MKS Q2 2024 Earnings Report
Key Takeaways
MKS Instruments reported Q2 2024 revenue of $887 million, at the high end of guidance. GAAP net income was $23 million, with a net income per share of $0.33. Adjusted EBITDA was $228 million, and Non-GAAP net earnings per diluted share reached $1.53, exceeding the high-end of guidance.
Revenue reached $887 million, at the high end of guidance.
GAAP net income was $23 million, or $0.33 per share.
Adjusted EBITDA was $228 million, exceeding guidance.
Proactive measures improved debt profile with convertible notes offering and term loan prepayment.
MKS
MKS
MKS Revenue by Segment
Forward Guidance
For the third quarter of 2024, the Company expects revenue of $870 million, plus or minus $40 million, Adjusted EBITDA of $206 million, plus or minus $23 million, and Non-GAAP net earnings per diluted share of $1.43, plus or minus $0.28.