MKS Instruments(US:MKSI)2021-05-04 16:27Q1 2021 Financial Performance - Net Revenue increased by 25% to $353 million, with organic growth of 17%[10] - Adjusted EBITDA increased by 32% to $110 million, driven by strong organic volume[7, 10] - Adjusted EBITDA margin increased by 150 basis points to 312%[9, 13] Segment Performance - Electronics net revenue increased by 31% to $226 million, with organic growth of 21%[10, 16] - Electronics chemistry organic growth was 15%, driven by strong demand for IC substrates and semiconductor packaging[7, 19] - GMF (General Metal Finishing) net revenue increased by 15% to $128 million, with organic growth of 9%[10, 23] - GMF chemistry organic growth was 11%, led by recovery in global auto and broader industrial markets[7, 26] Liquidity and Capital Structure - Net leverage at 37x at quarter-end, supported by solid adjusted EBITDA[7, 27, 30] - Q1 adjusted free cash flow from operations was $32 million before debt service[7, 30] Full-Year 2021 Guidance - The company anticipates total revenue growth of 11-13% and adjusted EBITDA of $415 million - $435 million[35] - The company expects chemistry organic revenue growth of approximately 9%[35]