ENTEGRIS Sees Revenue Decrease of 51.4% in Fourth Quarter of FY2022, But Net Income Increases 48.9% Year-Over-Year
March 3, 2023
Earnings report
ENTEGRIS ($NASDAQ:ENTG) reported earnings results for the fourth quarter of FY2022, which ended on December 31, 2022, on February 14, 2023. The company announced that their total revenue for the quarter was USD 57.4 million, a decrease of 51.4% compared to the same period the previous year. Despite the decrease in revenue, ENTEGRIS was able to ensure a positive performance in net income, with a 48.9% year-over-year increase to USD 946.1 million. This reflects the company’s continued commitment to streamlining operations and maximizing cost efficiency.
The company has been successful in leveraging technology to increase operational efficiency and delivering consistent high-quality products to customers despite the difficult market conditions. Going forward, ENTEGRIS is positioned to weather any further turbulence in the global financial markets and deliver continued growth for its shareholders.
Share Price
On Tuesday, ENTEGRIS reported its financial results from the fourth quarter of FY2022. The company saw a decrease in revenue of 51.4% from the prior year, but nonetheless an increase in net income of 48.9% year-over-year. This was also reflected in the stock market that day; ENTEGRIS opened at $82.4 and closed at $85.1, up 0.2% from prior closing price of 84.9. Despite the decrease in revenue, it appears investors remain confident in their outlook for the company. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Entegris. More…
| Total Revenues | Net Income | Net Margin |
| 3.28k | 208.92 | 6.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Entegris. More…
| Operations | Investing | Financing |
| 352.28 | -4.95k | 4.77k |
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 |
| 10.14k | 6.92k | 20.91 |
Key Ratios Snapshot
Some of the financial key ratios for Entegris are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 27.3% | 26.1% | 13.9% |
| FCF Margin | ROE | ROA |
| -3.5% | 9.1% | 2.8% |
Analysis
GoodWhale conducted an analysis of ENTEGRIS‘s wellbeing. The Star Chart revealed that ENTEGRIS scored 8/10 in terms of its health score, which is a very high score considering its cashflows and debt. This indicates that ENTEGRIS is in a very good financial position and can safely ride out any crisis without the risk of bankruptcy. This is an attractive option for investors seeking stability and growth potential in their investments. Furthermore, ENTEGRIS is strong in terms of assets, dividends and profitability. This provides potential investors with an indication of the security and performance of their investment, as well as the potential for long-term gains. Therefore, investors with a focus on long-term growth and security may be interested in investing in ENTEGRIS. 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 Inc. has reported a total revenue of $57.4 million in the quarter, a decrease of 51.4% year over year. However, the company was able to compensate for this with an impressive increase of 48.9% in net income over the same period, reaching $946.1 million. This indicates a solid financial performance by Entegris, despite the pandemic-induced economic downturn. Investors are likely to be encouraged by the strong net income figures and overall bullish outlook of the company.
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