ENTEGRIS Reports Successful Second Quarter Earnings For FY 2023
August 27, 2023
☀️Earnings Overview
On August 3, 2023, ENTEGRIS ($NASDAQ:ENTG) released their second quarter earnings results for the fiscal year 2023, which ended June 30, 2023. Total revenue increased by 30.1% year-over-year to USD 901.0 million, and net income grew 98.7% to USD 197.6 million.
Share Price
On Thursday, ENTEGRIS reported its earnings for the second quarter of the fiscal year 2023. The company’s stock opened at $103.0 and closed at $102.7, down by 0.8% from the previous closing price of 103.6. ENTEGRIS was able to exceed its guidance for the quarter, showing strong growth in the areas of performance materials, specialty chemicals, and advanced materials. Overall, ENTEGRIS had a successful second quarter for FY 2023 with profits and total revenue increasing compared to the prior year.
This positive performance is a testament to the company’s focus on delivering high quality products to its customers. ENTEGRIS is confident that its strategic initiatives will continue to drive growth throughout the rest of the year and beyond. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Entegris. ENTEGRIS_Reports_Successful_Second_Quarter_Earnings_For_FY_2023″>More…
| Total Revenues | Net Income | Net Margin |
| 3.76k | 93.2 | 1.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Entegris. ENTEGRIS_Reports_Successful_Second_Quarter_Earnings_For_FY_2023″>More…
| Operations | Investing | Financing |
| 456.47 | -4.7k | 2.08k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Entegris. ENTEGRIS_Reports_Successful_Second_Quarter_Earnings_For_FY_2023″>More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 9.91k | 6.56k | 22.33 |
Key Ratios Snapshot
Some of the financial key ratios for Entegris are shown below. ENTEGRIS_Reports_Successful_Second_Quarter_Earnings_For_FY_2023″>More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 30.8% | 6.2% | 11.5% |
| FCF Margin | ROE | ROA |
| -1.8% | 8.3% | 2.7% |
Analysis
GoodWhale recently conducted an analysis of ENTEGRIS‘s wellbeing. According to our Star Chart, ENTEGRIS demonstrated strength in asset, dividend, growth, and profitability. As such, we classified ENTEGRIS as a ‘gorilla’ company – one that has achieved stable and high revenue or earning growth due to its strong competitive advantage. Given the strength of this company, it is likely that various types of investors may be interested in such a company. ENTEGRIS has a high health score of 8/10 with regard to its cashflows and debt, which implies that it is capable of paying off debt and funding future operations. This is an attractive factor for investors due to the assurances it provides about the company’s financial stability. More…
Peers
Entegris, Inc. is a leading provider of advanced materials and process solutions for the microelectronics industry. The company’s products and services help customers increase productivity, improve product quality, and lower manufacturing costs. Entegris is headquartered in Billerica, Massachusetts and has manufacturing, customer service, and research and development facilities in North America, Europe, and Asia. The company’s common stock is listed on the Nasdaq Global Select Market under the symbol ENTG.
Entegris’ primary competitors are AXT, Inc., Sino-American Silicon Products, Inc., and Oxford Instruments plc. These companies are all leaders in the provision of advanced materials and process solutions for the microelectronics industry.
– AXT Inc ($NASDAQ:AXTI)
AXT, Inc., together with its subsidiaries, focuses on the design, development, and manufacture of compound and single element semiconductor substrates in China, Taiwan, South Korea, and Japan. The company operates in two segments, Optical Communications and Emerging Markets.
– Sino-American Silicon Products Inc ($TPEX:5483)
Sino-American Silicon Products Inc is a leading global supplier of silicon wafers. The company has a market cap of 71.23B as of 2022 and a ROE of 30.39%. The company’s products are used in a wide range of applications including semiconductor manufacturing, solar energy, LED lighting, and power electronics.
– Oxford Instruments PLC ($LSE:OXIG)
Oxford Instruments PLC is a world leader in the design and manufacture of high-performance scientific instruments and systems for research and industrial applications. Its products are used in a wide range of fields, from nuclear magnetic resonance and electron microscopy to materials science and environmental analysis. The company has a market capitalization of 1.08 billion as of 2022 and a return on equity of 13.3%. Oxford Instruments is headquartered in the United Kingdom and has operations in more than 30 countries.
Summary
ENTEGRIS reported a strong second quarter for the fiscal year 2023, with total revenue increasing by 30.1% year-over-year. Net income grew by an impressive 98.7%, reaching USD 197.6 million. This is an encouraging sign for investors looking to invest in ENTEGRIS as the company is showing growth despite the current economic climate. This strong performance is likely to continue and should make ENTEGRIS a great buy for long-term investors, as well as those looking for a short-term boost to their portfolio.
