AU Optronics (AUO) Reports Q3 EPS of NT$0.76

AU Optronics (NYSE: AUO) reported Q3 EPS of NT$0.76, versus NT$0.27 reported last year. Revenue for the quarter came in at NT$106.9 million, versus NT$107.08 million reported last year.

Looking back to the third quarter, thanks to the inventory stocking for Golden Week Holiday in China and the traditional holiday season in Europe and the U.S., the overall panel supply and demand remained fairly tight. While the Company’s fabs continued to be operated at full capacity, AUO persistently switched its product mix to high value-added products. Not only managed to maximize its effectiveness of the capacity, but the Company also proactively improved its cost structures, making the Company to deliver a strong financial performance this quarter. As a result, the Company’s operating margin and EBITDA margin surged to 8.2% and 21.2%, respectively. Its net profit also rose 81.4% quarter-over-quarter to NT$7.30 billion, a record high for the past 17 quarters. Meanwhile, its days of inventory further declined to 35 days, a new low in recent years, demonstrating the Company’s achievements in both inventory control and asset management.

Looking forward to the fourth quarter, after “making profits in the high season” last quarter, AUO plans to execute the strategy – building competitive edges in the slow season – in the fourth quarter. The Company will continue to leverage its capability in technology development and proactively develop products with high cost-performance ratio as well as high-technology content, aiming to establish its long-term competitive advantages and recreate growth opportunity.

For earnings history and earnings-related data on AU Optronics (AUO) click here.

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