Larry Sparks
Larry Sparks will retire as Chief Financial Officer ("CFO"), effective as of August 30, 2023
Highest-materiality recent filing
Revenue $294.8M, up 15% QoQ and 24% YoY; GAAP EPS $0.03, non-GAAP EPS $0.34.
Ichor Holdings enters $200M ATM equity sales agreement to repay term loan
Agreement with TD Securities, Stifel, Needham & Co., and Craig-Hallum; up to $200M in ordinary shares.
All seven director nominees elected with >98% of votes cast (excluding broker non-votes).
Ichor Q1 revenue $256M beats mid-point; guides Q2 rev $290-310M with non-GAAP EPS $0.25-0.35
Revenue $256.1M, above guidance mid-point; up 15% sequentially and 4.7% YoY.
Ichor Q4 rev $223.6M, GAAP EPS ($0.46); FY 2025 sales +11.6% YoY; Q1'26 rev guide $240-260M
Q4 GAAP net loss $16M, EPS ($0.46); non-GAAP EPS $0.01.
Ichor prelim Q4 results slightly above midpoint; Q1 rev outlook at least $240M
Q4 2025 preliminary revenue and gross margin slightly above midpoint of prior guidance (Nov 3, 2025).
Ichor Q3 GAAP EPS -$0.67, revenue $239M; Q4 guide sees lower revenues and EPS
GAAP net loss $22.9M ($0.67 diluted EPS) vs $2.8M loss ($0.08) in Q3 2024.
Ichor Holdings CEO Jeffrey Andreson resigns, CTO Phil Barros promoted to CEO effective Nov 3, 2025
Jeffrey Andreson resigned as CEO and director effective Nov 3; not due to any disagreement with the company.
New $125M term loan and $100M revolving credit facility replace prior credit agreement.
Ichor announces CCO transition to advisor; appoints new SVP Sales & Marketing
Christopher Smith steps down as CCO, becomes Strategic Advisor to CEO effective Sep 2, 2025; stays up to six months.
Ichor CEO Jeff Andreson to step down; board initiates search for successor
Andreson continues as CEO until successor named, then serves as Executive Advisor through Aug 2026.
Ichor Q2 revenue $240.3M above mid-point guidance; GAAP EPS -$0.28, non-GAAP $0.03
Revenue $240.3M, above mid-point of prior guidance; vs $244.5M Q1-2025 and $203.2M Q2-2024.
Ichor shareholders elect nine directors and approve 2025 incentive plan at AGM
All nine director nominees elected; Thomas Rohrs got 29.9M votes for, 298K against.
Ichor Q1 revenue $244.5M, GAAP EPS $(0.13), non-GAAP EPS $0.12; Q2 guidance midpoint $235M
Revenue $244.5M, up from $201.4M YoY; GAAP net loss $(4.6M) or $(0.13) per share.
Ichor Q4 rev $233M top of guide; GAAP EPS -$0.12; Q1 guide $245M rev, $0.26 non-GAAP EPS
Q4 rev $233.3M (top of guide); GAAP net loss $3.9M (-$0.12 EPS), non-GAAP net income $2.8M ($0.08 EPS).
Ichor pre-announces Q4 revenue near guidance high but gross margin and EPS miss; Q1 outlook positive
Preliminary Q4 revenue ~$233M, at high end of guidance, up >10% sequentially vs Q3 2024.
Ichor Q3 revenue $211M above guidance; Q4 outlook $220-235M
Q3 GAAP EPS $(0.08) vs Q2 $(0.15); non-GAAP EPS $0.12 vs $0.05 Q2.
Ichor Q2 revenue $203M near upper guidance; non-GAAP EPS $0.05; Q3 guidance $195-210M
Revenue $203.2M, near upper end of guidance range; GAAP net loss $5.1M, diluted EPS $(0.15).
Ichor Holdings shareholders elect seven directors, ratify KPMG at 2024 AGM
All seven director nominees elected, with Jorge Titinger receiving 23.2M votes for and 5.5M against.
Ichor Q1 loss widens to $0.30 GAAP EPS; revenue $201M, down 11% YoY
GAAP net loss $9.0M ($0.30 diluted EPS) vs. $5k loss ($0.00) in Q1 2023.
Ichor Holdings prices $125M public offering of 3.33M shares at $37.50; net proceeds to repay debt
Offering of 3,333,334 ordinary shares priced at $37.50; underwriters have 30-day option for 500,000 additional shares.
Ichor Q4 revenue $203M at high end of guidance; GAAP EPS $(0.40) miss
Q4 revenue $203.5M (near high end of guidance); GAAP net loss $11.9M, diluted EPS $(0.40) vs $(0.36) in Q3.
Ichor Q3 revenue $196.8M (up 6% QoQ), GAAP EPS -$0.36, non-GAAP $0.07; Q4 guidance $190-205M
Revenue $196.8M at upper end of guidance, up 6% sequentially from $185M; down 45% YoY from $355.6M.
Ichor Q2 revenue $185M, GAAP EPS -$0.71, non-GAAP EPS $0.02; guides Q3 rev $185-200M
Revenue $185M (above mid-point of guidance); down 44% YoY from $329.6M in Q2 2022.
Ichor appoints Greg Swyt as CFO; Larry Sparks retires effective Aug 30, 2023
Larry Sparks retiring as CFO effective Aug 30, 2023; will assist transition for up to six months.
Ichor Holdings shareholders elect directors, approve say-on-pay and KPMG ratification at 2023 AGM
All four director nominees (Rohrs, MacKenzie, Black, Titinger) elected with >22.6M votes each.
Ichor Q1 revenue $226M; Q2 outlook sharply lower on memory weakness
Revenue $226.0M, down 23% from Q4 2022 and 23% YoY; GAAP diluted EPS $0.00.
Ichor Holdings approves 2023 compensation for named executive officers; salaries unchanged
CEO Jeffrey Andreson receives $640k salary, 100% cash bonus target, $4.8M equity (50% RSUs, 50% PSUs).
Ichor reports Q4 rev $302M, GAAP EPS $0.49; Q1 guidance sharply lower on memory/China headwinds
Q4 revenue $301.7M, up 5% YoY but down 15% from prior quarter; GAAP diluted EPS $0.49, non-GAAP $0.72.
Ichor Q4 preliminary revenue $300-302M; Q1 guidance $210-240M on WFE weakness
Preliminary Q4 2022 revenue $300-302M, YoY +5%, sequential -15%.
Ichor Holdings appoints Bruce Ragsdale as COO effective Dec 12, 2022
Bruce Ragsdale named COO, overseeing global operations and supply chain; start date December 12, 2022.
Ichor reports record Q3 rev $355.6M but guides Q4 down; cites export restrictions to China
Record revenue $355.6M, up 8% QoQ; GAAP EPS $1.00, non-GAAP EPS $1.22 (record).
Ichor Holdings COO Dr. Paul Chhabra resigns effective Aug 29, 2022
Dr. Paul Chhabra notified the company of his resignation as COO on Aug 24, 2022.
Ichor Q2 revenue $329.6M record; GAAP EPS $0.74, non-GAAP $0.98; Q3 guide $320M-$360M
Record revenue $329.6M, up 12% QoQ; gross margin 16.8% GAAP (17.0% non-GAAP), up 100bp from Q1.
Ichor Holdings appoints Jorge Titinger to board of directors
Jorge Titinger appointed to board effective June 13, 2022, bringing 30+ years of semiconductor industry leadership.
Shareholders approved board declassification (24,060,414 for, 20,974 against); annual election of all directors to start in 2025.
Ichor Q1 revenue $293M (+11% YoY) but GAAP EPS falls to $0.28 from $0.51 QoQ; cash used $36M
Revenue $293.1M (+11% YoY, +2% QoQ); GAAP net income $8.0M ($0.28 diluted EPS).
Paul Chhabra joins as COO on April 11, 2022, overseeing global operations and supply chain.
Ichor Holdings sets 2022 compensation for NEOs; CEO salary $640k, equity $4M
CEO Jeffrey Andreson: $640k salary, 100% bonus target ($640k), $4M equity award.
Ichor posts record FY2021 revenue of $1.1B; EPS $2.45 GAAP, $3.37 non-GAAP
Q4 2021 revenue $287.2M, up from $245.0M YoY; GAAP diluted EPS $0.51 vs $0.51.
Ichor files IMG Companies financials; acquired firm had $48.4M revenue in 2020
IMG Companies (acquired by Ichor in Nov 2021) reported 2020 net sales of $48.4M and net income of $4.96M.
Ichor Holdings completes $270M cash acquisition of IMG Companies
Acquired IMG Companies, LLC for $270M in cash, subject to customary closing and post-closing adjustments.
Ichor acquires IMG for $270M; expects accretion to margins and EPS in 2022
Total purchase price $270M, financed with ~$140M cash/marketable securities and $130M incremental borrowings.
Ichor Q3 revenue $263M (+15% YoY), EPS $0.64 GAAP; refinances credit facility
Q3 revenue $262.9M, up 15% YoY from $227.7M; GAAP diluted EPS $0.64 ($0.81 non-GAAP).
Ichor Q3 preliminary revenue $263M below guidance; Q4 guidance $290M record
Q3 revenue approx. $263M, below guidance due to 40% output reduction in Malaysia from COVID-19 EMCO restrictions.
Ichor Q2 revenue record $282M, EPS $0.79 GAAP / $0.90 non-GAAP; guides Q3 $290-320M
Revenue $282.3M (+27% YoY); ninth consecutive quarter of growth.
Larry Sparks will retire as Chief Financial Officer ("CFO"), effective as of August 30, 2023
Greg Swyt, currently the Company's Chief Accounting Officer, was appointed by the board of directors of the Company (the "Board") to succeed Mr. Sparks as CFO, effective as of the Transition Date.
On November 28, 2022, Ichor Holdings, Ltd. (the “Company”) announced the hiring of Bruce Ragsdale as chief operating officer (“COO”).
On August 24, 2022, Dr. Paul Chhabra notified Ichor Holdings, Ltd. (the “Company”) of his decision to resign as chief operating officer and leave the Company in order to pursue a new opportunity, effective August 29, 2022.
On June 8, 2022, Jorge Titinger was appointed to the board of directors (the “Board”) of Ichor Holdings, Ltd. (the “Company”), effective June 13, 2022.
On March 31, 2022, Ichor Holdings, Ltd. (the “Company”) announced the hiring of Paul Chhabra as chief operating officer (“COO”).
Kevin Canty, who will transition to the role of head of strategic initiatives in April 2022.
Max materiality 0.85 · Median 0.70 · Most common event earnings