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Dec 30, 2022

Ichor Q4 2022 Earnings Report

Announced fourth quarter and fiscal year 2022 financial results.

Key Takeaways

Ichor Holdings reported Q4 2022 revenues of $302 million, a 5% increase year-over-year, and GAAP EPS of $0.49 and non-GAAP EPS of $0.72.

Revenues of $302 million, up 5% year-over-year and moderating 15% from a record Q3 2022.

Gross margin of 16.2% on a GAAP basis and 16.7% on a non‑GAAP basis.

Earnings per share of $0.49 on a GAAP basis and $0.72 on a non-GAAP basis.

$39 million of cash flow from operations.

Total Revenue
$302M
Previous year: $287M
+5.1%
EPS
$0.72
Previous year: $0.9
-20.0%
Gross Profit
$48.9M
Previous year: $47M
+4.1%
Cash and Equivalents
$86.5M
Previous year: $75.5M
+14.5%
Free Cash Flow
$31.8M
Previous year: -$11.3M
-382.1%
Total Assets
$1.08B
Previous year: $1.02B
+6.2%

Ichor

Ichor

Forward Guidance

For the first quarter of 2023, we expect revenue to be in the range of $210 million to $240 million. We expect GAAP diluted EPS to be in the range of ($0.03) to $0.16 and non-GAAP diluted EPS to be in the range of $0.19 to $0.37.