MKS Instruments (NASDAQ: MKSI) reported Q4 EPS of $1.71, $0.08 better than the analyst estimate of $1.63. Revenue for the quarter came in at $512 million versus the consensus estimate of $500.22 million.

First Quarter 2018 Outlook

Based on current business levels, the Company expects that sales in the first quarter of 2018 may range from $510 to $550 million, and at these volumes, GAAP net income could range from $1.68 to $1.95 per diluted share and non-GAAP net earnings could range from $1.86 to $2.12 per diluted share. This financial guidance incorporates assumptions made based upon the Company’s current interpretation of the 2017 Tax Cut and Jobs Act, and may change as additional clarification and implementation guidance is issued.

GUIDANCE:

MKS Instruments sees Q1 2018 EPS of $1.86-$2.12, versus the consensus of $1.60.

Highlights:

• 2017 was a record year in revenue and GAAP and Non-GAAP EPS
• Annual revenue increased 30% compared to pro-forma 2016 to a record $1.9 billion
• Annual semiconductor revenue increased 45% on a pro-forma basis to a record $1.1 billion
• Annual revenue in advanced markets increased 14% on a pro-forma basis to a record $820 million
• Light and Motion set new quarterly and annual revenuer ecords and in Q4’17 exceeded $200 million in revenue for the first time
• Our 2018 January Operating Model shows a 33% increase in Non-GAAP EPS compared to the October 2017 Operating Model

For earnings history and earnings-related data on MKS Instruments (MKSI) click here.