Group 1 - Entegris reported quarterly earnings of $0.84 per share, exceeding the Zacks Consensus Estimate of $0.77 per share, and up from $0.65 per share a year ago, representing an earnings surprise of 9.09% [1] - The company achieved revenues of $849.84 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 3.36% and increasing from $812.29 million year-over-year [2] - Entegris has outperformed the S&P 500, gaining approximately 4.9% since the beginning of the year compared to the S&P 500's gain of 3.1% [3] Group 2 - The current consensus EPS estimate for the upcoming quarter is $0.76 on revenues of $805.87 million, and for the current fiscal year, it is $3.63 on revenues of $3.54 billion [7] - The Electronics - Manufacturing Machinery industry, to which Entegris belongs, is currently ranked in the bottom 10% of over 250 Zacks industries, indicating potential challenges for stock performance [8] Group 3 - The estimate revisions trend for Entegris is currently unfavorable, resulting in a Zacks Rank 4 (Sell) for the stock, suggesting expected underperformance in the near future [6] - Cohu, another company in the same industry, is anticipated to report a quarterly loss of $0.11 per share, with a significant year-over-year decline in revenues expected [9]

Financial Performance - Net sales for Q4 2024 were $849.8 million, a 4.6% increase from $812.3 million in Q4 2023[3] - Net income for Q4 2024 was $102.2 million, significantly up from $38.0 million in Q4 2023, representing a 169% increase[3] - Total net sales for the twelve months ended December 31, 2024, were $3,241,208, a decrease of 8.0% compared to $3,523,926 for the same period in 2023[25] - Net income for the twelve months ended December 31, 2024, was $292,787, an increase of 62.0% from $180,669 in 2023[23] - Net sales for the three months ended December 31, 2024, were $849.8 million, an increase from $812.3 million in the same period last year, representing a growth of 4.0%[32] Earnings and Margins - Diluted non-GAAP earnings per share for Q4 2024 were $0.84, compared to $0.65 in Q4 2023, reflecting a 29% increase[3] - Adjusted EBITDA for Q4 2024 was 29.2% of net sales, up from 26.0% in Q4 2023[3] - Adjusted operating income for the three months ended December 31, 2024, was $200.1 million, up from $168.3 million year-over-year, indicating a growth of 18.9%[32] - The company reported an adjusted operating margin of 23.5% for the three months ended December 31, 2024, compared to 20.7% in the same period last year[32] - The adjusted operating margin for the first quarter of 2025 is projected to be between 21.2% and 22.6%[37] Future Outlook - For Q1 2025, the company expects sales between $775 million and $805 million, indicating a 7% year-on-year increase at the midpoint[4] - The company expects net sales for the first quarter of 2025 to be in the range of $775 million to $805 million, with a GAAP operating margin projected between 15.0% and 16.7%[37] - Non-GAAP net income for the first quarter of 2025 is anticipated to be between $97 million and $108 million, with diluted non-GAAP earnings per share expected to range from $0.64 to $0.71[37] Cost Management - The company reported a significant reduction in selling, general and administrative expenses, down to $109.6 million from $144.7 million in Q4 2023[3] - The company incurred restructuring costs of $3.9 million in the fourth quarter of 2024, compared to $2.3 million in the prior year[34] Asset and Debt Management - Total assets decreased to $8,394,620 as of December 31, 2024, down 4.7% from $8,812,591 in 2023[21] - Long-term debt decreased to $3,981,105 as of December 31, 2024, down 13.1% from $4,577,141 in 2023[21] - Cash and cash equivalents at the end of the period were $329,213, a decrease of 28.0% from $456,929 at the end of 2023[23] Segment Performance - Entegris operates in two segments: Materials Solutions and Advanced Purity Solutions, both contributing to improved device performance and reliability[6][7] - Segment profit for Advanced Purity Solutions for the twelve months ended December 31, 2024, was $496,131, a decrease of 6.6% from $531,448 in 2023[30] - Adjusted gross profit for the twelve months ended December 31, 2024, was $1,487,148, a decrease of 1.2% from $1,505,799 in 2023[27] Cash Flow - Net cash provided by operating activities for the twelve months ended December 31, 2024, was $631,721, a decrease of 2.0% from $644,476 in 2023[23] - Adjusted EBITDA for the three months ended December 31, 2024, reached $248.4 million, compared to $210.8 million in the same quarter last year, marking an increase of 17.9%[32]

Industry Overview - The Zacks Electronics - Manufacturing Machinery industry is facing challenging macroeconomic conditions globally, with softness in the 3D NAND end-market being a headwind [1] - Industry participants are benefiting from increased capital spending on high-performance computing, AI, mobility, augmented reality, virtual reality, advanced packaging, lithography, and wet processing solutions by semiconductor manufacturers [1] - The industry comprises companies providing solutions for wafer processing, device packaging, and test facilities, including thin-film processing systems, photonics, process-control tools, and advanced material-handling solutions [3] Key Trends Shaping the Industry - Miniaturization of electronic products is driving demand for advanced packaging solutions, with a consistent shift to smaller dimensions and new device architectures like FinFET transistors and 3D-NAND [4][5] - The complexity of semiconductor manufacturing processes is increasing due to the demand for faster, more powerful, and energy-efficient semiconductors, driven by cloud computing, IoT, and AI adoption [6][7] - Strong demand for NAND, DRAM, and SSDs, particularly from data centers and cloud spending, is benefiting industry participants [8][9] Industry Performance and Valuation - The Zacks Electronics - Manufacturing Machinery industry has underperformed the broader Zacks Computer and Technology sector and the S&P 500, returning 14% compared to the S&P 500's 24.4% and the sector's 27.1% over the past year [14] - The industry is trading at a trailing 12-month EV/EBITDA ratio of 8.88X, below the S&P 500's 18.73X and the sector's 18.78X [15] - The industry's earnings estimate for 2025 has decreased by 10.7% since September 30, 2024, reflecting a bearish outlook [12] Companies to Watch - **Entegris (ENTG)**: A leading supplier of advanced materials and process solutions for the semiconductor industry, expecting $10-$15 million in annualized cost savings to be reinvested in R&D and new operational capabilities [16][17] - **MKS Instruments (MKSI)**: Benefiting from strong adoption of Photonics and Optical solutions, with steady earnings estimates and a 10.6% share price increase over the past year [18][19] - **Axcelis Technologies (ACLS)**: Experiencing robust demand for ion implantation systems in the silicon carbide market, driven by the EV market, despite a 48.2% decline in share price over the past year [20][21]

TORONTO, Dec. 30, 2024 (GLOBE NEWSWIRE) -- Entourage Health Corp. (TSX-V: ENTG) (OTCQX: ETRGF) (FSE: 4WE) (the “Company” or “Entourage”) is pleased to announce that it has entered into a definitive arrangement agreement (the “Arrangement Agreement”) with 1001007762 Ontario Inc. (the “Purchaser”) and 2437653 Ontario Inc. (the “Guarantor”) pursuant to which the Purchaser will acquire all of the issued and outstanding common shares of the Company (the “Common Shares”) pursuant to a statutory plan of arrangemen ...

| --- | --- | --- | --- | --- | |-------|-------|-------|-------|--------------------| | | | | | | | | | | | | | | | | | | | | | | | Earnings | | | | | | Summary | | | | | | Third Quarter 2024 | | | | | | | | | | | | November 4, 2024 | | | | | | | 2 Safe Harbor This news release contains "forward-looking statements." The words "believe," "expect," "anticipate," "intend," "estimate," "forecast," "project," "should," "may," "will," "would" or the negative thereof and similar expressions are intended to identi ...

Entegris, Inc. (NASDAQ:ENTG) Q3 2024 Earnings Conference Call November 4, 2024 9:00 AM ET Company Participants Bill Seymour – Vice President-Investor Relations Bertrand Loy – President and Chief Executive Officer Linda LaGorga – Senior Vice President and Chief Financial Officer Conference Call Participants Toshiya Hari – Goldman Sachs Bhavesh Lodaya – BMO Capital Markets John Roberts – Mizuho Melissa Weathers – Deutsche Bank Atif Malik – Citi Charles Shi – Needham Tim Arcuri – UBS Christopher Parkinson – Wo ...

Entegris (ENTG) came out with quarterly earnings of $0.77 per share, missing the Zacks Consensus Estimate of $0.79 per share. This compares to earnings of $0.68 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -2.53%. A quarter ago, it was expected that this maker of equipment used in chip manufacturing would post earnings of $0.70 per share when it actually produced earnings of $0.71, delivering a surprise of 1.43%.Over the la ...

| --- | --- | --- | --- | |-------------------------------------------------------------------|------------------|------------------|------------------| | Non-GAAP Results | Sep 28, 2024 | Sep 30, 2023 | Jun 29, 2024 | | Adjusted gross margin - as a % of net sales | 46.0 % | 41.4 % | 46.2 % | | Adjusted operating margin - as a % of net sales | 23.0 % | 22.0 % | 22.0 % | | Adjusted EBITDA - as a % of net sales | 28.8 % | 26.5 % | 27.8 % | | Diluted non-GAAP earnings per common share | $0.77 | $0.68 | $0.71 | ...

Wall Street analysts expect Entegris (ENTG) to post quarterly earnings of $0.79 per share in its upcoming report, which indicates a year-over-year increase of 16.2%. Revenues are expected to be $830.73 million, down 6.5% from the year-ago quarter. Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 1.2% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period. Prior to a company's earnin ...

The Zacks Electronics - Manufacturing Machinery industry participants are benefiting from increased capital spending on high-performance computing, AI, mobility, augmented reality and virtual reality, advanced packaging, lithography and wet processing solutions by semiconductor manufacturers. The ongoing transformation in cloud computing is noteworthy. Entegris (ENTG) , MKS Instruments (MKSI) and Axcelis Technologies (ACLS) are gaining from the above-mentioned trends. These companies provide solutions to se ...