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MKS Instruments Reports Q1 2024 Financial Results
May 9, 2024 | MKS Instruments, Inc.Estimated reading time: 1 minute
MKS Instruments, Inc., a global provider of enabling technologies that transform our world, reported first quarter 2024 financial results.
“MKS delivered strong results in the first quarter despite a soft end-market demand environment,” said John T.C. Lee, President and Chief Executive Officer. “With markets expected to improve later this year, we are in an outstanding position with critical technologies and deep customer relationships to address the intensifying challenges in the design and manufacturing of advanced electronic devices. From the semiconductor, to the package substrate, and printed circuit board – we are foundational.”
Mr. Lee added, “The value of our product portfolio is evident in the strong gross margins we again reported in the first quarter. We are delivering profitability through the value of our differentiated products and technologies, prudent management of our expenses and targeted investments for the long-term. In addition, we remain committed to reducing our debt levels, and I’m pleased that we made another $50 million voluntary debt prepayment in April.”
Second Quarter 2024 Outlook
For the second quarter of 2024, the Company expects revenue of $860 million, plus or minus $40 million, Adjusted EBITDA of $197 million, plus or minus $23 million, and Non-GAAP net earnings per diluted share of $0.93, plus or minus $0.26.
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Looking For That Perfect Job? Check Out jobCONNECT007
07/25/2024 | I-Connect007 Editorial TeamThere are a lot of open positions in this industry today. But where do you begin to look? We have the answer: jobCONNECT007, your guide to career opportunities in the electronic industry. In jobCONNECT007, you’ll find job openings that span the entire circuit board supply chain. Whether you’re involved in design, fabrication, assembly, test, or material development or distribution, this handy resource can help you get on your way to a new gig.
Boeing Provides Digital Flight Operations Solution for Ryanair
07/25/2024 | BoeingBoeing and Ryanair, Europe's largest airline group, are elevating efficiency across Ryanair's fleet of primarily 737s with the addition of Boeing's Jeppesen FliteDeck Pro 5.0 electronic flight bag (EFB) solution.
Cicor Group Grows Significantly and Shows Robust Operational Performance in a Challenging Environment
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