Entegris posted Q1 2025 results in line with guidance, reporting modest revenue growth and solid adjusted earnings per share, driven by demand for CMP consumables and contamination control solutions.
Entegris reported Q4 2024 results with net sales of $850 million, a 5% increase from the prior year. Adjusted net sales increased by 11%. GAAP diluted EPS was $0.67, and non-GAAP diluted EPS was $0.84. The company outperformed the market and demonstrated leverage in its model with EBITDA growth that was twice the rate of sales growth.
Entegris reported a decrease in net sales of 9% year-over-year, with a reported revenue of $808 million. However, adjusted net sales, excluding divestitures, increased by 7% from the prior year. The company's GAAP diluted EPS was $0.51, and non-GAAP diluted EPS was $0.77.
Entegris reported net sales of $813 million for Q2 2024, a 5% increase sequentially. GAAP diluted EPS was $0.45, and non-GAAP diluted EPS was $0.71. The company expects a gradual recovery in the semiconductor market in the second half of the year and anticipates strong growth acceleration into 2025.
Entegris reported net sales of $771 million for Q1 2024, a 16% decrease from the prior year, but at the high end of their guidance. GAAP diluted EPS was $0.30, and non-GAAP diluted EPS was $0.68. The company sold its Pipeline and Industrial Materials (PIM) business and paid down over $400 million of debt.
Entegris reported Q4 2023 net sales of $812.3 million, a 14% decrease year-over-year. GAAP net income was $38.0 million, or $0.25 per diluted share, while non-GAAP net income was $97.9 million, or $0.65 per diluted share. The company outperformed the market by 6 points for the year and paid off $1.3 billion of debt.
Entegris reported third-quarter revenue of $888 million, a decrease of 11% from the prior year and 1% sequentially. GAAP diluted EPS was $0.22, and non-GAAP diluted EPS was $0.68. The company is managing costs effectively while making critical investments for the future.
Entegris reported second-quarter sales of $901.0 million, a 30% increase from the same quarter last year. GAAP net income was $197.6 million, or $1.31 income per diluted share, while non-GAAP net income was $99.6 million, or $0.66 per diluted share. The company is on track to achieve its $75 million run-rate cost synergy target by the fourth quarter.
Entegris reported first-quarter sales of $922.4 million, a 42% increase from the same quarter last year. GAAP net loss was $88.2 million, or $0.59 loss per diluted share, while non-GAAP net income was $97.8 million, or $0.65 earnings per diluted share.
Entegris reported a solid fourth quarter, with revenue of $946 million, a 49% increase from the same quarter last year. GAAP net income was $57.4 million, or $0.38 earnings per diluted share, while non-GAAP net income was $124.5 million, or $0.83 earnings per diluted share.
Entegris reported third-quarter revenue of $994 million, a 71% increase year-over-year. GAAP diluted EPS was ($0.50), while non-GAAP diluted EPS was $0.85. The company is progressing with the integration of CMC Materials and expects strong growth for the full year 2022, exceeding market performance.
Entegris reported a strong second quarter with a 21% increase in revenue compared to the prior year. GAAP diluted EPS increased by 12%, and non-GAAP diluted EPS increased by 18%. The acquisition of CMC Materials closed on July 6, 2022, and its results are not included in the second quarter results.
Entegris reported a record performance in the first quarter of 2022. First-quarter sales were $649.6 million, an increase of 27% from the same quarter last year. First-quarter GAAP net income was $125.7 million, or $0.92 per diluted share. Non-GAAP earnings per diluted share was $1.06.
Entegris reported fourth-quarter sales of $635.2 million, an increase of 23% from the same quarter last year. Fourth-quarter GAAP net income was $118.2 million, or $0.87 per diluted share, and non-GAAP earnings per diluted share was $0.96.
Entegris reported strong third-quarter results with sales of $579.5 million, a 20% increase from the same quarter last year. GAAP net income was $117.5 million, or $0.86 per diluted share, while non-GAAP net income was $125.4 million, or $0.92 per diluted share.
Entegris reported strong second-quarter results with a 27% increase in revenue compared to the prior year, driven by accelerating demand for its product lines. The company's GAAP diluted EPS increased by 30%, and non-GAAP diluted EPS increased by 42%.
Entegris reported a strong first quarter with revenue of $512.8 million, a 24% increase year-over-year. GAAP diluted EPS was $0.62, up 38%, and non-GAAP diluted EPS was $0.70, a 27% increase. The company's performance was driven by accelerating industry conditions and strong demand for its leading-edge solutions.
Entegris reported a record year in sales, EBITDA, and EPS, driven by wins in new technology nodes and overall demand for its products and solutions. Fourth-quarter sales were $517.6 million, an increase of 21% from the same quarter last year. Fourth-quarter GAAP net income was $86.6 million, or $0.63 per diluted share. Non-GAAP net income was $97.1 million and non-GAAP earnings per diluted share was $0.71.
Entegris reported strong third-quarter results with revenue of $481.0 million, a 22% increase from the prior year. GAAP diluted EPS increased by 93% to $0.58, and non-GAAP diluted EPS increased by 34% to $0.67.
Entegris reported strong second-quarter results, with revenue of $448.4 million, an 18% increase from the prior year. GAAP diluted EPS was $0.50, while Non-GAAP diluted EPS was $0.60, a 54% increase.
Entegris reported first-quarter sales of $412.3 million, a 5% increase from the same quarter last year. GAAP net income was $61.0 million, or $0.45 per diluted share, while non-GAAP net income was $75.6 million and non-GAAP net income per diluted share was $0.55.
Entegris reported fourth-quarter sales of $427.0 million, an increase of 6% from the same quarter last year. GAAP fourth-quarter net income was $57.4 million, or $0.42 per diluted share. Non-GAAP net income was $74.6 million and non-GAAP net income per diluted share was $0.55.