U.S. Markets closed

Free Post Earnings Research Report: ASML’s Quarterly Earnings Advanced 26.85%

LONDON, UK / ACCESSWIRE / July 20, 2018 / If you want access to our free earnings report on ASML Holding N.V. (NASDAQ: ASML) ("ASML"), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=ASML. The Company reported its financial results on July 18, 2018, for the second quarter of the fiscal year 2018, ended July 01, 2018. The Company’s sales and gross margin were above expectations for Q2 FY18, including higher than forecasted EUV sales. Register today and get access to over 1,000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, ASML Holding most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=ASML

Earnings Highlights and Summary

It must be noted that ASML’s primary accounting standard for quarterly earnings releases and annual reports is US GAAP. However, the Company also reports financial figures in accordance with IFRS for statutory purposes. The most significant differences between US GAAP and IFRS that affect ASML concern the capitalization of certain product development costs and the accounting of income taxes. In this earnings summary, we have covered the financial statements on a US GAAP basis.

For Q2 FY18, ASML’s net sales reached €2.74 billion, reflecting an increase of 30.41% from €2.10 billion in Q2 FY17, led by strong sales across the Company’s full product portfolio. During the quarter under review, ASML’s net system sales increased 50.75% to €2.09 billion on a y-o-y basis, while its net service and field option sales fell 8.84% to €653.90 million on a y-o-y basis.

During Q2 FY18, ASML’s cost of sales was €1.55 billion, 34.51% higher than €1.15 billion in Q2 FY17. The Company’s gross profit advanced 25.40% to €1.19 billion in the reported quarter from €946.50 million in the previous year’s comparable quarter.

ASML incurred selling, marketing, and administrative expenses of €117.40 million in Q2 FY18, up 15.10% from €102 million in Q2 FY17. For the reported quarter, the Company’s research and development (R&D) expenses jumped 21.55% to €380.10 million on a y-o-y basis. ASML’s income from operations was €689.40 million in Q2 FY18 compared to €555.80 million in Q2 FY17, reflecting an increase of 24.04%.

ASML’s net income was €584 million in Q2 FY18, up 25.24% from €466.30 million in Q2 FY17. The Company’s net income per share also advanced 26.85% to €1.37 in Q2 FY18 from €1.08 in Q2 FY17.

Cash Matters

ASML had cash and cash equivalents of €2.33 billion as on July 01, 2018, 21.50% higher than €1.91 billion as on July 02, 2017. The Company had a long-term debt of €3 billion at the end of Q2 FY8, reflecting a slight increase of 0.39% from Q2 FY17.

For the quarter ended July 01, 2018, ASML’s cash flow from operating activities were €759.10 million, representing an increase of 43.15% from €530.30 million in the comparable period of last year. The Company spent €125.60 million on the purchase of property, plant, and equipment in Q2 FY18 compared to €56.30 million in Q2 FY17, reflecting an increase of 123.09%.

ASML distributed dividends of €597.10 million in Q2 FY18, 15.56% higher than €516.70 million in Q2 FY17.

In January 2018, as part of ASML’s financial policy to return excess cash to shareholders through dividends and regularly-timed share buybacks, ASML announced its intention to purchase up to €2.50 billion of shares, to be executed within the 2018 – 2019 time frame. The Company now intends to cancel these shares after repurchase, with the exception of up to 2.40 million shares, which will be used to cover employee share plans. Through July 01, 2018, ASML has acquired 2.60 million shares under this program for a total consideration of €439 million.

Outlook

For the third quarter of the fiscal year 2018, ASML expects net sales to be between €2.70 billion and €2.80 billion, and its gross margin to be between 47% and 48%. The Company anticipates R&D costs of about €395 million and SG&A costs of about €120 million for Q3 FY18.

Stock Performance Snapshot

July 19, 2018 - At Thursday’s closing bell, ASML’s stock fell 1.21%, ending the trading session at $215.26.

Volume traded for the day: 840.37 thousand shares, which was above the 3-month average volume of 838.95 thousand shares.

Stock performance in the last month – up 4.40%; previous three-month period – up 10.33%; past twelve-month period – up 42.91%; and year-to-date – up 23.84%

After yesterday’s close, ASML’s market cap was at $90.94 billion.

Price to Earnings (P/E) ratio was at 36.01.

The stock has a dividend yield of 0.80%.

The stock is part of the Technology sector, categorized under the Semiconductor Equipment & Materials industry.

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com
Phone number: 73 29 92 6381
Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

SOURCE: Active-Investors