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MKS Instruments, Inc. (NASDAQ: MKSI) provides critical process control solutions for semiconductor manufacturing and advanced electronics production. This news hub delivers timely updates on corporate developments, financial performance, and technological innovations impacting global manufacturing sectors.
Investors and industry professionals will find comprehensive coverage of earnings announcements, strategic partnerships, product launches, and operational milestones. Our curated news collection ensures efficient tracking of MKSI's market position and sector influence.
Key content includes press releases detailing R&D advancements, acquisition activities, leadership changes, and financial disclosures. The repository serves as an essential resource for understanding MKSI's role in enabling precision manufacturing through instrumentation and vacuum technology solutions.
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MKS Instruments (NASDAQ: MKSI) has announced its participation in two upcoming investor conferences. The company will present at the Wells Fargo TMT Conference on December 3, 2024, at 8:00 am PST, and the Nasdaq Investor Conference on December 10, 2024, at 11:00 am GMT. John T.C. Lee, President and Chief Executive Officer, will represent the company at both events. Live webcasts will be available on the company's investor relations website, with replays accessible for a time.
MKS Instruments reported strong Q3 2024 financial results with quarterly revenue of $896 million, reaching the high end of guidance. The company achieved GAAP net income of $62 million ($0.92 per share) and Adjusted EBITDA of $232 million. Non-GAAP earnings per diluted share reached $1.72, exceeding guidance expectations. For Q4 2024, MKS projects revenue of $910 million (±$40M), Adjusted EBITDA of $226 million (±$23M), and Non-GAAP earnings per diluted share of $1.95 (±$0.32). The company made a voluntary debt prepayment of $216 million in October.
MKS Instruments (NASDAQ: MKSI) has appointed Wissam Jabre, EVP and Chief Financial Officer of Western Digital , to its Board of Directors, effective November 4, 2024. Jabre brings extensive experience in finance and the electronics/semiconductor markets. He currently leads Western Digital's global finance organization and previously served as CFO at Dialog Semiconductor until its Renesas Electronics acquisition. His career includes senior finance roles at AMD, Freescale Semiconductor, and Motorola. Jabre holds a B.E. in Electrical Engineering and an MBA from Columbia Business School.
MKS Instruments (NASDAQ: MKSI) has announced a quarterly cash dividend of $0.22 per share. The dividend will be paid on December 6, 2024, to shareholders of record as of November 25, 2024. The company's Board of Directors maintains discretion over future dividend declarations, including record and payment dates.
MKS Instruments (NASDAQ: MKSI) has broken ground on a new super center factory in Penang, Malaysia. The state-of-the-art facility will span 500,000 square feet on a 17-acre plot and is expected to employ approximately 1,000 people. The factory, aimed at supporting growing semiconductor equipment needs for wafer fabrication, will be built in multiple phases with the first phase scheduled for completion in the first half of 2026. The expansion aligns with Malaysia's New Industrial Master Plan 2030 and follows the country's M&E sector growth, which saw 64 projects valued at RM2.8 billion approved in 1H2024.
MKS Instruments, Inc. (NASDAQ: MKSI), a global provider of enabling technologies, has announced its upcoming third quarter 2024 earnings conference call. The company will release its financial results after market close on Wednesday, November 6, 2024. A conference call with management is scheduled for Thursday, November 7, 2024, at 8:30 a.m. Eastern Time.
Interested parties can access a live and archived webcast of the call on the company's investor relations website. To participate via phone, individuals should register online to receive dial-in details. MKS encourages participants to register and dial in at least 15 minutes before the call's start time to ensure a timely connection.
MKS Instruments President and CEO John T.C. Lee will be honored as a Pinnacle Award winner at the 2024 Outstanding 50 Asian Americans in Business gala on September 18 in New York City. This prestigious award, given by the Asian American Business Development Center (AABDC), recognizes excellence in corporate professionals and entrepreneurs.
Dr. Lee will share the honor with Karthik Narain of Accenture. The AABDC praised MKS Instruments for its innovation and commitment to diverse teams. Dr. Lee expressed gratitude for the award, crediting the MKS team for keeping the company at the forefront of technology in crucial, fast-moving sectors.
MKS Instruments (NASDAQ: MKSI) is a global provider of technologies that transform various industries, specializing in semiconductors, photonics, and chemistries.
MKS Instruments, Inc. (NASDAQ: MKSI), a global provider of transformative technologies, has announced its participation in Citi's 2024 Global TMT Conference. The company's President and CEO, John T.C. Lee, will engage in a fireside chat on Wednesday, September 4, 2024, at 8:20 a.m. EDT.
Investors and interested parties can access a live webcast of the session through the Investor Relations section of MKS Instruments' website. The event will also be available for replay for a time after the conference. This participation underscores MKS Instruments' commitment to engaging with the investment community and sharing insights about its innovative technologies and market position.
MKS Instruments (NASDAQ: MKSI) has announced the appointment of Ram Mayampurath as Executive Vice President, Chief Financial Officer and Treasurer, effective October 14, 2024. Mayampurath, with over 25 years of experience in financial strategy and value creation, will join MKS from Rogers (NYSE: ROG), where he served as Senior Vice President, CFO, and Treasurer. He previously held positions at Rogers since 2014 and at Royal Philips Electronics from 2005 to 2014.
Mayampurath brings expertise in global finance, M&A, capital allocation strategy, revenue growth, and margin expansion. He is a chartered accountant with an MBA from Southern Illinois University and a Master's in Global Management from Thunderbird School of Global Management. John T.C. Lee, President and CEO of MKS, expressed pleasure in welcoming Mayampurath to the executive team.
MKS Instruments (NASDAQ: MKSI) reported strong Q2 2024 financial results, with revenue of $887 million at the high end of guidance. The company posted GAAP net income of $23 million and net income per share of $0.33. Adjusted EBITDA reached $228 million, while Non-GAAP net earnings per diluted share were $1.53, exceeding the high-end of guidance.
CEO John T.C. Lee highlighted the company's strong execution in Semiconductor and Electronics & Packaging markets, emphasizing MKS's role as a critical enabler in chipmaking and advanced electronics. For Q3 2024, MKS expects revenue of $870 million (±$40 million), Adjusted EBITDA of $206 million (±$23 million), and Non-GAAP net earnings per diluted share of $1.43 (±$0.28).
