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EX - 99.1 2 entgq22021ex991.htm EX - 99.1 @ Entegris FOR RELEASE AT 6:00 AM EDT ● ● ENTEGRIS REPORTS RESULTS FOR SECOND QUARTER OF 2021 Second - quarter revenue of $ 571 million , increased 27 % from prior year Second - quarter GAAP diluted EPS of $ 0.65 , increased 30 % Second - quarter non - GAAP diluted EPS of $ 0.85 , increased 42 % BILLERICA , Mass . , July 27 , 2021 - Entegris , Inc. ( NASDAQ : ENTG ) , today reported its financial results for the Company's second quarter ended July 3 , 2021 . Second - quarter sales were $ 571.4 million , an increase of 27 % from the same quarter last year . Second - quarter GAAP net income was $ 88.8 million , or $ 0.65 per diluted share , which included $ 11.9 million of amortization of intangible assets and $ 0.6 million of integration costs . Non - GAAP net income was $ 116.7 million for the second quarter and non - GAAP earnings per diluted share was $ 0.85 . Bertrand Loy , Entegris ' president and chief executive officer , said : " Our excellent second quarter results were highlighted by 27 percent sales growth and record profitability and EPS . Revenue growth was strong across all three divisions , as we benefited from accelerating demand for our leading unit driven and CAPEX driven product lines . In an industry environment that continues to be very dynamic , our manufacturing and supply chain teams have performed exceptionally well and been instrumental in delivering 25 % organic growth in the first half of this year . " Quarterly Financial Results Summary ( in thousands , except percentages and per share data ) GAAP Results Net sales Operating income Operating margin - as a % of net sales PRESS RELEASE Bill Seymour VP of Investor Relations T + 1 952 556 1844 bill.seymour@entegris.com Mr. Loy added : " Our outlook for the full year 2021 has improved , as we benefit from an increasingly strong market environment and demand for our solution set that continues to be very good . Looking further ahead , the long - term fundamentals of the semiconductor market are very encouraging . Positive secular demand trends have become increasingly evident , the pace of node transitions for both logic and memory have quickened and device architectures are becoming much more complex . This is great news for Entegris , because the unique set of capabilities we have built around process materials and materials purity will be key enablers of these new chip architectures . And this will translate into our rapidly expanding served market and increasing Entegris content per wafer . " 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 July 3 , 2021 $ 571,352 $ 138,889 24.3 % $ 88,770 $ 0.65 $ 151,603 26.5 % $ 116,711 $ 0.85 Exhibit 99.1 June 27 , 2020 $ 448,405 $ 94,712 21.1 % $ 68,036 $ 0.50 $ 110,835 24.7 % $ 81,581 $ 0.60 April 3 , 2021 $ 512,844 $ 113,978 22.2 % $ 84,676 $ 0.62 $ 128,036 25.0 % $ 95,513 $ 0.70 Third - Quarter Outlook For the third quarter ending October 2 , 2021 , the Company expects sales of $ 575 million to $ 590 million , net income of $ 104 million to $ 111 million and diluted earnings per common share between $ 0.76 and $ 0.81 . On a non - GAAP basis , the Company