NASDAQ$ENTG
Entegris Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Entegris reported a strong performance with sales increasing sequentially across all divisions.
Entegris reported net sales of $813 million for Q2 2024, a 5% increase sequentially. GAAP diluted EPS was $0.45, and non-GAAP diluted EPS was $0.71. The company expects a gradual recovery in the semiconductor market in the second half of the year and anticipates strong growth acceleration into 2025.
- Net sales (as reported) of $813 million, decreased 10% from prior year and increased 5% sequentially.
- Adjusted net sales (excluding the impact of divestitures) increased 6% from prior year and 10% sequentially.
- GAAP diluted EPS was $0.45.
- Non-GAAP diluted EPS was $0.71.
Headline financials
Revenue & EPS history
Entegris · Revenue · Quarterly
$813M
Forward guidance
For the third quarter ending September 28, 2024, Entegris expects sales of $820 million to $840 million. GAAP net income is projected to be $78 million to $85 million, with diluted earnings per common share between $0.51 and $0.56. Non-GAAP diluted earnings per common share are expected to range from $0.75 to $0.80, reflecting net income on a non-GAAP basis in the range of $114 million to $121 million. Adjusted EBITDA is anticipated to be approximately 28.5% to 29.5% of sales.
Tailwinds
- Sales of $820 million to $840 million are expected.
- GAAP net income of $78 million to $85 million is expected.
- Diluted earnings per common share is expected to be between $0.51 and $0.56.
- Non-GAAP diluted earnings per common share to range from $0.75 to $0.80 is expected.
- Adjusted EBITDA of approximately 28.5% to 29.5% of sales is expected.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2024
+0.5%
Avg return
Earnings day
+1.0%
Avg return
5 days after
+2.2%
Avg return
30 days after
52%
34 / 65 earnings
Positive
+15.5%
Q1 2023
Best reaction
-21.0%
Q3 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +8.5% | -0.1% | -7.0% | |
| Q4 2025 | +9.0% | +7.4% | -10.1% | |
| Q3 2025 | -7.5% | -8.5% | -18.4% | |
| Q1 2025 | -5.6% | -0.8% | -12.2% | |
| Q4 2024 | +5.4% | +1.8% | -0.9% | |
| Q3 2024 | -3.7% | -1.9% | +2.8% | |
| Q2 2024 | -10.3% | -16.8% | -5.4% | |
| Q1 2024 | -4.8% | +0.7% | -4.9% | |
| Q4 2023 | +4.0% | +8.5% | +9.1% | |
| Q3 2023 | +3.9% | +2.9% | +21.9% | |
| Q2 2023 | -2.4% | -1.9% | -1.0% | |
| Q1 2023 | +15.5% | +17.3% | +39.6% | |
| Q4 2022 | +2.5% | +0.6% | -1.0% | |
| Q3 2022 | -21.0% | -17.6% | -5.7% | |
| Q2 2022 | -5.0% | -4.1% | -16.0% | |
| Q1 2022 | -5.6% | -2.8% | -5.7% | |
| Q4 2021 | +10.6% | +7.3% | +2.5% | |
| Q3 2021 | -0.8% | +3.4% | +11.3% | |
| Q2 2021 | +0.9% | +1.6% | -2.0% | |
| Q1 2021 | -0.4% | -2.3% | -1.2% | |
| Q4 2020 | -6.4% | -7.5% | -4.7% | |
| Q3 2020 | -1.9% | -4.0% | +11.7% | |
| Q2 2020 | +8.3% | +10.5% | +10.9% | |
| Q1 2020 | -1.2% | -0.9% | +13.3% | |
| Q4 2019 | +8.2% | +6.0% | +3.7% | |
| Q3 2019 | +0.8% | +3.3% | -2.4% | |
| Q2 2019 | +4.4% | +5.1% | -1.5% | |
| Q1 2019 | -2.8% | +0.0% | -14.6% | |
| Q4 2018 | +1.2% | +6.6% | +17.2% | |
| Q3 2018 | +0.4% | +8.0% | +11.1% | |
| Q2 2018 | -6.6% | -6.8% | -11.1% | |
| Q1 2018 | -2.1% | -1.5% | +4.2% | |
| Q4 2017 | +2.3% | -0.3% | +16.0% | |
| Q3 2017 | +7.3% | +8.8% | +7.0% | |
| Q2 2017 | +2.3% | +1.7% | -5.6% | |
| Q1 2017 | +1.2% | +2.4% | -2.2% | |
| Q4 2016 | +4.3% | +4.5% | +12.8% | |
| Q3 2016 | -1.1% | -2.9% | +12.1% | |
| Q2 2016 | +10.8% | +11.5% | +14.1% | |
| Q1 2016 | +1.5% | — | — | |
| Q4 2015 | +2.5% | — | — | |
| Q3 2015 | -7.7% | — | — | |
| Q2 2015 | +10.5% | — | — | |
| Q1 2015 | +0.2% | — | — | |
| Q4 2014 | -0.7% | — | — | |
| Q3 2014 | +6.9% | — | — | |
| Q2 2014 | -7.2% | — | — | |
| Q1 2014 | -4.8% | — | — | |
| Q4 2013 | +12.3% | — | — | |
| Q3 2013 | -4.5% | — | — | |
| Q2 2013 | -2.6% | — | — | |
| Q1 2013 | +3.2% | — | — | |
| Q4 2012 | -0.7% | — | — | |
| Q3 2012 | +2.3% | — | — | |
| Q2 2012 | -2.9% | — | — | |
| Q1 2011 | +1.0% | — | — | |
| Q1 2012 | -1.8% | — | — | |
| Q1 2010 | -2.4% | — | — | |
| Q4 2009 | -2.4% | — | — | |
| Q4 2011 | -2.4% | — | — | |
| Q4 2010 | -2.4% | — | — | |
| Q3 2010 | +4.7% | — | — | |
| Q3 2011 | +4.7% | — | — | |
| Q2 2010 | +0.6% | — | — | |
| Q2 2011 | +0.6% | — | — |
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