Acter (5536) Q1 2024 earnings summary

Executive summary

• Q1 2024 gross profit margin reached 21%, showing year-over-year growth.

• Q1 2024 EPS was NT$3.45 (par value NT$5), the second highest in company history.

• Backlog exceeded NT$30 billion, reaching historical highs.

• Q1 2024 revenue was NT$5,476.7 million, slightly down from Q1 2023.

• Net income for Q1 2024 was NT$587.4 million, up from NT$578.5 million year-over-year.

Financial highlights

• Cash and cash equivalents at Q1 2024 end were NT$8,689.5 million, up from NT$6,476.9 million year-over-year.

• Operating cash flow for Q1 2024 was NT$621.8 million, down from NT$707.7 million in Q1 2023.

• Total assets as of March 31, 2024, were NT$27,740.1 million, with equity at NT$12,940.3 million.

• Dividend distributions for 2023 second half and first half were NT$744.5 million and NT$558.4 million, respectively.

• Q1 2024 profit after tax attributable to parent was NT$427.8 million, down from NT$447.0 million in Q1 2023.

Outlook and guidance

• High backlog supports future operations, with NT$33 billion as of Q1 2024.

• Cleanroom market and semiconductor industry capital expenditures are expected to grow, supporting demand.

• Focus on net zero carbon opportunities and sustainable development to drive future growth.

• The group is evaluating the impact of IFRS 18, effective January 1, 2027, on its financial reporting.