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Ichor Holdings Ltd (ICHR) is a global leader in the design, engineering, and manufacturing of critical fluid delivery subsystems for semiconductor capital equipment. The company specializes in creating gas and chemical delivery subsystems, often referred to as fluid delivery subsystems, which are essential components in the semiconductor manufacturing process.
Operating from a worldwide footprint, Ichor serves a diverse range of markets including semiconductor, LED, OLED, alternative energy, data storage, and flat panel displays. The company's strategic approach combines world-class design and manufacturing processes with a proven capability for large-scale equipment integration and legacy services.
As a preferred vendor, Ichor partners with major original equipment manufacturers (OEMs) to offer turnkey solutions. This partnership allows OEMs to outsource non-critical elements of tool design, production, and support, enabling them to focus on process and technology development. Ichor's expertise in managing rapid product introductions, global supply chain networks, and maintaining production quality standards has earned it numerous supplier-of-the-year awards from leading OEMs.
Ichor's product portfolio also includes machined components, weldments, and proprietary products for fluid delivery systems. The company is known for its commitment to improving product costs, quality, and lead times, which has solidified its reputation in the industry.
Geographically, Ichor operates in the United States, the United Kingdom, Singapore, Malaysia, Korea, and Mexico, with a significant portion of its revenue generated from Singapore. This global presence allows Ichor to deliver comprehensive solutions and support to its customers worldwide.
Recent achievements and ongoing projects highlight Ichor's continuous innovation and adaptation to market demands. The company's dedication to excellence and customer satisfaction remains a driving force behind its success in the competitive semiconductor industry.
Ichor Holdings (NASDAQ: ICHR) will announce its first quarter 2023 results on May 9, 2023. The earnings press release will be available after market close, followed by a conference call at 1:30 PM PT on the same day to discuss the results and future outlook. Ichor specializes in designing and manufacturing critical fluid delivery subsystems and components, primarily for the semiconductor capital equipment sector, but also serves defense and medical industries. Their key offerings include gas and chemical delivery subsystems, essential for semiconductor manufacturing processes. For more information, investors can visit Ichor's website.
Ichor Holdings (NASDAQ: ICHR) reported Q4 2022 revenues of $302 million, a 5% annual increase but down 15% from Q3 2022. Gross margins stand at 16.2% (GAAP) and 16.7% (non-GAAP). Diluted EPS reached $0.49 (GAAP) and $0.72 (non-GAAP). Fiscal year 2022 saw record revenues of $1.28 billion, up 17% YoY, with a gross margin of 16.6% (GAAP) and record diluted EPS of $2.51 (GAAP). However, the company anticipates Q1 2023 revenues will decline to between $210 million and $240 million due to reduced demand in wafer fab equipment and export restrictions to China. Despite challenges, Ichor's cash flow from operations was strong at $39 million in Q4 2022.
Ichor Holdings, Ltd. (NASDAQ: ICHR) will announce its fourth quarter 2022 results on February 7, 2023. The earnings press release will be available post-market closure, followed by a conference call at 1:30 PM PT to discuss results and the business outlook. Investors can access the press release and financial details on Ichor's investor website. Ichor is a leader in fluid delivery subsystems for semiconductor capital equipment, emphasizing precise gas and chemical delivery essential for semiconductor manufacturing processes, among other applications.
Ichor Holdings, a semiconductor capital equipment supplier, announced preliminary Q4 2022 results with revenues between $300 million to $302 million, marking a 5% year-over-year growth but a 15% sequential decline. The company reported strong cash flow, ending the year with approximately $82 million in cash. CEO Jeffrey Andreson noted ongoing weaknesses in wafer fab equipment demand, particularly in memory spending, leading to revised revenue outlook for Q1 2023 at $210 million to $240 million. Ichor anticipates managing costs effectively during this period.
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