Micro-Mechanics (5DD.SI) stock is soaring 5.62% in intraday trading, following the company's announcement of impressive third-quarter results for fiscal year 2025 and the appointment of a new CEO. The semiconductor tooling manufacturer's shares have rallied as investors respond positively to the company's strong financial performance and leadership transition.
For the third quarter ended March 31, 2025, Micro-Mechanics reported a substantial 72.6% year-over-year increase in net profit, reaching $3.18 million. The company's revenue also saw significant growth, rising 17.3% to $15.96 million compared to the same period last year. Notably, sales from the Wafer Fabrication Equipment (WFE) segment surged by 95.7% year-over-year to $4.0 million, contributing 25.4% to the group's overall revenue. The robust performance was attributed to sustained momentum in key product areas and improved margins in the WFE sector.
In addition to the strong financial results, Micro-Mechanics announced a change in leadership. Current CEO Chris Borch will step down effective June 30, 2025, to be succeeded by his son, Kyle Borch, starting July 1. Chris Borch will remain with the company as executive chairman. This succession plan, coupled with the company's solid financial position and positive outlook, has further boosted investor confidence in Micro-Mechanics' future prospects.
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