Call Start: 08:30 January 1, 0000 9:35 AM ET
MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)
Q4 2024 Earnings Conference Call
November 07, 2024 08:30 AM ET
Company Participants
Steve Ferranti - Vice President, Corporate Development & Investor Relations
Steve Daly - President & Chief Executive Officer
Jack Kober - Chief Financial Officer
Conference Call Participants
David Williams - The benchmark company
Harsh Kumar - Piper Sandler
Tore Svanberg - Stifel
Srini Pajjuri - Raymond James
Karl Ackerman - BNP Paribas
Peter Peng - JPMorgan
Richard Shannon - Craig-Hallum
Nick Doyle - Needham & Company
Operator
Welcome to MACOM’s Fourth Fiscal Quarter 2024 Conference Call. This call is being recorded today, Thursday, November 7, 2024. At this time, all participants are in a listen-only mode.
I will now turn the call over to Mr. Steve Ferranti, MACOM’s Vice President of Corporate Development and Investor Relations. Mr. Ferranti, please go ahead.
Steve Ferranti
Thank you, Olivia. Good morning and welcome to our call to discuss MACOM’s financial results for the fourth fiscal quarter and full fiscal year of 2024. I would like to remind everyone that our discussion today will contain forward-looking statements, which are subject to certain risks and uncertainties as defined in the Safe Harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995.
Actual results may differ materially from those discussed today. For a more detailed discussion of the risks and uncertainties that could result in those differences, we refer you to MACOM’s filings with the SEC.
Management’s statements during this call will also include discussion of certain adjusted non-GAAP financial information. A reconciliation of GAAP to adjusted non-GAAP results are provided in the company’s press release and related Form 8-K, which was filed with the SEC today.
With that, I’ll turn over the call to Steve Daly, President and CEO of MACOM.
Steve Daly
Thank you and good morning. I will begin today’s call with a general company update. After that, Jack Kober, our Chief Financial Officer, will review our Q4 and full year results for 2024. When Jack is finished, I will provide revenue and earnings guidance for the first quarter of our fiscal 2025 and then we will be happy to take some questions.
Revenue for the fourth quarter of fiscal 2024 was $200.7 million and adjusted EPS was $0.73 per diluted share. For the full year, FY 2024 revenue was $729.6 million and EPS was $2.56. We ended our fiscal year with record quarterly revenues and our Q4 free cash flow of just over $57 million.