BANGKOK -- Fabrinet today announced fiscal fourth quarter revenue of $405.1 million, up 17% year-over-year. GAAP net income for the period ended Jun. 28 was was $33 million, up 32% from a year ago.
The net results included a foreign exchange gain of $1.8 million, compared to a loss of $900,000 last year.
Non-GAAP net income was $37.6 million, versus $30.7 million in fiscal 2018.
Seamus Grady, chief executive, said, “We are pleased with our strong revenue and earnings performance in the fourth quarter, which represented quarterly records for the company. These results reflect the diversity of our customers and the markets that we serve.
"These strong fourth quarter results also capped the best fiscal year in our history, as we generated record revenue, profitability and operating cash flows, on a full year basis. While we expect first quarter revenue and EPS to moderate from our record fourth quarter performance, we remain optimistic that our leadership as a trusted manufacturing partner positions us for continued success in fiscal 2020 and beyond.”
For fiscal year 2019, revenue was $1.58 billion, up 15% from 2018. GAAP net income was $121 million, up 44%. GAAP net income included a foreign exchange gain of $1.4 million, compared to loss of $6.6 million a year ago. Non-GAAP net income was up 26% to $142.6 million. The results included a foreign exchange gain of $1.4 million, compared to a loss of $6.6 million last year.
Fabrinet expects first quarter revenue in the range of $386 million to $394 million.