Entegris Q1 net sales $771M, -16% YoY; non-GAAP EPS $0.68 beats guidance

ENTEGRIS INC

2024-Q1 EPS reported $0.30 revenue$771,025,000

GAAP net income $45.3M ($0.30 diluted EPS) vs loss of $88.2M a year ago.
Adjusted EBITDA margin 29.0%, above guidance; non-GAAP EPS $0.68 exceeded $0.65 consensus.
Paid down over $400M of debt in Q1 using proceeds from PIM divestiture.
Q2 guidance: sales $790-810M, non-GAAP EPS $0.68-0.73; sees gradual market recovery.
Materials Solutions segment adjusted profit margin 21.5%, up from 16.7% in Q4.

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