Electronics manufacturer Fabrinet showed an increase of 15% after the report

The manufacturer of electronic components, Fabrinet (FN), has published a report for the fourth quarter of the fiscal year 2022. Positive dynamics better than expected led to an increase in FN quotes by 14.93%, to $115.75 at auction on August 16. The market capitalization was $4.15 billion. In the quarter that ended June 24, Fabrinet’s revenue was $587.9 million, and GAAP net income reached $56.2 million compared to $509.6 million and $42.4 million a year earlier. For the full year, revenue was $2.26 billion, and net income per diluted share reached $5.36, much higher than $3.95 in 2021. 

In the first quarter, Fabrinet expects revenue of $620-640 million and GAAP earnings of $1.51—1.58 per share. Fabrinet’s financial results were better than Wall Street’s expectations. At the same time, Fabrinet’s management expects continued growth in the coming year and, against this background, has expanded the share repurchase program to $100 million. Fabrinet specializes in producing optical, electron-optical modules, complex electronic printed circuit boards, and components for industrial production of any scale. 

Fabrinet products in the automotive and aerospace industries, as well as in the manufacturing of medical equipment, lasers, and robotics. The company has production facilities in Southeast Asia and partnerships with major OEMs. The advantage of Fabrinet for long-term investors is that the company is focused on long-term cooperation with customers and often provides support and updates throughout the life cycle of expensive equipment. Fabrinet is also a vertically integrated manufacturer and less dependent on supply chain issues. Fabrinet products are certified according to different standards of the markets of Europe and the USA.