Ichor Holdings, Ltd. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 06, 2023 at 04:05 pm EST
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Ichor Holdings, Ltd. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 196.76 million compared to USD 355.64 million a year ago. Net loss was USD 10.43 million compared to net income of USD 29.03 million a year ago. Basic loss per share from continuing operations was USD 0.36 compared to basic earnings per share from continuing operations of USD 1.01 a year ago. Diluted loss per share from continuing operations was USD 0.36 compared to diluted earnings per share from continuing operations of USD 1 a year ago.
For the nine months, sales was USD 607.64 million compared to USD 978.35 million a year ago. Net loss was USD 31.09 million compared to net income of USD 58.61 million a year ago. Basic loss per share from continuing operations was USD 1.07 compared to basic earnings per share from continuing operations of USD 2.04 a year ago. Diluted loss per share from continuing operations was USD 1.07 compared to diluted earnings per share from continuing operations of USD 2.02 a year ago.
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.