Entegris (ENTG) Tops Q3 EPS by 4c, Revenues Beat; Offers 4Q EPS/Revenue Guidance Above Consensus

Entegris (NASDAQ: ENTG) reported Q3 EPS of $0.67, $0.04 better than the analyst estimate of $0.63. Revenue for the quarter came in at $481 million versus the consensus estimate of $461.78 million.

• Third-quarter revenue of $481.0 million, increased 22% from prior year
• Third-quarter GAAP diluted EPS of $0.58, increased 93%
• Third-quarter Non-GAAP diluted EPS of $0.67, increased 34%

Bertrand Loy, president and chief executive officer, said: “Our better than expected third quarter results showcased the strength of our value proposition, the resilience of our unit-driven business model and the execution of our teams. This performance was driven by the accelerated demand of our leading-edge solutions in advanced technology nodes. Another highlight of the quarter was our acquisition of GMTI, which provides high precision analytical instruments critical to the complex CMP process.”

Mr. Loy added: “At Entegris, we are benefiting from the two intersecting themes of growing importance of process materials and materials purity, and the impact they have on semiconductor performance, cost and reliability. Our position is bolstered by our technology leadership, global scale, and world class operational excellence. We are looking forward to a strong close to the year and expect to deliver record sales and non-GAAP EPS in 2020.”

Guidance:

Entegris sees Q4 2020 EPS of $0.62-$0.67, versus the consensus of $0.61. Entegris sees Q4 2020 revenue of $480-495 million, versus the consensus of $458 million.

For earnings history and earnings-related data on Entegris (ENTG) click here.

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