By Don Nico Forbes
Entegris posted higher profit and revenue in the fourth quarter, and provided guidance for the first quarter of 2025.
The maker of materials used in semiconductor production posted a profit of $102.2 million, or 67 cents a share, compared with $37.9 million, or 25 cents a share, in the same quarter a year ago.
Stripping out one-time items, adjusted earnings were 84 cents a share. A consensus of analysts polled by FactSet expected 78 cents a share
Quarterly sales rose 5% to $850 million, beating analyst estimates of $823 million, according to FactSet.
Adjusted net sales, excluding the impact of divestitures, rose 11%.
For the first quarter of 2025, the company expects sales of $775 million to $805 million. The midpoint of this outlook range represents a 7% on-year rise, excluding the impact of divestitures.
On an adjusted basis, earnings per share are expected to be in the range of 64 cents to 71 cents.
"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," Chief Executive Bertrand Loy said, but noted confidence in the long-term growth outlook of the semiconductor industry.
Write to Don Nico Forbes at don.forbes@wsj.com
(END) Dow Jones Newswires
February 06, 2025 06:12 ET (11:12 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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