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MKS Instruments down ~3% post Q4 earnings

Published 01/30/2019, 08:14 AM
© Reuters.  MKS Instruments down ~3% post Q4 earnings
MKSI
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  • MKS Instruments 's CEO Gerald Colella says that despite semiconductor market headwinds in H2 FY18, the company is pleased with the Q4 results; sales declines 10% Y/Y to $461M.
  • Sales breakout: Vacuum and Analysis: $258M (down 10% Q/Q); Light and Motion: $203M (+1%).
  • Sales by customer type: Semiconductor: $235M (down 10% vs. 3Q 2018); Advanced Markets: $226M (flat).
  • Gross margin declines 100bps to 45.6%; adj. operating margin is down ~220bps to 23.7%; adj. EBITDA margin compresses ~165bps to 26.7%
  • The company expects Q1 FY19 sales to be ~$400M-$440M, as compared to consensus of $449M; non-GAAP EPS to be ~$0.95 - $1.18 vs. consensus of $1.51.
  • (NASDAQ:MKSI) slides 2.78% in pre-market
  • Previously: MKS Instruments beats by $0.03, beats on revenue (Jan. 29)
  • Now read: Ingersoll-Rand plc 2018 Q4 - Results - Earnings Call Slides


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