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Dec 27, 2019

Ichor Q4 2019 Earnings Report

Reported strong Q4 2019 financial results with revenue at the high end of expectations and up 23% sequentially.

Key Takeaways

Ichor Holdings reported Q4 2019 revenue of $189.355 million, net income of $7.952 million, and diluted EPS of $0.35. Non-GAAP adjusted net income was $10.929 million, and non-GAAP adjusted diluted EPS was $0.48. The company's cash flow from operations was $32.147 million, and free cash flow was $28.152 million.

Revenues of $189 million, at the high end of expectations.

Net earnings of $0.35 per diluted share on a GAAP basis and $0.48 on a non-GAAP basis.

Cash flow from operations of $32 million and free cash flow of $28 million.

Second-half momentum in terms of both revenue and earnings growth demonstrates expanding share within served markets.

Total Revenue
$189M
Previous year: $141M
+33.9%
EPS
$0.48
Previous year: $0.32
+50.0%
Gross Profit Margin
13.7%
Operating Income Margin
3%
Gross Profit
$25.9M
Previous year: $21.4M
+20.8%
Cash and Equivalents
$60.6M
Free Cash Flow
$28.2M
Previous year: $30.6M
-7.9%
Total Assets
$567M
Previous year: $485M
+16.7%

Ichor

Ichor

Forward Guidance

For the first quarter of 2020, the company expects revenue to be in the range of $220 to $235 million. GAAP diluted EPS is expected to be in the range of $0.41 to $0.51 and non-GAAP adjusted diluted EPS to be in the range of $0.64 to $0.74.