Group 1 - Magnachip reported quarterly earnings of $0.07 per share, exceeding the Zacks Consensus Estimate of a loss of $0.22 per share, and compared to a loss of $0.21 per share a year ago, representing an earnings surprise of 131.82% [1] - The company posted revenues of $63.04 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 2.34%, and compared to year-ago revenues of $50.82 million [2] - Over the last four quarters, Magnachip has surpassed consensus EPS estimates three times and topped consensus revenue estimates four times [2] Group 2 - The stock's immediate price movement will depend on management's commentary on the earnings call and future earnings expectations [3][4] - The current consensus EPS estimate for the coming quarter is -$0.32 on $56.5 million in revenues, and for the current fiscal year, it is -$1 on $252.65 million in revenues [7] - The Zacks Industry Rank for Semiconductor - Analog and Mixed is currently in the bottom 20% of over 250 Zacks industries, indicating potential challenges for stock performance [8] Group 3 - The estimate revisions trend for Magnachip is mixed, resulting in a Zacks Rank 3 (Hold) for the stock, suggesting it is expected to perform in line with the market in the near future [6] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5] - Another industry player, Semtech, is expected to report quarterly earnings of $0.32 per share, reflecting a year-over-year change of +633.3%, with revenues expected to be $247.91 million, up 28.5% from the year-ago quarter [9][10]

Magnachip Semiconductor (NYSE: MX) Q4 2024 and 2024 Earnings Materials March 12, 2025 1 Forward-Looking Statements Information in this presentation regarding Magnachip's forecasts, business outlook, expectations and beliefs are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. All forward-looking statements included or incorporated by reference in this presentation, including expectations about estimated historical or ...

Financial Performance - Q4 2024 revenue was $63 million, representing a 24% increase year-over-year and a 5.1% decrease sequentially [3]. - For Q1 2025, the company expects consolidated revenue from continuing operations to be in the range of $42 to $47 million, down 8.9% sequentially but up 11.5% year-over-year [11]. - Total revenues for Q4 2024 were $63,039,000, a decrease of 5.5% from $66,460,000 in Q3 2024 and an increase of 24.0% from $50,822,000 in Q4 2023 [16]. - The company reported a net loss of $16.3 million in Q4 2024, compared to a net loss of $6 million in Q4 2023 [6]. - For the year ended December 31, 2024, the company reported a net loss of $54,308 thousand, compared to a net loss of $36,622 thousand for the year ended December 31, 2023, representing an increase in loss of 48.2% [20]. Profitability Metrics - Gross profit margin for Q4 2024 was 25.2%, up 2.5 percentage points from the previous year and above the guidance range [5]. - Adjusted EBITDA for Q4 2024 was a loss of $2.6 million, an improvement from a loss of $4.9 million in Q3 2024 [6]. - Gross profit for Q4 2024 was $15,885,000, representing a gross profit margin of 25.2%, compared to 23.3% in Q3 2024 and 22.7% in Q4 2023 [16]. - The company’s Adjusted EBITDA for the year ended December 31, 2024, was $(23,594) thousand, compared to $(24,174) thousand for the year ended December 31, 2023, indicating a slight improvement [26]. Business Segments - Standard Products business revenue increased by 13% year-over-year, aligning with the company's guidance for double-digit growth [3]. - Power IC revenue increased by more than 50% year-over-year, indicating strong demand in that segment [5]. - The company is transitioning to become a pure-play Power company, with the Display business classified as discontinued operations starting Q1 2025 [3]. Expenses and Losses - Operating loss for Q4 2024 was $(15,745,000), compared to $(11,003,000) in Q3 2024 and $(15,935,000) in Q4 2023 [16]. - Research and development expenses for Q4 2024 were $12,967,000, down from $14,373,000 in Q3 2024 and $15,383,000 in Q4 2023 [16]. - The company recorded $4,637 thousand in impairment losses primarily related to tangible assets associated with its Display business for the year ended December 31, 2024 [23]. - The company incurred $8,449 thousand in termination-related charges during the first quarter of 2023 due to a voluntary resignation program [24]. - The company recorded $2,017 thousand of one-time cumulative financial impact related to certain employee benefits for the year ended December 31, 2024 [28]. Cash Flow and Assets - Cash and cash equivalents decreased to $138,610,000 in Q4 2024 from $158,092,000 in Q4 2023 [18]. - Total assets decreased to $379,316,000 in Q4 2024 from $420,491,000 in Q4 2023 [18]. - Total liabilities increased to $102,519,000 in Q4 2024 from $75,893,000 in Q4 2023 [18]. - Net cash provided by operating activities for the three months ended December 31, 2024, was $11,856 thousand, a significant improvement from a net cash used of $6,133 thousand for the year ended December 31, 2023 [20]. - Cash and cash equivalents at the end of the period on December 31, 2024, were $138,610 thousand, down from $158,092 thousand at the end of the previous year [20]. Foreign Currency Impact - The company reported a foreign currency loss of $(13,407,000) in Q4 2024, compared to a gain of $5,066,000 in Q3 2024 [16]. - The company experienced a foreign currency loss of $16,899 thousand for the year ended December 31, 2024, compared to a gain of $465 thousand for the year ended December 31, 2023 [26]. Equity and Stockholder Information - Magnachip's total stockholders' equity decreased to $276,797,000 in Q4 2024 from $344,598,000 in Q4 2023 [18].

Core Insights - Methanex Corporation released its 2024 Sustainability Report, highlighting progress on sustainability topics relevant to the company and its stakeholders [1] - The company achieved its best-ever safety performance in 2024, ranking in the top ten percent for safety among members of the American Chemistry Council's Responsible Care [2] - Methanex is recognized as the world's largest producer and supplier of methanol, contributing to sustainable solutions and improving everyday life [2][3] Company Overview - Methanex is a publicly traded company based in Vancouver, Canada, and is the largest global supplier of methanol [3] - The company's shares are listed on the Toronto Stock Exchange under the symbol "MX" and on the Nasdaq under "MEOH" [3] - Methanex emphasizes its commitment to safety, environmental impact reduction, and community contributions in its sustainability efforts [2]

Financial Performance - For Q4 2024, Methanex reported net income of $45 million ($0.67 per share), an increase from $31 million ($0.35 per share) in Q3 2024 [3][8] - Adjusted EBITDA for Q4 2024 was $224 million, compared to $216 million in Q3 2024 [3][8] - For the full year 2024, net income was $164 million ($2.39 per share), down from $174 million ($2.57 per share) in 2023 [5][8] Production and Sales - Q4 2024 production reached 1,868,000 tonnes, up from 1,347,000 tonnes in Q3 2024, driven by higher output from Chile, New Zealand, Geismar, and Egypt [8][20] - Average realized price in Q4 2024 was $370 per tonne, an increase from $356 per tonne in Q3 2024 [4][8] - Total sales volume for Q4 2024 was 2,564,000 tonnes, slightly down from 2,623,000 tonnes in Q3 2024 [8][10] Operational Highlights - The company achieved its best safety performance in history and commenced commercial production at the G3 facility in July 2024 [6][20] - A quarterly dividend of $0.185 per share was paid in Q4 2024, totaling $12.5 million [20] - The company ended 2024 with a cash balance of $892 million and repaid a $300 million bond using operational cash flows [8][20] Acquisition and Financing - Methanex completed financing for the acquisition of OCI Global's methanol business, including a $650 million Term Loan A and a $600 million bond [8][20] - The company aims to integrate the OCI acquisition and generate strong cash flows to reduce leverage in 2025 [6][20] Future Outlook - Expected production guidance for 2025 is approximately 7.5 million tonnes, excluding any production from OCI assets post-acquisition [27] - Anticipated higher Adjusted EBITDA in Q1 2025 compared to Q4 2024, with average realized prices projected between $395 to $405 per tonne [28]

Financial Data and Key Metrics Changes - Q3 revenue was $66.5 million, up 8.5% year-over-year and up 25% sequentially, at the high end of guidance [8][33] - Consolidated Q3 gross profit margin was 23.3%, down 0.3 percentage points year-over-year but up 1.5 percentage points sequentially [8][35] - Q3 operating loss was $11 million, compared to a loss of $12.8 million in Q2 and a loss of $9.2 million in Q3 2023 [40] - Net loss in Q3 was $9.6 million, compared to a net loss of $13 million in Q2 and a net loss of $5.2 million in Q3 last year [40][41] Business Line Data and Key Metrics Changes - Revenue from the Standard Product business was $64.0 million, up 24.0% year-over-year and up 25.9% sequentially [10] - PAS revenue was $47.6 million, up 16.1% year-over-year and 21.2% quarter-over-quarter, representing 74.3% of Standard Product revenue [11][34] - MSS revenue was $16.4 million, up 54.5% year-over-year and up 41.8% sequentially, representing 25.7% of Standard Product revenue [20][34] Market Data and Key Metrics Changes - The Industrial segment saw strong growth in solar applications, with demand for solar pumps expanding [12] - The Automotive segment showed strength with additional design wins in Japan and China [14] - The Communication segment experienced slight sequential improvement driven by demand for low-voltage MOSFETs for high-end smartphones [15] Company Strategy and Development Direction - The company is transitioning to a pure-play standard products company, focusing on mixed signal expertise in Power ICs and advanced OLED DDICs [9][51] - The company expects to provide 2025 guidance in the next earnings call, indicating confidence in its strategic direction [52] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about the future, highlighting a strong product pipeline and ongoing demand in key markets [51][52] - The company anticipates a flattish revenue outlook for Q4, which is better than typical seasonality [29] Other Important Information - The company ended Q3 with cash of $121.1 million and an additional nonredeemable short-term financial investment of $30 million [43] - Q3 CapEx was $2.6 million, with expectations to spend closer to the high end of the $10 million to $12 million range for the full year [45] Q&A Session Summary Question: What drives the recovery in gross margin? - Management indicated that the recovery is related to the PAS gross margin and the transition from foundry services to power products, which will take time [55][56] Question: What is the outlook for MSS business in 2025? - Management stated that two products are expected to go into production in Q1 2025, with cautious optimism about the product pipeline [58][59] Question: Are there any macro factors affecting OLED customers? - Management noted no significant changes in the market for their products and guided better than seasonal performance for Q4 [72] Question: What drove the uptick in R&D spending in Q3? - R&D spending fluctuates based on product development timing, and the company expects to finish 2024 within the previously communicated OpEx range [67][68]

Magnachip Semiconductor (NYSE: MX) Q3 2024 Earnings Materials October 30, 2024 1 Forward-Looking Statements 2 Information in this presentation regarding Magnachip's forecasts, business outlook, expectations and beliefs are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties. All forward-looking statements included or incorporated by reference in this presentation, including expectations about estimated historical or futur ...

Core Viewpoint - Magnachip reported a quarterly loss of $0.34 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.19, marking a significant earnings surprise of -78.95% [1] - The company achieved revenues of $66.46 million for the quarter ended September 2024, exceeding the Zacks Consensus Estimate by 3.76% and showing an increase from $61.25 million year-over-year [2] Financial Performance - The company has surpassed consensus EPS estimates three times over the last four quarters, although it reported a loss of $0.34 this quarter compared to a loss of $0.04 per share a year ago [1][2] - Magnachip's shares have declined approximately 40% since the beginning of the year, contrasting with the S&P 500's gain of 22.3% [3] Future Outlook - The company's earnings outlook will be crucial for determining the stock's immediate price movement, with current consensus EPS estimates at -$0.29 for the coming quarter and -$0.97 for the current fiscal year [4][7] - The Zacks Rank for Magnachip is currently 3 (Hold), indicating that shares are expected to perform in line with the market in the near future [6] Industry Context - The Semiconductor - Analog and Mixed industry, to which Magnachip belongs, is currently ranked in the top 31% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which could impact Magnachip's performance [5]

Financial Performance - Q3 2024 consolidated revenue was $66.5 million, at the high-end of guidance range of $61.5-66.5 million, representing a 25.0% increase quarter-over-quarter and an 8.5% increase year-over-year[2][5] - Standard product business revenue increased 25.9% sequentially and 24.0% year-over-year, reaching $64.0 million in Q3 2024[2][5] - Total revenues for Q3 2024 were $66,460 thousand, a 9.3% increase compared to $61,245 thousand in Q3 2023[13] - Net sales for the standard products business reached $64,020 thousand in Q3 2024, up 25.5% from $51,619 thousand in Q3 2023[13] - The company expects Q4 2024 consolidated revenue to be in the range of $59.0 to $64.0 million, including approximately $2.0 million from Transitional Foundry Services[7] Profitability and Margins - Q3 2024 consolidated gross profit margin was 23.3%, in-line with the mid-point of guidance range of 22.5-24.5%[2][5] - Gross profit margin for standard products was 24.4% in Q3 2024, compared to 23.1% in Q3 2023[13] - Operating loss for Q3 2024 was $(11,003) thousand, an improvement from $(12,824) thousand in Q3 2023[13] - Net loss for Q3 2024 was $(9,617) thousand, compared to $(12,997) thousand in Q3 2023[13] - The adjusted operating loss for the three months ended September 30, 2024, was $9,026 thousand, compared to an adjusted operating loss of $7,064 thousand for the same period in 2023, indicating a deterioration of 27.7%[16] - The adjusted EBITDA for the three months ended September 30, 2024, was $(4,949) thousand, compared to $(2,735) thousand for the same period in 2023, reflecting a decline of 81.5%[18] Cash and Investments - Cash at the end of Q3 2024 was $121.1 million, with an additional non-redeemable short-term financial investment of $30 million[3] - Cash and cash equivalents decreased to $121,095 thousand as of September 30, 2024, down from $158,092 thousand at December 31, 2023[14] - The net cash used in investing activities for the three months ended September 30, 2024, was $2,269 thousand, a significant decrease from $35,397 thousand for the same period in 2023[15] - The ending cash and cash equivalents as of September 30, 2024, were $121,095 thousand, down from $166,644 thousand as of September 30, 2023, representing a decline of 27.3%[15] Liabilities and Equity - Total liabilities increased to $111,782 thousand as of September 30, 2024, compared to $75,893 thousand at December 31, 2023[14] - Total stockholders' equity decreased to $299,573 thousand as of September 30, 2024, from $344,598 thousand at December 31, 2023[14] Research and Development - Research and development expenses for Q3 2024 were $14,373 thousand, up from $11,627 thousand in Q3 2023[13] Shareholder Actions - The company repurchased approximately 0.5 million shares for an aggregate purchase price of $2.5 million during Q3 2024[3] - The weighted average number of shares for basic and diluted shares was 37,468,849 for the three months ended September 30, 2024, compared to 40,145,290 for the same period in 2023, indicating a reduction of 6.6%[18] Future Expectations - MSS revenue for Q4 2024 is expected to be between $15 million and $17 million, down 2.7% sequentially but up 87% year-over-year[8] - PAS revenue for Q4 2024 is expected to be between $42 million and $45 million, down 8.6% sequentially but up 33.3% year-over-year[8] - The company anticipates full-year 2024 MSS and PAS revenue to grow in double digits year-over-year, compared to $44.4 million and $151.3 million in 2023 respectively[9] Other Financial Metrics - The company recorded $8,449 thousand in termination-related charges for the nine months ended September 30, 2023, due to a voluntary resignation program[17] - The company also recorded $802 thousand in one-time employee incentives during the same period[20] - The company reported a foreign currency loss of $5,066 thousand for the three months ended September 30, 2024, compared to a gain of $3,557 thousand for the same period in 2023[18] - Cash used in operating activities for the three months ended September 30, 2024, was $12,905 thousand, compared to $17,989 thousand for the same period in 2023, showing a decrease of 28.5%[15] - Adjusted Net Loss is defined as net loss adjusted to exclude several non-cash expenses and other items not indicative of core operating performance[19] - The company believes Adjusted Net Loss reflects the impact of its asset base and capital structure on operating performance[19] New Technology - New OLED driver technology was introduced, featuring over 20% reduction in power consumption compared to the previous generation[4]

Magnachip (MX) came out with a quarterly loss of $0.21 per share versus the Zacks Consensus Estimate of a loss of $0.32. This compares to loss of $0.06 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 34.38%. A quarter ago, it was expected that this chip products maker would post a loss of $0.33 per share when it actually produced a loss of $0.28, delivering a surprise of 15.15%. Over the last four quarters, the company has su ...