Entegris Posts Loss In Q2, Adj. EPS Beats View - Quick Facts

(RTTNews) - Entegris, Inc. (ENTG) posted second-quarter net loss of $14.7 million, or $0.11 per share, including amortization of intangible assets of $9.4 million and aggregated acquisition and integration-related costs associated with the acquisition of ATMI of $66.6 million. Net income for the prior-year quarter amounted to $19.8 million, or $0.14 per share. On a non-GAAP basis, net income was $27.4 million, or $0.20 per share for the recent quarter. On average, 8 analysts polled by Thomson Reuters expected earnings per share of $0.18 for the quarter. Analysts' estimates typically exclude one-time items.

The firm recorded quarterly sales of $251.6 million, that included two months of results from its acquisition of ATMI on April 30, 2014. Six analysts projected sales of $240.20 million for the quarter.

Looking ahead to the third quarter, the company expects sales of $255 million to $275 million, net loss of $5 million to $12 million, and loss per share between $0.04 to $0.09 per share. On a non-GAAP basis, EPS is likely to range from $0.15 to $0.20 per share, reflecting net income on a non-GAAP basis in the range of $21 million to $28 million, which is adjusted for expected amortization expense of approximately $13 million, charges for fair value markup of inventory sold of approximately $24 million, and integration expense of about $8 million totaling some $45 million or $0.24 per share.