Quanta Computer (2382) Q4 2024 earnings summary

Executive summary

• FY2024 net sales reached NT$1,410,756 million, up 30% year-over-year, with net income at NT$59,702 million, a 50.5% increase.

• Q4 2024 net sales were NT$417,313 million, down 1.7% sequentially but up 45% year-over-year.

• Q4 2024 net income was NT$15,873 million, down 4.6% sequentially but up 54.4% year-over-year.

• EPS for FY2024 was NT$15.49, up from NT$10.29 in 2023.

• Major customers accounted for over 10% of revenue, with the top three contributing 66.92% of total sales.

Financial highlights

• FY2024 gross profit was NT$110,760 million, gross margin at 7.9%.

• FY2024 operating income rose 41.5% to NT$61,622 million.

• Q4 2024 gross profit was NT$31,077 million, gross margin at 7.45%.

• Q4 2024 operating income was NT$15,159 million, down 22.5% sequentially, up 28.4% year-over-year.

• Net cash flows from operating activities were negative NT$35.3 billion, compared to positive NT$125.0 billion in 2023.

Key financial ratios and metrics

• FY2024 net margin was 4.2%, up from 3.7% in FY2023.

• Q4 2024 net margin was 3.80%, compared to 3.92% in Q3 2024 and 3.57% in Q4 2023.

• Debt-to-equity ratio increased to 233.67% at year-end, up from 164.52% in 2023.

• Cash and short-term investments at year-end were NT$201,099 million.

• Shareholders' equity at year-end was NT$222,286 million.