Free Research Report as Entegris’ Revenues Surged 16% and Adjusted EPS Soared 68%

Stock Monitor: ACM Research Post Earnings Reporting

LONDON, UK / ACCESSWIRE / May 21, 2018 / If you want access to our free earnings report on Entegris, Inc. (NASDAQ: ENTG), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=ENTG. The Company reported its financial results on April 26, 2018, for the first quarter of the fiscal year 2018 (Q1 FY18). The provider of microelectronics materials and components surpassed revenue and earnings estimates. Additionally, the Company raised its outlook for the second quarter of the fiscal year 2018. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Earnings Highlights and Summary

Entegris’ revenues increased 16% to $367.2 million in Q1 FY18 compared to $317.4 million in Q1 FY17, primarily driven by a strong demand of products from semiconductor industry customers and a favorable foreign currency translation. The Company’s revenues for the reported quarter surpassed analysts’ estimates of $359.0 million.

During Q1 FY18, reflecting the net sales increase, the Company’s gross profit rose to $176.0 million compared to $139.6 million in Q1 FY17. Moreover, the Company’s gross margin improved to 47.9% in the reported quarter compared to 44.0% in the year ago same period.

For the first quarter of the fiscal year 2018, the Company incurred selling, general, and administrative expenses (SG&A) of $58.3 million versus $50.5 million in Q1 FY17, mainly due to higher compensation costs and professional fees. The Company’s operating income grew by 54% to $78.5 million in the reported quarter versus $51.0 million in year ago comparable quarter.

During Q1 FY18, Entegris generated record quarterly adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) of $106 million compared to $75.8 million in Q1 FY17, increasing 40% on a y-o-y basis.

Entegris’ net income increased 77% to $57.6 million in Q1 FY18 compared to $32.5 million in Q1 FY17. The Company reported earnings per share (EPS) of $0.40 in the reported quarter compared to $0.23 in the year ago corresponding quarter, increasing 74% on a y-o-y basis. The Company’s adjusted EPS grew 68% to $0.47 in Q1 FY18 compared to $0.28 in Q1 FY17. Entegris’ adjusted EPS exceeded analysts’ estimates of $0.42.

Segment Details

Entegris operates through three business segments, namely (i) Specialty Chemicals and Engineered Materials (SCEM); (ii) Microcontamination Control (MC); and (iii) Advanced Materials Handling (AMH).

For Q1 FY18, the Company’s SCEM segment’s net sales increased to $130.7 million compared to $114.4 million in Q1 FY17, primarily due to improved sales of specialty materials and specialty gas products. The segment’s profit increased 36% to $31.6 million in the reported quarter compared to $23.1 million in the year ago same period.

Entegris’ MC segment’s net sales increased to $118.6 million in Q1 FY18 compared to $100.1 million in Q1 FY17, mainly due to strength in liquid chemistry filters for wet, etch, and clean, gas microcontamination and other products. The segment’s profit was $42.0 million in the reported quarter versus $31.0 million in the year ago comparable period, increasing 36% on a y-o-y basis.

During Q1 FY18, Entegris’ AMH segment’s sales rose to $117.8 million compared to $102.9 million in Q1 FY17, largely due to improved sales of liquid packaging, dispense products, and fluid handling products. The AHM segment’s profit increased 66% to $23.1 million in the reported quarter compared to $14.0 in the year ago corresponding period.

Cash Matters

As of March 31, 2018, Entegris’ cash and cash equivalents stood at $550.2 million compared to $391.2 million as of April 01, 2017.

Entegris had a long-term debt, excluding current maturities, of $549.8 million as of March 31, 2018, versus $460.3 million as of April 01, 2017.

Entegris generated a net cash inflow from operating activities of $38.8 million in the reported quarter compared to $33.4 million in year ago same period. The Company had a free cash flow of $17.8 million in Q1 FY18 compared to $11.2 million in Q1 FY17.

The Company repurchased shares out of its common stock at a total cost of $10.0 million.

Outlook

For Q2 FY18, Entegris expects revenues to be in the range of $370 million to $385 million, and net income to be in the band of $52 million to $59 million. The Company anticipates EPS to be in the band of $0.36 to $0.41, and adjusted EPS to be in the range of $0.42 to $0.47.

Stock Performance Snapshot

May 18, 2018 – At Friday’s closing bell, Entegris’ stock dropped 7.19%, ending the trading session at $34.20.

Volume traded for the day: 2.09 million shares, which was above the 3-month average volume of 977.15 thousand shares.

Stock performance in the last three-month – up 3.48%; previous six-month period – up 11.22%; past twelve-month period – up 44.30%; and year-to-date – up 12.32%

After last Friday’s close, Entegris’ market cap was at $5.22 billion.

Price to Earnings (P/E) ratio was at 27.69.

The stock has a dividend yield of 0.82%.

The stock is part of the Technology sector, categorized under the Semiconductor Equipment & Materials industry.

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