earnings
confidence high
sentiment neutral
materiality 0.70
Entegris Q3 revenue down 11% YoY to $888M; non-GAAP EPS $0.68; Q4 guidance lower
ENTEGRIS INC
2023-Q3 EPS reported
$0.95
revenue$2,711,635,000
- GAAP diluted EPS $0.22; non-GAAP diluted EPS $0.68 vs $0.85 prior year.
- Revenue $888.2M, down 11% YoY and 1% sequentially; Q4 rev guidance $770-790M (down ~2% seq ex divestitures).
- Materials Solutions segment adj profit margin 16.8% (down from 22.2% YoY); CMC integration largely complete.
- $15.9M goodwill impairment from Electronic Chemicals sale; three non-core businesses divested in 2023.
- Filed CHIPS Act application for Colorado Springs facility; industry recovery timing uncertain.