earnings
confidence high
sentiment positive
materiality 0.70
Entegris Q2 core sales up 6% YoY; non-GAAP EPS $0.71; guides Q3 $820-$840M
ENTEGRIS INC
2024-Q2 EPS reported
$0.74
revenue$1,583,677,000
- GAAP net sales $812.7M (-10% YoY); adjusted net sales ex-divestitures up 6% YoY and 10% sequentially.
- GAAP diluted EPS $0.45 (vs $1.31 prior year); non-GAAP diluted EPS $0.71 (vs $0.66 prior year).
- Materials Solutions segment sales $342.3M (-22% YoY but +12% ex-divestitures); MC $293.8M (+3.6% YoY); AMH $188.2M (-1.2% YoY).
- Q3 guidance: sales $820-$840M, GAAP EPS $0.51-$0.56, non-GAAP EPS $0.75-$0.80, adj. EBITDA margin 28.5%-29.5%.
- CEO: semi market recovery moderate in H2, positioned for growth acceleration into 2025.