Kirby McInerney LLP is Investigating Potential Shareholder Claims Against Ichor Holdings, Inc. (ICHR)
NEW YORK--(BUSINESS WIRE)--The law firm of Kirby McInerney LLP reminds investors that the firm is investigating potential claims against Ichor Holdings, Inc. ('Ichor' or the 'Company') (NASDAQ:ICHR). The firm's ongoing investigation concerns whether Ichor and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices.
[Click here to learn more about the investigation ]
On May 5, 2025, Ichor released its first quarter 2025 financial results, missing EPS and revenue consensus estimates and reporting gross margin of 12.4%, below the forecasted midpoint of 14.5%. The Company explained 'In Q1, our strategy did not materialize into the margin flow through we anticipated, essentially because we ended up purchasing far more external supply than we had forecasted.' On this news, the price of Ichor shares declined by $4.84 per share, or approximately 23%, from $20.84 per share on May 5, 2025, to close at $16.00 on May 6, 2025.
If you purchased or otherwise acquired Ichor securities, have information, or would like to learn more about this investigation, contact Thomas W. Elrod of Kirby McInerney LLP by email at investigations@kmllp.com, or fill out the contact form below to discuss your rights or interests with respect to these matters without any cost to you.
Kirby McInerney LLP is a New York-based plaintiffs' law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm's efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
24 minutes ago
- Yahoo
Hudson's Bay Signs Lease Deal With Chinese Billionaire
Hudson's Bay has entered into a definitive agreement to sell up to 28 leases in Ontario, Alberta and British Columbia to Ruby Liu Commercial Investment Corp., a company operating shopping centers in Canada and Asia and controlled by billionaire Ruby Liu. According to information from the Toronto-based Hudson's Bay, Liu intends to launch 'a new modern department store concept' in Canada. She would, however, be unable to operate the stores under the Hudson's Bay banner considering earlier this month the intellectual property of Hudson's Bay was purchased by Canadian Tire Corp., one of Canada's largest retailers, unless some agreement was worked out. Canadian Tire spent 30 million Canadian dollars to own the time-honored HBC stripes and various company names, logos, designs, coat of arms and brand trademarks. More from WWD 'Blooms' Installation on Fifth Avenue to Debut a New Rose Variety New York's Fifth Avenue Transformation Gets Fully Funded With $400 Million Resurrecting Hudson's Bay, in a Limited Way Hudson's Bay filed for creditor protection under the CCAA in March, citing over $1.1 billion in debt. Despite efforts to restructure, the company initiated full liquidation after failing to secure necessary financing. Liu is the chairwoman of Central Walk, which develops and operates commercial real estate in Asia and Canada, including the Mayfair Shopping Centre in Victoria, and Tsawwassen Mills Outlet Shopping Mall and Woodgrove Centre in Nanaimo, British Columbia. Three of the leases sought by Liu are in those three shopping centers in Canada. The locations of the other leases as of yet have not been disclosed. Terms of the agreement were also not disclosed. Liu has a reputation for bringing a variety of events and experiences to her company's mall properties, which offer more than just dining and shopping. She entered Canada's commercial real estate market five years ago by purchasing the Woodgrove Centre in Nanaimo. It is believed that the mall is up for sale. In 2021, Liu purchased the Mayfair Shopping Centre in Victoria. A year later she bought Tsawwassen Mills mall in Vancouver. Liu's pending acquisition of the leases is the result of a bidding process where the court determined that the transaction would be in the best interests of Hudson's Bay and its stakeholders and creditors. The company remains in discussions with other bidders regarding certain other lease locations. The deal with Liu requires the approval of the court and the landlords. Currently, Hudson's Bay is liquidating all of its 80 stores, a process expected to be completed next month. The liquidations will cost approximately 8,000 workers in Canada their jobs. Among Hudson's Bay's key locations are those in downtown Toronto on Queen Street; the Yorkdale Shopping Center in Toronto; the Hillcrest Mall in Richmond Hill, Ontario; in downtown Montreal; in Laval and in Pointe-Claire, both cities in Quebec. Hudson's Bay was part of the same retail group that was led by Richard Baker and owned Saks Fifth Avenue and Saks Off 5th. But when Saks purchased the Neiman Marcus Group in December in a $2.7 billion deal, Hudson's Bay was separated from the operation. Baker's NRDC Equity Partners bought Hudson's Bay in 2008 for around $1 billion from the widow of South Carolina industrialist Jerry Zucker, who bought Hudson's Bay two years before for $1.1 billion. Best of WWD Macy's Is Closing 66 Stores in 2025 — Here's the List, Live Updates Inside the Demise of Lord & Taylor COVID-19 Spikes Elevate Retail Concerns
Yahoo
29 minutes ago
- Yahoo
Zscaler Inc (ZS) Q3 2025 Earnings Call Highlights: Strong Growth Amid Economic Challenges
Revenue: $678 million, up 23% year over year and 5% sequentially. Annual Recurring Revenue (ARR): Approximately $2.9 billion, representing 23% year-over-year growth. Remaining Performance Obligations (RPO): $4.978 billion, up 30% year over year. Calculated Billings: $785 million, up 25% year over year. Gross Margin: 80.3%, compared to 81.4% in the year-ago quarter. Operating Margin: Approximately 22%, comparable year over year. Free Cash Flow Margin: 18%, including data center CapEx at 11% of revenue. Cash and Cash Equivalents: Approximately $3 billion. Guidance for Q4 Revenue: $705 million to $707 million, reflecting approximately 19% year-over-year growth. Full-Year Fiscal 2025 Revenue Guidance: $2.659 billion to $2.661 billion, reflecting approximately 23% year-over-year growth. Full-Year Fiscal 2025 Free Cash Flow Margin Guidance: Approximately 25.5% to 26%. Warning! GuruFocus has detected 4 Warning Sign with ZS. Release Date: May 29, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Zscaler Inc (NASDAQ:ZS) achieved its best Q3 with TCV bookings of over $1 billion and remaining performance obligations nearing $5 billion. The company reported a strong year-over-year growth in new logo ACV of over 40% and total new ACV up double digits. Zscaler Inc (NASDAQ:ZS) maintained a robust annual recurring revenue (ARR) of approximately $2.9 billion, marking the third consecutive quarter of 23% year-over-year growth. The company's free cash flow margin of 28% combined with a 24% revenue growth resulted in a Rule of 52 performance, surpassing the industry benchmark of Rule of 40. Zscaler Inc (NASDAQ:ZS) continues to expand its platform with significant growth in Zero Trust Everywhere, Data Security Everywhere, and Agentic Operations, with these categories approaching $1 billion in ARR. The macroeconomic environment remains challenging, with ongoing economic uncertainty causing customers to be cautious about IT spending. Zscaler Inc (NASDAQ:ZS) faces increased scrutiny of large deals, which could impact the timing and closure of significant contracts. The company's total gross margin decreased to 80.3% from 81.4% in the year-ago quarter, influenced by the introduction of new products optimized for faster go-to-market rather than margins. There is potential variability in the dollar-based net retention rate due to the company's success in selling bigger bundles and faster upsells, which could affect future metrics. The acquisition of Red Canary, valued at $675 million, is expected to be largely neutral to FY26 consensus operating margin, indicating limited immediate financial benefit. Q: How does Zscaler manage the expanding product portfolio and ensure sales focus, especially with the introduction of Z-Flex? A: Jay Chaudhry, CEO, explained that Zscaler uses a two-tier model where the core sales team covers all products with an account-centric approach, while specialized take-off teams focus on newer product areas. Z-Flex, a flexible purchasing program, evolved from customer demand for modularity and flexibility, allowing them to try and swap modules without repeated procurement cycles. The program has already contributed over $65 million in TCV bookings in its first quarter. Q: How is the macroeconomic environment affecting Zscaler's business, and what trends are being observed? A: Jay Chaudhry noted that while the overall spending environment remains challenging with tight budgets, cybersecurity, particularly Zero Trust architecture and AI security, remains a priority. Zscaler did not experience a softer April, likely due to not selling security appliances. The company continues to work closely with customers to reduce costs and become a strategic partner, translating into ARR growth. Q: Can you explain the structure and impact of Z-Flex deals on Zscaler's financial metrics? A: Remo Canessa, CFO, stated that Z-Flex deals are structured to provide customers with flexibility in adopting and swapping modules at predetermined pricing, reducing procurement cycles. These deals are typically longer in duration, moving from three to four or five years. Zscaler plans to transition from billing to ARR as a primary metric in fiscal '26, which aligns with the flexibility offered by Z-Flex. Q: How does the acquisition of Red Canary fit into Zscaler's strategy, and what benefits does it bring? A: Jay Chaudhry highlighted that Red Canary accelerates Zscaler's vision to become a leading player in the SOC market. The acquisition brings experienced detection and threat intel engineers, sophisticated agentic AI technology, and a seasoned go-to-market team. This complements Zscaler's existing data-fabric technology and enhances its security operations solutions. Q: What role does branch connector play in new customer wins, and how is it contributing to Zscaler's growth? A: Jay Chaudhry explained that the branch connector, now a plug-and-play appliance, simplifies branch infrastructure by integrating Zero Trust Branch connectivity and device segmentation. It has been instrumental in attracting new customers, with 59% of Zero Trust Branch buyers being new logos. The solution addresses customer pain points by eliminating the need for multiple legacy network devices. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Yahoo
34 minutes ago
- Yahoo
Hamilton Lane Inc (HLNE) Q4 2025 Earnings Call Highlights: Strong Growth in AUM and Fee-Related ...
Total Asset Footprint: $958 billion, a 4% increase year over year. Assets Under Management (AUM): $138 billion, up $14 billion or 11% from the prior year. Assets Under Advisement (AUA): $819 billion, increased by $23 billion or 3% year over year. Total Management and Advisory Fees: $514 million, a 14% increase year over year. Fee-Related Earnings: $276 million, a 34% increase from the prior year. GAAP EPS: $5.41 based on $217 million of GAAP net income. Non-GAAP EPS: $5.04 based on $274 million of adjusted net income. Annual Fiscal Dividend: Increased by 10% to $2.16 per share. Total Fee-Earning AUM: $72 billion, up $6 billion or 10% from the prior year. Specialized Fund Fee-Earning AUM: $33 billion, a 16% increase. Incentive Fees: $199 million, up 95% year over year. Unrealized Carry Balance: $1.3 billion, up 3% from the prior year. Total Expenses: Increased by $88 million compared to the prior year. Fee-Related Earnings (FRE) Margin: 48%, compared to 45% in the prior year. Warning! GuruFocus has detected 2 Warning Sign with HLNE. Release Date: May 29, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Hamilton Lane Inc (NASDAQ:HLNE) reported a 4% increase in total asset footprint year over year, reaching $958 billion. AUM grew by $14 billion or 11% compared to the prior year, driven by specialized funds and customized separate accounts. Total management and advisory fees increased by 14% year over year, reaching $514 million. The company approved a 10% increase in its annual fiscal dividend, marking the eighth consecutive annual double-digit percentage increase since 2017. Hamilton Lane Inc (NASDAQ:HLNE) saw record deal flow across secondaries and direct investing in 2024, indicating strong market positioning. Exit activity remains relatively muted, impacting overall deal doing in the market. Both contributions and distributions from LPs are below historical averages, indicating a challenging fundraising environment. Holding periods are extending due to a relatively depressed exit environment, affecting capital return to investors. The separate account business has been impacted by macroeconomic conditions, with fee-paying AUM remaining range-bound for several quarters. Institutional fundraising is tricky due to slow capital return, causing exposure issues and reducing the need for redeployment. Q: How does the margin outlook under the new reporting regime look relative to history? Is it still stable, or do we see changes based on the reporting changes that you've made? A: Erik Hirsch, Co-Chief Executive Officer, explained that the margin compared to the prior margin is up due to moving certain items below the line. However, the macro view on margin remains unchanged, and they expect it to stay stable. The company continues to invest in the business for future growth, including creating new evergreen products and expanding the team. Q: Are the fees to intermediaries on new products changing versus the fees on pre-existing products? Are you seeing demands change by distribution? A: Erik Hirsch noted that distribution fees are predominantly in the wires, which are largely US-centric. Most non-US flows are outside of wires and thus outside of distribution fees. The fees are typically upfront, with no significant changes observed. Q: What are your expectations for fee-related earnings (FRE) margin under the new methodology? A: Jeffrey Armbrister, Chief Financial Officer, stated that the FRE margin is expected to be in the high 40% range. The margin for the recent quarter was about 43%, and they expect it to remain stable annually, despite quarterly fluctuations. Q: What factors will drive growth in the fee-paying AUM within separate accounts, which has been range-bound for several quarters? A: Erik Hirsch explained that the separate account business has been impacted by macroeconomic factors, with investors waiting for market normalization. The company has a strong pipeline and contracted capital that hasn't yet flowed in, which they believe will drive growth as markets stabilize. Q: How do you view the institutional interest in evergreen funds, and could this lead to fee compression over time? A: Erik Hirsch mentioned that institutional interest in evergreen funds is still in the early stages, with no current signs of fee compression. Institutions are attracted to the cost efficiency and performance benefits of evergreen funds, and the company sees this as a positive trend. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
