Entegris Q1 Adj. Profit Tops View; Issues Q2 Outlook - Quick Facts

(RTTNews) - Entegris, Inc. (ENTG), a provider of yield-enhancing materials and solutions for advanced manufacturing processes, reported first-quarter GAAP net income to $14.9 million, or $0.11 per share, up from $14.3 million, or $0.10 per share, in the comparable quarter last year. The recent quarter's earnings included amortization of intangible assets of $12.3 million and aggregated acquisition and integration-related costs of $2.6 million associated with the April 30, 2014 acquisition of ATMI, Inc.

Non-GAAP net income for the latest first quarter amounted to $25.4 million, or $0.18 per share, compared to $16.7 million or $0.12 per share in the year-ago period. On average, 6 analysts polled by Thomson Reuters expected earnings per share of $0.17 for the quarter. Analysts' estimates typically exclude one-time items.

The firm recorded quarterly sales of $263.37 million, compared with the prior-year figure of $165.80 million. Four analysts projected sales of $265.38 million for the quarter.

For the second quarter ending June 27, 2015, the company expects earnings per share in the range of $0.10 to $0.13 per share, non-GAAP earnings in the range of $0.18 to $0.21 per share and sales of $265 million to $280 million. Analysts currently expect second quarter earnings of $0.21 per share on revenues of $277.18 million.