Advertisement

News Wire

Freescale Posts Q3 Results

AUSTIN, Texas — Freescale Semiconductor Holdings I, Ltd. today announced financial results for the third quarter ended October 1, 2010.

Highlights for the third quarter include:

• Net sales of $1.15 billion;
• Trailing twelve month Adjusted EBITDA of $1.06 billion;
• Cash and cash equivalents of $1.07 billion at October 1, 2010.

“Third quarter results continued our momentum with growth in revenues and profitability for Freescale,” said Rich Beyer, chairman and CEO. “All of our core businesses grew sequentially and year over year, and we continued to solidify our embedded processing solutions leadership with consecutive record quarterly design wins.”

Operating Results

Net sales for the third quarter of 2010 were $1.15 billion, compared to $1.11 billion in the second quarter of 2010 and $893 million in the third quarter last year.

Income from operations for the three months ended October 1, 2010 was $1 million, compared to a loss of $18 million in the second quarter of 2010 and a loss of $261 million in the third quarter of 2009.

Adjusted operating earnings (defined in Note 1 to the Notes to the Consolidated Financial Information attached to this press release) for the three months ended October 1, 2010, were $158 million, compared to earnings of $136 million in the second quarter of 2010 and $12 million in the third quarter of 2009.

Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA), (defined in Note 1 to the Notes to the Consolidated Financial Information attached to this press release) were $253 million for the third quarter of 2010, compared to $229 million in the second quarter of 2010 and $119 million in the third quarter of 2009.

Descriptions of adjusted gross margin, EBITDA, Adjusted EBITDA and adjusted operating earnings (loss), and the reconciliations to our GAAP results are included in the tables and notes attached to this press release.

Product Revenues

The company’s net sales figures for the third quarter of 2010 are as follows:

• Microcontroller net sales were $418 million in the third quarter of 2010, compared to $387 million in the second quarter of 2010 and $294 million in the third quarter of 2009.
• RF, Analog and Sensor net sales were $272 million in the third quarter of 2010, compared to $254 million in the second quarter of 2010 and $208 million in the third quarter of 2009.
• Networking and Multimedia net sales were $338 million in the third quarter of 2010, compared to $303 million in the second quarter of 2010 and $234 million in the third quarter of 2009.
• Cellular net sales were $90 million in the third quarter of 2010, compared to $133 million in the second quarter of 2010 and $122 million in the third quarter of 2009.
• Other net sales were $30 million in the third quarter of 2010 compared to $31 million in the second quarter of 2010 and $35 million in the third quarter of 2009.

Financial Position

Cash and cash equivalents were $1.07 billion on October 1, 2010, inclusive of interest payments, bond repurchases, and capital expenditures.

{complink 2134|Freescale Semiconductor Inc.}

0 comments on “Freescale Posts Q3 Results

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.