Ichor Holdings
Description
Ichor Holdings, Ltd. engages in the design, engineering, and manufacture of fluid delivery subsystems and components for semiconductor capital equipment in the United States and internationally. It primarily offers gas and chemical delivery systems and subsystems that are used in the manufacturing of semiconductor devices. The company's gas delivery subsystems deliver, monitor, and control gases used in semiconductor manufacturing processes, such as etch and deposition; and chemical delivery subsystems blend and dispense the reactive liquid chemistries used in semiconductor manufacturing processes comprising chemical-mechanical planarization, electroplating, and cleaning. In addition, it manufactures precision machined components, weldments, electron beam, laser-welded components, precision vacuum and hydrogen brazing, surface treatment technologies, and other proprietary products. The company primarily markets its products to equipment OEMs in the semiconductor equipment market in Japan. Ichor Holdings, Ltd. was incorporated in 1999 and is headquartered in Fremont, California.
About
CEO
Mr. Jeffrey S. Andreson
Employees
1,690
Instrument type
Common Stock
Sector
Technology
Industry
Semiconductor Equipment & Materials
MIC code
XNGS
Address
3185 Laurelview Court, Fremont, CA 94538, United States
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Oscillators
No data available
Summary
No data available
Moving Averages
No data available
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Nov 3, 2025 | — | — | — | — |
| Aug 4, 2025 | — | — | — | — |
| May 5, 2025 | — | — | — | — |
| Feb 4, 2025 | 0.27 | — | — | — |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 7 | — | 7 |
| Average estimate | — | 0.24 | — | 1.28 |
| Low estimate | — | 0.20 | — | 1.14 |
| High estimate | — | 0.27 | — | 1.45 |
| Last year EPS | — | -0.09 | — | 0.20 |
[stock_revenue_estimate]
Growth estimates
Current qtr
285.720%
Next qtr. (Mar 2025)
366.670%
Current year
-51.700%
Next year (Dec 2025)
530.270%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 811.12M | 1.28B | 1.10B | 914.24M | 620.84M |
| Cost of revenue | 707.72M | 1.07B | 919.44M | 789.34M | 534.47M |
| Gross profit | 103.40M | 211.86M | 177.48M | 124.89M | 86.36M |
| Operating expense | |||||
| Research & development | 20.22M | 19.56M | 15.69M | 13.36M | 11.10M |
| Selling general and admin | 79.33M | 88.57M | 65.86M | 56.61M | 47.27M |
| Other operating expenses | — | — | — | — | — |
| Operating income | -10.90M | 85.82M | 81.01M | 41.55M | 14.98M |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | 19.38M | 11.06M | 6.45M | 8.73M | 10.65M |
| Other income expense | -804,000 | 563,000 | -807,000 | -534,000 | -55,000 |
| Pretax income | -31.08M | 75.33M | 73.76M | 32.29M | 4.28M |
| Tax provision | 11.91M | 2.53M | 2.86M | -988,000 | -6.45M |
| Net income | -42.99M | 72.80M | 70.90M | 33.28M | 10.73M |
| Basic EPS | -1.47 | 2.54 | 2.51 | 1.44 | 0.48 |
| Diluted EPS | -1.47 | 2.51 | 2.45 | 1.42 | 0.47 |
| Basic average shares | 29.20M | 28.71M | 28.26M | 23.17M | 22.42M |
| Diluted average shares | 29.20M | 28.71M | 28.26M | 23.17M | 22.42M |
| EBITDA | 22.88M | 121.49M | 106.20M | 65.26M | 36.79M |
| Net income from continuing op. | -42.99M | 72.80M | 70.90M | 33.28M | 10.73M |
| Minority interests | — | — | — | — | — |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 938.48M | 1.08B | 1.02B | 774.17M | 566.56M |
| Current assets | |||||
| Cash | — | — | — | 252.90M | 60.61M |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 79.96M | 86.47M | 75.50M | 252.90M | 60.61M |
| Other short term investments | — | — | — | — | — |
| Accounts receivable | 66.72M | 136.32M | 142.99M | 100.98M | 84.85M |
| Other receivables | — | — | — | — | — |
| Inventory | 245.89M | 283.66M | 236.13M | 134.76M | 127.04M |
| Prepaid assets | — | — | 8.15M | 7.08M | 4.45M |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | 8.80M | 7.01M | 8.15M | 7.08M | 4.45M |
| Non current assets | |||||
| Properties | 36.61M | 40.56M | 29.79M | 10.09M | 14.20M |
| Land and improvements | — | — | — | — | — |
| Machinery furniture equipment | 125.56M | 101.91M | 90.44M | 44.94M | 40.55M |
| Construction in progress | 4.22M | 19.87M | 8.57M | 5.48M | 3.76M |
| Leases | 46.13M | 43.13M | 36.71M | 29.62M | 27.84M |
| Accumulated depreciation | -83.15M | -66.85M | -50.50M | -38.23M | -27.60M |
| Goodwill | 728.09M | 742.83M | 761.73M | 389.62M | 398.05M |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 57.29M | 72.02M | 89.93M | 39.85M | 52.03M |
| Investments and advances | — | — | — | — | — |
| Other non current assets | 15.06M | 24.25M | 17.28M | 11.83M | 5.83M |
| Total liabilities | 373.80M | 496.25M | 520.16M | 362.48M | 345.14M |
| Current liabilities | |||||
| Accounts payable | 60.49M | 110.17M | 159.73M | 116.66M | 131.58M |
| Accrued expenses | 14.87M | 23.62M | 19.07M | 20.79M | 12.81M |
| Short term debt | 16.96M | 16.70M | 15.13M | 13.88M | 14.24M |
| Deferred revenue | — | — | — | — | — |
| Tax payable | — | — | — | — | — |
| Pensions | — | — | — | — | — |
| Other current liabilities | 6.64M | 15.82M | 14.38M | 10.70M | 5.23M |
| Non current liabilities | |||||
| Long term debt | 269.37M | 325.05M | 307.61M | 196.79M | 178.39M |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | 1.17M | 29,000 | 38,000 | 109,000 | 210,000 |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | 4.30M | 4.88M | 4.21M | 3.55M | 2.68M |
| Shareholders equity | |||||
| Common stock | 3,000 | 3,000 | 3,000 | 3,000 | 2,000 |
| Retained earnings | 204.67M | 247.66M | 174.85M | 103.95M | 70.67M |
| Other shareholders equity | — | — | — | — | — |
| Total shareholders equity | 564.68M | 587.50M | 500.72M | 411.69M | 221.42M |
| Additional paid in capital | 451.58M | 431.42M | 417.44M | 399.31M | 242.32M |
| Treasury stock | 91.58M | 91.58M | 91.58M | 91.58M | 91.58M |
| Minority interest | — | — | — | — | — |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | -42.99M | 72.80M | 70.90M | 33.28M | 10.73M | 57.88M | 56.45M | 16.66M | 5.63M | 6.17M |
| Depreciation | 34.58M | 35.10M | 25.99M | 24.25M | 21.87M | 23.06M | 12.51M | 9.50M | 9.94M | 9.63M |
| Deferred Taxes | 9.31M | -3.22M | -1.86M | -1.69M | -7.13M | -6.69M | -15.35M | -2.43M | -4.93M | -6.20M |
| Stock-Based Compensation | 17.34M | 13.92M | 11.47M | 9.88M | 8.54M | 7.58M | 2.23M | 3.22M | 1.12M | 1.01M |
| Other Non-Cash Items | 465,000 | 465,000 | 1.37M | 968,000 | 937,000 | 970,000 | 608,000 | 527,000 | 3.99M | 309,000 |
| Accounts Receivable | 69.60M | 6.67M | -33.45M | -16.13M | -44.56M | 10.43M | -1.06M | -9.01M | 6.33M | 959,000 |
| Accounts Payable | -50.97M | -50.18M | 38.65M | -14.51M | 67.97M | -62.17M | 22.61M | 36.76M | -1.68M | 8.75M |
| Other Assets & Liabilities | 19.86M | -52.28M | -92.07M | -7.01M | -10.48M | 33.62M | -43.20M | -29.96M | 2.26M | -12.71M |
| Operating Cash Flow | 57.19M | 23.30M | 20.99M | 29.04M | 47.87M | 64.68M | 34.81M | 25.27M | 22.67M | 7.92M |
| Investing Activities | ||||||||||
| Capital Expenditures | — | — | 504,000 | 739,000 | — | — | — | 243,000 | — | — |
| Net Intangibles | — | — | — | — | -8.15M | — | — | 230,000 | — | — |
| Net Acquisitions | — | 500,000 | -268.77M | -5.04M | — | -1.44M | -180.96M | -17.41M | — | — |
| Purchase of Investments | — | — | -115.20M | — | — | — | — | — | — | — |
| Sale of Investments | — | — | 114.71M | — | — | — | 2.43M | — | — | — |
| Investing Cash Flow | — | 500,000 | -268.75M | -4.30M | — | -1.44M | -178.53M | -17.16M | — | — |
| Financing Activities | ||||||||||
| Long-Term Debt Issuance | — | 25.00M | 231.77M | 30.00M | — | — | 140.00M | 15.00M | 55.00M | — |
| Long-Term Debt Payments | -52.50M | -17.50M | -139.05M | -8.75M | -36.75M | -28.91M | -295,000 | -52.17M | -69.75M | -12.25M |
| Other Financing Charges | -3.67M | -2.81M | -5.47M | -1.83M | -290,000 | -2.18M | -1.52M | — | -2.63M | 19,000 |
| Financing Cash Flow | -56.17M | 4.69M | 183.08M | 188.79M | -53.64M | -96.91M | 155.46M | -68,000 | -41.51M | -12.23M |
| Other Cash Details | ||||||||||
| End Cash Position | 79.96M | 86.47M | 75.50M | 252.90M | 60.61M | 43.83M | 69.30M | 52.65M | 24.19M | 14.37M |
| Income Tax Paid | 3.88M | 3.29M | 5.64M | 250,000 | 896,000 | 2.28M | 1.07M | 103,000 | 496,000 | 611,000 |
| Interest Paid | 20.37M | 10.59M | 7.12M | 8.24M | 8.42M | 8.27M | 3.44M | 3.69M | 2.63M | 2.66M |
| Free Cash Flow | 42.14M | 2.02M | -5.57M | 27.96M | 36.66M | 46.56M | 30.58M | 23.46M | 25.32M | 4.62M |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| iShares Core S&P Smallcap ETF | Nov 30, 2024 | 2,175,832 | 70.22M | 6.45% |
| Delaware Group Equity Fds V-Small Cap Core Fund | Nov 30, 2024 | 1,427,290 | 46.07M | 4.23% |
| Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 1,006,198 | 32.48M | 2.98% |
| iShares Russell 2000 ETF | Nov 30, 2024 | 925,786 | 29.88M | 2.74% |
| Vanguard Information Technology Index Fund | Nov 30, 2024 | 766,325 | 24.73M | 2.27% |
| Invesco ETF Tr-Invesco Semiconductors ETF | Nov 30, 2024 | 723,677 | 23.36M | 2.15% |
| Vanguard Extended Market Index Fund | Sep 30, 2024 | 513,132 | 16.56M | 1.52% |
| College Retirement Equities Fund-Stock Account | Sep 30, 2024 | 508,250 | 16.40M | 1.51% |
| First Eagle Small Opportunity Fund | Oct 31, 2024 | 374,773 | 12.10M | 1.11% |
| Invesco Small Cap Value Fd | Oct 31, 2024 | 355,480 | 11.47M | 1.05% |
Article
Ichor Holdings, Ltd. (ICHR) Q4 2024 Earnings Call Transcript
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Ichor Holdings, Ltd. Announces Fourth Quarter and Fiscal Year 2024 Financial Results
FREMONT, Calif.--(BUSINESS WIRE)--Ichor Holdings, Ltd. (NASDAQ: ICHR), a leader in the design, engineering, and manufacturing of critical fluid delivery subsystems and components for semiconductor capital equipment, today announced fourth quarter and fiscal year 2024 financial results. Fourth quarter 2024 highlights: Revenues of $233 million, at the upper end of our guidance range communicated in November; Gross margin of 11.6% on a GAAP basis and 12.0% on a non‑GAAP basis; and Earnings (loss).
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