Fabrinet(US:FN)2021-08-18 18:51Company Overview - Fabrinet is a global leader in advanced precision optical/electronic/mechanical manufacturing services, focusing on high-mix/low-volume mission-critical components and modules[4] - The company has factories in Thailand, China, New Jersey, California, United Kingdom, and Israel, with over 10,000 employees and approximately 2.0 million sq ft of facilities[5] Financial Performance - Fabrinet's Q4 2021 revenue reached a record of $509.6 million, exceeding the guidance range, representing a 26% year-over-year increase compared to $405.1 million in Q4 2020[9, 13] - The company's Q4 2021 non-GAAP gross margin was 12.3%, within the target range of 12.0-12.5%[14] - Q4 2021 non-GAAP EPS was a record $1.31, surpassing the guidance range[14] - For the three months ended June 25, 2021, GAAP net income was $42.4 million ($1.13 diluted EPS), while non-GAAP net income was $49.4 million ($1.31 diluted EPS)[13] - The non-GAAP gross profit for the three months ended June 25, 2021, was $62.6 million, resulting in a gross margin of 12.3%[13, 16] - The non-GAAP operating profit for the three months ended June 25, 2021, was $50.5 million, resulting in an operating margin of 9.9%[13, 17] Balance Sheet - As of June 25, 2021, Fabrinet's cash, cash equivalents, and marketable securities totaled $548.1 million[15] - The company's total shareholders' equity as of June 25, 2021, was $1,112.5 million[15] Revenue Mix - In F4Q21, Optical Communications accounted for 76% of total revenue, while Non-Optical Communications accounted for 24%[10, 20]