Acer Delivers Strong Financial Performance with NT$5.54 Billion Income

Author: Dylan Bailey Updated: 03-13-2025 04:54 AM

Acer's Impressive Financial Results for 2024

Acer Inc. (TWSE: 2353) has recently published its financial performance for the year and fourth quarter of 2024. The company's focus on diversifying its business model continues to bear fruit, culminating in impressive revenue and profit figures.

Quarterly Highlights

During the fourth quarter of 2024, Acer reported consolidated revenues amounting to NT$66.02 billion. This impressive performance was driven by a gross profit of NT$6.95 billion, reflecting a healthy margin of 10.5%. The operating income stood at NT$1.02 billion, yielding a 1.6% margin. More notably, Acer's net income soared to NT$1.43 billion, allowing for an earnings per share (EPS) of NT$0.47.

Annual Performance Overview

For the fiscal year 2024, Acer achieved consolidated revenues of NT$264.68 billion and gross profits of NT$28.00 billion, maintaining a margin of 10.6%. Operating income reached NT$4.88 billion, marking a notable 15.4% year-on-year growth, while net income was reported at NT$5.54 billion, contributing to an EPS of NT$1.84. These figures underscore Acer's strategic initiatives to bolster its financial health and market position.

Growth Strategy and Business Expansion

Acer's vision to cultivate multiple business engines is evident, resulting in a robust portfolio of 13 public subsidiaries by the conclusion of 2024. The company’s commitment to sectors beyond personal computers and displays has proven fruitful, as these areas contributed to 37.4% of total operating income and 28.3% of total revenue.

Dividend Announcement

In recognition of its strong performance, the Board has sanctioned a cash dividend of NT$1.7 per share. This reflects a commitment to sharing financial success with shareholders, with the ex-dividend record date designated for June 26, followed by distribution on July 24.

Acer's Commitment to Innovation

Founded in 1976, Acer has positioned itself as a leading global technology firm, active in over 160 countries. The company consistently prioritizes innovation, ensuring its offerings include not only computers and displays but also extending into new business avenues. Acer is dedicated to sustainable growth and seeks new opportunities in line with its environmental and social responsibilities.

With a workforce exceeding 8,000 employees, Acer focuses on research, design, marketing, sales, and support, creating products and services that bridge gaps between people and technology. This approach not only enhances its brand but also solidifies its role in the technology landscape.

Frequently Asked Questions

What were Acer's net income figures for 2024?

Acer reported a net income of NT$5.54 billion for the fiscal year 2024.

How much is the cash dividend announced by Acer?

The cash dividend approved by Acer's Board is NT$1.7 per share.

What sectors contributed significantly to Acer's revenue in 2024?

Businesses beyond personal computers and displays contributed 37.4% of Acer's operating income and 28.3% of its total revenues in 2024.

When will Acer distribute its cash dividend?

The distribution of the cash dividend will occur on July 24, with an ex-dividend record date of June 26.

What is Acer's approach towards innovation?

Acer is focused on continual innovation, expanding its product lines and striving for sustainable growth across various market segments.

About The Author

My name is Dylan Bailey, and I am 28 years old. I am an author and an expert on the stock market who specializes in publicly traded companies. Early fascination with the stock market inspired me to seek a finance degree and then delve deeply into the world of stocks. I have developed over the years my abilities to spot investment prospects, assess business performance, and analyze market trends.

My books and articles try to help regular investors understand the nuances of the stock market. Anyone can, in my opinion, make wise investment choices and succeed financially if they have the correct information and resources. In my writing, I combine in-depth research with practical insights and advice that can be put into action. This is done with the intention of assisting readers in navigating the constantly shifting landscape of publicly traded companies.

In addition to writing, I also host webinars and workshops, where I give presentations and share my knowledge with a wider audience. I also write for top financial journals and show up as a guest analyst on financial news shows. I like to travel, spend time with my family, and keep active by playing different sports when I'm not buried in market research.

My goal is to enable people to choose wisely and consciously in their investments, so taking charge of their financial futures. By my work, I hope to create a community of informed and self-assured investors prepared to take advantage of the chances presented by the stock market.

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