6 May 2011

TriQuint’s Buhaly named Oregon’s ‘CFO of the Year’ by Portland Business Journal

TriQuint Semiconductor Inc of Hillsboro, OR, USA, which provides RF front-end product maker and foundry services to mobile device, networks, and defense & aerospace markets, says that its chief financial officer Steve Buhaly has been named ‘CFO of the Year’ at The Portland Business Journal’s annual awards program (an event created to recognize Oregon state’s top business leaders). Buhaly received the honor in the public company category. 

“Steve Buhaly is a terrific role model for our entire organization. In addition to ensuring high integrity and transparency in TriQuint’s public reporting, Steve is a trusted business partner and a valuable voice in strategic planning,” comments TriQuint’s president & CEO Ralph Quinsey. “He brings common sense and a quick wit to our team.”

Buhaly act as a consultant to TriQuint’s business units and functional departments. His responsibilities include everything from investor relations, corporate accounting and legal, to information technology, tax and treasury services. “Since joining the firm in September 2007, he has inspired operational improvements and empowered his senior managers,” adds the firm.  

TriQuint reported record financial results for 2010, growing revenue by 34% to $878.7m. GAAP net income for the year grew almost 12 fold and non-GAAP earnings nearly tripled. During Buhaly’s tenure, the stock price has improved significantly, says the firm. In its earnings release on 9 February, it guided that 2011 revenue should surpass $1bn. Corporate goals (summarized in the recently filed annual report) include 20% annual growth rate, 20% operating margin, and 20% market share. With no debt and $198.8m in cash (as of 2 April), TriQuint says that it is poised to continue profitable growth.

Tags: TriQuint

Visit: www.triquint.com