ASM International NV (OTCQX:ASMIY) Q3 2024 Earnings Call Transcript October 30, 2024 10:00 AM ET Company Participants Victor Bareno - Director of Investor Relations Hichem M'Saad - CEO, President and Chairman of the Management Board Paul Verhagen - CFO and Member of Management Board Conference Call Participants Andrew Gardiner - Citi Stephane Houri - ABN Amro Oddo BHF Adithya Metuku - HBSC Francois Bouvignies - UBS Sandeep Deshpande - JPMorgan Robert Sanders - Deutsche Bank Didier Scemama - Bank of America Timm Schulze - Redburn Atlantic Tammy Qiu - Berenberg Nigel Putten - Morgan Stanley Marc Hesselink - ING Operator Good afternoon, this is the chorus call conference operator. Welcome and thank you for joining the ASM International Third Quarter 2024 Earnings Call.
ASM International (ASMIY) is well positioned to outperform the market, as it exhibits above-average growth in financials.
Chip-making equipment supplier ASM International (ASMI) forecast higher fourth-quarter guidance after third-quarter bookings beat expectations as AI continues to drive high-end orders.
ASMIY remains a buy despite a negative reaction to 2Q24 earnings. The business continues to see strong order growth driven by 2nm GAA and HBM applications. Potential for ASMIY to beat FY25 guidance given the orders growth trend and demand backdrop.
NMM, CMRE and AGRO made it to the Zacks Rank #1 (Strong Buy) value stocks list on June 18, 2024.
SGC, MTDR, MCY, ASMIY and HHS have been added to the Zacks Rank #1 (Strong Buy) List on June 18, 2024.
GRC, BKU and ASMIY made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on June 14, 2024.
Here is how ASM International NV (ASMIY) and Celestica (CLS) have performed compared to their sector so far this year.
ASM International (ASMIY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).