Press release
Entegris Reports Record Results for Fourth Quarter Of 2019
Fourth-quarter revenue of $427.0 million, increased 6% from prior year Fiscal 2019 revenue of $1.6 billion, increased 3% Fiscal 2019 GAAP diluted EPS of
About this update from Entegris, Inc.
[{"type":"text","content":"\n\nFourth-quarter revenue of $427.0 million, increased 6% from prior year\n\n\nFiscal 2019 revenue of $1.6 billion, increased 3%\n\n\nFiscal 2019 GAAP diluted EPS of $1.87, increased 11%\n\n\nFiscal 2019 Non-GAAP diluted EPS of $1.93, increased 2%\n\n\n BILLERICA, Mass.--(BUSINESS WIRE)--\nEntegris, Inc. (NasdaqGS: ENTG), a leader in specialty chemicals and advanced materials solutions for the microelectronics industry, today reported its financial results for the Company’s fourth quarter ended December 31, 2019.\n\n\nFourth-quarter sales were $427.0 million, an increase of 6% from the same quarter last year. GAAP fourth-quarter net income was $57.4 million, or $0.42 per diluted share, which included $16.0 million of amortization of intangible assets, $3.4 million of integration costs, $1.0 million in deal costs mainly associated with the recent acquisitions and a $0.2 million charge for fair value write-up of acquired inventory sold. Non-GAAP net income was $74.6 million and non-GAAP net income per diluted share was $0.55.\n\n\nBertrand Loy, president and chief executive officer, said: “Our strong performance in the fourth quarter resulted in record sales, EBITDA and EPS. These results were driven by continued traction of our advanced solutions, particularly in the new technology nodes. Our achievement of record sales and EPS in 2019, in the face of a very challenging end market, showcased the strength of our team’s execution and our highly resilient, differentiated and unit-driven business model.”\n\n\nMr. Loy added: “I’m optimistic about improving industry conditions in 2020 and we expect our growth will again outpace the market. We continue to believe that Entegris has never been better positioned and more relevant for our customers to help them achieve the targeted levels of chip performance, yields and reliability. Our position is bolstered by our combination of technology leadership; global scale; and world class operational excellence.”\n\n\nQuarterly Financial Results Summary\n(in thousands, except percentages and per share data)\n\n\n\n\nGAAP Results\n\n\n\nQ4 2019\n\n\n\nQ4 2018\n\n\n\nQ3 2019\n\n\n\n\n\nNet sales\n\n\n\n$426,998\n\n\n\n$401,642\n\n\n\n$394,147\n\n\n\n\n\nOperating income\n\n\n\n$84,085\n\n\n\n$71,308\n\n\n\n$52,793\n\n\n\n\n\nOperating margin\n\n\n\n19.7%\n\n\n\n17.8%\n\n\n\n13.4%\n\n\n\n\n\nNet inc...