MKS Instruments (NASDAQ: MKSI) reported Q4 EPS of $1.54, $0.03 better than the analyst estimate of $1.51. Revenue for the quarter came in at $461 million versus the consensus estimate of $441.44 million.

“We are pleased to report another year of record results despite semiconductor market headwinds in the second half of the year,” said Gerald Colella, Chief Executive Officer. Mr. Colella added, “Our ability to consistently deliver sustainable and profitable growth through market cycles reflects the benefits of our diversification strategy as well as our cost discipline, flexible manufacturing capabilities, and continued market share gains.”

“During 2018, we recorded 8% revenue growth, a 170 basis point improvement in non-GAAP operating margins and a 31% increase in non-GAAP earnings per share,” said Seth Bagshaw, Senior Vice President and Chief Financial Officer. Mr. Bagshaw added “This performance reflects the strong operating leverage inherent in our model as well as balanced exposure to a variety of end markets, and continued cost structure improvements.”

GUIDANCE:

MKS Instruments sees Q1 2019 EPS of $0.95-$1.18, versus the consensus of $1.54. MKS Instruments sees Q1 2019 revenue of $400-440 million, versus the consensus of $453.71 million.

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