LONDON, UK / ACCESSWIRE / January 22, 2018 / Active-Investors.com has just released a free earnings report on ASML Holding N.V. (NASDAQ: ASML). 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=ASML. The Company posted its financial results for the fourth quarter fiscal 2017 (Q4 FY17) and full year 2017 (FY17) on January 17, 2018. The Veldhoven, Netherlands-based Company's quarterly total net sales and net income increased on a year-over-year basis. Register today and get access to over 1,000 Free Research Reports by joining our site below:
Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, ASML Holding 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:
Earnings Highlights and Summary
In Q4 FY17, ASML's total net sales grew to €2.56 billion from €1.91 billion in Q4 FY16. The Company's net system sales rose to €1.95 billion in the reported quarter from €1.29 billion in Q4 FY16. Furthermore, net service and field option sales was €605.5 million in Q4 FY17 compared to €618.3 million in last year's comparable quarter.
The Company reported net income of €713.9 million in Q4 FY17 compared to €530.2 million in Q4 FY16. The Company's earnings per basic share was €1.50 in in the reported quarter.
For full year FY17, ASML's total net sales were €9.05 billion compared to €6.80 billion reported in FY16. The Company reported net income of €2.23 billion in FY1, compared to €1.56 billion in FY16. Additionally, net income per basic share in the year ended December 31, 2017, stood at €4.93 versus €4.93 in the last year.
During Q4 FY17, ASML's total cost of sales came in at €1.48 billion versus €1.08 billion in Q4 FY16. The Company's gross profit was €1.08 billion in Q4 FY17 compared to €829.3 million in previous year's same quarter. The Company incurred selling, general, and administrative (SG&A) costs of €112.6 million in Q4 FY17 versus €106.8 million in Q4 FY16. Research and development (R&D) costs in the reported quarter amounted to €229.2 million in Q4 FY17, up from €191.4 million in Q4 FY16. In the reported quarter, operating income increased to €766.0 million from €554.6 million in Q4 FY16. Furthermore, income before taxes during Q4 FY17 came in at €730.6 million compared to €530.2 million in the previous year's corresponding quarter.
Cash Flow & Balance Sheet
During the year ended December 31, 2017, ASML's operating activities provided net cash of €1.13 billion compared to €1.29 billion in in the year ago same period. The Company had cash and cash equivalents balance of €2.26 billion as on December 31, 2017, compared to €2.91 billion at the close of books on December 31, 2016. Furthermore, the Company's long-term debt decreased to €3.00 billion as on December 31, 2017, from €3.07 billion as on December 31, 2016.
Dividend and Share Repurchase
In its earnings press release, ASML stated that it will submit a proposal for a 17% increase in dividend to €1.40 per share for the 2018 Annual General Meeting of Shareholders.
The Company also announced a new share buyback program of up to €2.5 billion starting from January 18, 2018, and this will be executed within the 2018-2019 time-frame.
In its guidance for Q1 FY18, ASML's management expects net sales to be approximately €2.2 billion. Meanwhile, the Company projects gross margin for the upcoming quarter to be between 47% and 48%.
Stock Performance Snapshot
January 19, 2018 - At Friday's closing bell, ASML Holding's stock rose 1.06%, ending the trading session at $205.52.
Volume traded for the day: 1.12 million shares, which was above the 3-month average volume of 925.40 thousand shares.
Stock performance in the last month - up 16.53%; previous three-month period - up 19.68%; past twelve-month period - up 68.65%; and year-to-date - up 18.24%
After last Friday's close, ASML Holding's market cap was at $87.28 billion.
Price to Earnings (P/E) ratio was at 36.76.
The stock has a dividend yield of 0.62%.
The stock is part of the Technology sector, categorized under the Semiconductor Equipment & Materials industry. This sector was up 0.3% at the end of the session.
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