MKS Instruments, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 02, 2023 at 02:00 am IST
Share
MKS Instruments, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was USD 932 million compared to USD 954 million a year ago. Net income was USD 39 million compared to USD 6 million a year ago. Basic earnings per share from continuing operations was USD 0.59 compared to USD 0.09 a year ago. Diluted earnings per share from continuing operations was USD 0.58 compared to USD 0.09 a year ago.
For the nine months, revenue was USD 2,730 million compared to USD 2,461 million a year ago. Net loss was USD 1,772 million compared to net income of USD 279 million a year ago. Basic loss per share from continuing operations was USD 26.53 compared to basic earnings per share from continuing operations of USD 4.85 a year ago. Diluted loss per share from continuing operations was USD 26.53 compared to diluted earnings per share from continuing operations of USD 4.84 a year ago.
MKS Instruments, Inc. is engaged in delivering technology solutions. The Company's segments include Vacuum Solutions Division (VSD), Photonics Solutions Division (PSD), and Materials Solutions Division (MSD). The VSD segment delivers technology solutions to edge semiconductor manufacturing, electronics and packaging and specialty industrial applications. VSD products are derived from its core competencies in pressure measurement and control, flow measurement and control, gas and vapor delivery, gas composition analysis, electronic control technology, reactive gas generation and delivery, power generation and delivery, and vacuum technology. The PSD segment provides a range of instruments, components, and subsystems to semiconductor manufacturing, electronics and packaging and specialty industrial applications. The MSD segment develops process and manufacturing technologies for advanced surface modification, electroless and electrolytic plating, and surface finishing.