Entegris Inc · Q1 2020 earnings

Briefing

Entegris's first quarter revenue increased by 5% year over year, with GAAP diluted EPS increasing by 88% and Non-GAAP diluted EPS increasing by 10%.

Entegris reported first-quarter sales of $412.3 million, a 5% increase from the same quarter last year. GAAP net income was $61.0 million, or $0.45 per diluted share, while non-GAAP net income was $75.6 million and non-GAAP net income per diluted share was $0.55.

• First-quarter revenue of $412.3 million, increased 5% from prior year
• First-quarter GAAP diluted EPS of $0.45, increased 88%
• First-quarter Non-GAAP diluted EPS of $0.55, increased 10%
• Manufacturing operations were only modestly impacted by Covid-19

Headline financials

Revenue & EPS history

For the second quarter ending June 27, 2020, the Company expects sales of $410 million to $430 million, net income of $50 million to $59 million and net income per diluted share between $0.37 and $0.43. On a non-GAAP basis, EPS is expected to range from $0.45 to $0.51 per diluted share, which reflects net income on a non-GAAP basis in the range of $61 million to $70 million.