Summary
Entegris, Inc. (ENTG) filed a Form 8-K on December 18, 2003, to report its financial results for the first quarter ended November 29, 2003. The filing primarily includes a press release detailing these results. A key aspect of the report is the Company's use of non-GAAP financial measures, specifically pro forma operating income and net income. These pro forma figures are adjusted to exclude costs related to plant closures and impairment losses on equity investments. Entegris believes that these pro forma measures provide a more meaningful comparison to prior periods and better reflect the company's baseline performance. Management uses pro forma net income as a primary indicator for planning and forecasting. Investors should note that these non-GAAP measures are presented as supplementary information and are not a substitute for GAAP-reported net income. Reconciliations between GAAP and pro forma figures are available in the press release attached as an exhibit.
Key Highlights
- 1Entegris, Inc. reported its first quarter financial results for the period ending November 29, 2003.
- 2The company utilized non-GAAP financial measures, specifically pro forma operating income and net income.
- 3Pro forma results exclude costs associated with plant closures and impairment losses on equity investments.
- 4Entegris believes pro forma measures enhance comparability with prior periods and better represent baseline performance.
- 5Management uses pro forma net income as a key metric for future planning and forecasting.
- 6The press release containing detailed financial results and reconciliations is attached as Exhibit 99.1.
- 7The report is furnished under Item 12 of Form 8-K, indicating it's for informational purposes and not a formal SEC filing of the financial data itself.