earnings
confidence high
sentiment positive
materiality 0.75
Fabrinet Q4 revenue $509.6M beats guidance; record FY2021; guides Q1 revenue $510-530M
Fabrinet
2021-FY EPS reported
$3.95
revenue$1,879,350,000
- Q4 revenue $509.6M (guidance $500-520M); GAAP EPS $1.13, Non-GAAP EPS $1.31, above prior guidance.
- FY2021 record revenue $1.879B, up 14.5% YoY; GAAP net income $148.3M, Non-GAAP $175.5M.
- Q1 FY2022 guidance: revenue $510-530M, GAAP EPS $1.08-1.15, Non-GAAP EPS $1.29-1.36.
- Compensation committee approved FY2022 cash bonus plan, salary increases (CEO +19.2% to $1.025M), and equity grants for NEOs.
- Adopted Executive Change in Control and Severance Plan for CFO and EVP Sales; provides 100% base salary and bonus upon qualifying termination within change-in-control period.