Every material Form 8-K Axcelis Technologies filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Axcelis reported third-quarter 2024 revenue of $256.6 million and diluted earnings per share of $1.49, down from $1.99 a year earlier and $1.55 in the second quarter. The company guided fourth-quarter revenue to about $245 million and EPS to about $1.25, both below third-quarter results, and disclosed that it found an error that overstated historical backlog from 2019 through the second quarter of 2024.
Q3 2024 revenue of $256.6 million, roughly flat with $256.5 million in Q2 2024 and down from $292.3 million in Q3 2023
Q3 net income of $48.6 million, or $1.49 per diluted share, versus $65.9 million, or $1.99 per diluted share, in Q3 2023
Fourth-quarter 2024 outlook: revenue of approximately $245 million and EPS of approximately $1.25
Corrected backlog as of June 30, 2024 was $879 million, versus $994 million previously reported; backlog as of September 30, 2024 was $758 million
Axcelis reported second quarter 2024 revenue of $256.5 million, up from $252.4 million in the first quarter, and net income of $50.9 million, or $1.55 per diluted share, down from $1.57 in the first quarter. For the third quarter, the company expects revenue of approximately $255 million and diluted EPS of approximately $1.43, both below second quarter results. Second quarter revenue was also below the $274.0 million reported a year earlier, and diluted EPS was down from $1.86.
Q2 2024 revenue of $256.5 million, compared with $252.4 million in Q1 2024 and $274.0 million in Q2 2023
Operating profit of $52.8 million, compared with $56.5 million in Q1 2024 and $63.7 million in Q2 2023
Q3 2024 outlook: revenue of approximately $255 million and diluted EPS of approximately $1.43
Company says Q2 revenue, operating margin and EPS exceeded its guidance for the period
Axcelis said preliminary second-quarter 2024 revenue is greater than $252 million and diluted earnings per share is greater than $1.38, above its previously issued guidance of $245 million and $1.30. The company also said it expects second-half performance to be stronger than the first half, slightly weighted toward the fourth quarter. Final results are due July 31, 2024, and the figures remain subject to revision.
Preliminary Q2 2024 revenue greater than $252 million, versus prior guidance of $245 million
Preliminary diluted EPS greater than $1.38, versus prior guidance of $1.30
Final second-quarter results to be reported July 31, 2024, before the Form 10-Q filing
2024 Investor Event scheduled for July 11, 2024, in San Francisco
At its May 9, 2024 annual meeting, Axcelis stockholders re-elected the board, approved an amendment to the charter on officer liability, ratified Ernst & Young as auditor, and passed an advisory vote on executive pay. Mary G. Puma resigned as Executive Chairperson effective at the meeting and will continue as an Executive Advisor, and the board named Jorge Titinger Non-Executive Chairperson.
Mary G. Puma resigned as Executive Chairperson effective at the May 9, 2024 annual meeting and will continue as Executive Advisor under her February 24, 2023 employment agreement.
Jorge Titinger was elected Non-Executive Chairperson of the Board on May 9, 2024, and chairs the Compensation Committee.
All nine director nominees were elected, and the charter amendment limiting officer liability under Delaware law was approved, with 23,098,183 votes for.
The advisory say-on-pay proposal passed with 93.82% of votes cast in favor.
Axcelis reported first quarter 2024 revenue of $252.4 million, down from $310.3 million in the fourth quarter of 2023 but up slightly from $254.0 million a year earlier, and net income of $51.6 million, or $1.57 per diluted share. The company said revenue, gross margin and EPS finished above its guidance for the quarter, but it forecast second quarter revenue of about $245 million and EPS of around $1.30, both below first quarter levels.
Q1 2024 revenue was $252.4 million versus $310.3 million in Q4 2023; gross margin was 46% versus 44.4%.
Net income was $51.6 million, or $1.57 per diluted share, compared with $2.15 in Q4 2023 and $1.43 in Q1 2023.
Q2 2024 outlook: revenue of about $245 million, gross margin of about 43.5%, operating profit of about $47 million and EPS of around $1.30.
Management will discuss the results on a conference call on May 2, 2024, at 8:30 a.m. ET.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Axcelis Technologies filing is on SEC EDGAR ↗. 8-K briefs of other companies →