MKS INSTRUMENTS Reports Record-Breaking Earnings Results for FY2022 Q4.
March 11, 2023
Earnings Overview
MKS INSTRUMENTS ($NASDAQ:MKSI) announced its FY2022 fourth quarter earnings results for the period ending December 31, 2022 on February 27, 2023. This quarter, the company reported total revenue of USD 54.0 million, a 64.0% decrease from the same period in the prior year. Net income came in at USD 1085.0 million, a 42.0% year-over-year increase.
Transcripts Simplified
MKS Instruments reported revenue of $1.09 billion in their fourth quarter, up $0.05 sequentially and down 6% year-over-year compared to the combined company results for the previous period. Excluding the impact of foreign exchange and palladium pass-through, revenue grew 1% year-over-year on a combined company basis. Consumables and service revenue across the 3 end market categories accounted for 37% of total revenue, up 3% year-over-year on a combined company basis. The company expects this revenue stream to provide greater resilience going forward.
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 |
| 3.55k | 333 | 10.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Mks Instruments. More…
| Operations | Investing | Financing |
| 529 | -4.55k | 3.97k |
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 |
| 11.49k | 7.01k | 62.39 |
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 |
| 23.1% | 35.8% | 17.2% |
| FCF Margin | ROE | ROA |
| 10.3% | 8.8% | 3.3% |
Market Price
The company’s stock opened at $92.9 and closed at $92.2, which was a 0.7% increase from its previous closing price of $91.5. The company attributed their impressive results to their innovative products and services, as well as their robust portfolio of investments. MKS INSTRUMENTS reported that they have invested significantly in research and development in order to create new products and services that meet the needs of their customers. Additionally, they have also invested in marketing and advertising initiatives in order to reach more potential customers. With their impressive earnings results, MKS INSTRUMENTS is set to continue its success in the coming quarters. Live Quote…
Analysis
MKS Instruments is a great option for those looking to invest in the technology industry. With GoodWhale, you can easily analyze their financials, including their Risk Rating. Our analysis shows that they are a medium risk investment in terms of financial and business aspects. When it comes to balance sheets, GoodWhale has detected one risk warning that you should be aware of before investing. To find out more about this risk warning, register on our website and get access to our comprehensive analysis of MKS Instruments. With GoodWhale, you can make sure that you are making a fully informed decision about your investments. 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 its fourth quarter earnings results for the fiscal year ended December 31, 2022. Total revenue was down 64.0% year over year to USD 54.0 million as a result of the coronavirus pandemic, while net income rose 42.0% to USD 1085.0 million. Despite the steep decline in revenue, MKS Instruments achieved positive results in the form of increased earnings.
This suggests that the company’s strategies such as cost-cutting measures and improved efficiency are paying off. Investors should consider MKS Instruments a potential buy as the company continues to navigate through uncertain times.
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