What drives ICHR's consistent EPS growth?

Ichor Holdings (ICHR) has demonstrated a positive trend in customer demand, which has driven its consistent EPS growth. As evidenced by the company's preliminary financial results for Q4 2024 and Q1 2025 outlook, customer demand has continued to strengthen, with anticipated revenues at the high end of guidance and expectations of exceeding prior expectations. This positive trend in customer demand has likely contributed to ICHR's EPS growth.

Furthermore, ICHR's strategic decisions, such as ramping headcount and resources to address incrementally higher customer demand levels, have likely had a positive impact on its EPS growth. Despite the cost headwinds and lower gross margins experienced in Q4 2024 due to higher direct manufacturing labor costs and inventory charges, the company's outlook for Q1 2025 remains strong, with expected revenues to exceed prior expectations. This positive outlook, coupled with the company's ability to capitalize on growing customer demand, provides a solid foundation for its consistent EPS growth.