Business
Trio-Tech Reports Fiscal 2025 Third Quarter Financial Results and Announces Share Repurchase Program
VAN NUYS, Calif., May 13, 2025--Trio-Tech International (NYSE MKT: TRT), a comprehensive provider of semiconductor back-end solutions and a global value-added supplier of electronic equipment, today announced its financial results for the third quarter that ended on March 31, 2025, and that the Company’s Board of Directors has authorized a share repurchase program to repurchase up to $1.0 million of its issued and outstanding common stock over a period of 2 years.
About this update from Trio-tech International
[{"type":"text","content":"VAN NUYS, Calif., May 13, 2025--(BUSINESS WIRE)--Trio-Tech International (NYSE MKT: TRT), a comprehensive provider of semiconductor back-end solutions and a global value-added supplier of electronic equipment, today announced its financial results for the third quarter that ended on March 31, 2025, and that the Company’s Board of Directors has authorized a share repurchase program to repurchase up to $1.0 million of its issued and outstanding common stock over a period of 2 years.","length":485,"tagName":"p"},{"type":"text","content":"Trio-Tech International Chairman and CEO S.W. Yong’s Comments:","length":62,"tagName":"p"},{"type":"text","content":""We continued to strengthen our balance sheet in the third quarter, even amid revenue softness across both business segments. In our Semiconductor Back-End Solutions (SBS) segment, demand for testing services in China declined due to the broader market pressures and ongoing trade tensions. However, we are seeing encouraging signs of demand shifting to regions like Malaysia and Thailand, where our established operations position us well for future growth as customers seek alternatives for testing solutions. Revenue in our Industrial Electronics (IE) segment was temporarily affected by supply chain delays, which we expect to ease in the coming quarters. We remain confident in the long-term growth potential of the business. During the quarter, IE secured over $1.2 million in follow-on orders for POS components, further validating our role as a trusted provider of high-performance, customized electronic solutions.","length":928,"tagName":"p"},{"type":"text","content":""While macroeconomic conditions remain uncertain, we are proactively aligning our cost structure and operational capacity to current demand. Our focus remains on preserving financial flexibility and ensuring we are well-positioned to scale efficiently as market conditions improve. At the same time, the share repurchase program announced today reflects the Board’s and management’s confidence in our strategy for long-term profitable growth and cash flow generation and our commitment to delivering long-term value to our shareholders."","length":547,"tagName":"p"},{"type":"text","content":"Fiscal 2025 Third Quarter Financial Results","length":43,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","conte...