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LONDON, UK / ACCESSWIRE / December 28, 2017 / Active-Investors.com has just released a free earnings report on Applied Materials, Inc. (NASDAQ: AMAT). If you want access to this report all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/'symbol=AMAT. The Company reported its fourth quarter and fiscal 2017 operating results on November 16, 2017. The world's largest supplier of tools used to make semiconductors outperformed top- and bottom-line expectations. Register today and get access to over 1000 Free Research Reports by joining our site below:
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Active-Investors.com is currently working on the research report for Xcerra Corporation (NASDAQ: XCRA), which also belongs to the Technology sector as the Company Applied Materials. Do not miss out and become a member today for free to access this upcoming report at:
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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Applied Materials most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:
www.active-investors.com/registration-sg/'symbol=AMAT
Earnings Highlights and Summary
For the fourth quarter ended October 29, 2017, Applied Materials' net sales surged 20% to a record $3.97 billion compared to revenue of $3.30 billion in Q4 FY16. The Company's revenue numbers exceeded analysts' expectations of $3.93 billion.
For FY17, Applied Materials' net sales advanced 34% to $14.54 billion compared to $14.83 billion in FY16.
On a GAAP basis, Applied Materials reported a gross margin of 45.0% for Q4 FY17 versus 42.4% in Q4 FY16. On a non-GAAP adjusted basis, the Company's gross margin increased by 2.5 points to 46.2%. Applied Materials posted an operating income of $1.10 billion for the reported quarter versus $777 million in Q4 FY16. On a non-GAAP basis, the Company's operating income surged 37% to $1.14 billion on a y-o-y basis, or 28.7% of net sales.
For Q4 FY17, Applied Materials' net income totaled $982 million, or a record $0.91 per diluted share, compared to a net income of $610 million, or $0.56 per diluted share, in Q4 FY16. On a non-GAAP basis, the Company's earnings per share (EPS) soared 41% to $0.93, and was ahead of Wall Street's estimates of $0.91.
For FY17, Applied Materials recorded a GAAP EPS of $3.17, up 106% compared to $1.54 per share in FY16. On a non-GAAP adjusted basis, the Company's EPS advanced 86% to $3.25.
Cash Matters
During FY17, Applied Materials generated $3.61 billion in cash from operations; paid dividends of $430 million; and used $1.17 billion to repurchase 28 million shares of common stock at an average price of $42.08.
For Q4 FY17, Applied Materials paid cash dividends of $107 million, and used $385 million to repurchase 8 million shares of common stock at an average price of $48.65.
Backlog
In 2017, Applied Materials generated record orders of $16.1 billion, and ended the year with a record backlog of over $6 billion and a book-to-bill ratio of 1.11. The Company had a backlog of $3 billion in the Semiconductor division, $1.1 billion of backlog in the Services division, and $1.85 billion of backlog in the Display division.
Business Outlook
For Q1 FY18, Applied Materials is forecasting net sales to be in the range of $4.00 billion to $4.20 billion; the midpoint of the range would be an increase of approximately 25% on a y-o-y basis. The Company is projecting non-GAAP adjusted diluted EPS to be in the band of $0.94 to $1.02; the midpoint of the range would be an increase of approximately 46% on a y-o-y basis.
Stock Performance Snapshot
December 27, 2017 - At Wednesday's closing bell, Applied Materials' stock rose 1.23%, ending the trading session at $51.68.
Volume traded for the day: 5.96 million shares.
Stock performance in the last three-month - up 5.81%; previous six-month period - up 21.06%; past twelve-month period - up 55.06%; and year-to-date - up 60.15%
After yesterday's close, Applied Materials' market cap was at $54.94 billion.
Price to Earnings (P/E) ratio was at 16.29.
The stock has a dividend yield of 0.77%.
The stock is part of the Technology sector, categorized under the Semiconductor Equipment & Materials industry. This sector was up 0.1% at the end of the session.
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