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Mar 27, 2020
Ichor Q1 2020 Earnings Report
Ichor's financial performance increased in the first quarter of 2020, driven by revenue growth and improved earnings per share.
Key Takeaways
Ichor Holdings reported a strong first quarter in 2020, with revenues of $220 million, a 60% increase year-over-year. The company's GAAP EPS was $0.15, and non-GAAP EPS was $0.52. Despite challenges posed by the COVID-19 pandemic, Ichor achieved its third-strongest revenue quarter in history.
Revenues reached $220 million, showing a 16% sequential increase and a 60% year-over-year growth.
GAAP earnings per diluted share stood at $0.15, while non-GAAP earnings per diluted share reached $0.52.
Earnings per share increased over 100% compared to the first quarter of 2019.
The company managed to deliver its third-strongest revenue quarter despite significant supply-chain disruptions caused by the COVID-19 pandemic.
Forward Guidance
For the second quarter of 2020, Ichor expects revenue to be in the range of $180 to $220 million. GAAP diluted EPS is expected to be between $0.11 and $0.35, and non-GAAP diluted EPS is expected to be between $0.32 and $0.54.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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