Aug. 12, 2024
ELAN 2Q24 Earnings Report
ELAN Microelectronics Corp. (code: 2458), a leading human-machine interface solution provider today announced its 2Q24 unreviewed financial results. The results show improvements in revenue, gross margin, operating margin, profit before tax and profit after tax compared to both 1Q24 and 2Q23.
2Q24 gross margin increased by 70 bps QoQ to 48.6%, benefited from better product mix. 2Q24 OP margin was 24.4%, with operating profit increasing by 18.3% QoQ and 36.7% YoY. The net profit and EPS attributable to the parent company were NT$738 million and NT$2.58, respectively.
The company is still striving to secure orders and achieve better performance, though the impact of short-term macroeconomic fluctuation remains. Our outlook for 3Q24 expects sales to be around NT$3,100 - NT$3,400 million, gross margin to be around 47.5%-49.5% and operating margin to be around 22.1%-26.3%.
Unit: in NT$ M, EPS in NT$
2Q24 | 2Q23 | YoY | |
Consolidated Sales | 3,151 | 3,042 | 3.6% |
Gross Profit | 1,530 | 1,343 | 13.9% |
Operating Profit | 768 | 562 | 36.7% |
Net Profit (Parent) | 738 | 494 | 49.4% |
EPS | 2.58 | 1.74 | 48.3% |
Gross Margin | 48.6% | 44.1% | |
Presentation material for investor conference could be found at http://www.emc.com.tw/emc/en/Investor/seminar
<http://www.emc.com.tw/emc/en.>>
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Contacts： | |||
■ | Spokesperson： Dennis Liu | E-mail:dennis_liu@emc.com.tw | |
■ | IR Contact： | Emily Chiang | E-mail:emily@emc.com.tw |
Zoe Hsieh | E-mail:zoe.hsieh@emc.com.tw |
<http://www.emc.com.tw/emc/en.>>
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