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Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, no par value MKSI Nasdaq Global Select Market UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-Q (MARK ONE) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission fi ...

MKS Instruments, Inc. (NASDAQ:MKSI) Q3 2024 Earnings Conference Call November 7, 2024 8:30 AM ET Company Participants Paretosh Misra - Vice President of Investor Relations John Lee - President and Chief Executive Officer Michelle McCarthy - Vice President and Chief Accounting Officer Ram Mayampurath - Executive Vice President, Chief Financial Officer and Treasurer Conference Call Participants Matthew Prisco - Cantor Steve Barger - KBCM Chris Grenga - Needham & Company Krish Sankar - TD Cowen Joe Quatrochi - ...

MKS Instruments (MKSI) reported adjusted earnings of $1.72 per share in third-quarter 2024, up from the year-ago quarter’s earnings of $1.46 per share. The figure beat the Zacks Consensus Estimate by 21.13%.Revenues of $896 million beat the consensus mark by 2.62% but declined 3.9% year over year.Products revenues (86% of total revenues) were $776 million, down 5.1% year over year. The figure beat the Zacks Consensus Estimate by 1.78%.Services revenues (13.4% of total revenues) increased 5.3% year over year ...

| --- | --- | --- | --- | --- | |---------------------------------------|-------|-------|-------|-----------------------------------------| | | | | | | | | | | | | | | | | | | | Third Quarter 2024 Financial Results | | | | MKS Instruments, Inc. November 7, 2024 | | | | | | | 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 ...

MKS Instruments (MKSI) reported $896 million in revenue for the quarter ended September 2024, representing a year-over-year decline of 3.9%. EPS of $1.72 for the same period compares to $1.46 a year ago. The reported revenue represents a surprise of +2.62% over the Zacks Consensus Estimate of $873.1 million. With the consensus EPS estimate being $1.42, the EPS surprise was +21.13%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wal ...

MKS Instruments (MKSI) came out with quarterly earnings of $1.72 per share, beating the Zacks Consensus Estimate of $1.42 per share. This compares to earnings of $1.46 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 21.13%. A quarter ago, it was expected that this maker of analysis and processing equipment for semiconductor companies would post earnings of $1.02 per share when it actually produced earnings of $1.53, delivering ...

Financial Performance - Quarterly revenue reached $896 million, at the high end of guidance[1] - GAAP net income was $62 million, with net income per share of $0.92[1] - Adjusted EBITDA for the quarter was $232 million, exceeding the high-end of guidance[1] - Total net revenues for Q3 2024 reached $896 million, a 1% increase from $887 million in Q2 2024, but a 4% decrease from $932 million in Q3 2023[11] - Net income for Q3 2024 was $62 million, compared to $23 million in Q2 2024 and a loss of $1,772 million in Q3 2023[11] - Net income for the three months ended September 30, 2024, was $62 million, compared to $39 million for the same period in 2023, representing a 59% increase[13] - Non-GAAP net earnings for the three months ended September 30, 2024, were $116 million, compared to $98 million in the same period last year, reflecting an 18.4% increase[14] - Adjusted EBITDA for the three months ended September 30, 2024, was $232 million, compared to $228 million for the same period last year, indicating a 1.8% increase[15] Cash and Liquidity - Cash and cash equivalents stood at $861 million as of September 30, 2024[8] - Cash and cash equivalents as of September 30, 2024, were $861 million, slightly down from $875 million at the end of 2023[12] - Net cash provided by operating activities was $163 million for the three months ended September 30, 2024, up from $122 million in the previous quarter, indicating a 33.6% increase[14] - Free cash flow for the three months ended September 30, 2024, was $141 million, compared to $96 million in the previous quarter, showing a 47% increase[14] - Total cash and cash equivalents at the end of the period were $861 million, compared to $859 million at the end of the previous quarter, indicating a slight increase[13] Expenses and Costs - Research and development expenses increased to $70 million in Q3 2024 from $66 million in Q2 2024, indicating continued investment in innovation[11] - Operating expenses for the three months ended September 30, 2024, were $304 million, up from $292 million for the same period last year, marking a 4.1% increase[15] - The company incurred $3 million in acquisition and integration costs during the three months ended September 30, 2024[14] - Acquisition and integration costs related to the Atotech acquisition amounted to $6 million[20] - Restructuring and other costs primarily due to severance from global cost-saving initiatives totaled $6 million[20] - A ransomware incident incurred costs of $14 million, primarily for third-party consulting and cybersecurity enhancements[21] Debt and Equity - The company made a voluntary principal prepayment of $216 million in October 2024[1] - Long-term debt increased to $4,758 million as of September 30, 2024, compared to $4,696 million at the end of 2023[12] - Total stockholders' equity decreased to $2,398 million as of September 30, 2024, from $2,472 million at the end of 2023[12] - The company recorded a loss on extinguishment of debt of $5 million for the three months ended September 30, 2024, down from $38 million in the previous quarter[14] - The company recorded a loss on extinguishment of debt of $52 million during the period[18] Profitability Metrics - Gross margin improved to 48.2% in Q3 2024, compared to 45.7% in Q3 2023[7] - Non-GAAP diluted earnings per share was $1.72, up from $1.46 in Q3 2023[7] - Non-GAAP gross margin improved to 48.2% for the three months ended September 30, 2024, compared to 47.3% for the same period in 2023[15] - Non-GAAP income from operations was $195 million for the three months ended September 30, 2024, compared to $192 million for the same period last year, reflecting a 1.6% increase[15] - The company reported a non-GAAP operating margin of 21.8% for the three months ended September 30, 2024, compared to 21.7% for the same period last year[15] Strategic Focus - The integration of Atotech Limited is a key strategic focus for future growth opportunities[9] - The company is focused on maintaining strong profit margins and generating healthy cash flow[1] Impairments and Adjustments - The company experienced a goodwill and intangible asset impairment of $1.827 billion in the previous year, which is a significant factor in the overall financial performance[14] - Goodwill and intangible asset impairments reached $1.827 billion, attributed to softer industry demand in the personal computer and smartphone markets[21] - Non-GAAP adjustments included a tax effect of $69 million, resulting in a difference between GAAP and Non-GAAP tax rates[18] - The effective tax rate for non-GAAP income was 15.1% for the nine months ended September 30, 2024, compared to 20.5% for the same period in 2023[16] - The company recorded an excess and obsolescence inventory charge of $13 million related to a discontinued product line[18] Future Outlook - For Q4 2024, the company expects revenue of $910 million, plus or minus $40 million[2]

Quarterly revenue of $896 million, at the high end of guidance Quarterly GAAP net income of $62 million and net income per share of $0.92Quarterly Adjusted EBITDA of $232 million and Non-GAAP net earnings per diluted share of $1.72, exceeding the high-end of guidance ANDOVER, Mass., Nov. 06, 2024 (GLOBE NEWSWIRE) -- MKS Instruments, Inc. (NASDAQ: MKSI), a global provider of enabling technologies that transform our world, today reported third quarter 2024 financial results. “MKS delivered a strong third quar ...

ANDOVER, Mass., United States and KUALA LUMPUR, Malaysia, Oct. 24, 2024 (GLOBE NEWSWIRE) -- MKS Instruments, Inc. (NASDAQ: MKSI), a global provider of technologies that transform the world, the Malaysian Investment Development Authority (MIDA) and InvestPenang today announced that MKS celebrated the groundbreaking ceremony of its super center factory in Penang, Malaysia to support the growing needs of semiconductor equipment for wafer fabrication in the region and globally. The state-of-the-art facility wil ...