Ichor Holdings, Ltd. Announces Unaudited Preliminary Earnings Results for the Third Quarter Ended September 24, 2021 and Provides Earnings Guidance for the Fourth Quarter of 2021
October 22, 2021 at 09:00 am EDT
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Ichor Holdings, Ltd. announced unaudited preliminary earnings results for the third quarter ended September 24, 2021. For the third quarter of 2021, the company expects to report revenue of approximately $263 million, U.S. GAAP net income of $18.5 million, diluted earnings per share in the range of $0.63 to $0.65 on a GAAP basis.
Given the company's current visibility and assessment of supply chain dynamics, the company expects fourth quarter 2021 revenues of approximately $290 million, plus or minus $15 million, with continued growth expected to extend into 2022.
Ichor Holdings, Ltd is engaged in designing, engineering, and manufacturing of critical fluid delivery subsystems and components for semiconductor capital equipment. Its primary product offerings include gas and chemical delivery systems and subsystems, collectively known as fluid delivery systems and subsystems, which are key elements of the process tools used in the manufacturing of semiconductor devices. Its gas delivery subsystems deliver, monitor, and control precise quantities of the specialized gases used in semiconductor manufacturing processes, such as etch and deposition. Its chemical delivery systems and subsystems precisely blend and dispense the reactive liquid chemistries used in semiconductor manufacturing processes such as chemical-mechanical planarization, electroplating, and cleaning. It also provides precision-machined components, weldments, electron beam (e-beam) and laser-welded components, precision vacuum and hydrogen brazing, and surface treatment technologies.
Ichor Holdings, Ltd. Announces Unaudited Preliminary Earnings Results for the Third Quarter Ended September 24, 2021 and Provides Earnings Guidance for the Fourth Quarter of 2021