Ichor Holdings, Ltd. reports developments tied to its design, engineering, and manufacturing of critical fluid delivery subsystems and components for semiconductor capital equipment. Its news commonly covers gas and chemical delivery subsystems used in semiconductor processes such as etch, deposition, chemical-mechanical planarization, electroplating, and cleaning, along with precision-machined components, weldments, brazing, surface treatment technologies, and related products.
Company updates also address quarterly and annual financial results, preliminary operating outlooks, customer demand trends in wafer fabrication equipment, gross margin and earnings commentary, management presentations, and investor conference participation. Ichor also describes applications beyond semiconductor capital equipment, including defense/aerospace and medical markets.
Ichor Holdings, Ltd. (NASDAQ: ICHR) announced a priced underwritten public offering of 4,000,000 ordinary shares at $31.75 each, with an additional option for underwriters to purchase 600,000 more shares. The offering, upsized from 3,500,000 shares, aims to raise funds for general corporate purposes, including capital expenditures and potential acquisitions. The transaction is set to close on December 14, 2020, subject to customary conditions. Stifel and Cowen are leading the offering, which follows an effective shelf registration statement filed with the SEC.
Ichor Holdings, Ltd. (NASDAQ: ICHR) announced an underwritten public offering of 3,500,000 ordinary shares, with an option for underwriters to purchase an additional 525,000 shares. The net proceeds will be used for general corporate purposes including potential acquisitions and growth opportunities. Stifel and Cowen are the joint book-running managers for this offering, which follows an effective registration statement filed with the SEC in 2020. A prospectus supplement detailing the offering will be available on the SEC’s website.
Ichor Holdings, Ltd. (NASDAQ: ICHR) has successfully acquired the Nogales, Mexico division of CR Machine, a strategic move aimed at enhancing its semiconductor component capabilities. The acquisition closed on December 1st and was financed using cash reserves. The Mexico division, generating under $10 million in year-to-date revenues, specializes in precision-machined components crucial for the semiconductor market. CEO Jeff Andreson highlighted the acquisition's alignment with Ichor's goal of expanding its market presence and product offerings.
Ichor Holdings, Ltd. (NASDAQ: ICHR) reported strong third-quarter 2020 results, with revenues of $228 million, a 47% increase year-over-year, marking six consecutive quarters of growth.
Net earnings reached $10.5 million or $0.45 per diluted share (GAAP), while non-GAAP earnings were $14.6 million or $0.62 per diluted share. The company expects fourth-quarter revenue of $220-$245 million and GAAP EPS between $0.38-$0.59.
Ichor Holdings, Ltd. (NASDAQ: ICHR) will announce its third quarter 2020 earnings on November 2, 2020, at 1:00 PM PT. The results will be followed by a conference call at 1:30 PM PT to discuss performance and future outlook. The earnings press release and financial information will be available on Ichor's investor website post-market close. Ichor specializes in the design and manufacturing of critical fluid delivery subsystems for semiconductor capital equipment, providing essential components for gas and chemical processes in semiconductor manufacturing.