Entegris Q3 sales rise 25%, beat analyst estimates
ENTG•Entegris reported Q3 sales of $1.006 billion, up 25% and above the $923.30 million analyst consensus; non-GAAP diluted EPS was $1.23. The company expects Q4 sales of $1.025 billion to $1.055 billion and non-GAAP EPS of $1.32 to $1.40.
1. Quarterly results
Entegris reported Q3 sales of $1.006 billion, beating analyst estimates of $923.30 million. The company reported non-GAAP diluted EPS of $1.23 and gross profit of $500.20 million.
2. Fourth-quarter outlook
Entegris expects Q4 sales of $1.025 billion to $1.055 billion and non-GAAP EPS of $1.32 to $1.40. It forecasts an adjusted EBITDA margin of 30.7% to 31.2%.
3. Drivers and cash flow
The company said new design wins and expanded customer plans drove revenue growth, while disciplined execution contributed to margin expansion and earnings growth. It said record cash flow enabled accelerated debt repayment.
