MKS Instruments Inc. Files 10-Q for Period Ending March 31, 2024

TL;DR

<b>MKS Instruments Inc. filed its Q1 2024 10-Q report on May 9, 2024.</b>

AI Summary

MKS INSTRUMENTS INC (MKSI) filed a Quarterly Report (10-Q) with the SEC on May 9, 2024. MKS Instruments Inc. filed a 10-Q report on May 9, 2024, for the period ending March 31, 2024. The filing covers the first quarter of 2024. The company's fiscal year ends on December 31. MKS Instruments Inc. is located in Andover, MA, with a business phone number of 978-645-5500. The SIC code for the company is 3823, related to industrial instruments.

Why It Matters

For investors and stakeholders tracking MKS INSTRUMENTS INC, this filing contains several important signals. This 10-Q filing provides a quarterly update on the financial performance and operational status of MKS Instruments Inc. Investors and analysts can use this report to assess the company's financial health, identify trends, and make informed investment decisions.

Risk Assessment

Risk Level: low — MKS INSTRUMENTS INC shows low risk based on this filing. The filing is a standard quarterly report (10-Q) with no immediate red flags, indicating a routine disclosure of financial information.

Analyst Insight

Monitor future filings for updates on revenue, net income, and debt levels to track MKS Instruments Inc.'s financial trajectory.

Key Numbers

• 2024-03-31 — Period End Date (CONFORMED PERIOD OF REPORT)
• 2024-05-09 — Filing Date (FILED AS OF DATE)
• 3823 — SIC Code (STANDARD INDUSTRIAL CLASSIFICATION)
• 000-23621 — SEC File Number (SEC FILE NUMBER)

Key Players & Entities

• MKS INSTRUMENTS INC (company) — FILER
• 0000950170-24-057181 (other) — ACCESSION NUMBER
• 20240331 (date) — CONFORMED PERIOD OF REPORT
• 20240509 (date) — FILED AS OF DATE
• 0001049502 (company) — CENTRAL INDEX KEY
• 3823 (other) — STANDARD INDUSTRIAL CLASSIFICATION
• MA (location) — STATE OF INCORPORATION
• ANDOVER (location) — CITY

FAQ

Industry Context

MKS Instruments Inc. operates within the industrial instruments sector, providing critical components and systems for various high-tech industries.

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, requiring public companies to submit regular financial disclosures to the SEC.

What Investors Should Do

1. Review the full 10-Q filing for detailed financial statements and management discussion.
2. Analyze any disclosed risk factors or legal proceedings for potential impacts.
3. Compare Q1 2024 results with previous periods to identify performance trends.

Key Dates

• 2024-03-31: Period End Date — End of the reporting quarter for the 10-Q filing.
• 2024-05-09: Filing Date — Date the 10-Q report was officially submitted to the SEC.

Year-Over-Year Comparison

This is the initial 10-Q filing for the period ending March 31, 2024, and no prior period comparison data is available within this specific document.

Filing Documents

• mksi-20240331.htm (10-Q) — 2266KB
• mksi-ex31_1.htm (EX-31.1) — 15KB
• mksi-ex32_1.htm (EX-32.1) — 11KB
• 0000950170-24-057181.txt (&nbsp;) — 11609KB
• mksi-20240331.xsd (EX-101.SCH) — 1703KB
• mksi-20240331_htm.xml (XML) — 2499KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION ITEM 1.

FINANCIAL STATEMENTS (Unaudited)

FINANCIAL STATEMENTS (Unaudited) 3 Condensed Consolidated Balance Sheets – March 31, 2024 and December 31, 2023 3 Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) – Three Months Ended March 31, 2024 and 2023 4 Condensed Consolidated Statements of Stockholders' Equity – Three Months Ended March 31, 2024 and 2023 5 Condensed Consolidated Statements of Cash Flows – Three Months Ended March 31, 2024 and 2023 6 Notes to Unaudited Condensed Consolidated Financial Statements 7 ITEM 2.

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 25 ITEM 3.

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 38 ITEM 4.

CONTROLS AND PROCEDURES

CONTROLS AND PROCEDURES 38

OTHER INFORMATION

PART II. OTHER INFORMATION ITEM 1A.

RISK FACTORS

RISK FACTORS 39 ITEM 5. OTHER INFORMATION 39 ITEM 6. EXHIBITS 40

FINANCI AL INFORMATION

PART I. FINANCI AL INFORMATION

FINANCI AL STATEMENTS

ITEM 1. FINANCI AL STATEMENTS. MKS INSTRUMENTS, INC. CONDENSED CONSOLIDA TED BALANCE SHEETS (in millions, except per share data) (Unaudited) ASSETS March 31, 2024 December 31, 2023 Current assets: Cash and cash equivalents $ 845 $ 875 Short-term investments 1 — Accounts receivable, net of allowance for doubtful accounts of $ 7 and $ 6 at March 31, 2024 and December 31, 2023, respectively 576 603 Inventories 971 991 Other current assets 268 227 Total current assets 2,661 2,696 Property, plant and equipment, net 766 784 Right-of-use assets, net 227 225 Goodwill 2,511 2,554 Intangible assets, net 2,501 2,619 Other assets 265 240 Total assets $ 8,931 $ 9,118 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Short-term debt $ 50 $ 93 Accounts payable 290 327 Other current liabilities 381 428 Total current liabilities 721 848 Long-term debt, net 4,692 4,696 Non-current deferred taxes 622 640 Non-current accrued compensation 148 151 Non-current lease liabilities 210 205 Other non-current liabilities 114 106 Total liabilities 6,507 6,646 Commitments and contingencies (Note 16) Stockholders' equity: Preferred stock, $ 0.01 par value per share, 2 shares authorized; no shares issued and outstanding — — Common stock, no par value, 200 shares authorized; 67.1 and 66.9 shares issued and outstanding at March 31, 2024 and December 31, 2023, respectively — — Additional paid-in capital 2,201 2,195 Retained earnings 373 373 Accumulated other comprehensive loss ( 150 ) ( 96 ) Total stockholders' equity 2,424 2,472 Total liabilities and stockholders' equity $ 8,931 $ 9,118 The accompanying notes are an integral part of the unaudited condensed consolidated financial statements. 3 MKS INSTRUMENTS, INC. CONDENSED CONSOLIDATED S TATEMENTS OF OPERATIONS AND CO

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