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Sep 26, 2020
Entegris Q3 2020 Earnings Report
Entegris' third-quarter performance was driven by accelerated demand for leading-edge solutions in advanced technology nodes and the acquisition of GMTI.
Key Takeaways
Entegris reported strong third-quarter results with revenue of $481.0 million, a 22% increase from the prior year. GAAP diluted EPS increased by 93% to $0.58, and non-GAAP diluted EPS increased by 34% to $0.67.
Third-quarter revenue increased 22% from the prior year.
GAAP diluted EPS increased 93% year-over-year.
Non-GAAP diluted EPS increased 34% year-over-year.
Acquisition of GMTI, which provides high precision analytical instruments critical to the complex CMP process.
Entegris
Entegris
Forward Guidance
For the fourth quarter ending December 31, 2020, the Company expects sales of $480 million to $495 million, net income of $75 million to $82 million and diluted earnings per common share between $0.55 and $0.60. On a non-GAAP basis, diluted earnings per common share is expected to range from $0.62 to $0.67, which reflects net income on a non-GAAP basis in the range of $84 million to $91 million.