Freescale Semiconductor, bought last year by a private equity consortium led by Blackstone, saw sales grow 9 percent to $6.36 billion in 2006 in a total semiconductor market that grew 8.9 percent. EBITDA was $1.63 billion or 26 percent of net sales, up 22 percent on 2005.

"Freescale delivered solid performance in the fourth quarter and throughout 2006," said Michel Mayer, chairman and CEO. “Our diversified business model continues to provide stability in a challenging market.”

Freescale’s transportation and standard products division had sales of $2.71 billion, 6 percent up on the $2.57 billion of 2005. The wireless and mobile solutions division saw sales increase 20 percent to $2.14 billion. The networking and computing systems division had flat revenues of $1.43 billion.

Cash, cash equivalents and marketable securities were $710 million at the end of the year and capex was $714 million for the year.

The yearly results are unedited and exclude all merger-related costs. They do not reflect any impact from the on-going change to purchase accounting procedures associated with the company's acquisition which was completed in December 2006.

By: DocMemory
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