Welcome to our dedicated page for Fabrinet news (Ticker: FN), a resource for investors and traders seeking the latest updates and insights on Fabrinet stock.
Company Overview
Fabrinet (FN) is a distinguished provider of advanced optical packaging and precision manufacturing services, specializing in the development of optical, electro-mechanical, and electronic components. Operating predominantly for top-tier original equipment manufacturers (OEMs), the company serves a wide array of markets including data communications, telecommunications, networking, automotive technologies, and medical devices. Fabrinet marries in-depth engineering expertise with robust manufacturing capabilities to offer a seamless transition from product prototyping to full-scale production.
Core Capabilities
Fabrinet provides an integrated suite of services designed to support complex product development. These include:
- Process Design and Engineering: Crafting innovative manufacturing processes that optimize product quality and efficiency.
- Supply Chain Management: Delivering turnkey solutions that ensure a smooth, cost-effective flow of materials and components.
- Advanced Packaging and Integration: Utilizing cutting-edge techniques in precision packaging to meet rigorous performance standards.
- Testing and Process Development: Implementing thorough testing protocols to guarantee product reliability and performance.
Business Model and Industry Position
At its core, Fabrinet is dedicated to enabling the production of highly engineered components for sophisticated systems. The company operates across multiple regions, ensuring that its revenue streams are diversified geographically. Its business model is built on providing full-cycle support, from initial design and prototyping to final assembly and rigorous testing, making it a trusted partner for OEMs striving for excellence in product quality and innovation.
Operational Excellence and Differentiation
Fabrinet stands out in the competitive landscape due to its comprehensive approach to manufacturing. The company not only offers production capabilities but also supports design for manufacturing and continuous improvement initiatives. This dedication to operational excellence is reflected in the meticulous attention to quality, flexibility in adapting to customer needs, and the ability to integrate complex manufacturing processes seamlessly. By focusing on precision engineering and an expansive service offering, Fabrinet remains a key partner in advancing technology in high-demand sectors.
Industry Expertise and Technological Capabilities
Utilizing sophisticated manufacturing technologies and a highly experienced workforce, Fabrinet delivers products that meet the evolving challenges of modern industries. The company leverages advanced optical and electro-mechanical capabilities to produce components that are vital for high-performance applications, ensuring that they adhere to stringent quality standards and industry-specific regulations. This blend of technological innovation and operational discipline underpins Fabrinet's reputation as a reliable and expert manufacturing partner.
Customer Focus and Global Reach
Fabrinet's commitment to excellence is evident in its long-standing relationships with premier OEMs. With a strong emphasis on customer support and end-to-end service integration, the company provides the necessary expertise and infrastructure to help clients navigate the complexities of product development and production scaling. Its global footprint, spanning key commercial regions in North America, Asia-Pacific, and Europe, positions Fabrinet as a versatile and resilient player in the advanced manufacturing industry.
Conclusion
In summary, Fabrinet offers a deep reservoir of technical know-how and manufacturing excellence, supporting a diverse range of industries through its comprehensive service portfolio. By effectively integrating advanced engineering, state-of-the-art manufacturing processes, and a robust supply chain, the company ensures that its clients achieve superior product performance and reliability in competitive markets.
Fabrinet (NYSE: FN) has released its 2024 Corporate Responsibility Report, highlighting the company's sustainability and operational achievements for the fiscal year ended June 28, 2024. The report showcases initiatives across multiple areas including environmental stewardship, talent development, and business resilience.
Key accomplishments include the implementation of 206 lean manufacturing projects for improved sustainability and cost reduction, expansion of the Temporary Technician Academy with a 100% hiring rate for graduates, and the launch of employee development programs like 'English for Work' with over 60 participants. The company, which employs more than 14,000 people, strengthened its cybersecurity protocols and obtained ISO 22301 certification for business continuity.
Environmental initiatives included expanded waste recycling donations to local NGOs, while community engagement efforts continued through partnerships with organizations like Maharaj Home for Boys and the Prosthesis Foundation. The company's efforts were recognized with Thailand's CSR-DIW Continuous Award and Labor Management Excellence Award.
Fabrinet (NYSE: FN) reported strong Q2 FY2025 financial results, exceeding guidance for both revenue and earnings. Revenue reached $833.6 million, up from $712.7 million in Q2 FY2024. GAAP net income rose to $86.6 million ($2.38 per diluted share), compared to $69.1 million ($1.89 per diluted share) year-over-year.
The company experienced robust telecom performance, driven by increasing demand for datacenter interconnect products and early progress from recent systems wins. While datacom demand slightly moderated near-term, management expects more rapid growth as next-generation products ramp production.
The Board approved an additional $100 million share repurchase authorization, bringing the total program to $534.3 million. For Q3 FY2025, Fabrinet projects revenue between $850-870 million and non-GAAP EPS of $2.55-$2.63.
Fabrinet (NYSE: FN), a provider of advanced optical packaging and precision manufacturing services, has scheduled the release of its second quarter fiscal year 2025 financial results for Monday, February 3, 2025, after market close. The quarter ended on December 27, 2024. Management will host a conference call and webcast at 5:00 p.m. EST on the same day to discuss the results. The webcast will be accessible through Fabrinet's investor relations website and will remain archived for one year.
Fabrinet (NYSE: FN) reported strong fiscal Q1 2025 results with record revenue of $804.2 million, up 17% year-over-year from $685.5 million. The company saw revenue growth across all product areas, including telecom. GAAP net income reached $77.4 million ($2.13 per diluted share), compared to $65.1 million ($1.78 per share) in Q1 2024. Non-GAAP net income was $86.9 million ($2.39 per diluted share) versus $72.8 million ($2.00 per share) last year. For Q2 2025, Fabrinet expects revenue between $800-820 million and non-GAAP EPS of $2.44-$2.52.
Fabrinet (NYSE: FN), a leading provider of advanced optical packaging and precision manufacturing services, has announced it will release its first quarter fiscal year 2025 financial results on November 4, 2024, after market close. The company will hold a conference call and webcast at 5:00 p.m. EST on the same day to discuss the results.
The financial results will cover the period ended September 27, 2024. Investors and interested parties can access the live call and replay through the company's investor relations website. A recorded version of the webcast will be available approximately two hours after the call and will be archived on Fabrinet's website for one year.
Fabrinet (NYSE: FN) reported strong financial results for Q4 and fiscal year 2024, exceeding guidance. Q4 revenue reached $753.3 million, up from $655.9 million in Q4 2023. GAAP net income for Q4 2024 was $81.1 million, with earnings per diluted share at $2.22. For the full fiscal year 2024, revenue totaled $2.88 billion, compared to $2.65 billion in 2023. GAAP net income for FY 2024 was $296.2 million, with earnings per diluted share at $8.10.
The company's Board of Directors approved an expansion of its share repurchase program, authorizing an additional $139.5 million. For Q1 FY 2025, Fabrinet expects revenue between $760 million and $780 million, with GAAP net income per diluted share projected at $2.10 to $2.17.
Fabrinet (NYSE: FN), a leading provider of advanced optical packaging and precision manufacturing services, has announced its plans to release financial results for the fourth quarter and fiscal year 2024 on August 19, 2024, after market close. The company will hold a conference call and webcast at 5:00 p.m. EDT on the same day to discuss the results.
The financial period in question ended on June 28, 2024. Investors and interested parties can access the live call and replay through the company's investor relations website. A recorded version of the webcast will be available approximately two hours after the call and will be archived on Fabrinet's website for one year.
Fabrinet (NYSE: FN), a key player in optical packaging and manufacturing, has appointed Forbes Alexander to its Board of Directors, expanding the board to eight members. Alexander will join the Board’s Audit Committee and brings significant executive and financial expertise, having previously held leadership roles at Jabil (NYSE: JBL) and other technology firms. His extensive background includes positions in finance and board memberships at various high-profile companies. Both Tom Mitchell, Chairman, and Seamus Grady, CEO of Fabrinet, praised Alexander's EMS industry experience and financial acumen as valuable assets for the company's growth and leadership. Alexander expressed enthusiasm about contributing to Fabrinet's ongoing success and reputation in the EMS industry.
Fabrinet (NYSE: FN), a prominent provider of optical packaging and precision manufacturing services, announced its participation in the Rosenblatt Securities 4th Annual Technology Summit.
The company's management will present virtually on June 13, 2024, at 12:00 p.m. EDT (9:00 a.m. PDT). A live webcast and replay will be available on Fabrinet's investor relations website.
Fabrinet (NYSE: FN) will be presenting at the 52nd Annual J.P. Morgan Global Technology, Media and Communications Conference in Boston, MA. The presentation is scheduled for Monday, May 20, 2024, at 8:40 a.m. EDT. Investors can access a live webcast and replay on the company's investor website.
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