NYSE$FN

Fabrinet · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Fabrinet's financial results for the third quarter were announced, showing the company quickly adjusted to a changing business environment and remained operational.

Fabrinet reported revenue of $411.2 million and GAAP net income of $28.3 million for the third quarter of fiscal year 2020. The company demonstrated flexibility in a changing business environment and maintained operational safety.

  • Revenue for the third quarter of fiscal year 2020 was $411.2 million, compared to $399.0 million for the comparable period in fiscal year 2019.
  • GAAP net income for the third quarter of fiscal year 2020 was $28.3 million, compared to $28.6 million for the third quarter of fiscal year 2019.
  • Non-GAAP net income for the third quarter of fiscal year 2020 was $34.8 million, compared to $34.3 million for the third quarter of fiscal year 2019.
  • Fabrinet is issuing guidance for its fourth fiscal quarter of 2020, expecting revenue to be in the range of $370.0 million to $400.0 million.

Headline financials

Total Revenue

$411M

Previous: $399M+3.1%
EPS (adj)

$0.92

Previous: $0.92+0.0%
Capital Expenditures

-$27.5M

Previous: -$13.2M-108.0%
Free Cash Flow

$785K

Previous: $15.4M-94.9%
Net Income

$28.3M

Previous: $28.6M-1.3%
Operating Income

$27.2M

Previous: $32.3M-15.7%
Gross Profit

$44.3M

Previous: $46.8M-5.2%
Cash & Equivalents

$224M

Previous: $166M+34.7%
Total Assets

$1.33B

Previous: $1.21B+9.9%
Stock-Based Comp

$6.12M

Previous: $4.42M+38.3%

Revenue & EPS history

Fabrinet · Revenue · Quarterly

$411M

Q3 2020+3.1%vs Q3 2019
Beat estimate in 14 of 16 quarters(88%)
ActualEstimate

Forward guidance

For the fourth fiscal quarter of 2020, Fabrinet expects revenue to be in the range of $370.0 million to $400.0 million, GAAP net income per diluted share to be in the range of $0.64 to $0.76, and non-GAAP net income per diluted share to be in the range of $0.80 to $0.92.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2020

Historical avgQ3 2020

+2.5%

Avg return

Earnings day

+3.8%

Avg return

5 days after

+4.5%

Avg return

30 days after

54%

34 / 63 earnings

Positive

+34.4%

Q1 2013

Best reaction

-18.4%

Q2 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026-5.8%-13.3%-0.3%
Q2 2026-10.3%+0.9%+9.0%
Q1 2026+3.9%+1.4%+6.5%
Q3 2025-7.0%-8.3%+7.4%
Q2 2025-8.2%-6.0%-18.6%
Q1 2025-5.1%+11.8%-0.3%
Q4 2024+16.0%+15.7%-0.9%
Q3 2024+16.8%+24.3%+35.4%
Q2 2024-18.4%-8.5%+0.6%
Q1 2024+5.5%+3.2%+0.0%
Q4 2023+30.4%+33.0%+30.5%
Q3 2023-0.5%-1.3%+20.8%
Q2 2023-8.4%-7.7%-8.8%
Q1 2023+8.6%+12.6%+13.9%
Q4 2022+15.0%+12.8%+2.1%
Q3 2022-4.6%-9.0%-12.1%
Q2 2022-7.1%-8.8%-8.3%
Q1 2022+15.8%+25.4%+19.1%
Q4 2021+6.4%+14.7%+17.9%
Q3 2021-0.8%-0.4%+6.1%
Q2 2021+6.1%+13.1%+10.7%
Q1 2021+6.1%+10.8%+15.5%
Q4 2020-0.5%-5.4%-14.9%
Q3 2020-2.7%+2.9%+11.4%
Q2 2020+7.4%+2.3%-5.8%
Q1 2020-1.5%+0.6%+1.8%
Q4 2019-16.4%-14.4%-2.0%
Q3 2019-3.7%-5.2%-27.9%
Q2 2019-8.6%-9.9%-4.3%
Q1 2019+7.4%+9.9%+12.1%
Q4 2018+7.1%+9.6%+3.7%
Q3 2018+9.4%+9.4%+13.1%
Q2 2018+20.0%+18.1%+29.5%
Q1 2018-10.4%-3.5%-4.6%
Q4 2017-7.8%-3.9%-8.2%
Q3 2017+12.3%+8.3%+17.5%
Q2 2017+1.6%+6.1%-2.7%
Q1 2017+7.6%+8.9%+8.1%
Q4 2016-2.0%-1.5%+1.9%
Q3 2016+12.6%
Q2 2016+12.5%
Q1 2016+9.5%
Q4 2015+6.7%
Q3 2015+1.5%
Q2 2015+3.1%
Q1 2015-3.8%
Q4 2014+9.1%
Q3 2014-13.0%
Q2 2014-8.0%
Q1 2014+13.8%
Q4 2013+4.6%
Q3 2013+1.7%
Q2 2013+10.3%
Q1 2013+34.4%
Q4 2010-0.8%
Q4 2012-2.5%
Q3 2011-6.9%
Q3 2012-8.2%
Q2 2011+1.5%
Q2 2012+5.0%
Q4 2011-1.5%
Q1 2011-1.5%
Q1 2012+1.6%
Q3 2010

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