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Sep 25, 2020
Ichor Q3 2020 Earnings Report
Announced third quarter 2020 financial results, showcasing revenue growth and increased profitability.
Key Takeaways
Ichor Holdings reported strong third quarter 2020 financial results, with revenues of $227.7 million, a 47% increase year-over-year. The company's GAAP EPS was $0.45, and non-GAAP EPS was $0.62. The company also generated $20.7 million in free cash flow.
Revenues increased by 47% year-over-year, reaching $228 million.
GAAP net earnings per diluted share was $0.45, and non-GAAP net earnings per diluted share was $0.62.
Cash flow from operations was $23.3 million, and free cash flow was $20.7 million.
Gross margin was 14.3% on a GAAP basis and 14.6% on a non-GAAP basis.
Forward Guidance
For the fourth quarter of 2020, Ichor expects revenue to be in the range of $220 million to $245 million. GAAP diluted EPS is expected to be in the range of $0.38 to $0.59 and non-GAAP diluted EPS to be in the range of $0.59 to $0.77.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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