Entegris Q1 2021 Earnings Report
Key Takeaways
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.
First-quarter revenue increased 24% year-over-year to $513 million.
GAAP diluted EPS increased 38% to $0.62.
Non-GAAP diluted EPS increased 27% to $0.70.
The company expects strong demand to continue throughout the year.
Entegris
Entegris
Entegris Revenue by Segment
Forward Guidance
For the second quarter ending July 3, 2021, the Company expects sales of $530 million to $545 million, net income of $77 million to $84 million and diluted earnings per common share between $0.56 and $0.61. On a non-GAAP basis, the company expects diluted earnings per common share to range from $0.77 to $0.82, reflecting net income on a non-GAAP basis in the range of $106 million to $113 million.
Positive Outlook
- Sales of $530 million to $545 million
- Net income of $77 million to $84 million
- Diluted earnings per common share between $0.56 and $0.61
- Non-GAAP diluted earnings per common share to range from $0.77 to $0.82
- Non-GAAP net income in the range of $106 million to $113 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income