First Quarter 2025 Financial Results MKS Instruments, Inc. May 8, 2025 Safe Harbor for Forward-Looking Statements This presentation contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 regarding the future financial performance, business prospects and growth of MKS Instruments, Inc. ("MKS," the "Company," "our," or "we"). These statements are only pred ...

For the quarter ended March 2025, MKS Instruments (MKSI) reported revenue of $936 million, up 7.8% over the same period last year. EPS came in at $1.71, compared to $1.18 in the year-ago quarter.The reported revenue represents a surprise of +0.27% over the Zacks Consensus Estimate of $933.5 million. With the consensus EPS estimate being $1.42, the EPS surprise was +20.42%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine th ...

MKS Instruments (MKSI) came out with quarterly earnings of $1.71 per share, beating the Zacks Consensus Estimate of $1.42 per share. This compares to earnings of $1.18 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 20.42%. A quarter ago, it was expected that this maker of analysis and processing equipment for semiconductor companies would post earnings of $1.92 per share when it actually produced earnings of $2.15, delivering ...

EXHIBIT 99.1 MKS Instruments Reports First Quarter 2025 Financial Results Andover, MA, May 7, 2025 -- MKS Instruments, Inc. (NASDAQ: MKSI), a global provider of enabling technologies that transform our world, today reported first quarter 2025 financial results. "We maintained our recent momentum in the first quarter with solid revenue performance that was at the high end of our guidance, led by strong year-over-year growth in both our Semiconductor and Electronics & Packaging end markets," said John T.C. Le ...

Quarterly revenue of $936 million, at the high end of guidance Quarterly GAAP net income of $52 million and net income per diluted share of $0.77, each above the midpoint of guidanceQuarterly Adjusted EBITDA of $236 million, at the high end of guidance, and Non-GAAP net earnings per diluted share of $1.71, above the high end of guidance ANDOVER, Mass., May 07, 2025 (GLOBE NEWSWIRE) -- MKS Instruments, Inc. (NASDAQ: MKSI), a global provider of enabling technologies that transform our world, today reported fi ...

ANDOVER, Mass., May 07, 2025 (GLOBE NEWSWIRE) -- MKS Instruments. Inc. (NASDAQ: MKSI) ("MKS"), a global provider of enabling technologies that transform our world, announced today the groundbreaking of its cutting-edge Atotech chemical manufacturing and TechCenter facility at the Asia Industrial Estate Suvarnabhumi, located east of Bangkok, Thailand. This strategic investment aligns with MKS' commitment to grow alongside its customers and deliver localized expertise to accelerate technological advancements ...

MKS Instruments enables technologies that transform our world. We deliver foundational technology solutions to leading edge semiconductor manufacturing, electronics and packaging, and specialty industrial applications. We apply our broad science and engineering capabilities to create instruments, subsystems, systems, process control solutions and specialty chemicals technology that improve process performance, optimize productivity and enable unique innovations for many of the world's leading technology and ...

Core Viewpoint - MKS Instruments, Inc. will release its first quarter 2025 financial results on May 7, 2025, after market close [1] Group 1: Financial Results Announcement - The financial results for the first quarter of 2025 will be disclosed after market close on May 7, 2025 [1] - A conference call with management is scheduled for May 8, 2025, at 8:30 a.m. Eastern Time [2] - Participants are encouraged to register at least 15 minutes prior to the call [2] Group 2: Company Overview - MKS Instruments provides enabling technologies that transform various industries, focusing on semiconductor manufacturing, electronics, and specialty industrial applications [3] - The company develops instruments, subsystems, systems, process control solutions, and specialty chemicals technology to enhance process performance and productivity [3] - MKS Instruments addresses challenges in advanced device manufacturing, including miniaturization and complexity, by improving power, speed, feature enhancement, and connectivity [3]

Core Insights - MKS Instruments, Inc. will participate in a fireside chat at the Cantor Fitzgerald Global Technology Conference on March 11, 2025 [1] - The session will be available via live webcast and a replay will be accessible for a limited time [2] Company Overview - MKS Instruments provides enabling technologies that transform various industries, focusing on semiconductor manufacturing, electronics, and specialty industrial applications [3] - The company develops instruments, subsystems, systems, process control solutions, and specialty chemicals technology to enhance process performance and productivity [3] - MKS Instruments addresses challenges in advanced device manufacturing, including miniaturization and complexity, by improving power, speed, feature enhancement, and connectivity [3]

Revenue Performance - Total net revenues for 2024 were $3,586 million, a decrease of 1% compared to $3,622 million in 2023[243]. - Semiconductor market revenues increased by $19 million, or 1%, in 2024, accounting for 42% of total net revenues[246][247]. - Revenues from the electronics and packaging market rose by $6 million, or 1%, in 2024, representing 26% of total net revenues[249][250]. - Specialty industrial market revenues decreased by $61 million, or 5%, in 2024, making up 32% of total net revenues[255]. - Approximately 78% of total net revenues in 2024 came from international markets, up from 75% in 2023[257]. - The Vacuum Solutions Division reported net revenues of $1.384 billion in 2024, a decrease of $56 million compared to 2023[295]. - Product revenues decreased by $76 million to $3.124 billion in 2024, primarily due to lower sales in the specialty industrial market and electronics and packaging market[293]. - Service revenues increased by $40 million to $462 million in 2024, driven by growth in the semiconductor market[294]. Profitability and Expenses - Gross profit as a percentage of net revenues improved to 47.6% in 2024, up from 45.3% in 2023, reflecting a favorable product mix and higher factory utilization[298]. - Research and development expenses decreased by $17 million to $271 million in 2024, mainly due to lower compensation-related costs[302]. - Selling, general and administrative expenses slightly decreased by $1 million to $674 million in 2024, primarily due to reduced compensation-related costs[306]. - Acquisition and integration costs related to the Atotech acquisition were $9 million in 2024, down from $16 million in 2023[307]. - Amortization of intangible assets decreased by $50 million to $245 million in 2024, primarily due to the full amortization of backlog-related intangible assets[311]. - Goodwill and intangible asset impairments were $0 in 2024, a significant decrease from $1.902 billion in 2023[312]. Impairments and Inventory Management - A non-cash goodwill impairment of $826 million for the Electronics reporting unit, $428 million for the General Metal Finishing unit, and $372 million for the Equipment Solutions Business was recorded due to softer industry demand[283]. - As of October 31, 2023, additional non-cash goodwill impairment charges of $48 million and $13 million were recorded at the Electronics and Equipment Solutions Business reporting units, respectively[284]. - Excess and obsolete inventory expense was $56 million, $64 million, and $21 million for 2024, 2023, and 2022, respectively, with the increase in 2023 attributed to a product line discontinuation[269]. - The company regularly reviews inventory quantities and adjusts provisions for excess and obsolete inventory based on demand forecasts[268]. Cash Flow and Debt Management - Net cash provided by operating activities was $528 million for 2024, resulting from a net income of $190 million and non-cash charges of $334 million[334]. - Total cash and cash equivalents decreased from $875 million in 2023 to $714 million in 2024, with $268 million held in the U.S. and $446 million by foreign subsidiaries[331][332]. - The company paid cash dividends of $59 million in 2024, maintaining a dividend of $0.88 per share, consistent with 2023[339]. - As of December 31, 2024, the principal outstanding on the Term Loan Facility was $3.2 billion, with a weighted average interest rate of 6.4%[345]. - The company refinanced its existing USD Tranche B loan and Euro Tranche B loan with a new $2.5 billion USD Tranche B loan and a new €596 million Euro Tranche B loan[352]. - The applicable margin for the USD Tranche B was decreased from 2.25% to 2.00% for Term SOFR borrowings, and from 1.25% to 1.00% for base rate borrowings[352]. - The company recorded a $38 million loss on extinguishment of debt due to the repayment of borrowings[355]. Tax and Regulatory Matters - The effective tax rate for 2024 was (5.7)%, lower than the U.S. statutory tax rate, mainly due to deductions for foreign derived intangible income[324]. - The company anticipates recognizing approximately $3 million of previously unrecognized tax benefits over the next 12 months, primarily due to the expiration of statutes of limitations[327]. - The new accounting standard for income tax disclosures will be effective for annual periods beginning after December 15, 2024[378]. - The company is evaluating the impact of new expense disaggregation disclosures effective after December 15, 2026, but it will not affect consolidated financial statements[380]. Risk Management - The company uses derivative instruments for risk management, including foreign exchange forward contracts and interest rate swaps, to mitigate market risks[288]. - The fair value of stock-based compensation awards is estimated using various models, including the Black-Scholes model for Employee Stock Purchase Plan shares[274]. - Warranty costs are estimated based on historical repair costs and specific product issues, with obligations included in current and long-term liabilities[270]. - The company performs annual goodwill impairment tests, with qualitative assessments determining if further quantitative assessments are necessary[280]. - The company maintains a portion of cash equivalents in money market funds to minimize interest rate risk exposure[386]. - The company uses interest rate swap agreements to manage exposure to fluctuations in interest rates associated with the Term Loan Facility[387]. Market Conditions - The semiconductor capital equipment industry faces significant trade restrictions, particularly in China, impacting future demand[245]. - The company supports over 85% of the wafer fabrication equipment market, emphasizing its critical role in semiconductor manufacturing[244]. - The company expects international net revenues to continue to represent a significant percentage of total revenues in the foreseeable future[257].