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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.
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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