Connect with us

Technology

Analog Devices Reports Fourth Quarter and Fiscal 2024 Financial Results

Published

8 hours ago

on

Fourth quarter revenue of more than $2.4 billion, above the midpoint of guidance with sequential growth across all end marketsFiscal 2024 revenue of more than $9.4 billionFiscal 2024 operating cash flow of $3.9 billion and free cash flow of $3.1 billionReturned more than $2.4 billion to shareholders in fiscal 2024, including $0.6 billion of share repurchases and $1.8 billion of dividends

WILMINGTON, Mass., Nov. 26, 2024 /PRNewswire/ — Analog Devices, Inc. (Nasdaq: ADI), a global semiconductor leader, today announced financial results for its fiscal fourth quarter and fiscal year 2024, which ended November 2, 2024.

“ADI’s revenue, profitability, and earnings per share all finished above our guided midpoint, underscoring continued business momentum and solid execution,” said Vincent Roche, CEO and Chair.  “While unprecedented customer inventory headwinds drove a historic revenue decline during fiscal 2024, we maintained operating margins north of 40%, which is a testament to our business model’s resilience. We also continued to make strategic, long-term investments across engineering, manufacturing, and the end-to-end customer experience. As such, we enter 2025 as an even stronger enterprise, giving me the utmost confidence in our ability to drive increased value for customers and shareholders over the long term.”

“After a brief decline in overall bookings during our third quarter, orders picked up steadily throughout the fourth quarter, particularly in the Automotive end market. While macro uncertainty continues to limit the pace of our recovery, we remain cautiously optimistic for a strong growth year in fiscal 2025,” said Richard Puccio, CFO.

Performance for the Fourth Quarter and Fiscal Year 2024

Results Summary(1)

(in millions, except per-share amounts and percentages)

Three Months Ended

Twelve Months Ended

Nov. 2,
2024

Oct. 28,
2023

Change

Nov. 2,
2024

Oct. 28,
2023

Change

Revenue

$    2,443

$    2,716

(10) %

$    9,427

$  12,306

(23) %

Gross margin

$    1,416

$    1,647

(14) %

$    5,381

$    7,877

(32) %

Gross margin percentage

58.0 %

60.6 %

(260 bps)

57.1 %

64.0 %

(690 bps)

Operating income

$       569

$       634

(10) %

$    2,033

$    3,823

(47) %

Operating margin

23.3 %

23.4 %

(10 bps)

21.6 %

31.1 %

(950 bps)

Diluted earnings per share

$      0.96

$      1.00

(4) %

$      3.28

$      6.55

(50) %

Adjusted Results(2)

Adjusted gross margin

$    1,660

$    1,907

(13) %

$    6,404

$    8,925

(28) %

Adjusted gross margin percentage

67.9 %

70.2 %

(230 bps)

67.9 %

72.5 %

(460 bps)

Adjusted operating income

$    1,005

$    1,215

(17) %

$    3,853

$    6,014

(36) %

Adjusted operating margin

41.1 %

44.7 %

(360 bps)

40.9 %

48.9 %

(800 bps)

Adjusted diluted earnings per share

$      1.67

$      2.01

(17) %

$      6.38

$    10.09

(37) %

Three Months Ended

Trailing Twelve
Months

Cash Generation

Nov. 2, 2024

Nov. 2, 2024

Net cash provided by operating activities

$                          1,051

$                            3,853

% of revenue

43 %

41 %

Capital expenditures

$                            (165)

$                              (730)

Free cash flow(2)

$                             885

$                            3,122

% of revenue

36 %

33 %

Three Months Ended

Trailing Twelve
Months

Cash Return

Nov. 2, 2024

Nov. 2, 2024

Dividend paid

$                           (457)

$                          (1,795)

Stock repurchases

(95)

(616)

Total cash returned

$                           (552)

$                          (2,411)

(1) The sum and/or computation of the individual amounts may not equal the total due to rounding.

(2) Reconciliations of non-GAAP financial measures to their most directly comparable GAAP financial measures are provided in the financial tables included in this press release.  See also the “Non-GAAP Financial Information” section for additional information.

 

Outlook for the First Quarter of Fiscal Year 2025

For the first quarter of fiscal 2025, we are forecasting revenue of $2.35 billion, +/- $100 million. At the midpoint of this revenue outlook, we expect reported operating margin of approximately 22.0%, +/- 130 bps, and adjusted operating margin of approximately 40.0%, +/- 100 bps. We are planning for reported EPS to be $0.80, +/- $0.10, and adjusted EPS to be $1.53, +/- $0.10.  

Our first quarter fiscal 2025 outlook is based on current expectations and actual results may differ materially as a result of, among other things, the important factors discussed at the end of this release. These statements supersede all prior statements regarding our business outlook set forth in prior ADI news releases, and ADI disclaims any obligation to update these forward-looking statements.

The adjusted results and adjusted anticipated results above are financial measures presented on a non-GAAP basis. Reconciliations of these non-GAAP financial measures to their most directly comparable GAAP financial measures are provided in the financial tables included in this release. See also the “Non-GAAP Financial Information” section for additional information.

Dividend Payment

The ADI Board of Directors has declared a quarterly cash dividend of $0.92 per outstanding share of common stock. The dividend will be paid on December 20, 2024 to all shareholders of record at the close of business on December 9, 2024.

Conference Call Scheduled for Today, Tuesday, November 26, 2024 at 10:00 am ET

ADI will host a conference call to discuss our fourth quarter and fiscal 2024 results and short-term outlook today, beginning at 10:00 am ET. Investors may join via webcast, accessible at investor.analog.com.

Non-GAAP Financial Information

This release includes non-GAAP financial measures that are not in accordance with, nor an alternative to, U.S. generally accepted accounting principles (GAAP) and may be different from non-GAAP measures presented by other companies. In addition, these non-GAAP measures are not based on any comprehensive set of accounting rules or principles. These non-GAAP measures have material limitations in that they do not reflect all of the amounts associated with the Company’s results of operations as determined in accordance with GAAP and should not be considered in isolation from, or as a substitute for, the Company’s financial results presented in accordance with GAAP. The Company’s use of non-GAAP measures, and the underlying methodology when including or excluding certain items, is not necessarily an indication of the results of operations that may be expected in the future, or that the Company will not, in fact, record such items in future periods. You are cautioned not to place undue reliance on these non-GAAP measures. Reconciliations of these non-GAAP financial measures to their most directly comparable GAAP financial measures are provided in the financial tables included in this release.

Management uses non-GAAP measures internally to evaluate the Company’s operating performance from continuing operations against past periods and to budget and allocate resources in future periods. These non-GAAP measures also assist management in evaluating the Company’s core business and trends across different reporting periods on a consistent basis. Management also uses these non-GAAP measures as primary performance measurements when communicating with analysts and investors regarding the Company’s earnings results and outlook and believes that the presentation of these non-GAAP measures is useful to investors because it provides investors with the operating results that management uses to manage the Company and enables investors and analysts to evaluate the Company’s core business. Management also believes that free cash flow, a non-GAAP liquidity measure, is useful both internally and to investors because it provides information about the amount of cash generated after capital expenditures that is then available to repay debt obligations, make investments and fund acquisitions, and for certain other activities. 

The non-GAAP financial measures referenced by ADI in this release include: adjusted gross margin, adjusted gross margin percentage, adjusted operating expenses, adjusted operating expenses percentage, adjusted operating income, adjusted operating margin, adjusted nonoperating expense (income), adjusted income before income taxes, adjusted provision for income taxes, adjusted tax rate, adjusted diluted earnings per share (EPS), free cash flow, and free cash flow revenue percentage.

Adjusted gross margin is defined as gross margin, determined in accordance with GAAP, excluding: certain acquisition related expenses1, which are described further below. Adjusted gross margin percentage represents adjusted gross margin divided by revenue.

Adjusted operating expenses is defined as operating expenses, determined in accordance with GAAP, excluding: certain acquisition related expenses1, acquisition related transaction costs2, and special charges, net3, which are described further below. Adjusted operating expenses percentage represents adjusted operating expenses divided by revenue.

Adjusted operating income is defined as operating income, determined in accordance with GAAP, excluding: acquisition related expenses1, acquisition related transaction costs2, and special charges, net3, which are described further below. Adjusted operating margin represents adjusted operating income divided by revenue.

Adjusted nonoperating expense (income) is defined as nonoperating expense (income), determined in accordance with GAAP, excluding: certain acquisition related expenses1, which is described further below.

Adjusted income before income taxes is defined as income before income taxes, determined in accordance with GAAP, excluding: acquisition related expenses1, acquisition related transaction costs2, and special charges, net3, which are described further below.

Adjusted provision for income taxes is defined as provision for income taxes, determined in accordance with GAAP, excluding tax related items4, which are described further below. Adjusted tax rate represents adjusted provision for income taxes divided by adjusted income before income taxes. 

Adjusted diluted EPS is defined as diluted EPS, determined in accordance with GAAP, excluding: acquisition related expenses1, acquisition related transaction costs2, special charges, net3, and tax related items4, which are described further below. 

Free cash flow is defined as net cash provided by operating activities, determined in accordance with GAAP, less additions to property, plant and equipment, net. Free cash flow revenue percentage represents free cash flow divided by revenue. 

1Acquisition Related Expenses: Expenses incurred as a result of current and prior period acquisitions and primarily include expenses associated with the fair value adjustments to debt, inventory, property, plant and equipment and amortization of acquisition related intangibles, which include acquired intangibles such as purchased technology and customer relationships. Expenses also include fair value adjustments associated with the replacement of share-based awards related to the Maxim Integrated Products, Inc. (Maxim) acquisition. We excluded these costs from our non-GAAP measures because they relate to specific transactions and are not reflective of our ongoing financial performance.

2Acquisition Related Transaction Costs: Costs directly related to the Maxim acquisition, including legal, accounting and other professional fees as well as integration-related costs. We excluded these costs from our non-GAAP measures because they relate to a specific transaction and are not reflective of our ongoing financial performance.

3Special Charges, net: Expenses, net, incurred as part of the integration of Maxim, in connection with facility closures, consolidation of manufacturing facilities, severance, other accelerated stock-based compensation expense and other cost reduction efforts or reorganizational initiatives. We excluded these expenses from our non-GAAP measures because apart from ongoing expense savings as a result of such items, these expenses have no direct correlation to the operation of our business in the future.

4Tax Related Items: Income tax effect of the non-GAAP items discussed above, an income tax benefit from a discrete tax item related to a federal corporate income tax relief claim and certain other income tax benefits associated with prior periods. We excluded the income tax effect of these tax related items from our non-GAAP measures because they are not associated with the tax expense on our current operating results.

About Analog Devices, Inc.

Analog Devices, Inc. (NASDAQ: ADI) is a global semiconductor leader that bridges the physical and digital worlds to enable breakthroughs at the Intelligent Edge. ADI combines analog, digital, and software technologies into solutions that help drive advancements in digitized factories, mobility, and digital healthcare, combat climate change, and reliably connect humans and the world. With revenue of more than $9 billion in FY24 and approximately 24,000 people globally, ADI ensures today’s innovators stay Ahead of What’s Possible. Learn more at www.analog.com and on LinkedIn and Twitter (X).

Forward Looking Statements

This press release contains forward-looking statements, which address a variety of subjects including, for example, our statements regarding our 2025 financial performance; expected revenue, operating margin, nonoperating expenses, tax rate, earnings per share, free cash flow returns, and other financial results; customer inventory rationalization; economic uncertainty, geopolitical conditions, demand, and other market conditions, business cycles, and supply chains; capital expenditures and investments, including those related to digital, software, cybersecurity, and artificial intelligence; expected market and technology trends; market size, market share gains, market position, and growth opportunities; our opportunity pipeline; expected product solutions, offerings, technologies, capabilities, and applications, including those that may incorporate, or be based upon, software or artificial intelligence technology; the value and importance of, and other benefits related to, our product solutions, offerings, and technologies to our customers, including those that may incorporate, or be based upon, software or artificial intelligence technology; our manufacturing capacity and investments to enhance resiliency; expected tax credits; future dividends and share repurchases; expected revenue synergies; and other future events. Statements that are not historical facts, including statements about our beliefs, plans and expectations, are forward-looking statements. Such statements are based on our current expectations and are subject to a number of factors and uncertainties, which could cause actual results to differ materially from those described in the forward-looking statements. The following important factors and uncertainties, among others, could cause actual results to differ materially from those described in these forward-looking statements: economic, political, legal and regulatory uncertainty or conflicts; changes in demand for semiconductor products; manufacturing delays, product and raw materials availability and supply chain disruptions; products that may be diverted from our authorized distribution channels; changes in export classifications, import and export regulations or duties and tariffs; our development of technologies and research and development investments; our future liquidity, capital needs and capital expenditures; our ability to compete successfully in the markets in which we operate; our ability to recruit and retain key personnel; risks related to acquisitions or other strategic transactions; security breaches or other cyber incidents; risks related to the use of artificial intelligence in our business operations, products, and services; adverse results in litigation matters; reputational damage; changes in our estimates of our expected tax rates based on current tax law; risks related to our indebtedness; the discretion of our Board of Directors to declare dividends and our ability to pay dividends in the future; factors impacting our ability to repurchase shares; and uncertainty as to the long-term value of our common stock. For additional information about factors that could cause actual results to differ materially from those described in the forward-looking statements, please refer to our filings with the Securities and Exchange Commission, including the risk factors contained in our most recent Annual Report on Form 10-K. Forward-looking statements represent management’s current expectations and are inherently uncertain. Except as required by law, we do not undertake any obligation to update forward-looking statements made by us to reflect subsequent events or circumstances.

Analog Devices and the Analog Devices logo are registered trademarks or trademarks of Analog Devices, Inc. All other trademarks mentioned in this document are the property of their respective owners.

 

ANALOG DEVICES, INC.

CONSOLIDATED STATEMENTS OF INCOME

(Unaudited)

(In thousands, except per share amounts)

Three Months Ended

Twelve Months Ended

Nov. 2, 2024

Oct. 28, 2023

Nov. 2, 2024

Oct. 28, 2023

Revenue

$      2,443,205

$      2,716,484

$      9,427,157

$   12,305,539

Cost of sales

1,027,077

1,069,768

4,045,814

4,428,321

Gross margin

1,416,128

1,646,716

5,381,343

7,877,218

Operating expenses:

   Research and development

378,903

406,594

1,487,863

1,660,194

   Selling, marketing, general and administrative

277,220

288,936

1,068,640

1,273,584

   Amortization of intangibles

187,754

202,736

754,784

959,618

   Special charges, net

2,859

114,035

37,258

160,710

Total operating expenses

846,736

1,012,301

3,348,545

4,054,106

Operating income

569,392

634,415

2,032,798

3,823,112

Nonoperating expense (income):

   Interest expense

82,804

71,590

322,227

264,641

   Interest income

(27,947)

(9,089)

(78,817)

(41,287)

   Other, net

(1,793)

128

12,048

(8,245)

Total nonoperating expense (income)

53,064

62,629

255,458

215,109

Income before income taxes

516,328

571,786

1,777,340

3,608,003

Provision for income taxes

38,256

73,356

142,067

293,424

Net income

$         478,072

$         498,430

$      1,635,273

$      3,314,579

Shares used to compute earnings per share – basic

496,432

497,073

496,166

502,232

Shares used to compute earnings per share – diluted

498,722

500,424

498,697

505,959

Basic earnings per common share

$                0.96

$                1.00

$                3.30

$                6.60

Diluted earnings per common share

$                0.96

$                1.00

$                3.28

$                6.55

 

ANALOG DEVICES, INC.

CONSOLIDATED BALANCE SHEETS

(Unaudited)

 

(thousands, except per share amounts)

Nov. 2, 2024

Oct. 28, 2023

ASSETS

Current Assets

Cash and cash equivalents

$          1,991,342

$             958,061

Short-term investments

371,822

—

Accounts receivable

1,336,331

1,469,734

Inventories

1,447,687

1,642,214

Prepaid expenses and other current assets

337,472

314,013

Total current assets

5,484,654

4,384,022

Other Assets

Net property, plant and equipment

3,415,550

3,219,157

Goodwill

26,909,775

26,913,134

Intangible assets, net

9,585,464

11,311,957

Deferred tax assets

2,083,752

2,223,272

Other assets

749,082

742,936

Total non-current assets

42,743,623

44,410,456

 TOTAL ASSETS

$        48,228,277

$        48,794,478

LIABILITIES AND SHAREHOLDERS’ EQUITY

Current Liabilities

Accounts payable

$             487,457

$             493,041

Income taxes payable

447,379

309,046

Debt, current

399,636

499,052

Commercial paper notes

547,738

547,224

Accrued liabilities

1,106,070

1,352,608

Total current liabilities

2,988,280

3,200,971

Non-current Liabilities

Long-term debt

6,634,313

5,902,457

Deferred income taxes

2,624,392

3,127,852

Income taxes payable

260,486

417,076

Other non-current liabilities

544,489

581,000

Total non-current liabilities

10,063,680

10,028,385

Shareholders’ Equity

Preferred stock, $1.00 par value, 471,934 shares authorized, none outstanding

—

—

Common stock, $0.16 2/3 par value, 1,200,000,000 shares authorized, 496,296,854 shares outstanding (496,261,678 on October 28, 2023)

82,718

82,712

Capital in excess of par value

25,082,243

25,313,914

Retained earnings

10,196,612

10,356,798

Accumulated other comprehensive loss

(185,256)

(188,302)

Total shareholders’ equity

35,176,317

35,565,122

 TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY

$        48,228,277

$        48,794,478

 

ANALOG DEVICES, INC.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

(In thousands)

Three Months Ended

Twelve Months Ended

Nov. 2, 2024

Oct. 28, 2023

Nov. 2, 2024

Oct. 28, 2023

Cash flows from operating activities:

  Net income

$       478,072

$       498,430

$    1,635,273

$    3,314,579

  Adjustments to reconcile net income to net cash provided by operations:

       Depreciation

97,241

82,919

362,771

334,704

       Amortization of intangibles

423,220

453,198

1,741,545

1,958,399

       Stock-based compensation expense

70,448

72,710

262,710

299,823

       Deferred income taxes

(97,997)

(21,553)

(367,563)

(452,946)

       Other

(776)

(10,465)

23,050

8,665

       Changes in operating assets and liabilities

80,609

112,055

194,743

(645,590)

   Total adjustments

572,745

688,864

2,217,256

1,503,055

Net cash provided by operating activities

1,050,817

1,187,294

3,852,529

4,817,634

   Percent of revenue

43 %

44 %

41 %

39 %

Cash flows from investing activities:

  Purchases of short-term investments

—

—

(438,901)

—

  Maturities of short-term investments

69,279

—

69,279

—

  Additions to property, plant and equipment, net

(165,410)

(476,393)

(730,463)

(1,261,463)

  Other

(15,483)

(2,668)

(4,773)

(4,922)

Net cash used for investing activities

(111,614)

(479,061)

(1,104,858)

(1,266,385)

Cash flows from financing activities:

  Proceeds from debt

—

—

1,087,856

—

  Early termination of debt

—

—

—

(65,688)

  Debt repayments

(499,966)

—

(499,966)

—

  Proceeds from commercial paper notes

2,474,948

2,640,615

10,184,439

5,287,124

  Payments of commercial paper notes

(2,474,652)

(2,638,101)

(10,183,925)

(4,739,900)

  Dividend payments to shareholders

(456,756)

(427,974)

(1,795,459)

(1,679,106)

  Repurchase of common stock

(94,878)

(469,937)

(615,590)

(2,963,955)

  Proceeds from employee stock plans

4,860

5,606

121,215

118,608

  Other

(7,449)

(9,627)

(12,960)

(20,843)

Net cash used for financing activities

(1,053,893)

(899,418)

(1,714,390)

(4,063,760)

Net (decrease) increase in cash and cash equivalents

(114,690)

(191,185)

1,033,281

(512,511)

Cash and cash equivalents at beginning of period

2,106,032

1,149,246

$       958,061

$    1,470,572

Cash and cash equivalents at end of period

$    1,991,342

$       958,061

$    1,991,342

$       958,061

 

ANALOG DEVICES, INC.

REVENUE TRENDS BY END MARKET

(Unaudited)

(In thousands)

The categorization of revenue by end market is determined using a variety of data points including the technical characteristics of the product, the “sold to” customer information, the “ship to” customer information and the end customer product or application into which our product will be incorporated. As data systems for capturing and tracking this data and our methodology evolves and improves, the categorization of products by end market can vary over time. When this occurs, we reclassify revenue by end market for prior periods. Such reclassifications typically do not materially change the sizing of, or the underlying trends of results within, each end market.

Three Months Ended

Nov. 2, 2024

Oct. 28, 2023

Revenue

% of revenue*

Y/Y %

Revenue

% of revenue*

Industrial

$          1,070,978

44 %

(21) %

$          1,356,884

50 %

Automotive

716,964

29 %

(2) %

733,014

27 %

Communications

275,573

11 %

(18) %

336,238

12 %

Consumer

379,690

16 %

31 %

290,348

11 %

Total revenue

$          2,443,205

100 %

(10) %

$          2,716,484

100 %

Twelve Months Ended

Nov. 2, 2024

Oct. 28, 2023

Revenue

% of revenue*

Y/Y %

Revenue

% of revenue*

Industrial

$          4,314,280

46 %

(35) %

$          6,611,794

54 %

Automotive

2,827,439

30 %

(2) %

2,876,140

23 %

Communications

1,080,496

11 %

(33) %

1,606,426

13 %

Consumer

1,204,942

13 %

(1) %

1,211,179

10 %

Total revenue

$          9,427,157

100 %

(23) %

$        12,305,539

100 %

*The sum of the individual percentages may not equal the total due to rounding.

 

ANALOG DEVICES, INC.

RECONCILIATION OF GAAP TO NON-GAAP RESULTS

(Unaudited)

(In thousands, except per share amounts)

Three Months Ended

Twelve Months Ended

Nov. 2, 2024

Oct. 28, 2023

Nov. 2, 2024

Oct. 28, 2023

Gross margin

$       1,416,128

$       1,646,716

$       5,381,343

$       7,877,218

  Gross margin percentage

58.0 %

60.6 %

57.1 %

64.0 %

      Acquisition related expenses

243,667

259,925

1,022,488

1,047,309

Adjusted gross margin

$       1,659,795

$       1,906,641

$       6,403,831

$       8,924,527

  Adjusted gross margin percentage

67.9 %

70.2 %

67.9 %

72.5 %

Operating expenses

$          846,736

$       1,012,301

$       3,348,545

$       4,054,106

  Percent of revenue

34.7 %

37.3 %

35.5 %

32.9 %

      Acquisition related expenses

(188,821)

(206,151)

(760,325)

(976,223)

      Acquisition related transaction costs

—

—

—

(7,069)

      Special charges, net

(2,859)

(114,035)

(37,258)

(160,710)

Adjusted operating expenses

$          655,056

$          692,115

$       2,550,962

$       2,910,104

  Adjusted operating expenses percentage

26.8 %

25.5 %

27.1 %

23.6 %

Operating income

$          569,392

$          634,415

$       2,032,798

$       3,823,112

  Operating margin

23.3 %

23.4 %

21.6 %

31.1 %

      Acquisition related expenses

432,488

466,076

1,782,813

2,023,532

      Acquisition related transaction costs

—

—

—

7,069

      Special charges, net

2,859

114,035

37,258

160,710

Adjusted operating income

$       1,004,739

$       1,214,526

$       3,852,869

$       6,014,423

  Adjusted operating margin

41.1 %

44.7 %

40.9 %

48.9 %

Nonoperating expense (income)

$            53,064

$            62,629

$          255,458

$          215,109

      Acquisition related expenses

2,150

2,150

8,600

13,743

Adjusted nonoperating expense (income)

$            55,214

$            64,779

264,058

$          228,852

Income before income taxes

$          516,328

$          571,786

$       1,777,340

$       3,608,003

      Acquisition related expenses

430,338

463,926

1,774,213

2,009,789

      Acquisition related transaction costs

—

—

—

7,069

      Special charges, net

2,859

114,035

37,258

160,710

Adjusted income before income taxes

$          949,525

$       1,149,747

$       3,588,811

$       5,785,571

Provision for income taxes

$            38,256

$            73,356

$          142,067

$          293,424

  Effective tax rate

7.4 %

12.8 %

8.0 %

8.1 %

      Tax related items

76,702

70,503

265,697

388,093

Adjusted provision for income taxes

$          114,958

$          143,859

$          407,764

$          681,517

  Adjusted tax rate

12.1 %

12.5 %

11.4 %

11.8 %

Diluted EPS

$                 0.96

$                 1.00

$                 3.28

$                 6.55

      Acquisition related expenses

0.86

0.93

3.56

3.97

      Acquisition related transaction costs

—

—

—

0.01

      Special charges, net

0.01

0.23

0.07

0.32

      Tax related items

(0.15)

(0.14)

(0.53)

(0.77)

Adjusted diluted EPS*

$                 1.67

$                 2.01

$                 6.38

$               10.09

* The sum of the individual per share amounts may not equal the total due to rounding.

 

ANALOG DEVICES, INC.

RECONCILIATION OF NET CASH PROVIDED BY OPERATING ACTIVITIES TO FREE CASH FLOW

(Unaudited)

(In thousands)

Trailing
Twelve
Months

Three Months Ended

Nov. 2, 2024

Nov. 2, 2024

Aug. 3, 2024

May. 4, 2024

Feb. 3, 2024

Revenue

$   9,427,157

$ 2,443,205

$ 2,312,209

$    2,159,039

$ 2,512,704

Net cash provided by operating activities

$   3,852,529

$ 1,050,817

$    855,027

$       807,853

$ 1,138,832

% of Revenue

41 %

43 %

37 %

37 %

45 %

Capital expenditures

$     (730,463)

$   (165,410)

$   (153,886)

$      (188,189)

$   (222,978)

Free cash flow

$   3,122,066

$    885,407

$    701,141

$       619,664

$    915,854

% of Revenue

33 %

36 %

30 %

29 %

36 %

 

ANALOG DEVICES, INC.

RECONCILIATION OF PROJECTED GAAP TO NON-GAAP RESULTS

(Unaudited)

Three Months Ending February 1, 2025

Reported

Adjusted

Revenue

$2.35 Billion

$2.35 Billion

(+/- $100 Million)

(+/- $100 Million)

Operating margin

22.0 %

40.0 %(1)

(+/-130 bps)

(+/-100 bps)

Nonoperating expenses

~ $60 Million

~ $60 Million

Tax rate

12% – 14%

12% – 14% (2)

Earnings per share

$0.80

$1.53 (3)

(+/- $0.10)

(+/- $0.10)

(1) Includes $424 million of adjustments related to acquisition related expenses, as defined in the Non-GAAP Financial Information section of this press release. 

(2) Includes $55 million of tax effects associated with the adjustments for acquisition related expenses noted above.

(3) Includes $0.73 of adjustments related to the net impact of acquisition related expenses and the tax effects on those items.

 

For more information, please contact:

Investor Contact:
Analog Devices, Inc.
Mr. Michael Lucarelli
Vice President, Investor Relations and FP&A
781-461-3282
investor.relations@analog.com 

Media Contacts:
Analog Devices, Inc.
Ms. Ferda Millan
Global PR & External Communications
Ferda.Millan@analog.com 

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/analog-devices-reports-fourth-quarter-and-fiscal-2024-financial-results-302315997.html

SOURCE Analog Devices, Inc.

Related Topics:
Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Connected Car Market to Grow by USD 341.7 Billion (2024-2028) with Rising Internet Penetration, Report on AI-Driven Transformation – Technavio

Published

47 minutes ago

on

November 26, 2024

By

NEW YORK, Nov. 26, 2024 /PRNewswire/ — Report with the AI impact on market trends – The global connected car market size is estimated to grow by USD 341.7 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 36.5% during the forecast period. Increasing internet penetration and its impact on the connected cars market is driving market growth, with a trend towards increasing number of vehicles launches featuring connected technologies. However, design complexity and technological challenges poses a challenge.Key market players include Airbiquity Inc., Alps Alpine Co. Ltd., AT and T Inc., Bayerische Motoren Werke AG, BorgWarner Inc., DXC Technology Co., Ford Motor Co., Information Technologies Institute Intellias LLC, Mercedes Benz Group AG, NXP Semiconductors NV, Qualcomm Inc., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Schaeffler AG, Sierra Wireless Inc., Telefonica SA, Tesla Inc., Valeo SA, Volkswagen AG, and Zubie Inc..

AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View Free Sample Report PDF

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Connectivity (Embedded solutions, Integrated solutions, and Tethered solutions), End-user (OEM and Aftermarket), and Geography (North America, Europe, APAC, South America, and Middle East and Africa)

Region Covered

North America, Europe, APAC, South America, and Middle East and Africa

Key companies profiled

Airbiquity Inc., Alps Alpine Co. Ltd., AT and T Inc., Bayerische Motoren Werke AG, BorgWarner Inc., DXC Technology Co., Ford Motor Co., Information Technologies Institute Intellias LLC, Mercedes Benz Group AG, NXP Semiconductors NV, Qualcomm Inc., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Schaeffler AG, Sierra Wireless Inc., Telefonica SA, Tesla Inc., Valeo SA, Volkswagen AG, and Zubie Inc.

Key Market Trends Fueling Growth

The Connected Car market is experiencing significant growth, driven by trends such as vehicle infotainment, Advanced Driver-Assistance Systems (ADAS) features, and autonomous cars. V2V communication, electric mobility, and predictive technology are also key areas of focus. Vehicle downtime is a concern, leading to increased demand for connected car services and production of vehicles with faster network technology like 5G and satellite. Legislation and road safety are influencing the market, with collision warning, lane assistance, and blind spot detection becoming standard features. Technology companies are investing in 3G, 4G, and 5G networks, enabling real-time communication between cars and online platforms. Car manufacturers and service providers are collaborating to offer comfort, convenience, performance, safety, and security features. Sensors and processors are essential components, along with advanced diagnostics and fleet management. The transition to connected cars involves addressing maintenance cost and schedule, as well as data transfer speed and bandwidth. Connected cars offer remote control access, infotainment, GPS tracking, and smartphone integration. Telematics services provide real-time vehicle data, enabling predictive maintenance and fuel consumption optimization. The market is evolving rapidly, with legislative policies and technological advancements shaping the future of the Connected Car industry. 

Connected cars are becoming increasingly preferred by consumers due to their safety and environmental advantages. In response, vendors in the connected car market are expanding their product lines by introducing new models with enhanced features. By broadening their offerings, these companies aim to gain competitive edges and expand their market presence in the global connected car industry. The continuous launch of new connected car models is anticipated to boost sales and significantly contribute to the market growth during the forecast period. 

Insights on how AI is driving innovation, efficiency, and market growth- Request Sample!

Market Challenges

The Connected Car market is experiencing significant growth, driven by advancements in vehicle infotainment, ADAS features, and the development of autonomous cars. Challenges include vehicle downtime during production, integrating predictive technology, and addressing legislative policies. Electric mobility and V2V communication are key trends, with 5G networks and satellite technology enabling real-time communication. Technology companies are investing in 3G, 4G, and 5G networks, sensors, processors, and online platforms for enhanced comfort, convenience, performance, safety, and security. Vehicle manufacturers and service providers collaborate to offer connected car services, including remote control access, GPS tracking, advanced diagnostics, and fleet management. The transition to connected cars requires addressing maintenance cost, data transfer speed, and bandwidth concerns. Safety features like collision warning, lane assistance, and blind spot detection are crucial, as is ensuring network technology security. The production of connected cars involves integrating various sensors and systems, while the aftermarket offers opportunities for upgrades and maintenance schedule optimization. The future of connected cars lies in seamless integration of smartphones, internet services, and advanced diagnostics.The connected car market presents vendors with challenges in creating user-friendly, cost-effective, and accessible infotainment and telematics systems. As demand for automotive connectivity solutions grows, system complexity becomes essential to manage various applications. Advanced technologies, extensive features, and multiple software solutions add complexity to connectivity systems. Drivers seek efficient handling of these complexities to maximize benefits, posing a challenge for the global market. Vendors must focus on designing less distracting, affordable, and simple systems to meet consumer needs.

Insights into how AI is reshaping industries and driving growth- Download a Sample Report

Segment Overview 

This connected car market report extensively covers market segmentation by

Connectivity 1.1 Embedded solutions1.2 Integrated solutions1.3 Tethered solutionsEnd-user 2.1 OEM2.2 AftermarketGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Embedded solutions- The connected car market is experiencing significant growth as automakers integrate telematics systems with navigation and smartphone capabilities. These systems are evolving to include embedded software and smartphone applications for entertainment, navigation, communication, security, and internet services. OEMs collaborate with technology companies to offer in-vehicle products and services, such as Pioneer’s CarPlay integration and Hyundai’s Blue Link infotainment mirroring. GM’s MyLink and IntelliLink systems support third-party applications. BlackBerry’s Jarvis 2.0 software composition analysis tool aids in checking and updating third-party software modules. The increasing popularity of hybrid vehicles is driving smartphone manufacturers to develop apps for real-time battery status. BMW’s Remote application allows BMW i3 users to check battery capacity via smartphone connection during charging. Economic growth in emerging markets like India and consumer awareness of in-vehicle entertainment and information systems are fueling market expansion. The shift towards embedded solutions is expected to boost the global connected car market’s growth during the forecast period.

Download complimentary Sample Report to gain insights into AI’s impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 – 2022) 

Research Analysis

The Connected Car market is a rapidly growing segment in the automotive industry, focusing on integrating vehicle infotainment systems with advanced technologies. Vehicle connectivity enhances performance, safety, and convenience through features like ADAS (Advanced Driver-Assistance Systems), autonomous cars, V2V (vehicle-to-vehicle) communication, and Blind Spot Detection. Network technologies such as 3G, 4G, 5G, and satellite communication enable real-time data exchange between cars and online platforms. Connected cars offer various safety and security features, including lane-keep assist, collision avoidance, and remote diagnostics. Technology companies play a significant role in providing connectivity solutions to car manufacturers and aftermarket providers. The market’s growth is driven by increasing consumer demand for enhanced vehicle features and the integration of various technologies. The Connected Car market’s future lies in seamless real-time communication, advanced performance, and continuous innovation.

Market Research Overview

The Connected Car market is revolutionizing the automotive industry with advanced features such as vehicle infotainment, ADAS (Advanced Driver-Assistance Systems), and autonomous cars. Vehicle-to-vehicle (V2V) communication and predictive technology are enabling real-time communication and collision warning systems, reducing vehicle downtime and enhancing safety. Electric mobility is another significant trend, with legislative policies driving its adoption. Autonomous cars, powered by sensors, processors, and high-speed network technology, are transforming the way we travel. 5G, satellite, and online platforms are key to providing fast data transfer speeds and high bandwidth for connected services. Comfort, convenience, performance, safety, and security are the main benefits for consumers. Technology companies, car manufacturers, and service providers are collaborating to offer advanced features like lane assistance, blind spot detection, and remote control access. The transition phase to connected cars involves integrating 3G, 4G, and 5G technologies, telematics, and GPS tracking into vehicles. The aftermarket is also adopting connected car technology for advanced diagnostics, fleet management, and maintenance schedule services. Smartphones and internet services are essential for seamless connectivity and remote access. The production of vehicles is being transformed with the integration of diagnostic systems and advanced sensors to monitor smoke emission, fuel consumption, and other vital parameters. Connected car services offer real-time communication, online platforms, and advanced diagnostics, reducing maintenance cost and enhancing the overall driving experience.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ConnectivityEmbedded SolutionsIntegrated SolutionsTethered SolutionsEnd-userOEMAftermarketGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/connected-car-market-to-grow-by-usd-341-7-billion-2024-2028-with-rising-internet-penetration-report-on-ai-driven-transformation—technavio-302315589.html

SOURCE Technavio

Continue Reading

Technology

Remote Patient Monitoring Market to Expand by USD 3.31 Billion (2024-2028), Focus on Chronic Disease Management, AI-Powered Market Evolution – Technavio

Published

47 minutes ago

on

November 26, 2024

By

NEW YORK, Nov. 26, 2024 /PRNewswire/ — Report on how AI is driving market transformation – The global remote patient monitoring market  size is estimated to grow by USD 3.31 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of almost 30.11%  during the forecast period. Focus on chronic disease management is driving market growth, with a trend towards iot in healthcare. However, lack of reimbursement policies for remote monitoring  poses a challenge.Key market players include Abbott Laboratories, Advantech Co. Ltd., Babyscripts, Biofourmis Inc., Boston Scientific Corp., Caretaker Medical NA, Dragerwerk AG and Co. KGaA, GE Healthcare Technologies Inc., Honeywell International Inc., Koninklijke Philips N.V., Masimo Corp., Medtronic Plc, MphRx Inc., Napier Healthcare Solutions Pte Ltd., Nihon Kohden Corp., OMRON Corp., OSI Systems Inc., OSP, Shenzhen Mindray BioMedical Electronics Co. Ltd, Siemens AG, Smiths Group Plc, and VitalConnect Inc..

AI-Powered Market Evolution Insights. Our comprehensive market report ready with the latest trends, growth opportunities, and strategic analysis- View Free Sample Report PDF

Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Product (Vital signs and Implantable), End-user (Hospitals, ASCs, and Home care), and Geography (North America, Europe, Asia, and Rest of World (ROW))

Region Covered

North America, Europe, Asia, and Rest of World (ROW)

Key companies profiled

Abbott Laboratories, Advantech Co. Ltd., Babyscripts, Biofourmis Inc., Boston Scientific Corp., Caretaker Medical NA, Dragerwerk AG and Co. KGaA, GE Healthcare Technologies Inc., Honeywell International Inc., Koninklijke Philips N.V., Masimo Corp., Medtronic Plc, MphRx Inc., Napier Healthcare Solutions Pte Ltd., Nihon Kohden Corp., OMRON Corp., OSI Systems Inc., OSP, Shenzhen Mindray BioMedical Electronics Co. Ltd, Siemens AG, Smiths Group Plc, and VitalConnect Inc.

Key Market Trends Fueling Growth

Remote Patient Monitoring (RPM) is a trending business in healthcare, enabling patient-centered care and personalized medicine through real-time health data collection. RPM caters to patient engagement, especially for geriatric demographics and those with chronic ailments, reducing healthcare expenditures and enabling aging in place. Regulatory variations, social media practices, and telemedicine start-ups influence RPM’s growth. RPM technologies include IoT medical devices, telemedicine apps, and software solutions. Reimbursement policies, behavioral barriers, and healthcare fraud are challenges. RPM addresses infectious diseases, epidemics, and healthcare-associated infections, with devices like vital sign monitors and special monitors for heart rate, blood pressure, and glucose levels. Firms like EPIC Health and Disease Control Prevention (CDC) use RPM for chronic disease management. Medical practitioners, hospitals, and healthcare organizations benefit from RPM’s remote access and digital platforms. RPM technologies ensure quality of care, prevent healthcare fraud, and improve consultation tools for healthcare consumers. 

The remote patient monitoring market is experiencing significant growth due to the increasing adoption of Internet of Things (IoT) technology and connected medical devices in the healthcare industry. IoT bridges the gap between physical and digital data sources, enabling real-time patient monitoring and improving accessibility to healthcare services. This trend is helping healthcare organizations reduce operational burdens and develop digital ecosystems, ultimately leading to timely and improved patient care. The potential applications of IoT in healthcare settings are vast, extending beyond inpatient services to outpatient care as well. 

Insights on how AI is driving innovation, efficiency, and market growth- Request Sample!

Market Challenges

Remote Patient Monitoring (RPM) is a growing trend in healthcare, allowing medical care to be delivered from a distance. However, implementing RPM comes with challenges. Patient-centered care and personalized medicine require RPM to be patient-friendly and engaging. Regulatory variations and social media practices pose challenges in ensuring data security and privacy. The geriatric demographic and chronic ailments increase healthcare expenditures, making home-based care setting a cost-effective solution. Mobility constraints, healthcare fraud, and prevention measures are concerns in RPM. Behavioral barriers, telemedicine, and infectious diseases require fraud detection and prevention measures. IoT medical devices, reimbursement policies, and global disease burden impact RPM adoption. Medical practitioners, hospitals, and healthcare organizations use digital platforms and RPM technologies for better quality of care. Firms offer telemedicine apps, consultation tools, and software solutions for patients. RPM devices include vital sign monitors, special monitors, heart rate monitors, and hospital-based patient systems. Challenges include reimbursement policies, medical research using cloud servers, health insurance portability and accountability, and healthcare consumer trust. RPM technologies aid in chronic disease management, telemedicine start-ups, and remote access to medical care facilities. RPM is essential for managing conditions like hypertension, neurological disorders, cancer cases, and sleep disorders.Remote patient monitoring brings healthcare services to patients’ homes, expanding access to specialists in remote areas. Both healthcare providers and patients benefit from this trend by reducing the need for unnecessary hospital visits. However, reimbursement for remote healthcare services is not universally adopted by payers, limiting the application of telehealth in some cases. The Center for Medicare and Medicaid Services (CMS) has established guidelines for reimbursement, covering patients in Health Professional Shortage Areas (HPSA) or outside Metropolitan Statistical Areas (MSA), as defined by the Health Resources and Services Administration (HRSA) and the Census Bureau. Adherence to these standards enables reimbursement for remote patient monitoring services.

Insights into how AI is reshaping industries and driving growth- Download a Sample Report

Segment Overview 

This remote patient monitoring market report extensively covers market segmentation by

Product 1.1 Vital signs1.2 ImplantableEnd-user 2.1 Hospitals2.2 ASCs2.3 Home careGeography 3.1 North America3.2 Europe3.3 Asia3.4 Rest of World (ROW)

1.1 Vital signs-  The vital signs product segment of the remote patient monitoring market consists of devices that remotely monitor key physiological parameters, including blood pressure, heart rate, temperature, and oxygen saturation. These solutions range from wearable sensors to home monitoring kits, allowing patients to track their vital signs in real-time and transmit data to healthcare providers for remote assessment and intervention. With the rise of chronic diseases and the emphasis on preventive healthcare, the demand for vital signs monitoring solutions has grown significantly. Leading vendors, such as Koninklijke Philips NV, Medtronic Plc, and GE Healthcare, provide a range of devices to cater to the diverse needs of patients and healthcare providers. Philips offers wearable biosensors, while GE Healthcare provides home monitoring kits. These companies utilize their strengths in medical device manufacturing, data analytics, and healthcare IT to develop innovative vital signs monitoring solutions. This empowers patients to manage their health proactively and supports the expansion of the vital signs segment in the global remote patient monitoring market.

Download complimentary Sample Report to gain insights into AI’s impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 – 2022) 

Research Analysis

Remote Patient Monitoring (RPM) is a revolutionary approach in healthcare that enables medical practitioners to monitor patients’ health conditions in real-time from a distance. This patient-centered care solution is particularly beneficial for individuals with chronic ailments, geriatric demographics, and those with mobility constraints. RPM allows for personalized medicine and increased patient engagement, leading to better health outcomes and reduced healthcare expenditures. Regulatory variations across regions and social media practices are shaping the RPM market’s growth. RPM technologies include telemedicine apps, digital platforms, and RPM devices that transmit health data to medical professionals. Cloud servers and Health Insurance Portability and Accountability Act (HIPAA) compliance are crucial components of RPM. Chronic disease management, such as hypertension and neurological disorders, is a significant application area for RPM. Firms are investing in RPM to improve healthcare delivery in home-based care settings and hospitals. Medical researchers are also leveraging RPM for data collection and analysis to advance medical knowledge.

Market Research Overview

Remote Patient Monitoring (RPM) is a patient-centered care approach that enables medical practitioners to monitor patients’ health conditions in real-time, outside of traditional hospital settings. RPM is a crucial component of personalized medicine, allowing for more effective chronic ailment management and improved patient engagement. Regulatory variations and social media practices pose challenges, but RPM is gaining traction due to the growing geriatric demographic and rising healthcare expenditures. Aging in place and mobility constraints are driving the need for home-based care and RPM technologies. However, healthcare fraud, prevention measures, and behavioral barriers are concerns. Telemedicine, IoT medical devices, and digital platforms are key RPM technologies, with applications ranging from infectious diseases and epidemics to oncology, cardiovascular diseases, diabetes, sleep disorders, weight management, and fitness monitoring. Reimbursement policies and global disease burden also impact RPM adoption. Medical researchers, healthcare organizations, and software solutions providers are key players in the RPM market, with telemedicine start-ups and consultation tools also gaining popularity. Patients, hospitals, home-based care settings, healthcare consumers, and medical care facilities are all benefiting from RPM. RPM is transforming healthcare delivery by enabling remote access to medical care and improving quality of care.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductVital SignsImplantableEnd-userHospitalsASCsHome CareGeographyNorth AmericaEuropeAsiaRest Of World (ROW)

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/remote-patient-monitoring-market-to-expand-by-usd-3-31-billion-2024-2028-focus-on-chronic-disease-management-ai-powered-market-evolution—technavio-302315566.html

SOURCE Technavio

Continue Reading

Technology

ANTERIX TO PRESENT AT JANNEY CLEAN ENERGY INVESTMENT SYMPOSIUM DECEMBER 4-5, 2024

Published

47 minutes ago

on

November 26, 2024

By

WOODLAND PARK, N.J., Nov. 26, 2024 /PRNewswire/ — Anterix (NASDAQ: ATEX) Chief Operating Officer Ryan Gerbrandt will participate in a panel discussion related to the 900 MHz private wireless broadband revolution and its impact on helping our nation’s utilities transform critical infrastructure. This panel will be held on December 5, 2024, from 2:30 p.m. – 3:20 p.m., during Janney’s 2nd Annual Clean Energy Investment Symposium, taking place in New Orleans, LA.

Additionally, Anterix Vice Chairman Tom Kuhn will deliver keynote remarks for the symposium at 7:30 p.m. on December 4 at the National WWII Museum. This keynote address will cover a range of strategic challenges and opportunities for utilities and critical infrastructure.

Anterix will also host one-on-one meetings with interested investors during the event. Please contact your Janney representative to schedule a meeting.

Shareholder Contact

Natasha Vecchiarelli
Vice President, Investor Relations & Corporate Communications  
Anterix 
973-531-4397  
nvecchiarelli@anterix.com 

About Anterix

At Anterix, we partner with leading utilities and technology companies to harness the power of 900 MHz broadband for modernized grid solutions. Leading an ecosystem of more than 100 members, we offer utility-first solutions to modernize the grid and solve the challenges that utilities are facing today. As the largest holder of licensed spectrum in the 900 MHz band (896-901/935-940 MHz) throughout the contiguous United States, plus Alaska, Hawaii, and Puerto Rico, we are uniquely positioned to enable private wireless broadband solutions that support cutting-edge advanced communications capabilities for a cleaner, safer, and more secure energy future. To learn more and join the 900 MHz movement, please visit www.anterix.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/anterix-to-present-at-janney-clean-energy-investment-symposium-december-4-5-2024-302316828.html

SOURCE Anterix Inc.

Continue Reading

Trending