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Jul 02, 2022
Entegris Q2 2022 Earnings Report
Reported strong second-quarter results with revenue growth and solid operational execution.
Key Takeaways
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.
Second-quarter revenue reached $692 million, a 21% increase from the previous year.
GAAP diluted EPS for the second quarter was $0.73, reflecting a 12% increase.
Non-GAAP diluted EPS for the second quarter was $1.00, an 18% increase year-over-year.
The acquisition of CMC Materials was completed on July 6, 2022.
Entegris
Entegris
Forward Guidance
For the third quarter ending October 1, 2022, the company expects sales (for the combined company) of $1.00 billion to $1.04 billion and EBITDA of approximately 30 percent of sales.