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Sep 24, 2021
Ichor Q3 2021 Earnings Report
Announced third quarter 2021 financial results, demonstrating year-over-year revenue growth and continued strong margins and profitability.
Key Takeaways
Ichor Holdings reported Q3 2021 financial results with revenue of $262.9 million, a 15% increase year-over-year. GAAP net income was $18.5 million, or $0.64 per diluted share, while non-GAAP net income was $23.4 million, or $0.81 per diluted share. The company expects revenue to be between $275 million and $305 million in Q4 2021.
Revenues of $263 million, up 15% year-over-year.
Gross margin of 16.6% on a GAAP basis and 16.7% on a non-GAAP basis.
Net earnings of $0.64 per diluted share on a GAAP basis and $0.81 on a non-GAAP basis.
Post-quarter-end execution of an amended and restated credit agreement, increasing borrowing capacity and reducing the overall borrowing rate.
Ichor
Ichor
Forward Guidance
For the fourth quarter of 2021, the company expects revenue to be in the range of $275 million to $305 million. They expect GAAP diluted EPS to be in the range of $0.64 to $0.82 and non-GAAP diluted EPS to be in the range of $0.82 to $0.98.
Positive Outlook
- Revenue expected to be in the range of $275 million to $305 million.
- GAAP diluted EPS expected to be in the range of $0.64 to $0.82.
- Non-GAAP diluted EPS expected to be in the range of $0.82 to $0.98.