Press release
Entegris Reports Results for Fourth Quarter Of 2022
Fourth-quarter revenue (as reported) of $946 million, increased 49% from prior year Fourth-quarter revenue (proforma), increased 1% Full-year 2022 revenue
About this update from Entegris, Inc.
[{"type":"text","content":"\n\nFourth-quarter revenue (as reported) of $946 million, increased 49% from prior year\n\n\nFourth-quarter revenue (proforma), increased 1%\n\n\nFull-year 2022 revenue (as reported), increased 43% from prior year\n\n\nFull-year 2022 revenue (proforma), increased 13%\n\n\nFourth-quarter GAAP diluted EPS of $0.38\n\n\nFourth-quarter non-GAAP diluted EPS of $0.83\n\n\n BILLERICA, Mass.--(BUSINESS WIRE)--\nEntegris, Inc. (NASDAQ: ENTG), today reported its financial results for the Company’s fourth quarter ended December 31, 2022. Fourth-quarter sales were $946.1 million, an increase of 49% from the same quarter last year. Fourth-quarter GAAP net income was $57.4 million, or $0.38 earnings per diluted share, which included $53.5 million of amortization of intangible assets, $18.6 million of integration costs, $0.3 million of deal and transaction costs, $3.6 million contractual and non-cash integration costs. Non-GAAP net income was $124.5 million for the fourth quarter and non-GAAP earnings per diluted share was $0.83. All the results presented herein (unless noted) are shown on a “as reported” basis and not on a “proforma” basis, and as a result do not include CMC Materials’ results in prior periods. Results in the second half of 2022 include CMC Materials.\n\nBertrand Loy, Entegris’ president and chief executive officer, said: “Our solid fourth quarter results capped off a strong year for Entegris. Sales (proforma) grew 13 percent in 2022, several points higher than estimated industry growth. This above-market growth was driven in large part by our strong position at the leading-edge technology nodes.”\n\nMr. Loy added: “2023 is shaping up to be an uncertain year for the semiconductor industry. Given this backdrop, we will take the necessary steps to manage costs, prioritize cash flow and debt paydown, while making the R&D investments that are critical for our future growth. Our differentiated unit-driven model and experienced team will be key as we navigate this near-term environment.”\n\nMr. Loy added: “Looking further ahead, the positive long-term secular growth drivers of the semiconductor industry are intact. At the same time, as device architectures become more complex, Entegris breadth of capabilities in material sciences and contamination control enable us to offer unique solutions to help our customers improve performance...