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Entegris Inc (ENTG) SEC Filing 10-Q Quarterly report for the period ending Saturday, September 29, 2018

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Entegris Inc

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CIK: 1844419 Ticker: ENTG
      entegrislogoa27.jpg
 
 
PRESS RELEASE

Bill Seymour
VP of Investor Relations
T + 1 978 436 6500
irelations@entegris.com


Exhibit 99.1
FOR RELEASE AT 6:00 AM EST

ENTEGRIS REPORTS SOLID RESULTS IN THIRD QUARTER OF 2018

•Record third-quarter revenue of $398.6 million grew 15% from prior year
•GAAP net income per diluted share of $0.34 increased 21% from a year ago
•Non-GAAP net income per diluted share of $0.46 increased 15% from a year ago

BILLERICA, Mass., October 25, 2018 -
Entegris, Inc. (NasdaqGS: ENTG), a leader in specialty chemicals and advanced materials solutions for the microelectronics industry, today reported its financial results for the Company’s third quarter ended September 29, 2018.
Third-quarter sales were $398.6 million, an increase of 15% from the same quarter last year and a 4% increase sequentially. Third-quarter net income was $48.1 million, or $0.34 per diluted share, which included $21.4 million of amortization of intangible assets, a $3.3 million charge for fair value write-up of acquired inventory sold, a $2.6 million net tax effect related to the Tax Cuts and Jobs Act, $0.8 million of integration costs and transaction expenses associated with the purchase of SAES Pure Gas and $0.5 million of a loss on the sale of a cleaning services business based in France. Non-GAAP net income of $65.6 million, or $0.46 per diluted share, both increased 15%, compared to the third quarter of 2017.
For the first nine months of fiscal 2018, sales of $1.1 billion increased 16% from the same period a year ago. For the first nine months of 2018, net income was $160.0 million, or $1.12 per share, which included $45.1 million of amortization of intangible assets, a $0.4 million net tax effect related to the Tax Cuts and Jobs Act, $7.1 million of integration costs and transaction expenses associated with the purchase of SAES Pure Gas, a $3.5 million charge for fair value write-up of acquired inventory sold, and $0.5 million of a loss on the sale of a cleaning services business based in France. Non-GAAP net income for the first nine months of 2018 of $203.5 million, or $1.42 per diluted share, both increased 39% compared to the first nine months of 2017.
Bertrand Loy, president and chief executive officer, said: "In the third quarter we demonstrated the value and resilience of our broad unit driven business platform, as we achieved record sales and delivered solid performance in a mixed environment. Our recent acquisition of SAES Pure Gas is performing well and its sales have exceeded our expectations during the quarter, reflecting key secular demand drivers for higher process purity."

Mr. Loy added:  "Our unique capability to address the industry's increasing materials complexity and purity challenges is driving our long-term growth prospects and our ability to outperform the market. For the full year 2018 we expect to leverage our sales growth of approximately 15 percent into growth of our non-GAAP earnings per share of approximately 30 percent."





_________________________________________________________________________
ENTEGRIS, INC.

129 Concord Road, Building 2

T + 1 978 436 6500
entegris.com

Billerica, MA 01821 USA
F + 1 978 436 6745

The following information was filed by Entegris Inc (ENTG) on Thursday, October 25, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Entegris Inc's 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets (Parenthetical)
Condensed Consolidated Statements Of Cash Flows
Condensed Consolidated Statements Of Comprehensive Income
Condensed Consolidated Statements Of Operations
Acquisition (Notes)
Acquisition Acquisition (Tables)
Acquisition Additional Acquisition (Details)
Acquisition Proforma Information (Details)
Acquisition Purchase Price Allocation (Details)
Earnings Per Common Share
Earnings Per Common Share (Tables)
Fair Value
Fair Value (Details)
Fair Value (Tables)
Fair Value Losses Associated With Derivatives (Details)
Goodwill And Intangible Assets
Goodwill And Intangible Assets (Tables)
Goodwill And Intangible Assets Estimated Future Amortization Expense (Detail)
Goodwill Rollforward (Details)
Income Tax (Notes)
Income Tax (Tables)
Income Tax Additional Details (Details)
Income Tax Rate Reconciliation (Details)
Information About Derivative Positions (Detail)
Intangible Assets (Detail)
Inventories
Inventories (Detail)
Inventories (Tables)
Reconciliation Of Share Amount Used In Computation Of Basic And Diluted Earnings Per Share (Eps) (Detail)
Reconciliation Of Total Segment Profit To Operating Income (Details)
Revenues (Details)
Revenues (Notes)
Revenues (Tables)
Revenues Contract Balances (Details)
Revenues Significant Changes In Contract Liabilities (Details)
Segment Reporting
Segment Reporting (Tables)
Shares Excluded Underlying Stock Based Award From Calucations Of Diluted Eps (Detail)
Summary Of Financial Information For Reportable Segments (Details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (Policies)
Summary Of Significant Accounting Policies Additional Details (Details)

Material Contracts, Statements, Certifications & more

Entegris Inc provided additional information to their SEC Filing as exhibits

Exhibit 31.1: Rule 13A-14(A)/15D-14(A) Certification
Exhibit 31.2: Rule 13A-14(A)/15D-14(A) Certification
Exhibit 32.1: Section 1350 Certification
Ticker: ENTG
CIK: 1101302
Form Type: 10-Q Quarterly Report
Accession Number: 0001101302-18-000053
Submitted to the SEC: Thu Oct 25 2018 4:04:44 PM EST
Accepted by the SEC: Thu Oct 25 2018
Period: Saturday, September 29, 2018
Industry: Plastics Products

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