Record June Quarter Brings Fabrinet to New High for Year
BANGKOK -- Fabrinet announced fiscal fourth quarter revenue of $587.9 million, compared up from $509.6 million in fiscal 2021.
GAAP net income for the period ended June 24 was $56.2 million, versus $42.4 million last year.
Seamus Grady, chief executive, Fabrinet, said, "We delivered strong fourth quarter results with revenue at the upper end of our guidance range and net income per share that exceeded our guidance. With strong ongoing demand trends, we are optimistic that we can continue to execute well and extend our track record of success in fiscal 2023 and beyond."
Non-GAAP net incomes was $62.6 million, compared to $49.4 million.
Revenue for fiscal 2022 was $2.26 billion, up from $1.88 billion in 2021. GAAP net income was up $51.7 million reaching $200.4 million.
Fabrinet guided for first quarter ending Sept. 30 revenue of $620 million to $640 million.
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