Press release
Ichor Holdings, Ltd. Announces Fourth Quarter and Fiscal Year 2021 Financial Results
FREMONT, Calif.--(BUSINESS WIRE)-- Ichor Holdings, Ltd. (NASDAQ: ICHR), a leader in the design, engineering, and manufacturing of critical fluid delivery
About this update from Ichor Holdings
[{"type":"text","content":" FREMONT, Calif.--(BUSINESS WIRE)--\nIchor 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 2021 financial results.\n\nFiscal 2021 Highlights:\n\n\nRecord revenues of $1.1 billion;\n\n\nRecord earnings of $2.45 per share on a GAAP basis and $3.37 per share on a non-GAAP basis;\n\n\nGross margin of 16.2% on a GAAP basis and 16.7% on a non-GAAP basis, a year-over-year increase of 250bp on a GAAP basis and 210bp on a non-GAAP basis; and\n\n\nAcquisition of IMG Companies, LLC (“IMG”), bringing additional precision machining capabilities and capacity, and an accretive operating model to Ichor.\n\n\n“We are pleased to report record revenues and earnings for fiscal 2021,” commented Jeff Andreson, chief executive officer. “Over the course of the year, levels of customer demand increased significantly, in parallel with continual upward revisions of wafer fab equipment growth expectations. At the same time, supply chain challenges progressively increased through the year, which pressured companies in the semiconductor industry to meet these unprecedented levels of demand. In spite of the operational challenges, our team executed well in 2021, achieving record revenues and earnings, increasing gross margins, and earnings growth outpacing our revenue growth, as well as successfully completing the complementary and accretive acquisition of IMG. Looking forward, our current visibility along with our customers’ outlooks indicate continued quarter-over-quarter increases in both demand and output as we progress through 2022. We look forward to continuing to execute on our strategies for growth and operational leverage in this robust demand environment.”\n\n\n\n \n\n\n\n \n\n\n\nQ4 2021\n\n\n\n \n\n\n\n \n\n\n\nQ3 2021\n\n\n\n \n\n\n\n \n\n\n\nQ4 2020\n\n\n\n \n\n\n\n \n\n\n\nFY 2021\n\n\n\n \n\n\n\n \n\n\n\nFY 2020\n\n\n\n \n\n\n\n\n\n \n\n\n\n \n\n\n\n(dollars in thousands, except per share amounts)\n\n\n\n \n\n\n\n\n\nU.S. GAAP Financial Results:\n\n\n\n \n\n\n\n\n\nNet sales\n\n\n\n \n\n\n\n$\n\n\n\n287,188\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n262,855\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n244,966\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n1,096,917\n\n\n\n \n\n\n\n \n\n\n\n$\n\n\n\n914,2...