NASDAQ$ICHR

Ichor Holdings Ltd · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Announced third quarter 2021 financial results, demonstrating year-over-year revenue growth and continued strong margins and profitability.

Ichor Holdings reported Q3 2021 financial results with revenue of $262.9 million, a 15% increase year-over-year. GAAP net income was $18.5 million, or $0.64 per diluted share, while non-GAAP net income was $23.4 million, or $0.81 per diluted share. The company expects revenue to be between $275 million and $305 million in Q4 2021.

  • Revenues of $263 million, up 15% year-over-year.
  • Gross margin of 16.6% on a GAAP basis and 16.7% on a non-GAAP basis.
  • Net earnings of $0.64 per diluted share on a GAAP basis and $0.81 on a non-GAAP basis.
  • Post-quarter-end execution of an amended and restated credit agreement, increasing borrowing capacity and reducing the overall borrowing rate.

Headline financials

Total Revenue

$263M

Previous: $228M+15.5%
EPS (adj)

$0.81

Previous: $0.62+30.6%
Capital Expenditures

-$18.7M

Previous: -$8.29M-125.6%
Free Cash Flow

-$167K

Previous: $2.26M-107.4%
Net Income

$18.5M

Previous: $10.5M+75.7%
Operating Income

$21.2M

Previous: $12.5M+69.1%
Gross Profit

$43.6M

Previous: $32.5M+34.2%
Cash & Equivalents

$128M

Previous: $78.9M+62.2%
Total Assets

$829M

Previous: $605M+36.8%
Stock-Based Comp

$3.01M

Previous: $2.42M+24.5%

Revenue & EPS history

Ichor · Revenue · Quarterly

$263M

Q3 2021+15.5%vs Q3 2020
Beat estimate in 7 of 16 quarters(44%)
ActualEstimate

Forward guidance

For the fourth quarter of 2021, the company expects revenue to be in the range of $275 million to $305 million. They expect GAAP diluted EPS to be in the range of $0.64 to $0.82 and non-GAAP diluted EPS to be in the range of $0.82 to $0.98.

Tailwinds

  • Revenue expected to be in the range of $275 million to $305 million.
  • GAAP diluted EPS expected to be in the range of $0.64 to $0.82.
  • Non-GAAP diluted EPS expected to be in the range of $0.82 to $0.98.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2021

Historical avgQ3 2021

-1.8%

Avg return

Earnings day

+0.2%

Avg return

5 days after

+0.4%

Avg return

30 days after

43%

17 / 40 earnings

Positive

+32.7%

Q4 2025

Best reaction

-31.3%

Q3 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.9%+7.0%+2.0%
Q4 2025+32.7%+37.1%+22.1%
Q3 2025-31.3%-34.7%-24.1%
Q1 2025-23.1%-18.5%-15.7%
Q4 2024+14.4%+20.7%+3.7%
Q3 2024+15.2%+23.1%+27.9%
Q2 2024+2.9%+2.6%+1.0%
Q1 2024-3.7%-3.2%-3.8%
Q4 2023+3.1%+13.7%+16.7%
Q3 2023-13.0%-8.9%-2.5%
Q2 2023-5.2%-7.6%-11.2%
Q1 2023-7.7%-3.8%+22.0%
Q4 2022+4.5%-0.9%-12.4%
Q3 2022-0.0%+13.7%+15.5%
Q2 2022+3.4%+12.0%-11.3%
Q1 2022-15.5%-5.0%-2.9%
Q4 2021+0.9%-5.7%-15.9%
Q3 2021-0.1%+2.1%+0.2%
Q2 2021-8.5%-8.2%-7.7%
Q1 2021-3.8%-2.6%-3.5%
Q4 2020+4.4%+7.5%+8.3%
Q3 2020+7.2%+16.9%+47.7%
Q2 2020+0.4%-7.8%-18.6%
Q1 2020-1.9%+2.1%+7.9%
Q4 2019-3.6%-2.9%-19.8%
Q3 2019+1.7%+1.3%-0.1%
Q2 2019-1.6%-3.1%+4.4%
Q1 2019-8.2%-8.4%-15.8%
Q4 2018-1.4%+1.3%-9.7%
Q3 2018-17.6%-17.8%-10.7%
Q2 2018+7.7%+2.4%+0.1%
Q1 2018+10.3%+9.3%+1.8%
Q4 2015-8.5%-6.9%-13.2%
Q4 2017-21.2%-16.8%+3.8%
Q3 2016-2.0%+0.5%-15.3%
Q3 2017-8.1%-9.9%-19.2%
Q2 2016+8.7%+9.9%+25.2%
Q2 2017+0.9%+2.7%+17.2%
Q1 2017-3.8%-5.0%+17.6%
Q4 2016+3.0%+1.5%+4.6%
Q1 2016
Q3 2015
Q2 2015
Q1 2015
Q4 2014
Q3 2014
Q2 2014
Q1 2014

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