MKS Instruments, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
February 07, 2024 at 04:31 pm EST
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MKS Instruments, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported revenue was USD 893 million compared to USD 1,085 million a year ago. Net loss was USD 68 million compared to net income of USD 54 million a year ago. Basic loss per share from continuing operations was USD 1.02 compared to basic earnings per share from continuing operations of USD 0.81 a year ago. Diluted loss per share from continuing operations was USD 1.02 compared to diluted earnings per share from continuing operations of USD 0.81 a year ago.
For the full year, revenue was USD 3,622 million compared to USD 3,547 million a year ago. Net loss was USD 1,841 million compared to net income of USD 333 million a year ago. Basic loss per share from continuing operations was USD 27.54 compared to basic earnings per share from continuing operations of USD 5.57 a year ago. Diluted loss per share from continuing operations was USD 27.54 compared to diluted earnings per share from continuing operations of USD 5.56 a year ago.
MKS Instruments, Inc. is engaged in delivering technology solutions. The Company's segments include Vacuum Solutions Division (VSD), Photonics Solutions Division (PSD), and Materials Solutions Division (MSD). The VSD segment delivers technology solutions to edge semiconductor manufacturing, electronics and packaging and specialty industrial applications. VSD products are derived from its core competencies in pressure measurement and control, flow measurement and control, gas and vapor delivery, gas composition analysis, electronic control technology, reactive gas generation and delivery, power generation and delivery, and vacuum technology. The PSD segment provides a range of instruments, components, and subsystems to semiconductor manufacturing, electronics and packaging and specialty industrial applications. The MSD segment develops process and manufacturing technologies for advanced surface modification, electroless and electrolytic plating, and surface finishing.
MKS INSTRUMENTS, INC. 
