Entegris reports Q1 adjusted EPS 67c, consensus 68c

Reports Q1 revenue $773.2M, consensus $789.94M. Bertrand Loy, Entegris (ENTG)’ President and Chief Executive Officer, said: “Our first quarter revenue grew 5 percent year-on-year, excluding divestitures, with strong demand for our CMP consumables and micro contamination control solutions. Gross margin, EBITDA margin and non-GAAP EPS were within guidance.” Loy added: “While new tariff regimes have increased uncertainty in our industry and have impacted forward visibility, our overall business remains strong. We are actively working with our customers and suppliers to fully leverage our global manufacturing footprint and regional supply chain capabilities to mitigate cost and revenue impacts of tariffs. In this environment, we remain focused on what we control, delivering strong profitability, improving free cash flow and paying down our debt. We continue to have excellent engagements with our customers on their technology roadmaps and are very pleased with the POR wins we have achieved to date.” Loy concluded: “Looking past the short-term macro uncertainty, we remain optimistic about the long-term growth prospects for the semiconductor industry and Entegris,” he said. “Our customers’ technology roadmaps are calling for new materials and ever-greater purity to improve device performance and achieve optimal yields. Our expertise in materials science and materials purity is increasingly valuable and is expected to fuel our growth and market outperformance in the years to come.”