The company said net sales for Q2 2024 were $1.0 billion, up $0.2 billion from the prior quarter, and diluted earnings per share were $3.25 (Q1 $2.20).

1. 01

   The company said net sales for Q2 2024 were $1.0 billion, up $0.2 billion from the prior quarter, and diluted earnings per share were $3.25 (Q1 $2.20).

2. 02

   The company said its net cash balance, defined as cash, cash equivalents, restricted cash, and marketable securities, less debt, fell to $1.2 billion from $1.4 billion in the prior quarter. It cited capital expenditures for its new factories in Alabama and Louisiana and the repayment of working capital loans in India as the factors.

3. 03

   The company said its 2024 full-year outlook is unchanged from its prior outlook. It gave ranges of $4.4B to $4.6B for net sales, $13.00 to $14.00 for diluted earnings per share, and $1.8B to $2.0B for capital expenditures.

4. 04

   The company disclosed that its operating cash flow for the 6 months ended 2024 was a net inflow of $460,737 thousand and that it spent $778,618 thousand on purchases of property, plant and equipment over the same period. Operating cash flow for the same period last year was a net outflow of $124,276 thousand.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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