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|Ichor Announces Preliminary Fourth Quarter 2017 Financial Results and First Quarter 2018 Outlook; as well as Timing of Q4 Conference Call|
For the fourth quarter of 2017, Ichor expects to report:
First Quarter 2018 Financial Outlook
For the first quarter of 2018, Ichor expects revenues to be in the range
Fourth Quarter 2017 Earnings Conference Call Information
Ichor will conduct a conference call to discuss its fiscal fourth quarter and full year 2017 results and business outlook on February 7th, 2018, at 1:30 p.m. Pacific time. After the close of the market on February 7th, Ichor will issue an earnings press release. The press release will be available on Ichor's website at www.ichorsystems.com.
To listen to the conference call via the Internet, please visit the investor relations section of Ichor's Web site at ir.ichorsystems.com. To listen to the conference call via telephone, please call 844-395-9251 (domestic) or 478-219-0504 (international), conference ID: 3717829.
A taped replay of the webcast will be available shortly after the call on Ichor's website or by calling 855-859-2056 (domestic) or 404-537-3406 (international), conference ID: 3717829.
Ichor is a leader in the design, engineering and manufacturing of critical fluid delivery subsystems for semiconductor capital equipment. Our primary offerings include gas and chemical delivery subsystems, collectively known as fluid delivery subsystems, which are key elements of the process tools used in the manufacturing of semiconductor devices. Our gas delivery subsystems deliver, monitor and control precise quantities of the specialized gases used in semiconductor manufacturing processes such as etch and deposition. Our chemical delivery subsystems precisely blend and dispense the reactive liquid chemistries used in semiconductor manufacturing processes such as electroplating and cleaning. We also manufacture certain components for internal use in fluid delivery systems and for direct sales to our customers. This vertically integrated portion of our business is primarily focused on metal and plastic parts that are used in gas and chemical systems, respectively. For more information, please visit Ichor’s website at: www.ichorsystems.com.
Safe Harbor Statement
Certain statements in this release are "forward-looking statements" made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as "guidance," "expects," "intends," "projects," "plans," "believes," "estimates," "targets," "anticipates," and similar expressions are used to identify these forward-looking statements. Our expectations about quarterly and full year results are based on preliminary unaudited information about the fourth quarter of 2017 and are subject to revision. Although the quarter is now completed, we are still in the early stages of our standard financial reporting closing procedures. Accordingly, as we complete our normal quarter-end and year-end closing and review processes, actual results could differ materially from these preliminary estimates.
Examples of forward-looking statements include, but are not limited to,
statements regarding financial results for the fiscal fourth quarter and
full year 2017, which are subject to adjustment in connection with the
year-end audit and preparation of our annual report on form 10-K,
expected sales, as well as any other statement that does not directly
relate to any historical or current fact. Forward-looking statements are
based on management’s current expectations and assumptions regarding
Ichor’s business, the economy and other future conditions, which may not
prove to be accurate. These statements are not guarantees and are
subject to risks, uncertainties and changes in circumstances that are
difficult to predict. Accordingly, you are cautioned not to place undue
reliance on these forward-looking statements, which speak only as of the
date they are made. Many factors could cause actual results to
differ materially and adversely from these forward-looking statements,
including: (1) dependence on expenditures by manufacturers and cyclical
downturns in the semiconductor capital equipment industry, (2) reliance
on a very small number of original equipment manufacturers for a
significant portion of sales, (3) negotiating leverage held by our
customers, (4) competitiveness and rapid evolution of the industries in
which we participate, (5) risks associated with weakness in the global
economy and geopolitical instability, (6) keeping pace with developments
in the industries we serve and with technological innovation generally,
(7) designing, developing and introducing new products that are accepted
by original equipment manufacturers in order to retain our existing
customers and obtain new customers, (8) managing our manufacturing and
procurement process effectively, (9) defects in our products that could
damage our reputation, decrease market acceptance and result in
potentially costly litigation, (9) dependence on a limited number of
suppliers and (10) the integration of recent acquisitions with Ichor,
including the ability to retain customers, suppliers and key employees.
Additional information concerning these and other factors can be found
in Ichor's filings with the
All forward-looking statements in this press release are based upon information available to us as of the date hereof, and qualified in their entirety by this cautionary statement. We undertake no obligation to update or revise any forward-looking statements contained herein, whether as a result of actual results, changes in Ichor’s expectations, future events or developments, or otherwise, except as required by law.
Ichor Holdings, Ltd.