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Oct 01, 2022
Entegris Q3 2022 Earnings Report
Reported solid execution and proforma growth despite economic uncertainty.
Key Takeaways
Entegris reported third-quarter revenue of $994 million, a 71% increase year-over-year. GAAP diluted EPS was ($0.50), while non-GAAP diluted EPS was $0.85. The company is progressing with the integration of CMC Materials and expects strong growth for the full year 2022, exceeding market performance.
Third-quarter revenue (as reported) of $994 million, increased 71% from prior year
Third-quarter revenue (proforma), increased 14%
Third-quarter GAAP diluted EPS of ($0.50)
Third-quarter non-GAAP diluted EPS of $0.85
Forward Guidance
For the fourth quarter ending December 31, 2022, the Company expects sales of $930 million to $970 million, net income of $42 million to $50 million and diluted earnings per common share between $0.28 and $0.33. On a non-GAAP basis, the Company expects diluted earnings per common share to range from $0.75 to $0.80, reflecting net income on a non-GAAP basis in the range of $112 million to $120 million. The company also expects EBITDA of approximately 29% of sales, for the fourth quarter of 2022.
Challenges Ahead
- The company estimates that the impact of the U.S. government’s announced new export controls restricting the sale of semiconductor technology to certain companies in China will reduce sales by approximately $40 million to $50 million in the fourth quarter of 2022
Historical Earnings Impact
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Avg. Return Before/After Earnings
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