Axcelis(ACLS) - 2024 Q3 - Quarterly Results

Revenue and Profit - Revenue for Q3 2024 was $256.6 million, with a gross margin of 42.9$46.9 million[1] - Net income for Q3 2024 was $48.6 million, or$1.49 per diluted share[1] - Axcelis expects Q4 2024 revenue of approximately $245 million and diluted earnings per share of$1.25[3] - Total revenue for the nine months ended September 30, 2024 was $765.4 million, compared to$820.3 million for the same period in 2023[10] - Gross profit for the nine months ended September 30, 2024 was $338.4 million, down from$353.4 million in the same period of 2023[10] - Net income for the nine months ended September 30, 2024 was $151.0 million, compared to$175.2 million in the same period of 2023[10] Backlog - Corrected backlog as of September 30, 2024 was $758 million, down from$879 million as of June 30, 2024[4] Financial Position - Cash and cash equivalents as of September 30, 2024 were $120.1 million, down from$167.3 million as of December 31, 2023[11] - Total assets as of September 30, 2024 were $1.34 billion, up from$1.28 billion as of December 31, 2023[11] - Stockholders' equity as of September 30, 2024 was $975.6 million, up from$864.9 million as of December 31, 2023[11]