Nextronics Engineering (8147) Q2 2024 earnings summary

Executive summary

• Revenue for Q2 2024 (113年4-6月) was NT$307.6 million, up 27% year-over-year; first half revenue reached NT$603.9 million, up 27% year-over-year.

• Net income for Q2 2024 was NT$18.3 million, up 9% year-over-year; first half net income was NT$43.0 million, up 48% year-over-year.

• Gross margin remained stable at 38% for both Q2 and the first half.

• Basic EPS for Q2 was NT$0.48, and for the first half NT$1.20.

Financial highlights

• Operating income for Q2 was NT$21.4 million, up 81% year-over-year; first half operating income was NT$41.2 million, up 54%.

• Cash and cash equivalents at June 30, 2024 were NT$484.4 million.

• Total assets increased to NT$1,752.6 million from NT$1,524.4 million a year ago.

• Total liabilities were NT$683.5 million, with a debt-to-asset ratio of 39%.

• Dividend of NT$2.5 per share (NT$84.0 million total) was distributed.

Outlook and guidance

• Management aims to maintain a prudent capital structure and keep the debt-to-asset ratio within a safe range.

• No significant impact expected from new or revised accounting standards.