Fabrinet posts record fourth-quarter revenue of $753.3 million and EPS of $2.22
Fabrinet reported fourth-quarter fiscal 2024 revenue of $753.3 million and GAAP diluted earnings per share of $2.22, both up from a year earlier and described by the company as above its guidance ranges. The board also raised its share repurchase authorization by up to $139.5 million, and the compensation committee set fiscal 2025 pay, including an 8.0% base salary increase for CEO Seamus Grady.
- Q4 fiscal 2024 revenue was $753.3 million, up from $655.9 million; GAAP net income was $81.1 million, up from $60.8 million.
- Fiscal 2024 revenue was $2.88 billion, up from $2.65 billion; GAAP diluted EPS was $8.10, up from $6.73.
- The board authorized up to an additional $139.5 million in share repurchases, bringing the total authorization to $434.3 million with $200.0 million remaining.
- First-quarter fiscal 2025 guidance: revenue of $760 million to $780 million and GAAP diluted EPS of $2.10 to $2.17.