MKS Instruments Inc Q3 2023 Earnings Call Summary - Thomson StreetEvents

MKS Instruments Inc Q3 2023 Earnings Call Summary

MKS Instruments Inc Q3 2023 Earnings Call Summary - Thomson StreetEvents
MKS Instruments Inc Q3 2023 Earnings Call Summary
Published Nov 02, 2023
11 pages (5221 words) — Published Nov 02, 2023
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About This Report

  
Abstract:

Edited Brief of MKSI.OQ earnings conference call or presentation 2-Nov-23 12:00pm GMT

  
Brief Excerpt:

...A. Unless otherwise noted, all references to combined company financial measures reflect the combined results of MKS and Atotech Ltd, which MKS acquired on August 17, 2022. B. MKS delivered strong profitability despite continued softness in end market demand. C. We reported revenue of $932 million, adjusted EBITDA of $235 million, and net earnings per diluted share of $1.46. D. Revenue from our semiconductor market was in line with our expectations as the cyclical downturn in industry memory spending continued. E. As expected, demand for our critical vacuum subsystems for deposition in etch remained muted. F. Looking to the fourth quarter, we expect revenue from our semiconductor market to decline sequentially due to the continued weakness in industry memory spending, particularly for NAND, which is at a historically low level and where leading-edge tools contain relatively more MKS content. G. Revenue grew sequentially and slightly better than expected due to normal seasonality associated...

  
Report Type:

Brief

Source:
Company:
MKS Inc
Ticker
MKSI.OQ
Time
12:00pm GMT
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
Thomson StreetEvents. "MKS Instruments Inc Q3 2023 Earnings Call Summary" Nov 02, 2023. Alacra Store. Nov 06, 2026. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q3-2023-MKS-Instruments-Inc-Earnings-Call-B15778748>
  
APA:
Thomson StreetEvents. (2023). MKS Instruments Inc Q3 2023 Earnings Call Summary Nov 02, 2023. New York, NY: Alacra Store. Retrieved Nov 06, 2026 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q3-2023-MKS-Instruments-Inc-Earnings-Call-B15778748>
  
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