Business Context and Reporting Period
Company: Ichor Holdings, Ltd.
Filing Type: Form 8-K (Current Report)
Date of Report: February 2, 2021
Reporting Period: Fourth Quarter and Fiscal Year 2020
Context: The Company issued a press release announcing financial results for the fourth quarter and full fiscal year 2020. A conference call was held to discuss these results.
Key Financial Metrics
The provided Form 8-K text serves as a cover document referencing a press release (Exhibit 99.1) containing the detailed financial data. The filing text itself does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. The Company utilizes non-GAAP measures including non-GAAP gross profit, operating income, net income, diluted EPS, and free cash flow, with reconciliations to GAAP measures included in the referenced press release.
Material Changes
The filing text does not contain specific data regarding material changes versus the prior comparable period. Investors must refer to the attached press release (Exhibit 99.1) for comparative analysis of the fourth quarter and fiscal year 2020 results.
Guidance, Outlook, and Risks
- Management Commentary: The Company held a webcast conference call on February 2, 2021, at 1:30 p.m. PST to discuss the results.
- Disclosure Policy: The Company uses the "Investors" section of its website (ir.ichorsystems.com) to disclose material non-public information in compliance with Regulation FD.
- Legal Status of Information: Information furnished under Item 2.02 and Exhibit 99.1 is not deemed "filed" for purposes of Section 18 of the Exchange Act and is not subject to the liabilities of that section, nor is it incorporated by reference into other filings unless expressly stated.
Important Facts for Investor Verification
- Verify the specific revenue, net income, and EPS figures in the press release (Exhibit 99.1) as they are not listed in the 8-K text.
- Review the reconciliation of non-GAAP measures to GAAP measures provided in the press release to understand adjustments made to financial results.
- Confirm the details of the conference call discussion regarding the outlook for the upcoming fiscal year.
- Note that the filing is an Emerging Growth Company report (indicated by the checkmark in the source text).