Everlight 4Q Performance to Increase Despite Slack Season

LED package manufacturer Everlight announced on December 10th that the company revenue increased slightly during the traditionally slack season in 4Q, with November revenue reaching NT $2.26 billion (US $76 million).

Consolidated revenue for Everlight in November had a MoM increase of 0.93 percent reaching NT $2.26 billion. With revenue from LED street lights still pouring in during 4Q13, yearly growth increased 32.45 percent. New orders from China for lighting and backlight were funneled into 4Q revenue, keeping November from falling into the typical slack season decline. December shipments are anticipated to be as high as November.

The company maintains a utilization rate of 85 percent with one month order visibility, according to sources. Increased LED TV orders from the Chinese Lunar New Year and LED lighting orders in China, 4Q13 quarterly decline will be better than expected with Dec. 2013 shipments anticipated to be above last month .

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