MKS Instruments, Inc. (NASDAQ:MKSI) Q3 2023 Earnings Call Transcript

Seth Bagshaw: Yes, thanks. And so we kind of asked for guidance looking out in 2024. So probably can’t give you that type of details. But obviously the Q3 kind of gives you a snapshot at certain those revenue levels, what type of cash flow comes off the business. So you got to have that view in mind. As John mentioned, we think semi is kind of at the trough levels or at least low levels for sure, historically speaking, certainly in the NAND environment. So we think that’ll over know be an opportunity for us. But I would say fundamentally it’ll be revenue driven. We will work hard on working capital efficiency. We think we have more opportunity in certain areas that we’re working on pretty hard right now. But I would say it’s really revenue profitability driven and then working capital management.

And you saw in the Q3 results we work very hard to deliver really quite strong results given the environment. So, I think those are things I would focus on, the things we’re kind of working pretty hard and that’s been our playbook historically speaking.

Sidney Ho: Okay, thank you.

Seth Bagshaw: Yep. Thanks, Sidney.

Operator: I am showing no further questions at this time. So this concludes the question-and-answer session. I would now like to turn it back to David Ryzhik with closing remarks.

David Ryzhik: Thank you for joining us today and for your interest in MKS. Operator, you may close the call, please.

Operator: Thank you for your participation in today’s conference. This does conclude the program and you may now disconnect.