What is FormFactor's systems — restructuring expected cost?

FormFactor (FORM) reported systems — restructuring expected cost of $2.9M in Q3 2022.

What does systems — restructuring expected cost mean?

The estimated costs for reorganizing or downsizing operations within the Systems segment.

How do you interpret systems — restructuring expected cost?

An increase suggests management is taking corrective action to improve efficiency, though it may signal short-term operational challenges.

How does systems — restructuring expected cost compare across companies?

Similar to restructuring or transformation charges reported by technology hardware companies undergoing operational pivots.

FormFactor FORM Systems — Restructuring expected cost

Discontinued — last reported Q3 '22

Similar metrics at other companies

FLSOperating Segments — Restructuring Costs

$8.59M—

RRXIndustrial Systems — Restructuring Charges

$0—

ESIOperating Segments — Restructuring Costs

$7.1M-41.3%

RRXCommercialand Industrial Systems — Restructuring Costs

$1.3M-23.5%

FISOperating Segments — Restructuring Charges

$11.25M—

RRXCommercial Systems — Restructuring And Restructuring Related Costs

$475K-69.8%

Other financials

Income statement

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Revenue$226.1M+32.0%

Gross profit$86.8M+34.5%

Operating income$16.6M+409%

Net income$20.4M+218%

EPS (diluted)$0.26+225%

Balance sheet

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Cash & equivalents$126.4M-5.1%

Total debt$31.9M-14.9%

Total equity$1.1B+9.6%

Total assets$1.3B+8.6%

Cash flow

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Operating cash flow$45.0M+91.0%

CapEx$15.2M-18.3%

Free cash flow$29.8M+501%

Valuation

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Market cap$11.66B+244%

Enterprise value$11.56B+256%

P/E170.6×+108×

P/S13.9×+9.5×

Profitability

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Gross margin39.4%-1.0pp

Operating margin8.4%+2.3pp

Net margin8.1%+1.1pp

FCF margin4.4%-4.1pp

Returns & leverage

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Return on equity6.8%+1.0pp

Debt / equity0×0.0×

Current ratio4.5×+0.1×

Where this comes from

Reported directly by FormFactor in its filing.

Tagged under the XBRL concept us-gaap:RestructuringAndRelatedCostExpectedCost1.

The official record: FormFactor’s 10-Q, filed November 1, 2022, on SEC EDGAR. View the filing →

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Questions, answered.

What is FormFactor's systems — restructuring expected cost?: FormFactor (FORM) reported systems — restructuring expected cost of $2.9M in Q3 2022.
What does systems — restructuring expected cost mean?: The estimated costs for reorganizing or downsizing operations within the Systems segment.
How do you interpret systems — restructuring expected cost?: An increase suggests management is taking corrective action to improve efficiency, though it may signal short-term operational challenges.
How does systems — restructuring expected cost compare across companies?: Similar to restructuring or transformation charges reported by technology hardware companies undergoing operational pivots.