Loading...
•
Mar 30, 2024
Entegris Q1 2024 Earnings Report
Entegris' financial performance was reported for Q1 2024, with sales at the high end of guidance and non-GAAP EPS above guidance.
Key Takeaways
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.
Net sales reached $771 million, a 16% decrease year-over-year but within the high end of guidance.
GAAP diluted EPS was reported at $0.30.
Non-GAAP diluted EPS exceeded guidance at $0.68.
The Pipeline and Industrial Materials (PIM) business was sold, and over $400 million of debt was paid down.
Revenue by Segment
Forward Guidance
For the second quarter ending June 29, 2024, Entegris expects sales of $790 million to $810 million. GAAP net income is projected to be $64 million to $71 million, with diluted earnings per common share between $0.42 and $0.47. Non-GAAP diluted earnings per common share are expected to range from $0.68 to $0.73, and adjusted EBITDA is anticipated to be approximately 28% of sales.
Positive Outlook
- Sales are expected to be between $790 million and $810 million.
- GAAP net income is projected to be $64 million to $71 million.
- Diluted earnings per common share are expected to be between $0.42 and $0.47.
- Non-GAAP diluted earnings per common share are expected to range from $0.68 to $0.73.
- Adjusted EBITDA is expected to be approximately 28% of sales.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...