Versum Materials Reports Q1 Prelim. Adj. EPS Of Approx. $0.55 - Quick Facts

(RTTNews) - Versum Materials, Inc. (VSM) reported preliminary first quarter revenue of approximately $340 million; GAAP net income of approximately $61 million, or EPS of approximately $0.56; adjusted net income of approximately $60 million, or adjusted EPS of approximately $0.55.

Separately, Entegris, Inc. (ENTG), announced the company expects to report sales of $402 million for fourth-quarter of 2018, an increase of 15 percent from the fourth quarter of 2017. GAAP earnings per diluted share is expected to range from $0.56 to $0.58 in the fourth quarter of 2018. Non-GAAP earnings per diluted share is expected to range from $0.46 to $0.48.

On Monday, Entegris and Versum Materials announced they have agreed to combine in a $9 billion merger of equals to create a specialty materials company.