Entegris Inc
ENTG
ISIN US29362U1043 / Valor 1102899
Entegris Inc
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About company
Entegris Inc is a global leader in the development and manufacturing of critical materials and solutions for the high-tech industry, focusing on the semiconductor and other advanced manufacturing sectors. Founded in 1966 and headquartered in Billerica, Massachusetts, the company employs approximately 8,000 people worldwide. Entegris offers a wide range of products, including filtration products for gases and fluids, liquid systems and components, gas delivery systems, specialty chemistries, wafer carriers, specialty coatings, and materials such as premium graphite and silicon carbide. These products are designed to support the semiconductor manufacturing process by improving productivity, performance, and technology in advanced manufacturing environments. With a strong commitment to research and development, evidenced by its $277.3 million investment in 2023 and a portfolio of around 4,400 active patents, Entegris aims to solve its customers' most challenging process issues through innovative, science-based solutions. The company reported net sales of $3.5 billion in 2023, highlighting its significant role in enabling technologies that drive the Fourth Industrial Revolution, such as artificial intelligence, augmented reality, and the Internet of Things.
Summarized from source with an LLMView SourceSector: TechnologyLatest Results (07.08.2024):
Net Sales Performance
Entegris Inc. reported net sales of $813 million for the second quarter of 2024, which represents a 10% decrease from the same period in the prior year. However, sequentially, net sales increased by 5% from the first quarter of 2024.
Adjusted Net Sales
When excluding the impact of divestitures, Entegris Inc.'s adjusted net sales for the second quarter of 2024 increased by 6% compared to the same quarter in the previous year and saw a 10% sequential increase from the first quarter of 2024.
Earnings Per Share
For the second quarter of 2024, Entegris Inc. reported a GAAP diluted earnings per share (EPS) of $0.45. On a non-GAAP basis, the diluted EPS was $0.71, reflecting the company's adjusted financial performance.
Profit Margins
Entegris Inc. achieved a gross margin of 46.2% of net sales in the second quarter of 2024, an improvement from 42.6% in the same quarter of the previous year. The operating margin for the quarter was 16.0% of net sales, compared to 29.7% in the second quarter of 2023.
Third Quarter Outlook
For the third quarter ending September 28, 2024, Entegris Inc. expects net sales to be in the range of $820 million to $840 million. The company anticipates GAAP net income to be between $78 million and $85 million, with diluted earnings per share ranging from $0.51 to $0.56. On a non-GAAP basis, diluted EPS is expected to be between $0.75 and $0.80.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
16855 M
Market cap (USD)
324,623
Daily traded volume (Shares)
113.22 / 110.48
1 day high/low (USD)
52 weeks high/low (USD)
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Ratings & reviews
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