Entegris reports Q3 non-GAAP EPS 68c, consensus 60c

Reports Q3 revenue $888.2M, consensus $891.87M. CEO Bertrand Loy said: “The Entegris team delivered another quarter of solid results and execution, in what remains a challenging industry environment. Our revenue was down 1% sequentially, in line with expectations, and we continued to enjoy growth in product lines that are of increasing importance to our customers. During the quarter, we made great progress on key commitments and initiatives…the timing of the industry recovery continues to be uncertain. In this environment, we are effectively managing costs in the short-term, while making critical investments for the future. The long-term growth prospects for the semiconductor industry remain intact and the industry is entering a period of unprecedented technology change and device complexity. These trends are very favorable for Entegris, because our value proposition is unique and increasingly integral to our customers’ roadmaps, especially in the areas of materials science, materials purity, and end-to-end solutions. This will ultimately translate into rapidly expanding content per wafer and superior growth for Entegris.”