Entegris Inc.
Entegris Announces Fourth Quarter 2023 Results
Summary
Entegris, Inc. reported a 14% year-over-year decrease in fourth-quarter net sales to $812 million, with GAAP diluted EPS of $0.25 and non-GAAP diluted EPS of $0.65. The company also announced a webcast for February 14, 2024, to discuss these results and provide an analyst update. Entegris's management expects the company to outgrow the market and show leverage in its model for the year 2024.
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About Entegris Inc.
Entegris Inc. is a specialized technology and manufacturing company that focuses on providing advanced materials and process solutions for the microelectronics industry. Its primary function is to supply critical components and materials used in the semiconductor manufacturing process, including filtration, purification, and specialty chemicals. Entegris plays a pivotal role in enabling the complex manufacturing processes of semiconductor fabrication, catering to manufacturers of integrated circuits and electronics devices. Notable sectors impacted by Entegris include computing, telecommunications, and automotive industries, where semiconductors are essential. The company's solutions are essential for ensuring the purity and integrity of materials used in chip production, which directly impacts the performance and efficiency of electronic devices. Founded in 1966 and headquartered in Billerica, Massachusetts, Entegris has established itself as a significant player in the global semiconductor supply chain, emphasizing innovation and quality in its product offerings. Its role is crucial for advancing technology nodes and meeting the high demands of modern semiconductor fabrication processes.
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