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Entegris (ENTG)
NASDAQ:ENTG
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Earnings Data
Report Date
Feb 11, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.79Last Year’s EPS
$0.65Same Quarter Last Year
Strong Buy
Based on 9 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 04, 2024
|% Change Since: -7.09%
|Next Earnings Date:Feb 11, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture with notable progress in key projects and cost-saving initiatives, but also highlighted challenges in the semiconductor market and specific supply chain issues. The company's strategic actions and future growth opportunities provide reasons for cautious optimism.Company Guidance
During the Entegris Q3 2024 earnings call, the company reported a 7% year-over-year revenue growth, excluding divestitures. The Materials Solutions (MS) division saw a notable 14% increase in sales, particularly in CMP slurries and pads, advanced deposition materials, and etching chemistries. The Advanced Materials Handling (AMH) and Microcontamination (MC) divisions experienced slight growth, impacted by reduced demand from mainstream logic customers and slower fab construction. Despite these challenges, Entegris maintained a gross margin of 46%, with an adjusted EBITDA margin of 28.8% and non-GAAP EPS of $0.77. Looking ahead, Entegris anticipates Q4 sales between $810 million and $840 million, with a continued focus on optimizing operations and investing in new capabilities, such as their new facilities in Taiwan and Colorado. The company expects to achieve $10 million to $15 million in annualized cost savings from the combination of AMH and MC divisions, aiming for long-term growth aligned with evolving customer technology roadmaps.Revenue Growth in MS Division
MS division sales were up 14% year-on-year, excluding divestitures, driven by CMP slurries and advanced deposition materials.
Cost Synergies and R&D Investments
$10 million to $15 million in annualized cost savings expected from combining AMH and MC divisions, to be reinvested in R&D and operational capabilities.
Progress in Taiwan and Colorado Facilities
Progress in customer qualifications in Taiwan and completion of Phase 1 building in Colorado, with production ramp expected in the second half of 2025.
Debt Reduction Achievements
Paid down approximately $1.9 billion of total debt since the CMC acquisition.
Positive Outlook for Molybdenum Opportunities
Key POR wins for molybdenum deposition materials with expectations for implementation in upcoming 3D NAND node transitions.
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ENTG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ENTG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 04, 2024 | $107.05 | $100.98 | -5.67% |
| Jul 31, 2024 | $122.23 | $118.18 | -3.31% |
| May 01, 2024 | $132.69 | $123.10 | -7.23% |
| Feb 13, 2024 | $123.78 | $130.85 | +5.71% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Entegris (ENTG) report earnings?
Entegris (ENTG) is schdueled to report earning on Feb 11, 2025, TBA Not Confirmed.
What is Entegris (ENTG) earnings time?
Entegris (ENTG) earnings time is at Feb 11, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ENTG EPS forecast?
ENTG EPS forecast for the fiscal quarter 2024 (Q4) is $0.79.
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