MKS Q4 2019 Earnings Report

MKS Instruments' financial performance improved in Q4 2019, driven by strong growth in semiconductor revenue.

Key Takeaways

MKS Instruments reported Q4 2019 revenue of $500 million, an 8% increase year-over-year. GAAP net income was $43 million, or $0.77 per diluted share, while non-GAAP net earnings were $66 million, or $1.20 per diluted share. The company's performance was driven by a 22% sequential increase in Semiconductor Market revenue.

Quarterly revenue reached $500 million, reflecting an 8% sequential increase.

Semiconductor revenue experienced a substantial 22% sequential growth.

Non-GAAP net earnings amounted to $66 million, translating to $1.20 per diluted share.

GAAP net income stood at $43 million, equivalent to $0.77 per diluted share.

Total Revenue

$500M

Previous year: $461M

+8.5%

EPS

$1.2

Previous year: $1.54

-22.1%

Operating Margin

13.2%

Gross Profit

$216M

Previous year: $210M

+3.1%

Cash and Equivalents

$415M

Previous year: $644M

-35.7%

Free Cash Flow

$58.1M

Previous year: $109M

-46.9%

Total Assets

$3.42B

Previous year: $2.61B

+30.7%

MKS

MKS Revenue by Segment

Forward Guidance

The Company expects that revenue in the first quarter of 2020 could range from $495 to $545 million. At these volumes, GAAP net income could range from $0.82 to $1.18 per diluted share and non-GAAP net earnings could range from $1.14 to $1.49 per diluted share.

Positive Outlook

Revenue in the first quarter of 2020 could range from $495 to $545 million.
GAAP net income could range from $0.82 to $1.18 per diluted share.
Non-GAAP net earnings could range from $1.14 to $1.49 per diluted share.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

View MKS