Entegris Inc.
Entegris, Inc. Reports Q1 2024 Financial Results
Summary
On May 1, 2024, Entegris, Inc. announced its financial results for the first quarter of 2024. The company reported net sales of $771 million, a 16% decrease from the prior year, and adjusted net sales of $737 million, a 5% decrease from the prior year excluding divestitures. GAAP diluted EPS was $0.30, while non-GAAP diluted EPS was $0.68. Entegris also provided guidance for the second quarter, expecting sales between $790 million and $810 million and non-GAAP diluted EPS between $0.68 and $0.73.
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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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