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Sep 30, 2024

MKS Q3 2024 Earnings Report

MKS delivered a strong third quarter with all key financial metrics at or above the high end of guidance ranges.

Key Takeaways

MKS Instruments reported strong third quarter results with revenue of $896 million, GAAP net income of $62 million, and Adjusted EBITDA of $232 million, exceeding the high-end of guidance.

Quarterly revenue of $896 million, at the high end of guidance

Quarterly GAAP net income of $62 million and net income per share of $0.92

Quarterly Adjusted EBITDA of $232 million, exceeding the high-end of guidance

Voluntary principal prepayment of $216 million in October

Total Revenue
$896M
Previous year: $932M
-3.9%
EPS
$1.72
Previous year: $1.46
+17.8%
Operating Margin
14.3%
Previous year: 12.6%
+13.5%
Gross Profit
$432M
Previous year: $426M
+1.4%
Cash and Equivalents
$861M
Previous year: $859M
+0.2%
Free Cash Flow
$174M
Previous year: $142M
+22.5%
Total Assets
$9.02B
Previous year: $9.14B
-1.3%

MKS

MKS

MKS Revenue by Segment

Forward Guidance

For the fourth quarter of 2024, the Company expects revenue of $910 million, plus or minus $40 million, Adjusted EBITDA of $226 million, plus or minus $23 million, and Non-GAAP net earnings per diluted share of $1.95, plus or minus $0.32.