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Apr 03, 2021
Entegris Q1 2021 Earnings Report
Reported an increase in revenue and earnings per share compared to the same quarter last year.
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
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