ASM INTL NV NY REG SHS - ASMIY STOCK NEWS

ASM International N.V. reported record Q3 2022 revenues of €609.8 million, a 41% increase year-on-year. However, new US export control regulations impacted new orders, which totaled €675.5 million, down from €942.7 million in the previous quarter. Operating profit rose to €159.9 million despite a €321 million impairment charge on investments. Normalized net earnings reached €174.6 million. The company anticipates Q4 sales between €600-630 million, factoring in the effects of the export restrictions, and maintains a strong backlog for future growth.

ASM International has successfully acquired LPE S.p.A., an Italian manufacturer of epitaxial reactors for silicon carbide (SiC) and silicon, after obtaining regulatory approvals. The deal, announced on July 18, 2022, involves a mix of cash, an earn-out, and 631,154 ASM shares. LPE is anticipated to generate over €100 million in revenue in 2023, benefiting from the growing market for SiC epitaxy equipment, projected to expand at a CAGR of over 25% through 2025. LPE will operate under ASM’s Global Products organization.

ASM International N.V. reported strong Q2 2022 results, marking record highs in orders and revenue. New orders reached €943 million, an increase of 73% year-on-year. Revenue surged by 36% to €559.5 million, with a gross profit margin slightly down to 47.5%. Operating results improved to €147.6 million, bolstered by revenue growth despite rising expenses. The company anticipates continued revenue growth of €570-600 million in Q3 2022. Additionally, ASM announced an acquisition of LPE S.p.A. for €425 million to enhance its business in silicon epitaxy tools.

ASM International N.V. has announced its agreement to acquire LPE S.p.A., an Italian manufacturer of epitaxial reactors, for €283.25 million in cash and 631,154 shares. LPE specializes in silicon carbide (SiC) epitaxy, crucial for electric vehicle applications, and expects over €100 million in revenue for 2023. The acquisition aims to enhance ASM's product offerings in advanced epitaxy tools and leverage LPE's innovation culture. Post-acquisition, LPE will maintain operations in Italy and is projected to contribute to ASM's net earnings immediately.

ASM International N.V. has announced the launch of its TENZA^TM ALD technology for 300mm wafers, enhancing memory and logic applications. The new process offers superior film quality, productivity, and cost-effectiveness for gap-fill applications, utilizing a quad chamber module architecture. This technology reduces precursor consumption by up to 50% and doubles productivity compared to traditional methods. Deliveries have begun to key global clients, showcasing its proven track record with over 2,000 reactors shipped.

ASM International N.V. has launched the SONORA® vertical furnace system, specifically designed for 300mm wafers, aiming at advanced logic/foundry and memory applications. This system boasts the highest throughput in its class, enhancing reactor utilization to near 100% and minimizing capital expenditure. Deliveries have commenced to global customers, including leaders in advanced logic and power device manufacturing. The SONORA® system promises improved productivity, with up to 30% more output than its predecessor, the A412™, along with lower energy and chemical usage per wafer.

ASM International N.V. will announce its second quarter 2022 financial results on July 20, 2022, at approximately 6:00 p.m. CET. A quarterly earnings conference call and webcast is scheduled for July 21, 2022, at 3:00 p.m. CET. Participants must pre-register to access the call. The audio webcast and its replay will be available at www.asm.com/investors/webcasts-presentations/2022/second-quarter-earnings. This press release includes forward-looking statements that involve risks, uncertainties, and other factors.

ASM International N.V. announced the results of its Annual General Meeting of Shareholders on May 16, 2022. All proposed resolutions were approved, including the appointment of Hichem M’Saad as CTO and the reappointment of Marc de Jong to the Supervisory Board. Shareholders also adopted the 2021 financial statements and approved a €2.50 dividend per common share. The resolutions reflect the company's ongoing governance and commitment to shareholder returns.

ASM International N.V. reports strong Q1 2022 results, with record revenue and orders.

New orders reached €706 million, reflecting a 65% increase year-on-year at constant currencies. Revenue grew by 31% to €516.9 million. However, the gross profit margin slightly decreased to 47.8%, down from 49.5% in Q1 2021. Operating results also improved to €143 million, and normalized net earnings totaled €146 million. Looking forward, ASM expects Q2 revenue between €540-570 million, as supply chain conditions remain challenging.