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Stock impact report

Ichor Holdings, Ltd. Announces First Quarter 2024 Financial Results

Ichor Holdings - Ordinary Shares (ICHR) 
Last ichor holdings - ordinary shares earnings: 2/5 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: ichorsystems.com/investor-relations
Company Research Source: Business Wire
FREMONT, Calif.--(BUSINESS WIRE)--Ichor Holdings, Ltd. (NASDAQ: ICHR), a leader in the design, engineering, and manufacturing of critical fluid delivery subsystems and components for semiconductor capital equipment, today announced first quarter 2024 financial results.First quarter 2024 highlights:Revenues of $201 million;Gross margin of 11.4% on a GAAP basis and 12.2% on a non-GAAP basis;Earnings per share ("EPS") of $(0.30) on a GAAP basis and $(0.09) on a non-GAAP basis; and$117 million reduction in total debt outstanding at quarter end.“As expected, our Q1 revenues remained similar to Q4 levels, reflecting the relatively stable demand environment within the wafer fab equipment market,” commented Jeff Andreson, chief executive officer. “With expectations for industry demand in 2024 remaining relatively consistent year to date, we likewise have witnessed a stabilization in our revenue run rate around these levels. We remain optimistic for an improvement in second half revenue vo Show less Read more
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