MKS Instruments, Inc. reported its third quarter 2024 financial results on November 6, 2024, with all key financial metrics at or above the high end of its guidance ranges. The company achieved revenue of $896 million, Adjusted EBITDA of $232 million, and Non-GAAP net earnings per diluted share of $1.72.
Net income for the quarter was $62 million, or $0.92 per diluted share. The company demonstrated strong execution and highlighted the value of its broad portfolio of market-leading solutions, despite a muted overall demand environment.
MKS continued its focus on deleveraging, making a voluntary principal prepayment of $216 million (€200 million) to its EUR term loan B in October 2024. For the fourth quarter of 2024, the company provided an outlook expecting revenue of $910 million, plus or minus $40 million, and Non-GAAP net earnings per diluted share of $1.95, plus or minus $0.32.
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