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Dec 29, 2023
Ichor Q4 2023 Earnings Report
Ichor's Q4 2023 financial performance saw revenues at the upper end of guidance, but a less favorable product and customer mix impacted gross margins, resulting in a GAAP EPS of $(0.40) and a non-GAAP EPS of $(0.06).
Key Takeaways
Ichor Holdings reported Q4 2023 revenues of $203.5 million, at the upper end of their guidance. However, gross margin was 10.0% on a GAAP basis and 10.4% on a non-GAAP basis, impacted by product and customer mix. The company reported a GAAP EPS of $(0.40) and a non-GAAP EPS of $(0.06). They generated $38 million in cash flow from operations and reduced total debt by $32 million during the quarter.
Revenues reached $203 million, at the high end of guidance.
GAAP gross margin was 10.0%, while non-GAAP gross margin was 10.4%.
GAAP EPS was $(0.40), and non-GAAP EPS was $(0.06).
The company generated $38 million in cash flow from operations and reduced its total debt outstanding by $32 million.
Forward Guidance
For the first quarter of 2024, Ichor expects revenue to be in the range of $190 million to $210 million. They expect GAAP diluted EPS to be in the range of $(0.24) to $(0.14) and non-GAAP diluted EPS to be in the range of $(0.05) to $0.05.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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