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Ichor Holdings Ltd. (ICHR) CEO Jeff Andreson on Q2 2021 Results - Earnings Call Transcript

Aug. 03, 2021 10:12 PM ETIchor Holdings, Ltd. (ICHR)4 Comments
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Ichor Holdings, Ltd. (NASDAQ:ICHR) Q2 2021 Earnings Conference Call August 3, 2021 4:30 PM ET

Company Participants

Claire McAdams - Investor Relations

Jeff Andreson - Chief Executive Officer

Larry Sparks - Chief Financial Officer

Conference Call Participants

Craig Ellis - B. Riley

Patrick Ho - Stifel

Krish Sankar - Cowen and Company

Tom Diffely - D.A. Davidson

Quinn Bolton - Needham & Company


Good day ladies and gentlemen, and welcome to Ichor's Second Quarter 2021 Earnings Conference Call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session and instructions will be given at that time. [Operator Instructions] As a reminder, this conference is being recorded.

I would now like to introduce your host for today's conference, Claire McAdams, Investor Relations for Ichor. Please go ahead.

Claire McAdams

Thank you, Melissa. Good afternoon and thank you for joining today's second quarter 2021 conference call. As you read our earnings press release and as you listen to this conference call, please recognize that both contain forward-looking statements within the meaning of the federal securities laws. These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond our control and could cause actual results to differ materially from such statements.

These risks and uncertainties include those spelled out in our earnings press release, those described in our Annual Report on Form 10-K for fiscal year 2020, and those described in subsequent filings with the SEC. You should consider all forward-looking statements in light of those and other risks and uncertainties.

Additionally, we will be providing certain non-GAAP financial measures during this conference call. Our earnings press release and the financial supplement posted to our IR website each provide a reconciliation of these non-GAAP financial measures to their most comparable GAAP

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Comments (4)

Opu profile picture
04 Aug. 2021
This was a pretty good CC. ICHR is not seeing the same headwinds as UCTT, and as such, I fail to understand why market sold off the shares couple of %s AH. I hope it climbs up above 50 soon enough. There was some weird action Monday, when it was up to 53 at open, and kept falling down to end at 49. Does anyone following know of any causality other than UCTT ER?
04 Aug. 2021
@Opu seems like UCTT’s report was at least as good as ICHR, arguably better.
Opu profile picture
04 Aug. 2021
@nsbm Yeah, I read that too.. not bad imo - nothing that I could find for such a sell-off. I think the market is trying to foresee the cyclical semic top? and thinking that WFE/gas-flows top before that? Or just profit-taking and rotation..
04 Aug. 2021
@Opu with semiconductor shortages and secular trends, it’s difficult to imagine that it’s a semi cycle peak.
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