MKS Instruments Surpasses Q4 Expectations with Strong Earnings
ANDOVER, Mass. - MKS Instruments Inc. (MKSI) reported robust financial results for the fourth quarter of 2023.
Key Highlights:
* Net income of $90 million, up 0.51%
* Earnings per share (EPS) of $1.33
* Adjusted EPS of $2.15, exceeding analyst estimates of $1.92
* Revenue of $935 million, surpassing Street forecasts of $910.6 million
Annual Performance:
* Annual net income of $190 million
* Annual EPS of $2.81
* Annual revenue of $3.59 billion
Outlook:
For the current quarter ending in March, MKS Instruments anticipates:
* EPS range of $1.13 to $1.67
* Revenue range of $870 million to $950 million
These results demonstrate MKS Instruments' continued strength in the semiconductor industry, driven by its advanced analysis and processing equipment. The company's financial performance is a testament to its innovation and commitment to customer satisfaction.