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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.

Total Revenue
$481M
Previous year: $394M
+22.0%
EPS
$0.67
Previous year: $0.5
+34.0%
Operating Margin
22.2%
Previous year: 13.4%
+65.7%
Non-GAAP Operating Margin
25.3%
Previous year: 22.4%
+12.9%
Gross Profit
$226M
Previous year: $170M
+32.7%
Cash and Equivalents
$448M
Previous year: $283M
+58.4%
Free Cash Flow
$68.5M
Previous year: -$1.03M
-6748.4%
Total Assets
$2.8B
Previous year: $2.47B
+13.5%

Entegris

Entegris

Entegris Revenue by Segment

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.

Revenue & Expenses

Visualization of income flow from segment revenue to net income