Full Year and Fourth Quarter of 2016 Record Revenue, EBITDA and Free Cash Flow with Increased Margins
MIGDAL HAEMEK, Israel, Feb. 13, 2017 (GLOBE NEWSWIRE) -- TowerJazz (NASDAQ:TSEM) (TASE:TSEM) today reports results for the fourth quarter and full year of 2016 ended December 31, 2016.
Highlights of the Full Year 2016
Record revenues of $1.25 billion, up 30% year over year;
Record EBITDA of $367 million, up 48% year over year;
Record net profit of $204 million, as compared to a ...
MIGDAL HAEMEK, Israel - January 11, 2017 - TowerJazz (NASDAQ/ TASE: TSEM), the global specialty foundry leader, will issue its fourth quarter and fiscal year 2016 earnings release on Monday, February 13, 2017. The Company will hold a conference call to discuss its fourth quarter and fiscal year 2016 financial results and first quarter 2017 guidance on Monday, February 13, 2017, at 10:00 a.m. Eastern Time (09:00 a.m. Central, 08:00 a.m. Mountain, 07:00 a.m. Pacific and 05:00 p.m. Israel time).