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Oct 02, 2021

Entegris Q3 2021 Earnings Report

Entegris' financial performance increased with revenue up 20% and GAAP diluted EPS up 48% compared to the prior year.

Key Takeaways

Entegris reported strong third-quarter results with sales of $579.5 million, a 20% increase from the same quarter last year. GAAP net income was $117.5 million, or $0.86 per diluted share, while non-GAAP net income was $125.4 million, or $0.92 per diluted share.

Third-quarter revenue of $579 million, increased 20% from prior year

Third-quarter GAAP diluted EPS of $0.86, increased 48%

Third-quarter non-GAAP diluted EPS of $0.92, increased 37%

Company maintains outlook for the full year 2021

Total Revenue
$579M
Previous year: $481M
+20.5%
EPS
$0.92
Previous year: $0.67
+37.3%
Operating Margin
24%
Previous year: 22.2%
+8.1%
Non-GAAP Operating Margin
26.3%
Previous year: 25.3%
+4.0%
Gross Profit
$264M
Previous year: $226M
+16.9%
Cash and Equivalents
$476M
Previous year: $448M
+6.2%
Free Cash Flow
$101M
Previous year: $68.5M
+46.8%
Total Assets
$3.01B
Previous year: $2.8B
+7.5%

Entegris

Entegris

Entegris Revenue by Segment

Forward Guidance

For the fourth quarter ending December 31, 2021, the Company expects sales of $580 million to $600 million, net income of $109 million to $116 million and diluted earnings per common share between $0.80 and $0.85. On a non-GAAP basis, the Company expects diluted earnings per common share to range from $0.87 to $0.92, reflecting net income on a non-GAAP basis in the range of $119 million to $126 million.

Revenue & Expenses

Visualization of income flow from segment revenue to net income