Entegris Earnings: Here’s Why Investors Don’t Like These Results

Entegris, Inc. (NASDAQ:ENTG) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 2.44%.

Entegris, Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 6.25% to $0.15 in the quarter versus EPS of $0.16 in the year-earlier quarter.

Revenue: Decreased 5.7% to $177.5 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Entegris, Inc. reported adjusted EPS income of $0.15 per share. By that measure, the company beat the mean analyst estimate of $0.11. It beat the average revenue estimate of $169.73 million.

Quoting Management: Bertrand Loy, president and chief executive officer, said: “The second-quarter sales were stronger than expected as semiconductor makers continued to ramp production on their most advanced fabs. Sales of our Contamination Control Solutions products increased 10 percent sequentially, driven primarily by a record quarter for liquid filter products and higher sales of fluid handling components and gas purification products. Sales of Microenvironment products grew 4 percent, and sales of Specialty Materials products were even with the first quarter levels.”

Key Stats (on next page)…

Revenue increased 7.53% from $165.07 million in the previous quarter. EPS increased 15.38% from $0.13 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.16 to a profit $0.15. For the current year, the average estimate has moved down from a profit of $0.56 to a profit of $0.55 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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