Axcelis reports record FY2023 revenue $1.13B (+23% YoY); Q1 2024 guidance ~$242M

AXCELIS TECHNOLOGIES INC

2023-FY EPS reported $7.43 revenue$1,130,604,000

Full year 2023 revenue $1.13B (record), systems revenue $883.6M, diluted EPS $7.43 vs $5.46 in 2022.
Q4 2023 revenue $310.3M, diluted EPS $2.15, bookings $235.5M, systems backlog $1.2B.
Q1 2024 guidance: revenue ~$242M, operating profit ~$45M, diluted EPS ~$1.22, gross margin ~43.5%.
Full year 2024 revenue expected similar to 2023, weighted to second half; year-end cash flow robust.
CEO highlights record Purion Power Series demand; CFO reaffirms $1.3B revenue model target for 2025.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

AXCELIS TECHNOLOGIES INC reported the fourth quarter ended December 31, 2023 results: revenue $310.3 million, net income $71.1 million, EPS $2.15 per diluted share. Guidance initiated.

Period: the fourth quarter ended December 31, 2023
Revenue: $310.3 million
Net income: $71.1 million
EPS: $2.15 per diluted share
Guidance: initiated
Result: reported results

Exact text from the filing

The Company reported fourth quarter revenue of $310.3 million, compared to $292.3 million for the third quarter of 2023. Operating profit for the quarter was $79.1 million, compared to $71.7 million for the third quarter. Net income for the quarter was $71.1 million, or $2.15 per diluted share, compared to $65.9 million, or $1.99 per diluted share in the third quarter.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

AXCELIS TECHNOLOGIES INC reported the full year 2023 results: revenue $1.13 billion, net income $246.3 million, EPS $7.43. Guidance initiated.

Period: the full year 2023
Revenue: $1.13 billion
Net income: $246.3 million
EPS: $7.43
Guidance: initiated
Result: reported results

Exact text from the filing

For the full year 2023, the Company reported revenue of $1.13 billion, compared with $920 million for the full year 2022, an increase of 23% and a company record. Systems revenue for the year was $883.6 million, compared to $692.1 million in 2022, an increase of 28%, also a company record. Operating profit was $265.8 million in 2023, compared to $212.4 million in 2022, a 25% increase and a company record. Net income for the year was $246.3 million with diluted earnings per share of $7.43, compared to net income of $183.1 million and diluted earnings per share of $5.46 in 2022

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AXCELIS TECHNOLOGIES INC filing history →

Source: SEC EDGAR

accession 0001104659-24-011628

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