From GlobeNewswire: 2025-02-26 05:30:00

ACM Research, Inc. reported strong financial results for the fourth quarter and fiscal year 2024. Revenue grew by 40% and total shipments by 63%. Operating profit increased by 57.6%, generating $152 million in cash flow from operations. The company achieved major milestones in process qualification and production facility operations, looking ahead to 2025 with a focus on expanding business.

In the fourth quarter of 2024, ACM’s revenue was $223.5 million, up 31.2%, with a gross margin of 49.6%. Operating income increased by 88.2% to $44 million. Net income attributable to ACM Research, Inc. was $31.1 million, with diluted EPS of $0.46. The company continues to maintain its revenue guidance range for fiscal year 2025.

ACM Research, Inc. presents non-GAAP financial measures to supplement GAAP financial measures, excluding stock-based compensation. For the full year 2024, revenue was $782.1 million, with a gross margin of 50.1%. Operating income increased by 57.6% to $151 million. Net income attributable to ACM Research, Inc. was $103.6 million, with diluted EPS of $1.53.

ACM Research, Inc. remains focused on expanding its business in 2025, with a revenue guidance range of $850 million to $950 million. The company achieved significant growth in shipments and revenues in 2024, demonstrating strong execution and operational milestones. ACM continues to target key customer evaluations and expects to contribute incremental revenue from various products and regions.



Read more at GlobeNewswire:: ACM Research Reports Fourth Quarter and Fiscal Year 2024