BRIEF-Texas Instruments Exec Says In-Quarter 'Aging Orders' Were Strong January To April

Reuters
Sep 04
BRIEF-Texas Instruments Exec Says In-Quarter 'Aging Orders' Were Strong January To April

Sept 4 (Reuters) - Texas Instruments Inc TXN.O:

  • TEXAS INSTRUMENTS EXEC: IN-QUARTER “AGING ORDERS” WERE STRONG JANUARY TO APRIL, WITH APRIL PARTICULARLY STRONG, PARTLY DUE TO LIBERATION DAY DYNAMICS - CITI CONF

  • TEXAS INSTRUMENTS EXEC: DEMAND SLOWED AFTER APRIL OR DID NOT GROW SEQUENTIALLY AS USUAL, CITING POTENTIAL PULL-INS AROUND LIBERATION DAY

  • TEXAS INSTRUMENTS EXEC: APRIL PULL-INS ARE BEING DIGESTED WITH UNCLEAR DURATION, AND IT WILL UPDATE ON Q3 IN OCTOBER WITH IMPLICATIONS FOR Q4

  • TEXAS INSTRUMENTS EXEC: NO DISCUSSIONS OR APPROACHES ABOUT GOVERNMENT TAKING A STAKE; NOTHING LIKE WHAT’S BEEN REPORTED AROUND OTHER COMPANIES

  • TEXAS INSTRUMENTS EXEC: TI HAS AN AGREEMENT ORIGINALLY SIGNED UNDER THE PRIOR ADMINISTRATION AND RECENTLY TWEAKED WITH MINOR, FAVORABLE CHANGES

  • TEXAS INSTRUMENTS EXEC: THERE WERE LITTLE THINGS NEW ADMINISTRATION WANTED TO CHANGE, BUT NOTHING ALONG THE LINES OF WHAT YOU'RE HEARING FROM COMPANIES LIKE INTEL

  • TEXAS INSTRUMENTS EXEC: WE'VE BEEN EXECUTING REALLY WELL TO THE CAPEX EXPANSION PLANS

  • TEXAS INSTRUMENTS EXEC: RECENT FREE CASH FLOW DEPRESSED BY HIGHER CAPEX

  • TEXAS INSTRUMENTS EXEC: BUYBACKS CONTINUED BUT AT A SLOWER PACE DUE TO CAPEX PRIORITY

  • TEXAS INSTRUMENTS EXEC: AS CAPEX SUBSIDES IN COMING YEARS, TI EXPECTS FCF TO IMPROVE

  • TEXAS INSTRUMENTS EXEC: CO HAS NO MAJOR PORTFOLIO GAPS, SO M&A IS OPPORTUNISTIC RATHER THAN NECESSARY

Source text: [ID:]

Further company coverage: TXN.O

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