Entegris(US:ENTG)2025-10-30 11:03Financial Performance - Net sales for Q3 2025 were $807.1 million, slightly down from $807.7 million in Q3 2024[3] - GAAP diluted EPS for Q3 2025 was $0.46, compared to $0.51 in Q3 2024[4] - Non-GAAP diluted EPS for Q3 2025 was $0.72, down from $0.77 in Q3 2024[3] - Gross margin as a percentage of net sales was 43.5% in Q3 2025, down from 46.0% in Q3 2024[3] - Net income for the three months ended September 27, 2025, was $70.5 million, down 9.0% from $77.5 million in the prior year[21] - Adjusted operating income for the three months ended September 27, 2025, was $170.3 million, with an adjusted operating margin of 21.1%[29] - The company reported a segment profit of $183.4 million for the three months ended September 27, 2025, down from $199.1 million in the same period last year, a decrease of 7.9%[23] - Total adjusted operating income for the nine months ended September 27, 2025, was $506.5 million, compared to $542.9 million for the same period in 2024, a decline of 6.7%[27] Future Projections - The company expects Q4 2025 sales to be between $790 million and $830 million, with GAAP net income projected between $53 million and $64 million[5] - The company expects fourth quarter net sales to be in the range of $790 million to $830 million, with a GAAP operating margin of 13.5% to 15.4%[34] - Non-GAAP net income for the fourth quarter is projected to be between $95 million and $105 million, with diluted non-GAAP earnings per share expected to range from $0.62 to $0.69[34] Assets and Liabilities - Total current assets increased to $1,696.9 million as of September 27, 2025, compared to $1,616.3 million at the end of 2024, reflecting a growth of 5.0%[19] - Cash and cash equivalents at the end of the period were $399.8 million, an increase of 21.4% from $329.2 million at the end of 2024[21] - Total liabilities decreased to $4,710.0 million as of September 27, 2025, down from $4,724.0 million at the end of 2024, a reduction of 0.3%[19] - Long-term debt decreased to $3,842.8 million as of September 27, 2025, from $3,981.1 million at the end of 2024, a reduction of 3.5%[19] Operational Highlights - Adjusted EBITDA for Q3 2025 was 27.3% of net sales, consistent with the previous quarter[3] - Entegris anticipates significant growth in content per wafer, leading to market outperformance and margin expansion[2] - The company operates in two segments: Materials Solutions and Advanced Purity Solutions, focusing on semiconductor manufacturing[6][7] - Entegris has approximately 8,000 employees and operates globally, with facilities in multiple countries[10] Cost Management - Integration costs included $1.7 million in restructuring costs for the three months ended September 27, 2025[31] - The company reported a decrease in interest expense, net, to $46.1 million for the three months ended September 27, 2025, compared to $50.4 million in the same period last year[29] Sales Performance - Total net sales for the three months ended September 27, 2025, were $807.1 million, a slight decrease of 0.1% compared to $807.7 million for the same period in 2024[23] - Adjusted net sales (excluding divestiture) for the nine months ended September 27, 2025, were $2,372.7 million, compared to $2,357.5 million in the prior year[32]