Entegris Updates Q2 Outlook On ATMI Acquisition - Quick Facts

(RTTNews) - Entegris Inc. (ENTG) announced that the company now expects its second-quarter sales of $235 million to $245 million, which includes two months of results of ATMI, Inc. which Entegris acquired on April 30, 2014. The company expects to report a net loss of approximately $25 million to $30 million, or a loss per share of $0.18 to $0.22. Excluding items, the company expects non-GAAP net income to be $24 million to $28 million, and non-GAAP earnings per share to be $0.17 to $0.20.

Entegris' previous guidance for the second quarter was for sales of $165 million to $175 million, which excluded any results from ATMI. On a comparable basis excluding ATMI results, the company's updated guidance reflects expected sales of $175 million to $185 million. The company previously expected second-quarter net income of $13 million to $18 million, and earnings per share between $0.09 to $0.13 per share. On a non-GAAP basis, the company previously expected earnings per share to range from $0.10 to $0.14.