- Full year 2017 sales up 22% from 2016
- Universal Robots 2017 sales up 72% from 2016
- Quarterly dividend increased 29% to $0.09 beginning Q1’18
- Expect to repurchase $750 million in shares in 2018 as part of a new $1.5 billion share repurchase program
| Q4'17 | Q4'16 | Q3'17 | FY 2017 | FY 2016 | ||||||||||||||||
| Orders (mil) | $ 560 | $ 628 | $ 410 | $ 2,026 | $ 1,867 | |||||||||||||||
| Revenue (mil) | $ 479 | $ 380 | $ 503 | $ 2,137 | $ 1,753 | |||||||||||||||
| GAAP EPS | ($ 0.54 ) | $ 0.33 | $ 0.52 | $ 1.28 | ($ 0.21 ) | |||||||||||||||
| Non-GAAP EPS | $ 0.46 | $ 0.32 | $ 0.54 | $ 2.34 | $ 1.51 | |||||||||||||||
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NORTH READING, Mass., Jan. 24, 2018 (GLOBE NEWSWIRE) -- Teradyne, Inc. (NYSE:TER) reported revenue of $479 million for the fourth quarter of 2017 of which $317 million was in Semiconductor Test, $80 million in System Test, $54 million in Industrial Automation, and $28 million in Wireless Test. GAAP net loss for the fourth quarter was ($105.9) million or ($0.54) per share. GAAP results include a $184 million discrete tax charge related to the impact of U.S. tax policy changes1. On a non-GAAP basis, Teradyne’s net income in the fourth quarter was $91.4 million, or $0.46 per diluted share, which excluded acquired intangible asset amortization, pension actuarial gains, restructuring and other charges, non-cash convertible debt interest, discrete income tax adjustments, and included the related tax impact on non-GAAP adjustments.
Orders in the fourth quarter of 2017 were $560 million of which $410 million were in Semiconductor Test, $69 million in System Test, $56 million in Industrial Automation, and $24 million in Wireless Test.
"The fourth quarter capped off a great 2017 at Teradyne. In Q4, Semi Test sales were up 17% compared to Q4 of 2016 and up 22% for the full year,” said CEO and President Mark Jagiela. “Universal Robots Q4 sales grew 61% from Q4’16 and 72% for the full year driven by increased awareness of the economic advantages of our cobots for an expanded range of applications. Overall, the total company grew 22% in sales and 55% in non-GAAP EPS in 2017."
