Sonocom Announces Earnings Results for the Fourth Quarter and Year Ended December 31, 2015; Provides Earnings Guidance for the First Quarter of 2016 and Full Year of 2016
February 17, 2016 at 11:41 am EST
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Sonocom announced earnings results for the fourth quarter and year ended December 31, 2015. For the quarter, the company reported net income attributable to the company for the fourth quarter ended December 31, 2015 was $56.06 million, or $0.55 per diluted share, compared to $49.02 million, or $0.48 per diluted share, for the same quarter ended December 31, 2014. Net sales for the fourth quarter ended December 31, 2015 were $1.27 billion, compared to $1.32 billion for the same quarter ended December 31, 2014.
For the year, the company reported net income attributable to the company for the year ended December 31, 2015 was $250.14 million, or $2.44 per diluted share, compared to $225.92 million, or $2.19 per diluted share, for the year ended December 31, 2014. Net sales for the year ended December 31, 2015 were $4.96 billion, compared to $5.02 billion for the year ended December 31, 2014
For the first quarter of 2016, the company expects base earnings per diluted share to be in the range of $0.57 to $0.62.
For the 2016, the company expects base earnings per diluted share to be in the range of $2.64 to $2.74.
SONOCOM CO.,LTD. is a Japan-based company mainly engaged in the manufacture and sale of screen masks and photo masks for electronic industry. The Company operates through two business segments. The Screen Mask segment is mainly engaged in the manufacture and sale of screen masks for electronic components producing and printed circuit board surfaces mounting. The Photo Mask segment is mainly engaged in the manufacture and sale of photo masks for display element production. The Company is also engaged in the purchase and sale of printing machine, squeegees and other screen printing equipment.
Sonocom Announces Earnings Results for the Fourth Quarter and Year Ended December 31, 2015; Provides Earnings Guidance for the First Quarter of 2016 and Full Year of 2016