FREMONT, Calif.–(Company WIRE)–Jan 12, 2021–
Ichor Holdings, Ltd. (NASDAQ: ICHR), a leader in the structure, engineering, and producing of critical fluid delivery subsystems and elements for semiconductor cash products, nowadays declared preliminary results for the fourth quarter of 2020.
For the fourth quarter of 2020, Ichor expects to report:
- Earnings of close to $245 million, at the large close of the guidance assortment, and our 7 th consecutive quarter of sequential profits progress.
- Favourable funds flows from functions, with complete cash of close to $253 million at calendar year-stop 2020 and whole financial debt of somewhere around $202 million.
Total dollars at calendar year-conclusion 2020 also reflects close to $139 million in net proceeds received from the December 9, 2020 fairness featuring of 4.6 million shares (which includes the overallotment selection exercised in full on December 11, 2020). Excluding these proceeds, the internet raise in funds more than the third quarter was $35 million. For the initial quarter of 2021, Ichor expects continued sequential earnings growth in excess of the fourth quarter of 2020, with complete sales at this time expected to be in the variety of $240 to $260 million.
Fourth Quarter 2020 Earnings Conference Phone Details
Just following 1:00pm Pacific Time on February 2 nd, Ichor will issue its fourth quarter and comprehensive yr 2020 earnings push release. Ichor will carry out a conference phone to explore its fourth quarter 2020 effects and business outlook at 1:30pm Pacific Time that afternoon. The earnings press release and supplemental financial info will be readily available on Ichor’s trader web-site, ir.ichorsystems.com, after the market near on February 2 nd.
To hear to the reside webcast of the conference connect with, be sure to take a look at the trader relations section of Ichor’s site at ir.ichorsystems.com or go to the reside backlink at https://webcasts.eqs.com/ichorholdings20210202/en. Soon after the function, the on-need webcast will be obtainable at the exact same link. To pay attention to the meeting phone reside by using telephone, be sure to simply call (877) 407-0989 (domestic) or +1 (201) 389-0921 (intercontinental), and reference conference selection 13714461.
We are a chief in the style, engineering, and production of significant fluid shipping and delivery subsystems and parts for semiconductor capital devices. Our products choices involve fuel and chemical supply subsystems, collectively known as fluid shipping subsystems, which are critical features of the course of action resources used in the production of semiconductor units. Our gasoline shipping and delivery subsystems supply, observe, and handle specific quantities of the specialized gases utilized in semiconductor manufacturing processes these as etch and deposition. Our chemical shipping subsystems precisely blend and dispense the reactive liquid chemistries applied in semiconductor manufacturing procedures these as chemical-mechanical planarization, electroplating, and cleaning. We also manufacture precision-machined elements, weldments, and proprietary goods for use in fluid shipping techniques for immediate profits to our buyers, as nicely as specified components for inside use in fluid shipping devices and for immediate product sales to our consumers. This vertically-built-in part of our business enterprise is primarily targeted on metal and plastic components that are employed in gas and chemical units, respectively. We are headquartered in Fremont, CA.
Protected Harbor Assertion
This push release incorporates forward-seeking statements built pursuant to the protected harbor provisions of the Non-public Securities Litigation Reform Act of 1995. Ahead-wanting statements are information of a non-historic mother nature and contain statements relating to the completion, timing, size and use of proceeds of the community presenting that entail pitfalls and uncertainties, together with, with out limitation, dangers and uncertainties linked to current market ailments and the pleasure of closing circumstances associated to the public featuring. These forward-hunting statements are topic to dangers and uncertainties that are over and above the Company’s capacity to management. For a more description of the hazards and uncertainties that could lead to actual final results to differ from individuals expressed in these ahead-searching statements, as properly as dangers relating to the Company’s small business in general, remember to refer to the Company’s Annual Report on Sort 10-K for the 12 months ended December 27, 2019 and Quarterly Studies on Form 10-Q for the quarterly intervals finished March 27, 2020 and June 26, 2020, collectively with all of the other information contained in the prospectus complement filed with the SEC on December 11, 2020. The Business cautions shareholders and future buyers that actual effects might vary materially from those indicated by the ahead-looking statements. Any forward-searching statements contained in this push launch talk only as of the date hereof, and the Corporation specially disclaims any obligation to update any ahead-wanting assertion, whether or not as a end result of new info, potential situations or if not.
Source: Ichor Holdings, Ltd.
Perspective resource model on businesswire.com:https://www.businesswire.com/news/home/20210112005311/en/
Speak to: Ichor Holdings, Ltd.
Larry Sparks, CFO 510-897-5200
Claire McAdams, IR & Strategic Initiatives 530-265-9899
Key phrase: UNITED STATES NORTH The usa CALIFORNIA
Industry Key word: SEMICONDUCTOR Producing OTHER Manufacturing Know-how ENGINEERING
Resource: Ichor Holdings, Ltd.
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PUB: 01/12/2021 09:00 AM/DISC: 01/12/2021 09:01 AM