BE Semiconductor Industries NV

OTC Pink - Limited Information:BESIYUnited States

Oct 24, 2024

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• DJ BE Semiconductor's Update Likely to Lead to Consensus Change -- Market Talk, from 6:46AM ET on Thursday Oct 24, 2024 by Dow Jones

  6:46AM ET on Thursday Oct 24, 2024 by Dow Jones
  
  1045 GMT - BE Semiconductor's update will likely trigger a reset in full-year 2024 and 2025 consensus estimates, ING's Marc Hesselink writes in a note. The Duiven, Netherlands company's missed consensus expectations on order intake and fourth-quarter guidance are in line with expectations, Hesselink says. This reflects the prolonged industry weakness witnessed over the third-quarter and earlier earnings releases in the sector, he adds. However, BESI's long-term prospects remain very attractive as the company is planning to double its advanced products capacity in Malaysia, Hesselink says. Shares are down 0.2% at 102.22 euros. (najat.kantouar@wsj.com)
  

• DJ BE Semiconductor Long-Term Prospects Look Positive, Near-Term Uncertain -- Market Talk, from 5:20AM ET on Thursday Oct 24, 2024 by Dow Jones

  5:20AM ET on Thursday Oct 24, 2024 by Dow Jones
  
  0918 GMT - BE Semiconductor's long-term prospects are attractive thanks to its advanced packaging offering, Citi analysts write in a note. However, near-term cycle and delays in deliveries add uncertainty, the analysts say. BESI is experiencing persistent cyclical challenges, with China and automotive cited as more than offsetting growth in computing end markets, the analysts say. Additionally, the company's fourth-quarter expectations are seen as a negative sign for its near-term growth, they add. Shares are up 3.5% at 102.85 euros. (najat.kantouar@wsj.com)
  

• DJ BE Semiconductor Shares Jump on Double-Digit Net Profit Growth, from 4:34AM ET on Thursday Oct 24, 2024 by Dow Jones

  4:34AM ET on Thursday Oct 24, 2024 by Dow Jones
  
  By Najat Kantouar
  
  BE Semiconductor Industries shares jumped after the company reported double-digit net profit growth for the third-quarter and said revenue was boosted by higher demand.
  

• BE Semiconductor Industries N.V. Announces Q3-24 Results, from 3:11AM ET on Thursday Oct 24, 2024 by Dow Jones

  3:11AM ET on Thursday Oct 24, 2024 by Dow Jones
  Companies Mentioned: BESIY
  
  Consolidated Cash Flow Statements
  Three Months Ended Nine Months Ended September 30, September 30, (EUR thousands) (unaudited) (unaudited) 2024 2023 2024 2023 ---------- -------- --------- --------- Cash flows from operating activities: Income before income tax 53,493 40,929 141,821 142,293 Depreciation and amortization 7,388 6,248 21,181 19,155 Share based payment expense 3,400 1,575 27,216 16,300 Financial expense, net 1,560 1,758 3,194 4,974 Changes in working capital 6,031 15,697 (43,914) (2,581) Interest (paid) received (1,996) (2,649) (19,513) (27,948) Income tax paid 2,156 1,582 7,218 3,075 Net cash provided by operating activities 72,032 65,140 137,203 155,268 Cash flows from investing activities: Capital expenditures (2,099) (1,990) (10,965) (5,448) Capitalized development expenses (4,415) (4,700) (13,990) (15,341) Repayments of (investments in) deposits (200,000) - (105,000) (5,268) Net cash provided by (used in) investing activities (206,514) (6,690) (129,955) (26,057) Cash flows from financing activities: Proceeds from notes 350,000 - 350,000 - Transaction costs related to notes (6,395) - (6,395) - Payments of lease liabilities (1,080) (995) (3,186) (3,207) Purchase of treasury shares (27,829) (45,537) (57,418) (190,264) Dividends paid to shareholders - - (171,534) (222,109) Net cash used in financing activities 314,696 (46,532) 111,467 (415,580) Net increase (decrease) in cash and cash equivalents 180,214 11,918 118,715 (286,369) Effect of changes in exchange rates on cash and cash equivalents - 130 256 (292) Cash and cash equivalents at beginning of the period 127,234 192,977 188,477 491,686 Cash and cash equivalents at end of the period 307,448 205,025 307,448 205,025 ---------------------------------- ---------- -------- --------- ---------
  

• *DJ BE Semiconductor 3Q Rev EUR156.6M, from 1:00AM ET on Thursday Oct 24, 2024 by Dow Jones

  1:00AM ET on Thursday Oct 24, 2024 by Dow Jones