Investing.com - Entegris, Inc. (NASDAQ:ENTG) reported fourth-quarter 2024 results that exceeded analyst expectations, but provided first-quarter 2025 guidance below consensus estimates.
The semiconductor materials and solutions provider posted adjusted earnings per share (EPS) of $0.84, surpassing the analyst estimate of $0.79. Revenue for the quarter reached $849.84 million, beating the consensus expectation of $828.02 million and marking an 11% increase YoY when excluding the impact of divestitures.
Bertrand Loy, Entegris’ President and CEO, commented on the results: "We concluded 2024 with strong performance in the fourth quarter, exceeding our guidance for both sales and non-GAAP EPS. For the year, we continued to outperform the market and demonstrated leverage in our model with EBITDA growth that was twice the rate of our sales growth."
Looking ahead, Entegris provided first-quarter 2025 guidance that fell short of analyst expectations. The company forecasts adjusted EPS between $0.64 and $0.71, below the consensus estimate of $0.78. Revenue is projected to be in the range of $775 million to $805 million, compared to the analyst consensus of $795.4 million.
Loy addressed the industry outlook, stating, "As we enter 2025, visibility outside of advanced logic and AI-driven applications remains limited and we have yet to see evidence of a significant broad-based semiconductor market rebound."
Despite near-term challenges, Entegris remains optimistic about long-term growth prospects in the semiconductor industry, citing increasing process complexity and upcoming technology node transitions as opportunities for the company’s materials science expertise.
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