Entegris' Fiscal Q1 Adjusted Earnings Rise While Net Sales Drop; Fiscal Q2 Outlook Set-February 2024-www.financetom.com

Entegris' Fiscal Q1 Adjusted Earnings Rise While Net Sales Drop; Fiscal Q2 Outlook Set

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Entegris' Fiscal Q1 Adjusted Earnings Rise While Net Sales Drop; Fiscal Q2 Outlook Set

May 1, 2024 4:18 AM

06:48 AM EDT, 05/01/2024 (MT Newswires) -- Entegris ( ENTG ) reported fiscal Q1 non-GAAP earnings Wednesday of $0.68 per diluted share, up from $0.65 a year earlier.

Analysts polled by Capital IQ expected $0.62.

Net sales for the quarter ended March 30 was $771 million, down from $922.4 million a year earlier.

Analysts surveyed by Capital IQ expected $771.6 million.

The company said it expects fiscal Q2 non-GAAP earnings of $0.68 to $0.73 per diluted share. Analysts polled by Capital IQ expect $0.73.

Sales for the fiscal quarter is projected to be $790 million to $810 million, the company said. Analysts surveyed by Capital IQ expect $813.4 million.

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