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BILLERICA, Mass. - Entegris, Inc. (NASDAQ:ENTG) reported first quarter earnings that fell short of analyst expectations, while also issuing disappointing guidance, sending shares down 7% in trading.
The semiconductor materials and solutions provider posted adjusted earnings per share of $0.67, missing the consensus estimate of $0.68. Revenue for the quarter came in at $773.2 million, below analyst projections of $791.6 million but up 0.3% YoY. Excluding the impact of a divestiture, adjusted net sales increased 5% from the prior year.
Entegris provided weak guidance for the second quarter, forecasting EPS of $0.60-$0.67, below the $0.71 consensus. The company expects Q2 revenue between $735-775 million, also falling short of the $823.5 million analyst estimate.
CEO Bertrand Loy cited strong demand for CMP consumables and micro contamination control solutions, but noted that "new tariff regimes have increased uncertainty in our industry and have impacted forward visibility." He added that Entegris is "actively working with our customers and suppliers to fully leverage our global manufacturing footprint and regional supply chain capabilities to mitigate cost and revenue impacts of tariffs."
Despite near-term headwinds, Loy expressed optimism about long-term prospects: "Our customers’ technology roadmaps are calling for new materials and ever-greater purity to improve device performance and achieve optimal yields. Our expertise in materials science and materials purity is increasingly valuable and is expected to fuel our growth and market outperformance in the years to come."
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