Entegris (NASDAQ: ENTG) reported Q4 EPS of $0.55, $0.01 better than the analyst estimate of $0.54. Revenue for the quarter came in at $427 million versus the consensus estimate of $426.4 million.

Results for Fourth Quarter Of 2019

• Fourth-quarter revenue of $427.0 million, increased 6% from prior year
• Fiscal 2019 revenue of $1.6 billion, increased 3%
• Fiscal 2019 GAAP diluted EPS of $1.87, increased 11%
• Fiscal 2019 Non-GAAP diluted EPS of $1.93, increased 2%

Bertrand Loy, president and chief executive officer, said: “Our strong performance in the fourth quarter resulted in record sales, EBITDA and EPS. These results were driven by continued traction of our advanced solutions, particularly in the new technology nodes. Our achievement of record sales and EPS in 2019, in the face of a very challenging end market, showcased the strength of our team’s execution and our highly resilient, differentiated and unit-driven business model.”

Mr. Loy added: “I’m optimistic about improving industry conditions in 2020 and we expect our growth will again outpace the market. We continue to believe that Entegris has never been better positioned and more relevant for our customers to help them achieve the targeted levels of chip performance, yields and reliability. Our position is bolstered by our combination of technology leadership; global scale; and world class operational excellence.”

GUIDANCE:

Entegris sees Q1 2020 EPS of $0.50-$0.55, versus the consensus of $0.55. Entegris sees Q1 2020 revenue of $415-430 million, versus the consensus of $425.11 million.

• For the first quarter ending March 28, 2020, the Company expects sales of $415 million to $430 million, net income of $56 million to $63 million and net income per diluted share between $0.41 and $0.46.
• On a non-GAAP basis, EPS is expected to range from $0.50 to $0.55 per diluted share, which reflects net income on a non-GAAP basis in the range of $68 million to $75 million.

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