MKS Inc. Stock Price, News & Analysis

MKS Instruments (NASDAQ: MKSI) announced executive changes in advance of the anticipated acquisition of Atotech (NYSE: ATC) set for Q4 2021. Jim Schreiner will become the SVP and COO of the Atotech division, focusing on growth and integration post-acquisition. Dave Henry is named SVP of Operations and Corporate Marketing, overseeing MKS's legacy operations. Additionally, Geoff Wild, CEO of Atotech, will join the MKS Board of Directors after the transaction. These appointments aim to strengthen MKS's leadership and operational capabilities during this significant transition.

MKS Instruments (NASDAQ: MKSI) will announce its third quarter 2021 financial results after market close on October 27, 2021. A conference call with management is scheduled for October 28, 2021, at 8:30 a.m. Eastern Time. Domestic participants can join by calling (877) 212-6076, while international callers can reach (707) 287-9331, using Conference ID 5784825. A live and archived webcast of the call will be accessible on MKS's website.

MKS Instruments, Inc. (NASDAQ: MKSI) has released its inaugural 2021 Corporate Social Responsibility (CSR) report, showcasing its commitment to environmental, social, and governance (ESG) initiatives. The report details various aspects, including a dedicated CSR management system, environmental metrics on greenhouse gas emissions, and efforts toward renewable energy.

Key highlights include diversity initiatives with pay equity for U.S. employees and community support initiatives related to COVID-19. The report aligns with the Sustainability Accounting Standards Board (SASB) and Task Force on Climate-related Financial Disclosures (TCFD) standards.

MKS Instruments, a leader in advanced manufacturing technologies, announced that Seth H. Bagshaw, CFO, will participate in upcoming virtual investor conferences. The conferences include Deutsche Bank’s Virtual Technology Conference on September 10, 2021, at 8:40 a.m. ET, and Citi’s Global Technology Virtual Conference on September 14, 2021, at 10:30 a.m. ET. Live webcasts of the sessions will be available on the company's Investor Relations website, with replays accessible for a limited time afterwards.

MKS Instruments (NASDAQ: MKSI) reported record revenue of $750 million, a 38% increase year-over-year, for Q2 2021. Non-GAAP net earnings hit $168 million, up 88%, while GAAP net income surged to $147 million, an increase of 99%. Operating cash flow reached $165 million, a 19% growth, and free cash flow increased by 26% to $149 million. The company anticipates Q3 revenue of approximately $720 million, despite facing supply constraints. MKS is also enhancing its position in the market with acquisitions, including Photon Control Inc. and Atotech Limited.

MKS Instruments (NASDAQ: MKSI) has announced a quarterly cash dividend of $0.22 per share, set to be paid on September 10, 2021, to shareholders recorded by August 30, 2021. Future dividends depend on the Board of Directors' discretion. The company specializes in technologies that enhance manufacturing productivity across various sectors, including semiconductor and life sciences.

MKS Instruments (NASDAQ: MKSI) confirmed a significant order for its ESI® Geode™ HDI via drilling system from TTM Technologies, a leader in HDI PCB manufacturing, for its facility in Guangzhou, China. Although financial details were not disclosed, this order aims to enhance TTM's manufacturing capabilities and technological advancements. MKS’s Geode technology is recognized for its efficiency in high-volume production of HDI PCBs, leveraging CO2 laser technology to improve throughput and precision in consumer electronics applications.

MKS Instruments (NASDAQ: MKSI) has finalized its acquisition of Photon Control Inc. (TSX: PHO), which enhances its technology solutions for the semiconductor market. This strategic move aims to bolster MKS's Surround the Chamber® portfolio by integrating optical sensors for temperature control essential for semiconductor wafer fabrication. MKS President and CEO John T.C. Lee highlighted the cultural alignment and shared vision between the two companies, anticipating the acquisition to amplify productivity and process performance.