Quarterly revenue of $887 million, at the high end of guidance Quarterly GAAP net income of $23 million and net income per share of $0.33 Quarterly Adjusted EBITDA of $228 million and Non-GAAP net earnings per diluted share of $1.53, exceeding the high-end of guidance ANDOVER, Mass., Aug. 07, 2024 (GLOBE NEWSWIRE) -- MKS Instruments, Inc. (NASDAQ: MKSI), a global provider of enabling technologies that transform our world, today reported second quarter 2024 financial results. "Our continued execution, especi ...

For Immediate Release Chicago, IL – August 7, 2024 – Today, Zacks Equity Research discusses MKS Instruments (MKSI) and Veeco Instruments (VECO) . Industry: Electronics - Manufacturing Machinery Link to article: https://www.zacks.com/commentary/2317317/2-electronics-stocks-to-buy-from-a-prosperingindustry 2 Electronics Stocks to Buy From a Prospering Industry The Zacks Electronics - Manufacturing Machinery industry is suffering from challenging macroeconomic conditions globally. Softness in the 3D NAND end-m ...

It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both. Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. Zacks Premium also includes the Zacks Style Scores. What ar ...

MKS Instruments (MKSI) shares ended the last trading session 5.6% higher at $125.90. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 10.1% loss over the past four weeks. MKS Instruments is benefiting from strong portfolio and prudent cost control. It is gaining from the growing adoption of its solutions which are used in the majority of the steps needed to manufacture a semiconductor chip. This maker of analysis an ...

Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. But finding a great growth stock is not easy at all. That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss. However, the task of finding cutting-edge growth stocks is made easy with the hel ...

ESG Commitments and Progress - The company has committed to reducing its combined Scope 1 and 2 emissions by 42% by 2030 from its 2022 baseline, aligning with the Science Based Targets Initiative (SBTi) criteria [5] - The company is developing its consolidated Scope 3 emissions inventory with the goal of setting SBTi-aligned Scope 3 emissions targets, which will be submitted to SBTi for validation [5] - The company has expanded its sustainable product portfolio with innovative solutions and established a dedicated team to quantify the carbon footprints of its products and processes [5] Employee Engagement and Recognition - The company conducted its third annual global employee engagement survey, which included participation from Atotech employees post-acquisition [5] - The company launched its inaugural Employee Resource Group, Women@MKS, highlighting its focus on employee experience [5] - The company received external recognition for its sustainability efforts and responsible business practices from MSCI, Sustainalytics, and Newsweek and Statista [5] Business Overview and Technology Solutions - The company provides foundational technology solutions to leading-edge semiconductor manufacturing, electronics and packaging, and specialty industrial applications [6] - The company's solutions improve process performance, optimize productivity, and enable unique innovations for many of the world's leading technology and industrial companies [6] - The company's solutions address challenges in advanced device manufacturing, such as miniaturization and complexity, by enabling increased power, speed, feature enhancement, and optimized connectivity [6] Reporting and Disclosures - The company's ESG Report includes relevant disclosures related to the Sustainability Accounting Standards Board (SASB) and the Task Force on Climate-related Financial Disclosures (TCFD) standards [7]

ANDOVER, Mass., July 29, 2024 (GLOBE NEWSWIRE) -- MKS Instruments, Inc. (NASDAQ: MKSI) (MKS), a global provider of enabling technologies that transform our world, today released its 2024 Environmental, Social, Governance (ESG) Report, which highlights MKS' continued commitment to ESG issues. The report details the progress MKS has made toward the achievement of its key ESG objectives. Highlights include: The Report is available to view here and includes relevant disclosures related to The Sustainability Acc ...

When looking at the last two reports, this maker of analysis and processing equipment for semiconductor companies has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 44.40%, on average, in the last two quarters. Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks tha ...

Core Viewpoint - MKS Instruments, Inc. successfully completed the repricing of its secured tranche B term loans, resulting in reduced interest rates and significant cash interest savings [1][2][3]. Group 1: Loan Repricing Details - The company repriced $2.6 billion and €0.8 billion secured tranche B term loans maturing in 2029, lowering the interest rate for USD loans from SOFR plus 250 basis points to SOFR plus 225 basis points, and for EUR loans from EURIBOR plus 300 basis points to EURIBOR plus 275 basis points [1]. - A voluntary prepayment of $110 million was made on the secured tranche B term loans, consisting of $69 million for the USD Term Loan B and €38 million for the EUR Term Loan B [2]. Group 2: Financial Impact - The combined actions of repricing and prepayment are expected to yield annualized cash interest savings of approximately $17 million based on current interest rates [2]. Group 3: Company Strategy and Leadership - The actions taken are in line with the company's strategy to proactively seek opportunities to reduce costs and maximize free cash flow for debt repayment, as stated by the President and CEO, John T.C. Lee [3]. Group 4: Financial Institutions Involved - JPMorgan Chase, Barclays, BofA Securities, Citibank, N.A., HSBC Securities (USA) Inc., Mizuho, Morgan Stanley Senior Funding, Inc., and PNC Capital Markets LLC acted as joint lead arrangers and joint bookrunners for the tranche B term loan repricing [4]. Group 5: Company Overview - MKS Instruments provides enabling technologies for semiconductor manufacturing, electronics, and specialty industrial applications, focusing on improving process performance and productivity [5].

Core Insights - The article discusses the Zacks Style Scores, which are designed to help investors identify stocks with the best chances of outperforming the market over the next 30 days [2][3]. Zacks Style Scores Overview - The Style Scores are categorized into four types: Value Score, Growth Score, Momentum Score, and VGM Score, each focusing on different investment strategies [4][10]. - Each stock is rated from A to F based on value, growth, and momentum qualities, with A being the highest rating [7]. Value Score - The Value Style Score identifies attractive and discounted stocks using ratios such as P/E, PEG, Price/Sales, and Price/Cash Flow [5]. Growth Score - The Growth Style Score evaluates a company's future prospects by analyzing projected and historical earnings, sales, and cash flow [8]. Momentum Score - The Momentum Style Score focuses on trends in stock price and earnings outlook, helping investors identify optimal times to build positions [9]. VGM Score - The VGM Score combines all three Style Scores, providing a comprehensive indicator for investors who utilize multiple investment strategies [10]. Zacks Rank Integration - The Zacks Rank, which is based on earnings estimate revisions, is highly successful, with 1 (Strong Buy) stocks yielding an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [12]. - To maximize returns, investors should consider stocks with a Zacks Rank of 1 or 2 that also have Style Scores of A or B [13]. Company Spotlight: MKS Instruments (MKSI) - MKS Instruments is a global provider of instruments and solutions for advanced manufacturing processes [16]. - MKSI holds a Zacks Rank of 3 (Hold) and has a VGM Score of A, indicating strong growth potential [17]. - The company is forecasted to achieve year-over-year earnings growth of 12.4% for the current fiscal year, with an upward revision in earnings estimates [17].