Summary by Moomoo AI
Fabrinet announced record fourth quarter results for fiscal year 2024, with revenue of $753.3 million and GAAP net income per diluted share of $2.22, both exceeding guidance. For the full fiscal year 2024, revenue reached $2.88 billion with GAAP net income per diluted share of $8.10.The company expanded its share repurchase program, authorizing an additional $139.5 million in repurchases. Looking ahead to Q1 fiscal 2025, Fabrinet expects revenue between $760 million to $780 million and non-GAAP net income per diluted share of $2.33 to $2.40.Fabrinet also disclosed details of its fiscal 2025 executive compensation plans, including target bonuses, salary increases, and equity awards for key executives. The company remains optimistic about its future, citing numerous drivers positioning it to extend its track record of success into fiscal year 2025.
