secwatch.observer — SEC 8-K summary
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Issuer:     ENTEGRIS INC (ENTG)
CIK:        0001101302
Form:       8-K
Filed at:   2024-05-01T23:59:59+00:00
Accession:  0001101302-24-000037
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1101302/000110130224000037/0001101302-24-000037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1101302/000110130224000037/entg-20240501.htm
  HTML page:      https://secwatch.observer/filing/0001101302-24-000037

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer