Entegris (ENTG) Misses Q3 EPS by 4c, Revenues Miss; Offers 4Q EPS/Revenue Outlook Below Consensus

Entegris (NASDAQ: ENTG) reported Q3 EPS of $0.46, $0.04 worse than the analyst estimate of $0.50. Revenue for the quarter came in at $398.6 million versus the consensus estimate of $404.46 million.

• Record third-quarter revenue of $398.6 million grew 15% from prior year
• GAAP net income per diluted share of $0.34 increased 21% from a year ago
• Non-GAAP net income per diluted share of $0.46 increased 15% from a year ago

Bertrand Loy, president and chief executive officer, said: "In the third quarter we demonstrated the value and resilience of our broad unit driven business platform, as we achieved record sales and delivered solid performance in a mixed environment. Our recent acquisition of SAES Pure Gas is performing well and its sales have exceeded our expectations during the quarter, reflecting key secular demand drivers for higher process purity."

Mr. Loy added: "Our unique capability to address the industry\'s increasing materials complexity and purity challenges is driving our long-term growth prospects and our ability to outperform the market. For the full year 2018 we expect to leverage our sales growth of approximately 15 percent into growth of our non-GAAP earnings per share of approximately 30 percent."

GUIDANCE:

Entegris sees Q4 2018 EPS of $0.41-$0.48, versus the consensus of $0.50. Entegris sees Q4 2018 revenue of $380-400 million, versus the consensus of $403.83 million.

For earnings history and earnings-related data on Entegris (ENTG) click here.

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