Fabrinet Reports Earnings Results for the Second Quarter and Six Months Ended December 24, 2021
January 31, 2022 at 09:27 pm
Share
Fabrinet reported earnings results for the second quarter and six months ended December 24, 2021. For the second quarter, the company reported sales was USD 566.63 million compared to USD 453.83 million a year ago. Net income was USD 48.88 million compared to USD 35.38 million a year ago. Basic earnings per share from continuing operations was USD 1.32 compared to USD 0.96 a year ago. Diluted earnings per share from continuing operations was USD 1.3 compared to USD 0.94 a year ago.
For the six months, sales was USD 1,109.96 million compared to USD 890.47 million a year ago. Net income was USD 93.53 million compared to USD 68.44 million a year ago. Basic earnings per share from continuing operations was USD 2.53 compared to USD 1.86 a year ago. Diluted earnings per share from continuing operations was USD 2.5 compared to USD 1.83 a year ago.
Fabrinet is a provider of advanced optical packaging and precision optical, electro-mechanical, and electronic manufacturing services to original equipment manufacturers of complex products. The complex products include optical communication components, modules and subsystems, automotive components, medical devices, industrial lasers, and sensors. The Company offers a range of advanced optical and electro-mechanical capabilities across the entire manufacturing process, including process design and engineering, supply chain management, manufacturing, advanced packaging, integration, final assembly, and testing. It focuses on production of high complexity products in any mix and any volume. The Company also designs and fabricates application-specific crystals, lenses, prisms, mirrors, laser components and substrates (customized optics) and other custom and standard borosilicate, clear fused quartz, and synthetic fused silica glass products (customized glass).
FABRINET 
