MKS Instruments Inc

MKSI

Equity

ISIN US55306N1046 / Valor 616689

NASDAQ (2024-09-16)

USD 108.30-3.17%

MKS Instruments Inc
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About company

MKS Instruments Inc (NASDAQ: MKSI) is a company that provides foundational technology solutions to semiconductor manufacturing, electronics, packaging, and specialty industrial applications. They create instruments, subsystems, systems, process control solutions, and specialty chemicals technology that improve process performance, optimize productivity, and enable innovations for leading technology and industrial companies. Their solutions play a crucial role in addressing challenges in advanced device manufacturing, such as miniaturization and complexity, by enabling increased power, speed, feature enhancement, and optimized connectivity. Additionally, their solutions cater to the performance requirements of various specialty industrial applications.

Summarized from source with an LLMView SourceSector: Technology

Revenue Growth

MKS Instruments Inc. reported revenue of $868 million for the first quarter of 2024, which was above the midpoint of their guidance. This represents a significant increase compared to the same period in the previous year, showcasing the company's strong performance despite a challenging market environment.

Net Income

For the first quarter of 2024, MKS Instruments Inc. achieved a GAAP net income of $15 million, translating to a net income per share of $0.22. This marks a substantial improvement from the net loss reported in the previous quarter and the same quarter last year.

Adjusted EBITDA

MKS Instruments Inc. reported an Adjusted EBITDA of $217 million for the first quarter of 2024. This figure exceeded the high-end of their guidance, reflecting the company's effective cost management and operational efficiency.

Dividends and Debt Reduction

During the first quarter of 2024, MKS Instruments Inc. paid a cash dividend of $15 million, or $0.22 per diluted share. Additionally, the company made a voluntary prepayment of $50 million on its USD term loan B, demonstrating its commitment to reducing debt levels.

Second Quarter 2024 Outlook

Looking ahead, MKS Instruments Inc. expects revenue for the second quarter of 2024 to be approximately $860 million, plus or minus $40 million. The company also anticipates an Adjusted EBITDA of $197 million, plus or minus $23 million, and Non-GAAP net earnings per diluted share of $0.93, plus or minus $0.26.

Summarized from source with an LLMView Source

Key figures

22.3%1Y

-28.0%3Y

16.5%5Y

Performance

46.1%1Y

46.8%3Y

49.3%5Y

Volatility