Entegris Inc ( (ENTG) ) has released its Q4 earnings. Here is a breakdown of the information Entegris Inc presented to its investors.
Entegris Inc. is a leading supplier of advanced materials and process solutions primarily serving the semiconductor and other high-tech industries, characterized by its global presence and ISO 9001 certification.
In the fourth quarter of 2024, Entegris reported a net sales increase of 5% year-on-year to $850 million, with adjusted net sales rising by 11% excluding divestitures. The company also reported a GAAP diluted earnings per share (EPS) of $0.67 and a non-GAAP diluted EPS of $0.84, reflecting a robust quarter that exceeded their guidance.
Key financial highlights include a gross margin of 45.6% and an operating margin of 17.6%, with net income reaching $102.2 million, a significant improvement from the previous year. Entegris also noted strong performance in its Advanced Purity Solutions and Materials Solutions segments, contributing to a total segment profit of $212.1 million.
Looking ahead, Entegris remains optimistic about the semiconductor industry’s long-term growth prospects, despite current challenges. The company is focused on enhancing profitability and cash flow, while investing strategically to maintain competitiveness and capitalize on future technological advancements.