ICHR FY 2022 Earnings Report — Ichor Holdings, Ltd. Revenue & Financial Results | Market Cap Arena

Ichor Holdings, Ltd.ICHR

FY 2022 Earnings

Reported February 24, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$1.3B	—	$1.1B	—	16.7%
Op. Income	$86M	—	$81M	—	5.9%
Gross Margin	16.6%	—	16.2%	—	0.4pp
Net Margin	5.7%	—	6.5%	—	-0.8pp
EPS (Diluted)	$2.51	—	$2.45	—	2.4%
Free Cash Flow	$2M	—	-$6M	—	136.3%

Revenue Flow

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$1.1B
GROSS PROFIT	$212M
R&D Expenses	$20M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$89M
Other Expenses	$18M
Operating Expenses	$126M
Cost & Expenses	$1.2B
OPERATING INCOME	$86M
Interest Income	$0
Interest Expense	$11M
Other Income/Expenses	-$10M
INCOME BEFORE TAX	$75M
Income Tax Expense	$3M
Net Income from Continuing Ops	$73M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$73M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$73M
D&A	$35M
EBIT	$86M
EBITDA	$121M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$1.1B
GROSS PROFIT	$212M
R&D Expenses	$20M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$89M
Other Expenses	$18M
Operating Expenses	$126M
Cost & Expenses	$1.2B
OPERATING INCOME	$86M
Interest Income	$0
Interest Expense	$11M
Other Income/Expenses	-$10M
INCOME BEFORE TAX	$75M
Income Tax Expense	$3M
Net Income from Continuing Ops	$73M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$73M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$73M
D&A	$35M
EBIT	$86M
EBITDA	$121M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$73M
Depreciation & Amortization	$35M
Stock-Based Compensation	$14M
Deferred Income Tax	-$3M
Other Non-Cash Items	$465.0K
Change in Working Capital	-$88M
OPERATING CASH FLOW	$31M
Capital Expenditure	-$29M
Acquisitions (Net)	$500.0K
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$0
NET CASH FROM INVESTING	-$29M
Net Debt Issuance	$8M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$955.0K
NET CASH FROM FINANCING	$8M
FREE CASH FLOW	$2M
Net Change in Cash	$11M

Balance Sheet

Item	Amount
Cash & Equivalents	$86M
Short-Term Investments	$0
Net Receivables	$136M
Inventory	$284M
Other Current Assets	$7M
TOTAL CURRENT ASSETS	$513M
PP&E (Net)	$139M
Goodwill	$335M
Intangible Assets	$72M
Long-Term Investments	$0
Tax Assets	$11M
Other Non-Current Assets	$13M
TOTAL NON-CURRENT ASSETS	$570M
TOTAL ASSETS	$1.1B
Account Payables	$110M
Short-Term Debt	$8M
Deferred Revenue	$0
Other Current Liabilities	$16M
TOTAL CURRENT LIABILITIES	$166M
Long-Term Debt	$293M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$29.0K
Other Non-Current Liabilities	$5M
TOTAL NON-CURRENT LIABILITIES	$330M
TOTAL LIABILITIES	$496M
Common Stock	$3.0K
Additional Paid-In Capital	$431M
Retained Earnings	$248M
Treasury Stock	-$92M
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$587M
Minority Interest	$0
TOTAL EQUITY	$587M
TOTAL LIABILITIES & EQUITY	$1.1B
Total Debt	$342M
Net Debt	$255M