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Ichor Holdings (ICHR)
NASDAQ:ICHR
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Earnings Data
Report Date
Feb 11, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.27Last Year’s EPS
-$0.06Same Quarter Last Year
Strong Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 04, 2024
|% Change Since: 9.80%
|Next Earnings Date:Feb 11, 2025
Earnings Call Sentiment|Positive
The earnings call conveyed a positive sentiment with strong revenue and operating income growth, improved gross margins, and significant progress in proprietary product development. While there were challenges such as foreign exchange losses and a slight shortfall in gross margin expectations, these were largely mitigated by strategic advancements and a positive outlook for the NAND market.Company Guidance
During Ichor's Q3 2024 earnings call, the company reported strong financial performance, with sales reaching $211 million, surpassing their forecast. The gross margin improved sequentially by 60 basis points to 13.6%, and the earnings per share (EPS) was reported at $0.12. Operating income grew by over 40%, supported by a 4% sequential revenue growth and a 30% gross margin flow-through from Q2. Looking ahead, Ichor projects that the second half of 2024 will be 7% to 10% stronger in revenue compared to the first half, with an anticipated 160% increase in operating income. For Q4, revenue is expected to be between $220 million and $235 million, with gross margins further improving to 14.5% to 15.5%, and EPS ranging from $0.21 to $0.33. The company is also making significant advancements in its proprietary product offerings, which are expected to contribute to future gross margin improvements and revenue growth.Revenue and Operating Income Growth
Q3 2024 sales reached $211 million, exceeding forecasts with a 4% sequential revenue growth and more than 40% operating income growth.
Gross Margin and EPS Improvement
Continued sequential improvement in gross margin, achieving nearly 30% margin flow-through from Q2, with EPS at $0.12.
Positive Outlook for Q4 2024
Q4 2024 revenue is expected to be between $220 million and $235 million, with anticipated gross margins improving to 14.5% to 15.5%.
Proprietary Product Progress
Significant progress in proprietary components including fittings, substrates, and valves, with new gas panels containing 80% proprietary content.
NAND Market Recovery
Positive indications of NAND market recovery in 2025, expected to drive demand for more advanced fluid delivery subsystems.
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ICHR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ICHR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 04, 2024 | $27.14 | $31.50 | +16.06% |
| Aug 06, 2024 | $28.06 | $28.99 | +3.31% |
| May 07, 2024 | $38.96 | $37.86 | -2.82% |
| Feb 06, 2024 | $37.67 | $38.90 | +3.27% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Ichor Holdings (ICHR) report earnings?
Ichor Holdings (ICHR) is schdueled to report earning on Feb 11, 2025, TBA Not Confirmed.
What is Ichor Holdings (ICHR) earnings time?
Ichor Holdings (ICHR) earnings time is at Feb 11, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ICHR EPS forecast?
ICHR EPS forecast for the fiscal quarter 2024 (Q4) is $0.27.
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