Product category:
Microprocessors, Microcontrollers and DSPs
News Release from: Freescale Semiconductor
Edited by the Electronicstalk Editorial
Team on 06 February 2007
Diversified business model keeps
Freescale stable
Freescale Semiconductor has announced preliminary financial results for the fourth quarter and full-year 2006.
Freescale Semiconductor has announced preliminary financial results for the fourth quarter and full-year 2006 Highlights for the quarter and full-year include: net sales of US $1.62 billion for the fourth quarter 2006; full-year 2006 net sales of $6.36 billion; fourth quarter 2006 EBITDA of $401 million or 25% of net sales; and full-year 2006 EBITDA of $1.63 billion or 26% of net sales
This article was originally published on Electronicstalk on 20 Mar 2001 at 8.00am (UK)
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"Freescale delivered solid performance in the fourth quarter and throughout 2006", said Michel Mayer, Chairman and CEO.
"Our diversified business model continues to provide stability in a challenging market".
The company expects to provide audited GAAP results for the full-year 2006, which will include material purchase accounting adjustments, during the first quarter of 2007.
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The financial results included herein are unaudited and presented on a non GAAP basis, as they exclude all merger-related costs and the impact of purchase accounting associated with the company's acquisition by a private equity consortium completed in December 2006.
Net sales for the fourth quarter of 2006 were $1.62 billion, in-line with third quarter 2006 sales of $1.62 billion, and 9% above the $1.48 billion reported in the fourth quarter of 2005.
Full-year 2006 net sales were $6.36 billion, an increase of 9% over the prior year total of $5.84 billion.
Earnings before interest, taxes, depreciation and amortisation (EBITDA) for the fourth quarter of 2006 were $401 million or 25% of net sales, compared with $433 million, or 27% of net sales, for the third quarter of 2006 and $362 million, or 24% of net sales, for the fourth quarter of 2005.
EBITDA for full-year 2006 was $1.63 billion or 26% of net sales, representing growth of 22% on a year-over-year basis.
The Transportation and Standard Products segment reported net sales of $677 million in the fourth quarter of 2006, compared with $683 million in the third quarter of 2006 and $649 million in the fourth quarter of 2005.
Revenues for 2006 were $2.71 billion, a 6% increase over the prior year total of $2.57 billion.
The Wireless and Mobile Solutions segment reported net sales of $578 million in the fourth quarter of 2006, compared with $539 million in the third quarter of 2006 and $476 million in the fourth quarter of 2005.
Revenues for 2006 were $2.14 billion, a 20% increase over the prior year.
The Networking and Computing Systems segment reported net sales of $343 million, compared with $369 million in the third quarter of 2006 and $338 million in the fourth quarter of 2005.
Revenues for 2006 were $1.43 billion, essentially flat with the prior year.
Excluding the impact of discontinued businesses, revenues increased 15% and 14%, respectively, for the fourth quarter and full-year 2006.
Cash, cash equivalents and marketable securities were $710 million at 31st December 2006.
Capital expenditures were $149 million and $714 million, respectively, for the fourth quarter and for full-year 2006.
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