1. Entegris reported Q4 2024 sales of $850 million, a 5% increase. 2. Non-GAAP diluted EPS for Q4 was $0.84, up from $0.65 last year. 3. Company predicts Q1 2025 sales between $775 million and $805 million. 4. Management predicts a long-term growth outlook in semiconductor technologies. 5. Cost-saving initiatives are expected to improve margins significantly.
Improved financial performance and positive outlook supports potential price increase.
The financial results and guidance reflect positively on Entegris’ market position.
Strong market position and growth in semiconductor demand suggest lasting effects.
BILLERICA, Mass.--(BUSINESS WIRE)--Entegris, Inc. (NASDAQ: ENTG), today reported its financial results for the Company’s fourth quarter ended December 31, 2024.
“We concluded 2024 with strong performance in the fourth quarter, exceeding our guidance for both sales and non-GAAP EPS. For the year, we continued to outperform the market and demonstrated leverage in our model with EBITDA growth that was twice the rate of our sales growth.” - Bertrand Loy, President and CEO
Mr. Loy added: “As we enter 2025, visibility outside of advanced logic and AI-driven applications remains limited and we have yet to see evidence of a significant broad-based semiconductor market rebound. We remain focused on delivering strong market outperformance and profitability, improving free cash flow while continuing to fund critical investments that improve our long-term competitiveness and position us for the industry upturn.”
Mr. Loy concluded: “We are very confident in the strong long-term growth outlook of the semiconductor industry. The industry’s technology roadmaps continue to be opportunity-rich for Entegris, as our customers drive for more complex device architectures and further miniaturization.”
Quarterly Financial Results Summary
| (in thousands, except percentages and per share data) | Dec 31, 2024 | Dec 31, 2023 | Sep 28, 2024 |
|---|---|---|---|
| Net sales | $849,837 | $812,291 | $807,694 |
| Gross margin - as a % of net sales | 45.6% | 42.4% | 46.0% |
| Non-GAAP Results | — | — | — |
First Quarter Outlook
For the Company’s guidance for the first quarter ending March 29, 2025, the Company expects sales of $775 million to $805 million.
Segment Results
The Company currently operates in two segments:
Materials Solutions (MS): MS provides materials-based solutions, such as chemical vapor and atomic layer deposition materials, chemical mechanical planarization slurries and pads, ion implantation specialty gases, formulated etch and clean materials, and other specialty materials.
Advanced Purity Solutions (APS): APS offers filtration, purification and contamination-control solutions.
About Entegris
Entegris is a leading supplier of advanced materials and process solutions for the semiconductor and other high-tech industries.
Non-GAAP Information
The presentation of non-GAAP measures is intended to improve understanding of ongoing results.
Cautionary Note on Forward-Looking Statements
This news release contains forward-looking statements based on current management expectations.
Bill Seymour
VP of Investor Relations
T + 1 952 556 1844
bill.seymour@entegris.com