InterDigital(US:IDCC) Globenewswireยท2025-02-06 13:30Core Insights - InterDigital, Inc. reported record revenue and earnings per share (EPS) for 2024, driven by strong business performance and increased licensing agreements with major device manufacturers [1][2] - The company announced a 33% increase in its quarterly dividend, raising it from $0.45 to $0.60 per share, effective from the second quarter of 2025 [5] Financial Performance - For Q4 2024, revenues reached $252.8 million, a 140% increase year-over-year, while full-year revenues totaled $868.5 million, up 58% from 2023 [3][23] - Net income for Q4 2024 was $133.1 million, a 241% increase compared to $39.1 million in Q4 2023, with a full-year net income of $358.6 million, up 68% from $214.1 million in 2023 [3][23] - Diluted EPS for Q4 2024 was $4.09, a 190% increase from $1.41 in Q4 2023, and for the full year, it was $12.07, up 58% from $7.62 in 2023 [3][23] Revenue Breakdown - Revenue from smartphones was $230.6 million in Q4 2024, a 162% increase year-over-year, while full-year smartphone revenue was $597.5 million, up 28% from 2023 [3] - The CE, IoT/Auto segment saw revenues of $21.8 million in Q4 2024, a 28% increase, and $268.7 million for the full year, a significant 232% increase from 2023 [3] Return of Capital to Shareholders - In fiscal year 2024, the company returned a total of $109.8 million to shareholders through share repurchases and dividends [4] - The Board of Directors approved a quarterly cash dividend increase, reflecting the company's strong financial position and commitment to returning capital to shareholders [5] Near-Term Outlook - For Q1 2025, the company expects revenues between $112 million and $116 million, and for the full year 2025, revenues are projected to be between $660 million and $760 million [10] - Adjusted EBITDA for Q1 2025 is expected to be between $53 million and $60 million, with full-year adjusted EBITDA projected between $400 million and $495 million [10]