other material
confidence high
sentiment neutral
materiality 0.70
Ichor files IMG Companies financials; acquired firm had $48.4M revenue in 2020
ICHOR HOLDINGS, LTD.
- IMG Companies (acquired by Ichor in Nov 2021) reported 2020 net sales of $48.4M and net income of $4.96M.
- IMG had total assets of $80.0M, with long-term debt (net) of $34.4M as of Dec 31, 2020.
- Ichor also filed unaudited IMG financials for 9 months ended Sep 30, 2021 and pro forma combined statements.
- Acquisition consideration includes an earn-out agreement ($2.06M current liability) and seller note ($2.32M total).