Intraday Mover: Ichor Holdings, Ltd. (NASDAQ: ICHR)

On 11 Dec 2019, Ichor Holdings, Ltd. (NASDAQ: ICHR) spotted trading -0.98% off 52-week high price. On the other end, the stock has been noted 128.25% away from the low price over the last 52-weeks. The stock changed 1.98% to recent value of $32.48. The stock transacted 258929 shares during most recent day however it has an average volume of 313.81K shares.

Ichor Holdings, Ltd. (ICHR) recently reported third quarter 2019 financial results.

Highlights for the third quarter of 2019:

Revenues of $154M, at the high end of expectations;

Gross margin of 13.4% on a GAAP basis and 13.5% on a non-GAAP basis;

Net earnings of $0.04 per diluted share on a GAAP basis and $0.30 on a non-GAAP basis.

U.S. GAAP Financial Results Overview

For the third quarter of 2019, revenue was $154.5M, net income was $0.9M, and net income per diluted share (“diluted EPS”) was $0.04. This compares to revenue of $139.2M and $175.2M, net income of $0.3M and $9.6M, and diluted EPS of $0.01 and $0.39, for the second quarter of 2019 and third quarter of 2018, respectively.

Non-GAAP Financial Results Overview

For the third quarter of 2019, non-GAAP adjusted net income was $6.7M and non-GAAP adjusted diluted EPS was $0.30. This compares to non-GAAP adjusted net income of $5.1M and $13.6M, and non-GAAP adjusted diluted EPS of $0.23 and $0.55, for the second quarter of 2019 and third quarter of 2018, respectively.

Fourth Quarter 2019 Financial Outlook

For the fourth quarter of 2019, we expect revenue to be in the range of $180 to $190M. We expect GAAP diluted EPS to be in the range of $0.36 to $0.49 and non-GAAP adjusted diluted EPS to be in the range of $0.43 to $0.51.

This outlook for non‑GAAP adjusted diluted EPS excludes known charges related to amortization of intangible assets, share‑based compensation expense, tax adjustments related to these non-GAAP adjustments, and non-recurring charges known at the time of providing this outlook. This outlook for non-GAAP adjusted diluted EPS excludes any items that are unknown at this time, such as non-recurring tax-related items or other unusual items which we are not able to predict without unreasonable efforts Because of their inherent uncertainty.

Its earnings per share (EPS) expected to touch remained 19.50% for this year while earning per share for the next 5-years is expected to reach at 2.29%. ICHR has a gross margin of 14.30% and an operating margin of 2.70% while its profit margin remained 1.10% for the last 12 months. According to the most recent quarter its current ratio was 1.9 that represents company’s ability to meet its current financial obligations. The price moved ahead of 4.10% from the mean of 20 days, 13.00% from mean of 50 days SMA and performed 32.23% from mean of 200 days price. Company’s performance for the week was 4.64%, 3.47% for month and YTD performance remained 99.26%.

 

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