Teradyne, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
January 31, 2024 at 06:01 am EST
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Teradyne, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported sales was USD 670.6 million compared to USD 731.84 million a year ago. Net income was USD 117.05 million compared to USD 172.3 million a year ago. Basic earnings per share from continuing operations was USD 0.77 compared to USD 1.11 a year ago. Diluted earnings per share from continuing operations was USD 0.72 compared to USD 1.04 a year ago.
For the full year, sales was USD 2,676.3 million compared to USD 3,155.05 million a year ago. Net income was USD 448.75 million compared to USD 715.5 million a year ago. Basic earnings per share from continuing operations was USD 2.91 compared to USD 4.52 a year ago. Diluted earnings per share from continuing operations was USD 2.73 compared to USD 4.22 a year ago.
Teradyne, Inc. specializes in the development, manufacturing and marketing of automatic test equipments. Net sales break down by family of products as follows:
- semiconductor tester (72.4%);
- system testing solutions (13.1%): testers of integrated circuit, digital network cards, electronic modules, military and aerospace instruments, car diagnostic systems, etc.;
- industrial automation solutions (9%);
- wireless test solutions (5.5%): for mobiles devices and equipments manufacturers (smart phones, tablets, laptops, etc.).
Net sales break down by source of income into sales of products (86.2%) and services (13.8%; consulting, development, training and technical support services).
Net sales break down geographically as follows: the United States (10.3%), Taiwan (37.8%), China (14.9%), Korea (12.5%), Europe (6.6%), Japan (4.6%), Thailand (4.4%), Singapore (2.4%), Philippines (2.2%), Malaysia (1.8%) and other (2.5%).