Semiconductor materials supplier Entegris Inc. (NASDAQ: ENTG) reported strong financial results for the fourth quarter of 2024 (Q4 CY2024), with revenue and earnings exceeding analysts' expectations. However, the company's guidance for the first quarter of 2025 (Q1 CY2025) was slightly below Wall Street's estimates.

In Q4 CY2024, Entegris' revenue rose 4.6% year-over-year to $849.8 million, beating the consensus estimate of $823 million. The company's adjusted earnings per share (EPS) of $0.84 also surpassed analysts' expectations of $0.78.

Entegris' adjusted operating income and adjusted EBITDA also exceeded analysts' forecasts, driven by strong operational performance and continued market outperformance. The company's CEO, Bertrand Loy, highlighted Entegris' ability to demonstrate leverage in its model, with EBITDA growth twice the rate of its sales growth.

However, the company's guidance for Q1 CY2025 was slightly less impressive. Entegris projected revenue of around $790 million at the midpoint, falling short of analysts' estimates of $795.1 million. Additionally, the company's adjusted EPS guidance for Q1 CY2025 of $0.68 at the midpoint was below analysts' expectations of $0.74.

Loy acknowledged limited visibility outside of advanced logic and AI-driven applications and stated that the company has yet to see evidence of a significant broad-based semiconductor market rebound. Nevertheless, he expressed confidence in the long-term growth outlook of the semiconductor industry and Entegris' ability to capitalize on upcoming technology node transitions.