Ichor Holdings, Ltd. (ICHR) announced on Monday that its preliminary earnings per share for the fourth quarter are anticipated to fall below previous projections. However, revenue is predicted to reach the higher end of the company's forecasted range.
Following the announcement, the company's shares initially dropped by 3.59%, trading at $30.85.
The company anticipates its preliminary quarterly revenue to be approximately $233 million.
Looking ahead to the first quarter of 2025, Ichor Holdings projects revenue to be in the range of $235 million to $250 million.
Additionally, the company noted that its gross margin for the fourth quarter is expected to be adversely affected by increased direct manufacturing labor costs.
