MKS Inc. Stock Price, News & Analysis

MKS Instruments (NASDAQ: MKSI) has broken ground on a new super center factory in Penang, Malaysia. The state-of-the-art facility will span 500,000 square feet on a 17-acre plot and is expected to employ approximately 1,000 people. The factory, aimed at supporting growing semiconductor equipment needs for wafer fabrication, will be built in multiple phases with the first phase scheduled for completion in the first half of 2026. The expansion aligns with Malaysia's New Industrial Master Plan 2030 and follows the country's M&E sector growth, which saw 64 projects valued at RM2.8 billion approved in 1H2024.

MKS Instruments, Inc. (NASDAQ: MKSI), a global provider of enabling technologies, has announced its upcoming third quarter 2024 earnings conference call. The company will release its financial results after market close on Wednesday, November 6, 2024. A conference call with management is scheduled for Thursday, November 7, 2024, at 8:30 a.m. Eastern Time.

Interested parties can access a live and archived webcast of the call on the company's investor relations website. To participate via phone, individuals should register online to receive dial-in details. MKS encourages participants to register and dial in at least 15 minutes before the call's start time to ensure a timely connection.

MKS Instruments President and CEO John T.C. Lee will be honored as a Pinnacle Award winner at the 2024 Outstanding 50 Asian Americans in Business gala on September 18 in New York City. This prestigious award, given by the Asian American Business Development Center (AABDC), recognizes excellence in corporate professionals and entrepreneurs.

Dr. Lee will share the honor with Karthik Narain of Accenture. The AABDC praised MKS Instruments for its innovation and commitment to diverse teams. Dr. Lee expressed gratitude for the award, crediting the MKS team for keeping the company at the forefront of technology in crucial, fast-moving sectors.

MKS Instruments (NASDAQ: MKSI) is a global provider of technologies that transform various industries, specializing in semiconductors, photonics, and chemistries.

MKS Instruments, Inc. (NASDAQ: MKSI), a global provider of transformative technologies, has announced its participation in Citi's 2024 Global TMT Conference. The company's President and CEO, John T.C. Lee, will engage in a fireside chat on Wednesday, September 4, 2024, at 8:20 a.m. EDT.

Investors and interested parties can access a live webcast of the session through the Investor Relations section of MKS Instruments' website. The event will also be available for replay for a time after the conference. This participation underscores MKS Instruments' commitment to engaging with the investment community and sharing insights about its innovative technologies and market position.

MKS Instruments (NASDAQ: MKSI) has announced the appointment of Ram Mayampurath as Executive Vice President, Chief Financial Officer and Treasurer, effective October 14, 2024. Mayampurath, with over 25 years of experience in financial strategy and value creation, will join MKS from Rogers (NYSE: ROG), where he served as Senior Vice President, CFO, and Treasurer. He previously held positions at Rogers since 2014 and at Royal Philips Electronics from 2005 to 2014.

Mayampurath brings expertise in global finance, M&A, capital allocation strategy, revenue growth, and margin expansion. He is a chartered accountant with an MBA from Southern Illinois University and a Master's in Global Management from Thunderbird School of Global Management. John T.C. Lee, President and CEO of MKS, expressed pleasure in welcoming Mayampurath to the executive team.

MKS Instruments (NASDAQ: MKSI) reported strong Q2 2024 financial results, with revenue of $887 million at the high end of guidance. The company posted GAAP net income of $23 million and net income per share of $0.33. Adjusted EBITDA reached $228 million, while Non-GAAP net earnings per diluted share were $1.53, exceeding the high-end of guidance.

CEO John T.C. Lee highlighted the company's strong execution in Semiconductor and Electronics & Packaging markets, emphasizing MKS's role as a critical enabler in chipmaking and advanced electronics. For Q3 2024, MKS expects revenue of $870 million (±$40 million), Adjusted EBITDA of $206 million (±$23 million), and Non-GAAP net earnings per diluted share of $1.43 (±$0.28).

MKS Instruments, Inc. (NASDAQ: MKSI), a global provider of enabling technologies, has announced a quarterly cash dividend of $0.22 per share. The dividend will be payable on September 6, 2024, to shareholders of record as of August 26, 2024. This decision was authorized by the company's Board of Directors. MKS Instruments emphasizes that future dividend declarations, including record and payment dates, are subject to final determination by the Board. This announcement reflects the company's commitment to providing regular returns to its shareholders.

MKS Instruments (NASDAQ: MKSI) has released its 2024 Environmental, Social, Governance (ESG) Report, highlighting the company's progress and commitment to sustainability. Key points include:

• A target to reduce Scope 1 and 2 emissions by 42% by 2030 from the 2022 baseline
• Development of a consolidated Scope 3 emissions inventory
• Expansion of the sustainable product portfolio
• Establishment of a team to quantify carbon footprints of products and processes
• Focus on employee experience, including a global engagement survey and launch of the Women@MKS Employee Resource Group
• External recognition from MSCI, Sustainalytics, and Newsweek and Statista

The report includes disclosures related to SASB and TCFD standards.

MKS Instruments (NASDAQ: MKSI) has successfully completed the repricing of its $2.6 billion and €0.8 billion secured tranche B term loans maturing in 2029. The repricing reduces the interest rate for the USD tranche B term loans from SOFR plus 250 basis points to SOFR plus 225 basis points, and for the EUR tranche B term loans from EURIBOR plus 300 basis points to EURIBOR plus 275 basis points.

Additionally, MKS made a voluntary prepayment of $110 million on its secured tranche B term loans, consisting of $69 million to the USD Term Loan B and €38 million to the EUR Term Loan B. Based on current interest rates, these actions are expected to result in annualized cash interest savings of approximately $17 million.