TowerJazz (TSEM) Tops Q1 EPS by 29c

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Go back to TowerJazz (TSEM) Tops Q1 EPS by 29c

TowerJazz Reports 71 Percent Year Over Year Revenue Growth With Strong Margins for the First Quarter of 2015

May 13, 2015 3:05 AM EDT

Growth Guided for the Second Quarter; Continued Increasing Customer Demand Throughout the Year; Strong Balance Sheet With Net Debt to EBITDA Ratio Reduced to Below 1X

MIGDAL HAEMEK, Israel, May 13, 2015 (GLOBE NEWSWIRE) -- TowerJazz (Nasdaq: TSEM) (TASE: TSEM) today reports results for the first quarter of 2015 ended March 31, 2015.

Highlights

Revenue of $226 million, up 71% year over year, with 33% organic growth and 31% for top 10 customers; Strong margins with year-over-year improvement of: Non-GAAP gross profit of 36%, from $45 million to $81... More