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Apr 02, 2022
Entegris Q1 2022 Earnings Report
Entegris reported a record performance in Q1 2022, with significant growth across all divisions due to robust industry conditions and increased wafer production at the leading edge.
Key Takeaways
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.
First-quarter revenue reached $650 million, a 27% increase year-over-year.
GAAP diluted EPS for the first quarter was $0.92, up by 48%.
Non-GAAP diluted EPS for the first quarter increased by 51% to $1.06.
The company is raising its outlook for the full year 2022 due to robust industry growth and expected record demand.
Forward Guidance
For the second quarter ending April 2, 2022, the Company expects sales of $660 million to $680 million, net income of $92 million to $99 million and diluted earnings per common share between $0.67 and $0.72. On a non-GAAP basis, the Company expects diluted earnings per common share to range from $1.02 to $1.07, reflecting net income on a non-GAAP basis in the range of $140 million to $147 million.
Positive Outlook
- Sales of $660 million to $680 million
- Net income of $92 million to $99 million
- Diluted earnings per common share between $0.67 and $0.72
- Non-GAAP diluted earnings per common share to range from $1.02 to $1.07
- Net income on a non-GAAP basis in the range of $140 million to $147 million
Historical Earnings Impact
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Avg. Return Before/After Earnings
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