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Mar 26, 2021
Ichor Q1 2021 Earnings Report
Reported record revenues and strong profitability.
Key Takeaways
Ichor Holdings, Ltd. announced record first-quarter 2021 financial results, with revenues at the high end of expectations and an increase of 8% over the previous quarter. The company demonstrated strong execution in a challenging environment. Visibility through the end of 2021 indicates a stronger Q2 compared to Q1, a stronger second half compared to the first half, and continued incremental improvements to profitability.
Revenues of $265 million, up 20% year-over-year and the eighth consecutive quarter of revenue growth
Gross margin of 14.9% on a GAAP basis and 16.1% on a non-GAAP basis
Net earnings of $0.51 per diluted share on a GAAP basis and $0.76 on a non-GAAP basis
Cash flow from operations of $26 million and free cash flow of $20 million
Ichor
Ichor
Forward Guidance
For the second quarter of 2021, Ichor expects revenue to be in the range of $270 million to $300 million. We expect GAAP diluted EPS to be in the range of $0.59 to $0.76 and non-GAAP diluted EPS to be in the range of $0.77 to $0.93.