Last $62.40 USD
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nxp semiconductors nv (NXPI) Key Developments

NXP Semiconductors NV Announces Unaudited Consolidated Earnings Results for the Second Quarter Ended June 29, 2014; Provides Earnings Guidance for the Third Quarter of 2014

NXP Semiconductors NV announced unaudited consolidated earnings results for the second quarter and six months ended June 29, 2014. For the quarter, the company's revenue was $1,349 million compared to $1,188 million for the same period in 2013. Operating income was $249 million compared to $170 million for the same period in 2013. Income before taxes was $189 million compared to $124 million for the same period in 2013. Net income attributable to stockholders was $159 million or $0.64 per diluted share compared to $111 million or $0.43 per basic and diluted share for the same period in 2013. Net cash provided by operating activities was $242 million compared to $160 million for the same period in 2013. Purchase of identified intangible assets was $9 million compared to $11 million for the same period in 2013. Capital expenditures on property, plant and equipment was $89 million compared to $49 million for the same period in 2013. Non-GAAP Operating income was $334 million compared to $256 million for the same period in 2013. Non-GAAP Net income attributable to stockholders was $273 million or $1.09 per diluted share compared to $182 million or $0.71 per diluted share for the same period in 2013. EBITDA was $353 million compared to $305 million for the same period in 2013. Adjusted EBITDA was $391 million compared to $320 million for the same period in 2013. Net debt reduced $170 million year-on-year to $2,812 million. Free cash flow was $114 million. For the six months, the company reported revenue of $2,595 million against $2,273 million a year ago. Operating income was $432 million against $285 million a year ago. Income before income taxes was $327 million against $87 million a year ago. Net income attributable to stockholders was $269 million or $1.07 diluted per share against $97 million or $0.38 diluted per share a year ago. Net cash provided by operating activities was $515 million and $279 million for the first six months of 2014 and 2013, respectively. The improvement was primarily due to an increase in operating income and positive development in working capital. Purchase of identified intangible assets was $18 million compared to $17 million for the same period in 2013. Capital expenditures on property, plant and equipment was $140 million compared to $90 million for the same period in 2013. For the third quarter of 2014, the company expects total revenue to be in the range of $1,471 million to $1,522 million. Non-GAAP operating income expects to be in the range of $370 million to $395 million. Non-GAAP net income expects to be in the range of $311 million or $1.25 per share to $336 million or $1.35 per share. The company anticipates non-GAAP gross profit to be in a range of approximately $700 million to $735 million. The company expects non-GAAP gross margin to be about 48% at the midpoint, plus or minus. Interest expense on debt should be approximately $35 million; and cash taxes are expected to be roughly $7 million; non-controlling interest expense should be about $17 million.

NXP Semiconductors NV to Report Q2, 2014 Results on Jul 23, 2014

NXP Semiconductors NV announced that they will report Q2, 2014 results at 5:00 PM, Eastern Standard Time on Jul 23, 2014

NXP Semiconductors NV, Q2 2014 Earnings Call, Jul 24, 2014

NXP Semiconductors NV, Q2 2014 Earnings Call, Jul 24, 2014

NXP Semiconductors N.V. Appoints Rick Tsai as Non-Executive Director, July 1, 2014

NXP Semiconductors N.V. announced that Dr. Rick Tsai has been appointed as non-executive director in its Board of Directors, effective July 1, 2014. As of January 28, 2014, Dr. Tsai is Chairman and Chief Executive Officer of Chunghwa Telecom Co. Ltd. Prior to joining Chunghwa Telecom, Dr. Tsai served as the Chairman and Chief Executive Officer of TSMC Solar and TSMC Solid State Lighting since 2011.

NXP Semiconductors N.V. Announces the Availability of the TEF510x

NXP Semiconductors N.V. has announced the availability of the TEF510x, the second product from the RoadLINK range, to automotive original equipment manufacturers, or OEMs, and Tier 1 suppliers for design-in. The TEF510x is a dual radio multi band RF transceiver for Car-to-X (C2X) applications. Supporting global C2X and Wi-Fi standards, the TEF510x provides OEMs with an optimized solution to meet 802.11p modem functionality on one chip. The chip has the flexibility to support global deployments and various system configurations. The TEF510x RF transceiver meets Japanese 760Mz C2X requirements, US and European (5.9GHz) as well as Wi-Fi and DSRC (5.8GHz) specifications. It will be released for automotive production in 2015 and is expected to be available to consumers as early as 2016. Together with the NXP/Cohda Wireless SAF510x baseband processor, powered by software defined radio technology, the RoadLINK chip provides fast, accurate and reliable communication to and from the vehicle. RoadLINK takes C2X communications to the next level by bringing safety-critical information to the driver significantly faster than current, conventional applications can.

 

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