Ichor Holdings reports Q3 adjusted EPS 7c, consensus 8c

Reports Q3 revenue $197M, consensus $192.65M. “As expected, in Q3 Ichor’s revenues returned to sequential growth, and rebounded near the upper end of our guidance range with a 6% increase compared to Q2,” commented Jeff Andreson, chief executive officer. “With a similar level of revenues expected again for Q4, our full year expectations are consistent with our forecasts communicated throughout the year. We continue to be focused on maintaining critical R&D investments to enable our technology roadmap, which includes developing proprietary, higher-margin new products and winning evaluation programs that will help drive revenue outperformance and strong operating leverage as our revenues rebound in the coming quarters and years.”