Press release
Entegris Reports Results for Third Quarter of 2019
Third-quarter revenue of $394.1 million, decreased 1% from prior year GAAP net income per diluted share of $0.30, decreased 12% from prior year Non-GAAP net
About this update from Entegris, Inc.
[{"type":"text","content":"\n\nThird-quarter revenue of $394.1 million, decreased 1% from prior year\n\n\nGAAP net income per diluted share of $0.30, decreased 12% from prior year\n\n\nNon-GAAP net income per diluted share of $0.50, increased 9% from prior year\n\n\nAcquired Hangzhou Anow Microfiltration in September\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 third quarter ended September 28, 2019.\n\n\nThird-quarter sales were $394.1 million, a decrease of 1% from the same quarter last year. GAAP third-quarter net income was $40.8 million, or $0.30 per diluted share, which included $15.2 million of amortization of intangible assets, $8.5 million of restructuring costs, $2.4 million of integration costs, $4.9 million in deal costs mainly associated with the MPD and Anow acquisitions and a $4.5 million charge for fair value write-up of acquired inventory sold. Non-GAAP net income was $68.2 million and non-GAAP net income per diluted share was $0.50.\n\n\nBertrand Loy, President and Chief Executive Officer, said: \"In the third quarter, we delivered solid results that showcased the resilience of our unit-driven business model and the strong execution of our teams. While end markets continue to be uneven, we experienced accelerated demand for our advanced solutions in new technology nodes. Another highlight of the quarter was our acquisition of Hangzhou Anow, which broadens our filtration offerings and provides us with manufacturing capabilities in China.”\n\n\nMr. Loy added: “Going forward, greater materials intensity and greater materials purity will continue to be the two defining factors of the next generation of semiconductor performance. 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. We feel confident in our positive business momentum going into the fourth quarter and we expect 2019 to be a record year for Entegris.\"\n\n\nQuarterly Financial Results Summary\n(in thousands, except per share data)\n\n\n\n\n\n\n \n\n\n\nGAAP Results\n\n\n\nQ3 2019\n\n\n\nQ3 2018\n\n\n\nQ2 2019\n\n\n\n\n\nNet sales\n\n\n\n$394,147\n\n\n\n$398,597\n\n\n\n$378,874\n\n\n\n\n...