Entegris (NASDAQ: ENTG) reported Q2 EPS of $0.60, $0.12 better than the analyst estimate of $0.48. Revenue for the quarter came in at $448.4 million versus the consensus estimate of $417.42 million.

• Second-quarter revenue of $448.4 million, increased 18% from prior year
• Second-quarter GAAP diluted EPS of $0.50, decreased 45%
• Second-quarter Non-GAAP diluted EPS of $0.60, increased 54%

Bertrand Loy, president and chief executive officer, said: “I am very pleased with our second quarter results, especially in light of the operational risks and business uncertainty we faced coming into the quarter related to the pandemic. This stronger than expected performance was particularly driven by accelerated demand of our leading-edge solutions.”

Mr. Loy added: “While risks related to the ongoing impact of the pandemic still exist, we are optimistic about our prospects for the rest of 2020. We expect to continue to significantly outperform the market, driven by additional product wins in advanced technology nodes. We feel confident that our disciplined execution and strong liquidity will allow us to navigate this period of uncertainty, while continuing to invest in the future.”

GUIDANCE:

Entegris sees Q3 2020 EPS of $0.60-$0.66, versus the consensus of $0.48. Entegris sees Q3 2020 revenue of $450-475 million, versus the consensus of $409.68 million.

Third-Quarter Outlook

For the third quarter ending September 26, 2020, the Company expects sales of $450 million to $475 million, net income of $70 million to $78 million and diluted earnings per common share between $0.51 and $0.57. On a non-GAAP basis, diluted earnings per common share is expected to range from $0.60 to $0.66, which reflects net income on a non-GAAP basis in the range of $82 million to $90 million.

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