Last10K.com

Ichor Holdings, Ltd. (ICHR) SEC Filing 10-Q Quarterly report for the period ending Friday, March 27, 2020

SEC Filings

ICHR Quarterly Reports

Ichor Holdings, Ltd.

CIK: 1652535 Ticker: ICHR

Exhibit 99.1

Ichor Holdings, Ltd. Announces First Quarter 2020 Financial Results

FREMONT, Calif., May 4, 2020–Ichor Holdings, Ltd. (NASDAQ: ICHR), a leader in the design, engineering, and manufacturing of critical fluid delivery subsystems for semiconductor capital equipment, today announced first quarter 2020 financial results.

Highlights for the first quarter of 2020:

 

Revenues of $220 million, up 16% sequentially and 60% year-over-year, and our fourth consecutive quarter of revenue growth;

 

Net earnings of $0.15 per diluted share on a GAAP basis and $0.52 on a non-GAAP basis; and

 

Earnings per share increased over 100% compared to the first quarter of 2019.

“During this unprecedented and challenging time, our top priority is to ensure the health and safety of our workforce and their families, while continuing to deliver exceptional service to our customers,” said Jeff Andreson, chief executive officer of Ichor. “Since the global outbreak of the COVID‑19 pandemic, we have taken all appropriate actions to protect our people and to maintain business operations safely, while also supporting the strong levels of demand from our customers. Given the significant supply-chain disruptions taking place globally, our teams in multiple locations made an extraordinary effort to deliver our third-strongest revenue quarter in the company’s history, executing on a nearly 60% ramp in revenues in just three quarters.” Mr. Andreson concluded: “Our revenue growth performance over the last year is more than double the rate of growth in overall wafer fab equipment spending, as a direct result of our increased market share and growing footprint within our served markets. While our business will continue to be impacted in the short-term by the ongoing effects of COVID‑19, we are on solid financial footing, and we remain highly optimistic about the long-term prospects of the industry, the criticality of our solutions, and our ability to grow faster than our served markets across the cycles.”

 

 

Q1 2020

 

 

Q4 2019

 

 

Q1 2019

 

 

 

(dollars in thousands, except per share amounts)

 

U.S. GAAP Financial Results:

 

Net sales

 

$

220,028

 

 

$

189,355

 

 

$

137,831

 

Gross profit percent

 

 

13.1

%

 

 

13.7

%

 

 

14.7

%

Operating income percent

 

 

2.5

%

 

 

3.0

%

 

 

2.1

%

Net income

 

$

3,399

 

 

$

7,952

 

 

$

1,518

 

Diluted EPS

 

$

0.15

 

 

$

0.35

 

 

$

0.07

 

 

 

Q1 2020

 

 

Q4 2019

 

 

Q1 2019

 

 

 

(dollars in thousands, except per share amounts)

 

Non-GAAP Financial Results:

 

Net sales

 

$

220,028

 

 

$

189,355

 

 

$

137,831

 

Gross profit percent

 

 

13.8

%

 

 

13.8

%

 

 

14.9

%

Operating income percent

 

 

7.2

%

 

 

7.1

%

 

 

6.4

%

Net income

 

$

12,058

 

 

$

10,929

 

 

$

5,551

 

Diluted EPS

 

$

0.52

 

 

$

0.48

 

 

$

0.25

 

 

Page 1 of 11


The following information was filed by Ichor Holdings, Ltd. (ICHR) on Monday, May 4, 2020 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one quarter to another to evaluate Ichor Holdings, Ltd.'s financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Ichor Holdings, Ltd..

Continue

Assess how Ichor Holdings, Ltd.'s management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

Ichor Holdings, Ltd.'s Definitive Proxy Statement (Form DEF 14A) filed after their 2020 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

Continue

SEC Filing Tools

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Operations
Consolidated Statements Of Shareholders' Equity
Basis Of Presentation And Selected Significant Accounting Policies
Basis Of Presentation And Selected Significant Accounting Policies (Policies)
Basis Of Presentation And Selected Significant Accounting Policies - Additional Information (Details 1)
Basis Of Presentation And Selected Significant Accounting Policies - Additional Information (Details)
Earnings Per Share
Earnings Per Share (Tables)
Earnings Per Share - Additional Information (Details)
Earnings Per Share - Computation Of Basic And Diluted Earnings Per Share (Details)
Employee Benefit Programs
Employee Benefit Programs - Additional Information (Details)
Income Taxes
Income Taxes (Tables)
Income Taxes - Additional Information (Details)
Income Taxes - Schedule Of Income Taxes (Details)
Intangible Assets
Intangible Assets (Tables)
Intangible Assets - Schedule Of Definite-Lived Intangible Assets (Details)
Inventories
Inventories (Tables)
Inventories - Schedule Of Inventories (Details)
Leases
Leases (Tables)
Leases - Additional Information (Detail)
Leases - Components Of Lease Expense (Detail)
Leases - Future Minimum Lease Payments Under Non-Cancelable Leases (Detail)
Leases - Supplemental Cash Flow Information Related To Leases (Detail)
Long-Term Debt
Long-Term Debt (Tables)
Long-Term Debt - Additional Information (Details)
Long-Term Debt - Schedule Of Long-Term Debt (Details)
Property And Equipment
Property And Equipment (Tables)
Property And Equipment - Additional Information (Details)
Property And Equipment - Summary Of Property And Equipment (Details)
Segment Information
Segment Information (Tables)
Segment Information - Additional Information (Details)
Segment Information - Schedule Of Sales By Geographic Area (Details)
Share-Based Compensation
Share-Based Compensation (Tables)
Share-Based Compensation - Additional Information (Details)
Share-Based Compensation - Schedule Of Option Activity (Details)
Share-Based Compensation - Schedule Of Rsu Activity (Details)

Material Contracts, Statements, Certifications & more

Ichor Holdings, Ltd. provided additional information to their SEC Filing as exhibits

Ticker: ICHR
CIK: 1652535
Form Type: 10-Q Quarterly Report
Accession Number: 0001564590-20-021023
Submitted to the SEC: Tue May 05 2020 9:01:22 AM EST
Accepted by the SEC: Tue May 05 2020
Period: Friday, March 27, 2020
Industry: Semiconductors And Related Devices

External Resources:
Stock Quote
Social Media

Bookmark the Permalink:
https://last10k.com/sec-filings/ichr/0001564590-20-021023.htm