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Stock impact report

Entegris Reports Results for First Quarter of 2024 [Yahoo! Finance]

Entegris, Inc. (ENTG) 
Last entegris, inc. earnings: 4/21 06:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.entegris.com/investor-relations
Company Research Source: Yahoo! Finance
GAAP diluted EPS of $0.30 Non-GAAP diluted EPS of $0.68 BILLERICA, Mass., May 01, 2024 BUSINESS WIRE )--Entegris, Inc. (NASDAQ: ENTG), today reported its financial results for the Company's first quarter ended March 30, 2024. Bertrand Loy, Entegris' president and chief executive officer, said: "We are pleased with our positive start to the year. Sales of $771 million were at the high end of our guidance. Adjusted EBITDA and non-GAAP EPS were above our guidance, even while we increased critical R&D investments. During the quarter, we sold the Pipeline and Industrial Materials (PIM) business, completing all our planned divestitures of non-core assets. Using the PIM sale proceeds and cash on hand, we paid down over $400 million of debt during the quarter." Mr. Loy added: "For 2024, our view of the semiconductor industry has not changed. We believe that the market is healthier, with normalizing inventories of semiconductors and a more stable demand environment. We continue to exp Show less Read more
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