LED light-emitting diode (LED) upstream chip maker CREE, Inc. announced on the 24th after the US stock market, the board of directors has decided to restructure the LED products division and authorized the fiscal year 2016 (July 2015 to 2016) In June, it used $500 million to buy back shares of its own company.
Cree estimates that 2016 fiscal year revenue will rise to about $1.8 billion; the industry's profitability rate will rise to around 8%; free cash flow will reach about $75 million.
According to Cree, the company decided to cut excess capacity and recurring expenses to improve the cost structure, given that the average price of LEDs fell more than originally expected and the capacity utilization rate of the plant continued to be low. In addition, Cree decided to increase the price loss of LED products to reflect the more intense pricing environment this season and reduce the price outlook for this year.
Cree estimates that the organization's restructuring costs will be $85 million. Among them, capacity and recurring expenses cuts accounted for 47 million US dollars, and channel and inventory price losses each accounted for 27 million US dollars and 11 million US dollars.
Cree bought back 16 million shares of its own company in fiscal year 2015, with an average price of $34.33.
According to MarketWatch, Cree estimates that revenue for the quarter (as of June 28, 2015) will reach $375 million, which is lower than the average market estimate of $431 million from FactSet.
Cree estimates that 2016 fiscal year revenue will rise to about $1.8 billion; the industry's profitability rate will rise to around 8%; free cash flow will reach about $75 million.
According to Cree, the company decided to cut excess capacity and recurring expenses to improve the cost structure, given that the average price of LEDs fell more than originally expected and the capacity utilization rate of the plant continued to be low. In addition, Cree decided to increase the price loss of LED products to reflect the more intense pricing environment this season and reduce the price outlook for this year.
Cree estimates that the organization's restructuring costs will be $85 million. Among them, capacity and recurring expenses cuts accounted for 47 million US dollars, and channel and inventory price losses each accounted for 27 million US dollars and 11 million US dollars.
Cree bought back 16 million shares of its own company in fiscal year 2015, with an average price of $34.33.
According to MarketWatch, Cree estimates that revenue for the quarter (as of June 28, 2015) will reach $375 million, which is lower than the average market estimate of $431 million from FactSet.
The handheld addresser is used to program the address of the monitoring module offline. When in use, connect the two output wires of the handheld encoder to the communication bus terminal (terminal label 1, 2) of the monitoring module, turn on the black power switch on the right side upwards, and press "ten Add", [Subtract ten", [Add one place" and [Subtract one place" to program the address.
Position Encoder,Magnetic Rotary Encoder,Hybrid Encoder,Channel Encoder
Changchun Guangxing Sensing Technology Co.LTD , https://www.gx-encoder.com