Summary
Entegris, Inc. (ENTG) reported a slight decrease in net sales for the third quarter of fiscal year 2025, with sales totaling $807.1 million compared to $807.7 million in the prior year's comparable quarter. This marginal decline was primarily attributed to a decrease in semiconductor market demand, partially offset by favorable foreign currency translations. Net income for the quarter was $70.5 million, or $0.46 per diluted share, down from $77.5 million, or $0.51 per diluted share, in the prior year. The company's balance sheet remains solid, with total assets at $8,401.8 million and total equity at $3,890.8 million as of September 27, 2025. For the nine-month period, net sales were $2,372.7 million, a slight decrease from $2,391.4 million in the prior year. This was mainly due to the divestiture of the Pipeline and Industrial Materials business, partially offset by increased semiconductor market demand and favorable foreign currency impacts. Net income for the nine months was $186.2 million, or $1.22 per diluted share, compared to $190.5 million, or $1.25 per diluted share, in the prior year. The company continues to manage its debt, with total debt decreasing to $3,842.8 million from $3,981.1 million at the end of 2024, and maintains sufficient liquidity for its ongoing operations and future capital needs.
Financial Highlights
52 data points| Revenue | $807.10M |
| Cost of Revenue | $455.80M |
| Gross Profit | $351.30M |
| R&D Expenses | $80.90M |
| SG&A Expenses | $101.80M |
| Operating Expenses | $167.90M |
| Operating Income | $122.60M |
| Net Income | $70.50M |
| EPS (Basic) | $0.46 |
| EPS (Diluted) | $0.46 |
| Shares Outstanding (Basic) | 151.80M |
| Shares Outstanding (Diluted) | 152.30M |
Key Highlights
- 1Net sales for the three months ended September 27, 2025, were $807.1 million, a slight decrease of 0.1% from $807.7 million in the prior year quarter, primarily due to reduced semiconductor market demand.
- 2Net income for the three months ended September 27, 2025, was $70.5 million, or $0.46 per diluted share, compared to $77.5 million, or $0.51 per diluted share, in the prior year quarter.
- 3For the nine months ended September 27, 2025, net sales were $2,372.7 million, a decrease of 0.8% from $2,391.4 million in the prior year, impacted by the divestiture of the PIM business.
- 4Total assets remained stable at $8,401.8 million as of September 27, 2025, while total equity increased to $3,890.8 million from $3,691.5 million at the end of 2024.
- 5Total debt decreased to $3,842.8 million from $3,981.1 million as of December 31, 2024, reflecting debt repayments.
- 6Operating cash flow for the nine months ended September 27, 2025, increased to $503.4 million from $455.6 million in the prior year, indicating improved cash generation from operations.
- 7The company has reiterated its belief that existing cash balances and anticipated operating cash flows are sufficient to meet its cash needs for the next twelve months and for the longer term.