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Mar 31, 2024
MKS Q1 2024 Earnings Report
MKS Instruments reported strong results despite a soft end-market demand environment.
Key Takeaways
MKS Instruments reported first quarter revenue of $868 million. GAAP net income was $15 million, with earnings per share of $0.22. Adjusted EBITDA was $217 million, and Non-GAAP net earnings per diluted share reached $1.18.
Quarterly revenue was $868 million, exceeding the midpoint of guidance.
GAAP net income was $15 million, with net income per share of $0.22.
Adjusted EBITDA was $217 million, surpassing the high-end of guidance.
An additional $50 million voluntary debt prepayment was made in April.
MKS
MKS
MKS Revenue by Segment
Forward Guidance
For the second quarter of 2024, the Company expects revenue of $860 million, plus or minus $40 million, Adjusted EBITDA of $197 million, plus or minus $23 million, and Non-GAAP net earnings per diluted share of $0.93, plus or minus $0.26.