inventory levels have increased, which could indicate potential inefficiencies or slower sales in certain segments.
- Long-term debt is accumulating due to capital expenses for factory expansion, which could impact financial flexibility.
- The company faces challenges in the EV and ESS markets due to low capital expenditure sentiment, affecting growth in these areas.
On to Chroma's 2024 3rd quarter earnings conference call. All lines have been placed on mute to prevent background noise. After the presentation, there will be a question and answer session. Please follow the instructions given at the time. If you would like to ask the question for your information, a webcast replay will be available within an hour after the conference is finished. Please visit www dot chroma dotcom dot tw slash investor slash index under the investor relations section.
And now I would like to introduce the CFO Paul Ying. Mr Ying. Please begin.
Thank you, Jason. Hi everyone, ladies and gentlemen, this is Paul Ying from Chroma and Jennifer Chien is with me today. Welcome to the 2024 third quarter financial release meeting.
I, well, first of all, I will thank you for your attendance to this meeting. Simply because this is a, this is a public holiday for the for the typhoon and outside of the window
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
