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Dec 25, 2020
Ichor Q4 2020 Earnings Report
Ichor reported record revenues and strong growth, outperforming the industry with significant improvements in gross margin, operating margin, and earnings per share.
Key Takeaways
Ichor Holdings announced record revenues and strong growth for Q4 2020, with revenue up 29% year-over-year. The company achieved sequential revenue growth every quarter, demonstrating market share gains. They also saw improvements in gross margin, operating margin, and earnings per share.
Revenues of $245 million, up 29% year-over-year.
Gross margin of 14.0% on a GAAP basis and 15.8% on a non-GAAP basis.
Net earnings of $0.51 per diluted share on a GAAP basis and $0.81 on a non-GAAP basis.
Cash flow from operations of $40 million and free cash flow of $38 million.
Forward Guidance
For the first quarter of 2021, we expect revenue to be in the range of $245 million to $265 million. We expect GAAP diluted EPS to be in the range of $0.46 to $0.58 and non-GAAP diluted EPS to be in the range of $0.64 to $0.76.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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