July 30, 2014 1:16 AM ET

Semiconductors and Semiconductor Equipment

Company Overview of MKS Instruments, Inc.

Company Overview

MKS Instruments, Inc. operates as a provider of instruments, subsystems, and process control solutions that measure, control, power, monitor, and analyze critical parameters of manufacturing processes in the United States and internationally. The company operates through four segments: Advanced Manufacturing Capital Equipment, Analytical Solutions Group, Europe Region Sales & Service, and Asia Region Sales & Service. It offers instruments and control systems, such as pressure measurement and control, materials delivery, and control products; and power delivery and reactive gas generation products that are used in semiconductor and other thin film applications, including medical imaging equip...

2 Tech Drive

Suite 201

Andover, MA 01810

United States

Founded in 1961

2,394 Employees

Phone:

978-645-5500

Fax:

978-557-5100

Key Executives for MKS Instruments, Inc.

Chief Executive Officer
Age: 57
Total Annual Compensation: $498.5K
Chief Financial Officer
Age: 54
Total Annual Compensation: $349.4K
Senior Vice President of Business Units
Age: 51
Total Annual Compensation: $349.7K
Executive Officer
Age: 49
Total Annual Compensation: $269.5K
Compensation as of Fiscal Year 2013.

MKS Instruments, Inc. Key Developments

MKS Instruments, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Third Quarter and Full Year of 2014

MKS Instruments, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total net revenues of $184.697 million compared to $156.928 million for the same period a year ago. Income from operations was $30.660 million compared to $10.427 million for the same period a year ago. Income from operations before income taxes was $30.891 million compared to $10.638 million for the same period a year ago. Net income was $21.224 million or $0.40 per diluted share compared to $7.320 million or $0.14 per diluted share for the same period a year ago. Non-GAAP net earnings were $22.598 million or $0.42 per diluted share compared to $7.250 million or $0.14 per diluted share for the same period a year ago. Non-GAAP income from operations was $32.520 million compared to $10.296 million for the same period a year ago. Non-GAAP income before income tax was $32.751 million compared to $10.507 million for the same period a year ago. For six months, the company reported total net revenues of $391.050 million compared to $298.573 million for the same period a year ago. Income from operations was $68.438 million compared to $15.103 million for the same period a year ago. Income from operations before income taxes was $68.904 million compared to $15.605 million for the same period a year ago. Net income was $52.469 million or $0.98 per diluted share compared to $13.081 million or $0.25 per diluted share for the same period a year ago. Non-GAAP net earnings were $49.783 million or $0.93 per diluted share compared to $11.122 million or $0.21 per diluted share for the same period a year ago. Non-GAAP income from operations was $71.683 million compared to $15.617 million for the same period a year ago. Non-GAAP income before income tax was $72.149 million compared to $16.119 million for the same period a year ago. Total book value, net of goodwill intangibles, was $799 million or $15.07 per share. Looking ahead, reports from the recent semiconductor industry tradeshow continue to project that third quarter OEM shipments may be down from the second quarter. In other markets, the global economy continues to improve and the company continue to search out and leverage growth opportunities in a strategic manner. Based on these factors, and looking at current business levels, The company anticipates that sales in the third quarter may range from $170 million to $190 million, and at these volumes, non-GAAP net earnings could range from $0.28 to $0.42 per share. The company expects GAAP net income in the range of $12.2 million or $0.23 per share to $19.9 million or $0.37 per share. The company expects non-GAAP net earnings in the range of $14.7 million to $22.4 million. The company expects third quarter tax rate to be approximately 31%, reflecting anticipated geographical mix of taxable income. For the full year of 2014, the company expects will increase annual non-GAAP earnings by $0.10 to $0.12 per share. The company expects will generate improvements for gross margin, operating margin and net income throughout the cycle. The company expects the GP acquisition, at current business levels, to add approximately $30 million of annual revenue.

MKS Instruments, Inc. to Report Q2, 2014 Results on Jul 23, 2014

MKS Instruments, Inc. announced that they will report Q2, 2014 results at 5:00 PM, Eastern Standard Time on Jul 23, 2014

MKS Instruments, Inc., Q2 2014 Earnings Call, Jul 24, 2014

MKS Instruments, Inc., Q2 2014 Earnings Call, Jul 24, 2014

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