News Article
Steve Buhaly honoured as “CFO of the Year”
Buhaly has been recognised for his leadership during TriQuint’s meteoric growth during 2010.
TriQuint Semiconductor, a leading RF solutions supplier and technology innovator, announces its chief financial officer, Steve Buhaly, was named ‘CFO of the Year’ at The Portland Business Journal’s annual awards program. Buhaly received the honour in the public company category.
“Steve Buhaly is a terrific role model for our entire organisation. 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. He brings common sense and a quick wit to our team,” said Ralph Quinsey, President and CEO of TriQuint.
Buhaly is a valuable 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 company in September 2007, he has inspired operational improvements and empowered his senior managers with skill and thoughtfulness.
TriQuint turned in record 2010 financial results, growing revenue 34% to $878.7 Million. GAAP net income for the year grew almost 12 fold. Driving improved profitability and leveraging the Company’s growth is of considerable value to shareholders, and has resulted in a significantly improved stock price during Buhaly’s time with the company. In its February 9th earnings release, the company guided that 2011 revenue should surpass $1 billion. TriQuint summarised its corporate goals in the recently filed Annual Report: 20% annual growth rate, 20% operating margin, 20% market share.
With no debt and $198.8 million in cash, TriQuint is poised to continue profitable growth as a leading RF provider to markets including fast growing mobile devices, networks, defence and aerospace.
