Entegris Reports Q4 Earnings, Exceeding Analyst Estimates
BILLERICA, Mass. - Entegris Inc. (ENTG) announced its financial results for the fourth quarter on Thursday. The company posted a net income of $102.2 million, translating to earnings per share of 67 cents. After adjusting for one-time items, adjusted earnings per share reached 84 cents, surpassing Wall Street expectations.
Analysts polled by Zacks Investment Research had forecast earnings of 77 cents per share. Entegris also reported revenue of $849.8 million for the quarter, exceeding consensus estimates of $822.2 million.
For the full year, Entegris' net income amounted to $292.8 million, or $1.93 per share, with revenue reaching $3.24 billion.
Looking ahead, the company anticipates earnings per share in the range of 64 to 71 cents for the first quarter of fiscal 2023. Revenue is projected between $775 million and $805 million.