By Josh Beckerman
Shares of Ichor Holdings dropped after the company reported quarterly adjusted earnings below its guidance and said its chief executive agreed to a transition plan.
The stock fell 21%, to $15.90, in after-hours trading Monday. It is down about 37% since the start of the year.
Ichor, which provides fluid delivery subsystems and components for semiconductor capital equipment, posted adjusted earnings of 3 cents a share, compared with 5 cents a year earlier and May guidance of 10 cents to 22 cents. Revenue was $240.3 million, up from $203.2 million a year earlier. Guidance was $225 million to $245 million.
The company said it has had a relatively steady customer-demand environment year-to-date and said it expects to continue to outperform the expected growth of the wafer fab equipment industry this year. Ichor expects third-quarter revenue between $225 million and $245 million.
Ichor said it would engage a search firm to find a new chief executive after Jeff Andreson, the company's current chief executive, agreed to a transition plan. Andreson will remain CEO until a successor is named and then serve as executive advisor through August 2026.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
August 04, 2025 18:31 ET (22:31 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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