MKS Instruments reports Q4 EPS $1.17, consensus 84c

Reports Q4 revenue $ $893M , consensus $ $844.50M.”We closed the year on a solid note with revenue and Adjusted EBITDA exceeding the high-end of our guidance range,” said John T.C. Lee, President and Chief Executive Officer. Mr. Lee added, “We believe our broad portfolio of proprietary and foundational solutions puts us in pole position to capture a wide array of opportunities when end market conditions improve, setting the stage for attractive shareholder value creation in the years to come.” “In 2023, we executed on all the levers under our control, including factory efficiency, operating expense management, lowering our tax rate, and proactive management of our debt, including successfully completing a repricing and allocating more than 80% of our free cash flow for debt paydown,” said Seth H. Bagshaw, Executive Vice President and Chief Financial Officer. “In addition, in the last month, we successfully completed a refinancing of our term loan A and made a voluntary debt prepayment of $50 million.”