EXHIBIT 99.1

 

MKS Instruments Reports Third Quarter 2018 Financial Results

 

Andover, MA, October 23, 2018 -- MKS Instruments, Inc. (NASDAQ: MKSI), a global provider of technologies that enable advanced processes and improve productivity, today reported third quarter 2018 financial results.

 

Quarterly Financial Results

 

 

 

 

 

 

 

 

(in millions, except per share data)

 

 

 

 

 

 

 

 

 

 

Q3 2018

 

 

Q2 2018

 

GAAP Results

 

 

 

 

 

 

 

 

Net revenues

 

$

487

 

 

$

573

 

Gross margin

 

 

47.6

%

 

 

48.0

%

Operating margin

 

 

24.0

%

 

 

26.4

%

Net income

 

$

93

 

 

$

123

 

Diluted EPS

 

$

1.70

 

 

$

2.22

 

Non-GAAP Results

 

 

 

 

 

 

 

 

Gross margin

 

 

47.6

%

 

 

48.0

%

Operating margin

 

 

26.5

%

 

 

28.3

%

Net earnings

 

$

103

 

 

$

129

 

Diluted EPS

 

$

1.88

 

 

$

2.33

 

 

Third Quarter 2018 Financial Results

Revenue was $487 million, a decrease of 15% from a record of $573 million in the second quarter of 2018 and an increase of $1 million from $486 million in the third quarter of 2017.

Net income was $93 million, or $1.70 per diluted share, compared to net income of $123 million, or $2.22 per diluted share, in the second quarter of 2018, and $76 million, or $1.38 per diluted share, in the third quarter of 2017.

Non-GAAP net earnings, which exclude special charges and credits, were $103 million, or $1.88 per diluted share, compared to $129 million, or $2.33 per diluted share, in the second quarter of 2018, and $86 million, or $1.56 per diluted share, in the third quarter of 2017.

Sales in the Vacuum and Analysis Division were $286 million, a decrease of 7% from the third quarter a year ago, primarily due to moderation in semiconductor capital equipment spending. Sales in the Light and Motion Division were $201 million, an increase of 13% from the prior year period.

Sales to semiconductor customers were $259 million, a decrease of 8% compared to the third quarter of 2017, and sales to Advanced Markets were $228 million, an increase of 11% compared to the third quarter of 2017.

“Despite the recent moderation in the semiconductor market, we are pleased with our strong financial results for the third quarter, reflecting our ability to manage through these cycles,” said Gerald Colella, Chief Executive Officer.  “Although we foresee the semiconductor market will continue to face headwinds in the near term, exiting the third quarter we have seen that our semiconductor business has been more steady and consistent.  We


The following information was filed by Mks Instruments Inc (MKSI) on Tuesday, October 23, 2018 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.

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