Ichor (ICHR) Misses Q1 EPS by 20c, Offers Guidance
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Ichor Holdings, Ltd. Announces First Quarter 2022 Financial Results
May 10, 2022 4:05 PM EDTFREMONT, Calif.--(BUSINESS WIRE)-- Ichor Holdings, Ltd. (NASDAQ: ICHR), a leader in the design, engineering, and manufacturing of critical fluid delivery subsystems and components for semiconductor capital equipment, today announced first quarter 2022 financial results.
First quarter 2022 highlights:
Record revenues were within our guidance range at $293 million, up 11% year-over-year and up 2% from Q4; Gross margin of 15% on a GAAP basis and 16% on a non-GAAP basis, reflecting additional hiring of direct manufacturing labor to support customer demand as well as increased freight and logistics costs;... More