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APWC Announces Financial Results for the First Quarter of 2026
Quarterly revenue of $130.8 million, up 30% from a year agoQuarterly EPS was $0.05, up 171% from a year ago TAIPEI, Taiwan, May 14, 2026 (GLOBE NEWSWIRE) --
About this update from Asia Pacific Wire & Cable Corporation Limited
[{"type":"text","content":"Quarterly revenue of $130.8 million, up 30% from a year agoQuarterly EPS was $0.05, up 171% from a year ago TAIPEI, Taiwan, May 14, 2026 (GLOBE NEWSWIRE) -- Asia Pacific Wire & Cable Corporation Limited (\"APWC\" or the \"Company\") (NASDAQ: APWC) today announced its financial results for the first quarter ended March 31, 2026. Quarterly revenue was $130.8 million, down 2% from the previous quarter and up 30% from a year ago. For the quarter, earnings per share were $0.05, down 71% from the previous quarter and up 171% from a year ago. Copper unit volume, measured by the tonnage of copper contained in the wire and cable sold, decreased 2% sequentially and increased 5% from a year ago. This does not include other raw materials, such as aluminum and insulation materials. Q1 Fiscal 2026 Summary Q1 Financial Results($ in millions, except earnings per share)Q1 FY2026Q4 FY2025Q1 FY2025Q/QY/YRevenues$130.8$133.8$100.6 (2)%30 %Gross profit$10.7$11.0$3.7 (3)%189 %Operating expenses$7.6$8.3$6.4 (8)%19 %Operating profit$3.3$2.8$(2.7)18 %222 %Net income$1.4$3.5$(1.5)(60)%193 %EPS$0.05$0.17$(0.07)(71)%171 % Revenue by Reportable Segments($ in millions)Q1 FY2026Q4 FY2025Q1 FY2025Q/QY/YNorth Asia$23.9$23.3$18.9 3 %26 %ROW$55.7$64.6$45.4 (14)%23 %Thailand$51.2$45.9$36.3 12 %41 %Total$130.8$133.8$100.6 (2)%30 % RevenueRevenue for the first quarter was $130.8 million, representing a 30% year-over-year increase. Growth was driven by broad-based momentum across our international markets, where favorable commodity trends and steady project execution contributed an additional $30.2 million to the top line. North Asia revenue for the first quarter was $23.9 million, up 26% year over year and 3% sequentially, primarily driven by the sustained increase in copper prices. Thailand's revenue for the first quarter was up 41% year over year and 12% sequentially, reflecting strong execution of public-sector orders, supported by rising copper prices. ROW revenue grew in the first quarter, up 23% from a year ago, but down 14% sequentially. The annual growth was driven by a recovery in the Australian market, supported by preemptive purchasing amid geopolitical tensions. The sequential decrease reflected the timing of public sector project milestones, resulting in normal quarterly variability. Gross ProfitGross profit margin for the first quarter was 8.2%, compar...
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