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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, Ltd. (NASDAQ: ICHR) announced its participation in two investor conferences during Q2 2022. The conferences include the B. Riley Securities 22nd Annual Institutional Investor Conference in Beverly Hills, CA, on May 25-26, 2022, and the Cowen 50th Annual Technology, Media & Telecom Conference in New York, NY, on June 1-2, 2022. Presentation materials will be available on their investor relations website. Ichor specializes in designing and manufacturing critical fluid delivery subsystems for semiconductor capital equipment.
Ichor Holdings, Ltd. (NASDAQ: ICHR) reported first quarter 2022 revenues of $293 million, an 11% increase year-over-year. The company's gross margin stood at 15% GAAP and 16% non-GAAP. Earnings per share were $0.28 GAAP and $0.70 non-GAAP. Despite record revenues, supply chain challenges persist, prompting increased hiring and manufacturing capacity, which impacted gross margins. Looking ahead, Q2 2022 revenue is forecasted between $290 million and $330 million.
Ichor Holdings, Ltd. (NASDAQ: ICHR) will announce its first quarter 2022 earnings on May 10, 2022. The earnings press release will be issued at 1:00 PM Pacific Time, followed by a conference call at 1:30 PM to discuss results and future business outlook. Investors can access the earnings release and additional information via Ichor's investor website. Ichor specializes in fluid delivery subsystems for semiconductor capital equipment, with products critical to manufacturing processes.
Ichor Holdings, Ltd. (NASDAQ: ICHR) has appointed Paul Chhabra as the new Chief Operating Officer, effective April 11, 2022. Chhabra, with over 20 years of experience in global supply chain and manufacturing, will oversee Ichor's operations. He previously held a senior position at Franklin Electric and served as vice president for the semiconductor division at Applied Materials. His appointment follows the transition of former COO Kevin Canty to head of strategic initiatives, marking a significant leadership change amidst the company's growth.
Ichor Holdings, Ltd. (NASDAQ: ICHR) reported record revenues of $1.1 billion and earnings of $2.45 per diluted share for fiscal year 2021. The fourth quarter revenue reached $287.2 million, up from $262.9 million in Q3 2021. Gross margins improved, showing a 250bp increase for GAAP and 210bp for non-GAAP year-over-year. The acquisition of IMG Companies, LLC added precision capabilities. The first quarter 2022 outlook predicts revenue between $280 million to $320 million and diluted EPS between $0.55 to $0.79.
Ichor Holdings, Ltd. (NASDAQ: ICHR) will announce its fourth quarter and full year 2021 financial results on February 8, 2022. An earnings press release will be issued just after 1:00 PM Pacific Time, followed by a conference call at 2:00 PM to discuss the results and outlook. Investors can access the press release and supplemental financial information on Ichor's investor website. The company specializes in critical fluid delivery subsystems for semiconductor capital equipment and serves multiple industries including defense and medical.
Ichor Holdings, Ltd. (NASDAQ: ICHR) announced management participation in the 24th Annual Needham Growth Conference, taking place virtually from January 10-14, 2022. The company's presentation will be webcast live on January 10 at 1:15 PM EST. Ichor specializes in designing and manufacturing critical fluid delivery subsystems for semiconductor capital equipment, with additional applications in defense/aerospace and medical industries. Key products include gas and chemical delivery subsystems, essential in semiconductor manufacturing processes.
Ichor Holdings, Ltd. (NASDAQ: ICHR) announced its participation at SEMICON Japan 2021, presenting the Ichor Integrated Manifold System for chemical delivery in semiconductor processes on December 16, 2021, at 10:30am JST. This modular architecture enhances efficiency and reduces chemical waste. Ichor's strong IP portfolio includes two newly issued US Patents, reinforcing its leadership in fluid delivery systems for the semiconductor industry. Visitors can learn more at the KITZ SCT Corporation booth during the event.
Ichor Holdings (NASDAQ: ICHR) announced a merger agreement with IMG Companies for a total purchase price of $270 million. The deal will be financed with approximately $140 million in cash and marketable securities, and $130 million through incremental borrowing. The acquisition is set to enhance Ichor’s precision machining capabilities and diversify its customer base in the semiconductor, medical, and aerospace/defense industries. Expected contributions from IMG are projected to add $70-$80 million in revenue and $0.32-$0.38 to non-GAAP EPS annually.
Ichor Holdings, Ltd. (NASDAQ: ICHR), a prominent player in semiconductor capital equipment, has announced its management's participation in several investor conferences in Q4 2021. Key events include the Stifel Midwest One-on-One Growth Conference on November 11, UBS Global TMT Virtual Conference from December 6-8 (presentation on December 6 at 2:00 pm EST), and the 10th Annual December CEO Summit on December 8 in San Francisco. The CEO Summit will feature 11 participating companies and is invitation-only. Conference materials will be available on Ichor's investor relations page.
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