mks instruments inc (MKSI) Key Developments
MKS Instruments, Inc. Presents at Bank of America Merrill Lynch Smid Cap Conference, Mar-18-2014 03:05 PM
Feb 22 14
MKS Instruments, Inc. Presents at Bank of America Merrill Lynch Smid Cap Conference, Mar-18-2014 03:05 PM. Venue: The Ritz-Carlton, Boston Common, 10 Avery Street, Boston, Massachusetts, United States. Speakers: Seth H. Bagshaw, Chief Financial Officer, Principal Accounting Officer, Vice President and Treasurer.
MKS Instruments, Inc. Introduces a-Baratron Capacitance Manometer
Feb 18 14
MKS Instruments, Inc. has introduced the a-Baratron Capacitance Manometer, an advanced high-performance, heated absolute capacitance manometer with better accuracy, higher tolerance to ambient temperature changes and excellent repeatability. The a-Baratron manometer is internally heated to 45°, 80° or 100°C, and has a pushbutton zero that allows service intervals up to four times longer than earlier models. It is fully back compatible with earlier MKS and competitive products. The manometer offers full-scale measurement ranges from 0.1 Torr to 1,000 Torr (13.3 Pa to 133.3 kPa). Its all-digital architecture and advanced new sensor heating system provide long-term performance and reliability. As with previous Baratron manometers, the sensor is made from Inconel and Incoloy nickel alloys for the same superior corrosion resistance. The a-Baratron manometer can be equipped with the standard sensor or MKS’ patented Etch Baffle sensor technology that greatly reduces process contamination. It can be configured for both new and existing processing systems. It operates on ±15VDC input voltage, and has a standard 0–10VDC analog output signal. It is fully CE and RoHS (Restriction of Hazardous Substances) compliant, and is 100% back-compatible with earlier 100- and 600-series analog Baratron capacitance manometers, as well as many competitive capacitance diaphragm gauges.
MKS Instruments, Inc. Declares Quarterly Cash Dividend, Payable on March 14, 2014
Feb 11 14
MKS Instruments, Inc. announced that its board of directors has authorized a quarterly cash dividend of $0.16 per share, payable on March 14, 2014 to shareholders of record as of March 3, 2014.
MKS Instruments, Inc. Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2013; Provides Earnings Guidance for the First Quarter of 2014
Jan 29 14
MKS Instruments, Inc. reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2013. For the quarter, the company's total net revenues were $204.4 million compared with $133.8 million a year ago. Income from operations was $30.95 million compared with $6.6 million a year ago. Income before income taxes was $31.2 million compared with $6.9 million a year ago. Net income was $20.2 million or $0.38 per basic and diluted share compared with $4.1 million or $0.08 per basic and diluted share a year ago. Non-GAAP net earnings were $22.3 million or $0.42 per share compared with $5.1 million or $0.10 per share a year ago. Non-GAAP income from operations was $34.1 million compared with $7.7 million a year ago. Non-GAAP income before income tax was $34.3 million compared with $7.99 million a year ago. This revenue growth was primarily driven by semiconductor sales, which were up 30% quarter-over-quarter, with sales in all other markets, up 7%. Capital additions for the quarter were $3.3 million.
For the year, the company's total net revenues were $669.4 million compared with $643.5 million a year ago. Income from operations was $58.4 million compared with $74.2 million a year ago. Income before income taxes was $59.3 million compared with $75.1 million a year ago. Net income was $35.8 million or $0.67 per basic and diluted share compared with $48.0 million or $0.91 per basic and $0.90 per diluted share a year ago. Non-GAAP net earnings were $48.4 million or $0.90 per share compared with $53.3 million or $1.00 per share a year ago. Non-GAAP income from operations was $69.99 million compared with $82.5 million a year ago. Non-GAAP income before income tax was $70.9 million compared with $83.4 million a year ago. The company generated nearly $700 million in free cash flow. Total book value, net of goodwill intangibles, increased to $857 million or approximately $16 per share.
The company expects that sales in the first quarter of 2014 may range from $190 million to $205 million, and at these volumes, its non-GAAP and GAAP net earnings could range from $0.35 to $0.48 per share. Based upon this expected sales range, gross margin could range from 42% to 44%, reflecting these volumes and expected product mix. Amortization of intangible assets is expected to be approximately $500,000. The net interest income is estimated to be approximately $200,000. First quarter tax rate to be approximately 33%, reflecting the anticipated geographical mix of taxable income and includes the effect of the expiration of the U.S. research and development tax credit at the end of 2013. First quarter non-GAAP net earnings could range from $18.9 million to $25.9 million or $0.35 to $0.48 per share. And GAAP net income of $18.6 million to $25.5 million, also $0.35 to $0.48 per share on approximately 54 million shares outstanding.
MKS Instruments, Inc. Presents at Stifel, Nicolaus Technology, Internet & Media Conference, Feb-12-2014 11:30 AM
Jan 27 14
MKS Instruments, Inc. Presents at Stifel, Nicolaus Technology, Internet & Media Conference, Feb-12-2014 11:30 AM. Venue: The Fairmont Hotel, San Francisco, California, United States. Speakers: Gerald G. Colella, Chief Executive Officer, President, Chief Operating Officer and Director.