Entegris(ENTG) - 2024 Q3 - Earnings Call Presentation

Financial Performance Summary - Net Sales for 3Q24 were $807.7 million, a decrease of 9.1% compared to 3Q23 ($888.2 million) and a decrease of 0.6% compared to 2Q24 ($812.7 million)[3,4] - GAAP Net Income for 3Q24 was $77.6 million, a significant increase of 133.7% compared to 3Q23 ($33.2 million) and an increase of 14.6% compared to 2Q24 ($67.7 million)[3] - Diluted Earnings Per Common Share (GAAP) for 3Q24 was $0.51, a substantial increase of 131.8% compared to 3Q23 ($0.22) and an increase of 13.3% compared to 2Q24 ($0.45)[3] - Non-GAAP Net Income for 3Q24 was $117.6 million, an increase of 13.5% compared to 3Q23 ($103.6 million) and an increase of 9.8% compared to 2Q24 ($107.1 million)[4] - Diluted Non-GAAP Earnings Per Common Share for 3Q24 was $0.77, an increase of 13.2% compared to 3Q23 ($0.68) and an increase of 8.5% compared to 2Q24 ($0.71)[4] - Adjusted EBITDA for 3Q24 was $233.0 million, a decrease of 1.0% compared to 3Q23 ($235.3 million) and an increase of 3.0% compared to 2Q24 ($226.3 million)[4] Segment Performance - Materials Solutions (MS) Net Sales for 3Q24 were $346.6 million, a decrease of 20.4% compared to 3Q23 ($435.5 million), but an increase of 1.3% compared to 2Q24 ($342.3 million)[6] Excluding divestitures, Adjusted Net Sales for MS increased by 14.3% compared to 3Q23 ($303.3 million)[6] - Microcontamination Control (MC) Net Sales for 3Q24 were $287.0 million, a slight increase of 0.3% compared to 3Q23 ($286.2 million) and a decrease of 2.3% compared to 2Q24 ($293.8 million)[8] - Advanced Materials Handling (AMH) Net Sales for 3Q24 were $182.2 million, an increase of 1.1% compared to 3Q23 ($180.2 million) and a decrease of 3.2% compared to 2Q24 ($188.2 million)[11] Balance Sheet and Cash Flow - Cash and Cash Equivalents at the end of 3Q24 were $432.1 million, compared to $594.0 million in 3Q23 and $320.0 million in 2Q24[14,15] - Free Cash Flow for 3Q24 was $115.0 million, compared to $121.9 million in 3Q23 and $51.9 million in 2Q24[15] Outlook - The company provides 4Q24 Net Sales guidance of $810 - $840 million[16,17]