Entegris Q4 GAAP Profit Falls - Quick Facts

(RTTNews) - Entegris, Inc. (ENTG), a provider of yield-enhancing materials and solutions for advanced manufacturing processes, reported a plunge in its fourth-quarter GAAP net income to $9.31 million, or $0.07 a share, from $20.5 million, or $0.15 a share, in the year-ago period. The recent quarter's earnings included amortization of intangible assets of $12.2 million and aggregated acquisition and integration-related costs of $9.0 million associated with the April 30, 2014 acquisition of ATMI, Inc.

Non-GAAP net income amounted to $23.8 million, or $0.17 per share during the latest 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 $271.6 million, compared with the prior-year figure of $186.26 million. Six analysts projected sales of $267.19 million for the quarter.

For the first quarter ending March 28, 2015, the company projects sales of $260 million to $270 million, net income of $9 million to $12 million, and net income per share of $0.06 to $0.09 per share. On a non-GAAP basis, EPS is expected to range from $0.15 to $0.18 per share, which reflects non-GAAP net income of $22 million to $25 million.