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Full-Year 2006 results at Freescale 05-02-07

Freescale Semiconductor announced preliminary financial results for the fourth quarter and full-year 2006. Net sales for the fourth quarter of 2006 were $1.62 billion, in-line with third quarter 2006 sales of $1.62 billion, and 9% above the $1.48 billion reported in the fourth quarter of 2005. Full-year 2006 net sales were $6.36 billion, an increase of 9% over the prior year total of $5.84 billion.

 

The Transportation and Standard Products segment reported net sales of $677 million in the fourth quarter of 2006, compared to $683 million in the third quarter of 2006 and $649 million in the fourth quarter of 2005. Revenues for 2006 were $2.71 billion, a 6% increase over the prior year total of $2.57 billion.

The Wireless and Mobile Solutions segment reported net sales of $578 million in the fourth quarter of 2006, compared to $539 million in the third quarter of 2006 and $476 million in the fourth quarter of 2005. Revenues for 2006 were $2.14 billion, a 20% increase over the prior year.

The Networking and Computing Systems segment reported net sales of $343 million, compared to $369 million in the third quarter of 2006 and $338 million in the fourth quarter of 2005. Revenues for 2006 were $1.43 billion, essentially flat with the prior year.

 

Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) for the fourth quarter of 2006 were $401 million or 25% of net sales, compared to $433 million, or 27% of net sales, for the third quarter of 2006 and $362 million, or 24% of net sales, for the fourth quarter of 2005. EBITDA for full-year 2006 was $1.63 billion or 26% of net sales, representing growth of 22% on a year-over-year basis.

 
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