MKS Q1 2023 Earnings Report
Key Takeaways
MKS Instruments reported first quarter 2023 financial results, with revenue of $794 million. The company experienced a GAAP net loss per diluted share of $0.64, but a non-GAAP net earnings per diluted share of $0.48. They generated $37 million in operating cash flow and $20 million in free cash flow. The company is integrating Atotech and addressing macro and end market-driven softness entering the second quarter.
Global operations were restored following a ransomware incident.
Revenue reached $794 million.
GAAP net loss per diluted share was $0.64.
Non-GAAP net earnings per diluted share was $0.48.
MKS
MKS
MKS Revenue by Segment
Forward Guidance
The Company expects for the second quarter of 2023, revenue of $980 million, plus or minus $50 million, Adjusted EBITDA of $223 million, plus or minus $27 million, and Non-GAAP net earnings per diluted share of $1.13, plus or minus $0.29.
Positive Outlook
- Revenue of $980 million, plus or minus $50 million
- Adjusted EBITDA of $223 million, plus or minus $27 million
- Non-GAAP net earnings per diluted share of $1.13, plus or minus $0.29