MKS Inc. Stock Price, News & Analysis

MKS Instruments, a leader in advanced manufacturing technologies, announced that Seth H. Bagshaw, CFO, will participate in upcoming virtual investor conferences. The conferences include Deutsche Bank’s Virtual Technology Conference on September 10, 2021, at 8:40 a.m. ET, and Citi’s Global Technology Virtual Conference on September 14, 2021, at 10:30 a.m. ET. Live webcasts of the sessions will be available on the company's Investor Relations website, with replays accessible for a limited time afterwards.

MKS Instruments (NASDAQ: MKSI) reported record revenue of $750 million, a 38% increase year-over-year, for Q2 2021. Non-GAAP net earnings hit $168 million, up 88%, while GAAP net income surged to $147 million, an increase of 99%. Operating cash flow reached $165 million, a 19% growth, and free cash flow increased by 26% to $149 million. The company anticipates Q3 revenue of approximately $720 million, despite facing supply constraints. MKS is also enhancing its position in the market with acquisitions, including Photon Control Inc. and Atotech Limited.

MKS Instruments (NASDAQ: MKSI) has announced a quarterly cash dividend of $0.22 per share, set to be paid on September 10, 2021, to shareholders recorded by August 30, 2021. Future dividends depend on the Board of Directors' discretion. The company specializes in technologies that enhance manufacturing productivity across various sectors, including semiconductor and life sciences.

MKS Instruments (NASDAQ: MKSI) confirmed a significant order for its ESI® Geode™ HDI via drilling system from TTM Technologies, a leader in HDI PCB manufacturing, for its facility in Guangzhou, China. Although financial details were not disclosed, this order aims to enhance TTM's manufacturing capabilities and technological advancements. MKS’s Geode technology is recognized for its efficiency in high-volume production of HDI PCBs, leveraging CO2 laser technology to improve throughput and precision in consumer electronics applications.

MKS Instruments (NASDAQ: MKSI) has finalized its acquisition of Photon Control Inc. (TSX: PHO), which enhances its technology solutions for the semiconductor market. This strategic move aims to bolster MKS's Surround the Chamber® portfolio by integrating optical sensors for temperature control essential for semiconductor wafer fabrication. MKS President and CEO John T.C. Lee highlighted the cultural alignment and shared vision between the two companies, anticipating the acquisition to amplify productivity and process performance.

MKS Instruments, Inc. (NASDAQ: MKSI) will announce its second quarter 2021 financial results on July 28, 2021, after market close. A conference call will take place on July 29, 2021, at 8:30 a.m. ET, accessible by dialing (877) 212-6076 for domestic callers and (707) 287-9331 for international participants. The Conference ID is 1346544. A live and archived webcast will be available on the company's website, enhancing accessibility for stakeholders and investors.

MKS Instruments (NASDAQ: MKSI) has announced its definitive agreement to acquire Atotech for $5.1 billion in cash and stock. This strategic move combines MKS's strengths in lasers and optics with Atotech's expertise in process chemicals, positioning MKS to meet the rising demand for advanced electronics interconnect solutions. The transaction is projected to generate $50 million in annual cost synergies within 18 to 36 months and be accretive to non-GAAP net earnings per share within the first year. Pro forma revenue for the merged entities is expected to be $3.8 billion.