ENTEGRIS Sees 42% Revenue Increase in First Quarter of FY2023.
May 30, 2023
Earnings Overview
For the first quarter of its fiscal year ending March 31, 2023, ENTEGRIS ($NASDAQ:ENTG) reported total revenue of USD 922.4 million, a 42.0% increase from the same period in the previous year. However, its net income for the period was USD -88.2 million, a decrease from last year’s USD 125.7 million.
Analysis
GoodWhale’s analysis of ENTEGRIS‘s financials reveals that the company is strong in asset, dividend, growth, and profitability. This has led to ENTEGRIS being classified as a ‘gorilla’ company – one that has achieved consistent and high revenue or earning growth thanks to its strong competitive advantage. Given its strengths, ENTEGRIS may be attractive to a variety of investors. Those who value a high dividend yield will be pleased to see that the company is sound in this regard, while those who prefer growth opportunities will be glad to note its strong record in this area. Moreover, ENTEGRIS has a high health score of 8/10 with regard to its cashflows and debt, suggesting that it is capable of sustaining future operations in times of crisis. All in all, ENTEGRIS appears to be an attractive investment opportunity for a range of investors. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Entegris. More…
| Total Revenues | Net Income | Net Margin |
| 3.55k | -4.95 | 1.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Entegris. More…
| Operations | Investing | Financing |
| 440.37 | -4.86k | 4.79k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Entegris. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 10.07k | 6.9k | 21.17 |
Key Ratios Snapshot
Some of the financial key ratios for Entegris are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 30.2% | 15.4% | 9.0% |
| FCF Margin | ROE | ROA |
| -2.1% | 6.3% | 2.0% |
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, Inc. posted total revenues of $922.4 million in the first quarter of FY2023 ending March 31 2023, an increase of 42.0% compared to the same period in the prior fiscal year. Despite this impressive revenue growth, the company posted a net loss of $88.2 million due to higher-than-expected costs associated with the quarter. Despite this, the stock price rose on the day of the announcement, indicating that investors remain confident in the company’s financials and outlook going forward. Looking ahead, investors should keep an eye on the company’s ability to sustain its growth trajectory and continue to reduce costs and improve profitability.
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