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June 01, 2015 10:19 PM ET

Semiconductors and Semiconductor Equipment

Company Overview of MKS Instruments, Inc.

Company Overview

MKS Instruments, Inc. provides instruments, subsystems, and process control solutions that measure, control, power, monitor, and analyze critical parameters of manufacturing processes in the United States and internationally. The company operates through four segments: Advanced Manufacturing Capital Equipment, Analytical Solutions Group, Europe Region Sales & Service, and Asia Region Sales & Service. It offers pressure measurement and control products used for various pressure ranges and accuracies; materials delivery products, including gas flow measurement and control products; control products comprising digital control network products, process chambers, system controllers, and connectiv...

2 Tech Drive

Suite 201

Andover, MA 01810

United States

Founded in 1961

2,371 Employees

Phone:

978-645-5500

Fax:

978-557-5100

Key Executives for MKS Instruments, Inc.

Chief Executive Officer, President and Director
Age: 57
Total Annual Compensation: $597.3K
Chief Financial Officer, Principal Accounting Officer, Vice President and Treasurer
Age: 54
Total Annual Compensation: $398.7K
Senior Vice President of Global Operations
Age: 55
Total Annual Compensation: $323.9K
Senior Vice President of Business Units
Age: 51
Total Annual Compensation: $398.7K
Senior Vice President of Global Sales
Age: 61
Total Annual Compensation: $273.4K
Compensation as of Fiscal Year 2014.

MKS Instruments, Inc. Key Developments

MKS Instruments Seeks Acquisitions

Seth Bagshaw, Vice President, Chief Financial Officer and Treasurer of MKS Instruments, Inc. (NasdaqGS:MKSI) said, "I'll do capital deployment and the M&A." Gerry Colella, President, Chief Executive Officer and Director said, "Over the last several years, we have continued to look for good value companies in our space. And so the strategy going forward is if we saw a company in our space that was sizable transformative, that's fine. We'd be willing to look at whatever we need to do to leverage the Company, cash in stock, whatever. But it would have to be somebody we know, somebody we know that is a well-run company, good return. We'd understand the EBITDA and we pay fair value for that. And we continue to see opportunities because there's still more consolidation, we think, that can occur."

MKS Instruments, Inc. Announces Increased Quarterly Cash Dividend, Payable on June 12, 2015

MKS Instruments, Inc. announced that its board of directors has authorized a quarterly cash dividend of $0.17 per share, an increase since its most recent dividend of $0.165 per share, payable on June 12, 2015 to shareholders of record as of June 1, 2015. Future dividend declarations, as well as the record and payment dates for such dividends, are subject to the final determination of the company's Board of Directors.

MKS Instruments, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Second Quarter Ending June 30, 2015

MKS Instruments, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. Total net revenues were $213.8 million against $206.4 million in the first quarter of 2014. Income from operations was $47.0 million against $37.8 million in the first quarter of 2014. Income from operations before income taxes was $47.5 million against $38.0 million in the first quarter of 2014. First quarter net income was $33.8 million, or $0.63 per basic and diluted share, compared to net income $31.2 million, or $0.58 per basic and diluted share in the first quarter of 2014. Non-GAAP net earnings, which exclude special charges and credits, were $35.5 million, or $0.66 per diluted share, compared to $27.2 million or $0.51 per diluted share in the first quarter of 2014. Non-GAAP income from operations was $49.5 million against $39.2 million in the first quarter of 2014. Capital additions for the quarter were $2.5 million. For the second quarter ending June 30, 2015, the company anticipates that sales may range from $200 million to $220 million, and at these volumes, non-GAAP net earnings could range from $0.53 per share to $0.66 per share and GAAP net income could range from $0.54 per share to $0.67 per share. GAAP net income is expected to be in the range of $28.8 million to $36.0 million, amortization is expected to $1.7 million or $0.03 per share and non-GAAP net earnings is expected in the range of $28.4 million to $35.6 million. Non-GAAP gross margin could range from 44.5% to 45.5%, reflecting these volumes and expected product mix. GAAP gross margin could range from 45.7% to 46.6%, which reflects the estimated effect of the sales certain inventory previously reduced as net realized value. Net interest income is estimated to be approximately $500,000. The company expects its second quarter income tax rate to be approximately 29%, reflecting the anticipated geographical mix of taxable income.

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