MKS Instruments Reports Impressive Second Quarter Financial Results for Fiscal Year 2023
August 25, 2023
☀️Earnings Overview
MKS ($NASDAQ:MKSI) Instruments reported total revenue of USD 1003.0 million for the second quarter of their fiscal year 2023, a 31.1% increase from the corresponding period in the previous year. Unfortunately, their net income dropped to a loss of USD 1769.0 million, down from USD 130.0 million in the year prior.
Price History
On Wednesday, MKS Instruments reported its second quarter financial results for fiscal year 2023, which were nothing short of impressive. The market reacted accordingly, with MKS Instruments’ stock opening at $105.4 and closing at $102.6, down 4.7% from its last closing price of 107.6. They attributed this increase to the strong performance of their core business and cost-management initiatives.
Overall, the impressive financial results reported by MKS Instruments are a testament to their strong operational capabilities and cost management initiatives. These results are encouraging and show that the company is well-positioned for future growth. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Mks Instruments. More…
| Total Revenues | Net Income | Net Margin |
| 3.84k | -1.75k | 3.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Mks Instruments. More…
| Operations | Investing | Financing |
| 361 | -4.58k | 3.92k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Mks Instruments. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 9.23k | 6.74k | 37.37 |
Key Ratios Snapshot
Some of the financial key ratios for Mks Instruments are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 23.4% | 12.7% | -37.2% |
| FCF Margin | ROE | ROA |
| 6.4% | -25.7% | -9.7% |
Analysis
At GoodWhale, we take a deep dive into the financials of MKS INSTRUMENTS. Our Star Chart shows that MKS INSTRUMENTS is strong in dividend, growth, profitability and weak in asset. We classify MKS INSTRUMENTS as a ‘gorilla’, a type of company that has achieved stable and high revenue or earning growth due to its strong competitive advantage. This kind of company is likely to be of interest to value investors and growth investors alike. Additionally, MKS INSTRUMENTS has a high health score of 7/10 considering its cashflows and debt, indicating that the company is capable to safely ride out any crisis without the risk of bankruptcy. More…
Peers
The company’s products are used in semiconductor, flat panel display, industrial, and scientific research applications. MKS Instruments is a publicly traded company with annual revenues of over $1 billion, and is headquartered in Andover, MA. MKS Instruments’ primary competitors are Coherent, Inc., Teledyne Technologies, Inc., and Horiba, Ltd. These companies are all much larger than MKS Instruments, with Coherent and Teledyne each having over $2 billion in annual revenue, and Horiba having over $3 billion. All three of these companies are much more diversified than MKS Instruments, with each having a significant presence in a variety of industries beyond just the semiconductor and flat panel display industries.
– Coherent Inc ($NYSE:TDY)
Teledyne Technologies Inc is a provider of advanced electronics and communication products. Its products are used in a variety of industries including aerospace, defense, medical, and industrial. The company has a market cap of 16.43B as of 2022 and a return on equity of 6.93%. Teledyne Technologies is a diversified company with a strong history of innovation and growth.
– Teledyne Technologies Inc ($TSE:6856)
As of 2022, Horiba Ltd has a market capitalization of 246.85 billion and a return on equity of 9.91%. The company is a leading provider of scientific instruments and analytical and measurement solutions. Its products are used in a variety of fields, including automotive, environmental, life science, semiconductor, and chemical.
Summary
MKS Instruments, Inc. reported a 31.1% year-over-year increase in total revenue for the second quarter of its fiscal year 2023, but experienced a net loss of USD 1769.0 million. This is a stark contrast to the net income of USD 130.0 million reported for the same period the previous year. As a result, investors reacted negatively to the news, and stock prices dropped on the same day. It seems that MKS Instruments may be struggling to manage its finances, and investors should consider increasing their caution when looking at their potential investment in this company.
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