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EX - 99.1 2 entgq12021ex991.htm EX - 99.1 @ Entegris FOR RELEASE AT 6:00 AM EDT ● ● ENTEGRIS REPORTS RESULTS FOR FIRST QUARTER OF 2021 First - quarter revenue of $ 513 million , increased 24 % from prior year First - quarter GAAP diluted EPS of $ 0.62 , increased 38 % First - quarter Non - GAAP diluted EPS of $ 0.70 , increased 27 % BILLERICA , Mass . , April 27 , 2021 - Entegris , Inc. ( NASDAQ : ENTG ) , today reported its financial results for the Company's first quarter ended April 3 , 2021 . First - quarter sales were $ 512.8 million , an increase of 24 % from the same quarter last year . First - quarter GAAP net income was $ 84.7 million , or $ 0.62 per diluted share , which included $ 11.9 million of amortization of intangible assets and $ 2.0 million of integration costs . Non - GAAP net income was $ 95.5 million for the first - quarter and non - GAAP earnings per diluted share was $ 0.70 . Bertrand Loy , Entegris ' president and chief executive officer , said : " First quarter revenue growth was primarily driven by accelerating industry conditions and strong demand for our leading - edge solutions , especially in liquid filtration , advanced deposition materials and specialty coatings . We also continued to have strong demand for our Aramus high purity bags , which are used for the distribution and storage of the Covid - 19 vaccine and other biologics . " Quarterly Financial Results Summary ( in thousands , except percentages and per share data ) Mr. Loy added : " The semiconductor market looks very healthy across all customer segments , bolstered by a robust global GDP outlook and strong overall chip demand , driven by accelerated digitalization , 5G and high - performance computing . In addition , more wafers are being produced at the more advanced nodes where we enjoy greater Entegris content per wafer . Consequently , our outlook for the full year 2021 has improved significantly , and our teams are intensely focused on meeting the record level of demand for our products . " GAAP Results Net sales Operating income Operating margin - as a % of net sales Net income Diluted earnings per common share Non - GAAP Results Non - GAAP adjusted operating income Non - GAAP adjusted operating margin - as a % of net sales | Non - GAAP net income Diluted non - GAAP earnings per common share PRESS RELEASE Bill Seymour VP of Investor Relations T + 1 952 556 1844 bill.seymour@entegris.com April 03 , 2021 $ 512,844 $ 113,978 22.2 % $ 84,676 $ 0.62 $ 128,036 25.0 % $ 95,513 $ 0.70 March 28 , 2020 Exhibit 99.1 $ 412,327 $ 80,744 19.6 % $ 61,006 $ 0.45 $ 99,638 24.2 % $ 75,571 $ 0.55 December 31 , 2020 $ 517,594 $ 113,228 21.9 % $ 86,624 $ 0.63 $ 126,945 24.5 % $ 97,123 $ 0.71 Second - Quarter Outlook For the second quarter ending July 3 , 2021 , the Company expects sales of $ 530 million to $ 545 million , net income of $ 77 million to $ 84 million and diluted earnings per common share between $ 0.56 and $ 0.61 . On a non - GAAP basis , the company expects diluted earnings per common share to range from $ 0.77 to $ 0.82 , reflecting net income on a non - GAAP basis in the range of $ 106 million to $ 113 million .