Press release
Entegris Reports Results for Third Quarter Of 2021
Third-quarter revenue of $579 million, increased 20% from prior year Third-quarter GAAP diluted EPS of $0.86, increased 48% Third-quarter non-GAAP diluted
About this update from Entegris, Inc.
[{"type":"text","content":"\n\nThird-quarter revenue of $579 million, increased 20% from prior year\n\n\nThird-quarter GAAP diluted EPS of $0.86, increased 48%\n\n\nThird-quarter non-GAAP diluted EPS of $0.92, increased 37%\n\n\n BILLERICA, Mass.--(BUSINESS WIRE)--\nEntegris, Inc. (NASDAQ: ENTG), today reported its financial results for the Company’s third quarter ended October 2, 2021.\n\nThird-quarter sales were $579.5 million, an increase of 20% from the same quarter last year. Third-quarter GAAP net income was $117.5 million, or $0.86 per diluted share, which included $11.8 million of amortization of intangible assets and $1.3 million of integration costs. Non-GAAP net income was $125.4 million for the third quarter and non-GAAP earnings per diluted share was $0.92.\n\nBertrand Loy, Entegris’ president and chief executive officer, said: “In the third quarter, we continued to deliver on our growth strategy in a very dynamic supply chain environment. I am proud that we have been able to achieve over 23 percent organic sales growth year-to-date.”\n\nMr. Loy added: “While we expect some of the supply chain issues to linger, the record demand for our solution set continues and we are maintaining our outlook for the full year 2021. Looking further ahead, we have a high degree of conviction in our growth prospects, driven by positive secular trends in the semiconductor market and the accelerating pace of transition to more complex device architectures. We believe this is uniquely favorable to our company, because the capabilities we have built around process materials and materials purity will be indispensable enablers of these new chip architectures and will translate into a steadily expanding Entegris content per wafer.”\n\n\n\nQuarterly Financial Results Summary\n\n\n\n\n\n(in thousands, except percentages and per share data)\n\n\n\n\n\nGAAP Results\n\n\n\nOctober 2, 2021\n\n\n\nSeptember 26, 2020\n\n\n\nJuly 3, 2021\n\n\n\n\n\nNet sales\n\n\n\n$579,493\n\n\n\n$480,987\n\n\n\n$571,352\n\n\n\n\n\nOperating income\n\n\n\n$139,357\n\n\n\n$106,761\n\n\n\n$138,889\n\n\n\n\n\nOperating margin - as a % of net sales\n\n\n\n24.0%\n\n\n\n22.2%\n\n\n\n24.3%\n\n\n\n\n\nNet income\n\n\n\n$117,461\n\n\n\n$79,303\n\n\n\n$88,770\n\n\n\n\n\nDiluted earnings per common share\n\n\n\n$0.86\n\n\n\n$0.58\n\n\n\n$0.65\n\n\n\n\n\nNon-GAAP Results\n\n\n\n\n\nNon-GAAP adjusted ope...