APWC Announces Financial Results for the Second Quarter of 2025

Financial Performance - The company reported quarterly revenue of $126.9 million, representing a 26% increase from the previous quarter and an 11% increase year-over-year [1][6][7] - Earnings per share (EPS) for the quarter were $0.03, up 143% from the previous quarter and up 250% from a year ago [2][6][7] Operational Insights - Copper unit volume increased by 13% in the second quarter but decreased by 9% compared to the same period last year [2] - The gross profit margin for the second quarter was 6.8%, up from 3.6% in the previous quarter and 4.3% year-over-year, driven by a higher margin product mix [11] Market Dynamics - The company experienced revenue growth despite trade uncertainties, benefiting from customers pulling forward orders ahead of tariff implementations [3][9] - Increased competition and over-capacity in China's industrial sector have led to price pressures in some markets [3] Strategic Initiatives - The company plans to leverage low tariff rates from some manufacturing sites to enhance revenue growth [4] - A rights offering is being prepared to fund investments in new production facilities, with site selection including options in North America [5] Segment Performance - Revenue from North Asia was $22.8 million, up 21% sequentially and 18% year-over-year, driven by electric vehicle development and order pull-forward [9] - Thailand's revenue increased by 10% year-over-year and 22% sequentially, attributed to higher order volumes and foreign exchange appreciation [10] Balance Sheet and Cash Flow - Cash and cash equivalents were $35.0 million, a decrease of $3.3 million from the previous quarter due to increased supplier payments [13] - Trade receivables increased by $13.0 million to $97.7 million, reflecting higher customer orders [13]