EntegrisNASDAQ: ENTG

BILLERICA, Mass.--(BUSINESS WIRE)--Entegris (Nasdaq: ENTG), a global leader in advanced materials science, and the U.S. Department of Commerce have signed a non-binding Preliminary Memorandum of Terms (PMT) for up to $75 million in proposed direct funding to Entegris under the CHIPS and Science Act. This funding would support the development of a state-of-the-art facility in Colorado Springs designed to create products critical to the future of semiconductor manufacturing in the U.S. Entegris i.

Companies in the Zacks Electronics - Manufacturing Machinery industry such as Entegris (ENTG) and Kulicke and Soffa Industries (KLIC) are seeing positive effects from higher investments in high-performance computing, advanced packaging, and memory technology.

The worldwide financial markets function as a mechanism, with each type of investment serving as a component that influences the overall cycle. It is important for investors to stay informed about current trends in order to identify the most profitable opportunities for increasing their wealth before the quarter ends.

Entegris is expected to see earnings growth in 2024 and has experienced a rise in price momentum. The company's consistent sales and balance sheet restructuring efforts could result in better future FCF growth and margin. ENTG is strategically positioned in the semiconductor sector with a robust portfolio of electronic materials, offering substantial growth opportunities.

ENTG reported fourth quarter revenue of $812 million, a decrease of 9% compared to the previous quarter and 14% compared to the same period last year. However, the gross profit margin improved to 42.4%. Management anticipates that ENTG will exceed market growth by 400 to 500 basis points in fiscal year 2024, with revenue reaching around $3.5 billion and adjusted earnings per share surpassing $3.25. The company is projected to experience revenue growth, expansion of gross margin, robust free cash flow generation, and optimization of its business portfolio, which supports a positive outlook.

The Zacks Electronics - Manufacturing Machinery industry participants like Entegris (ENTG) and Veeco Instruments (VECO) are benefiting from increased capital spending on high-performance computing, advanced packaging and memory.

Entegris, Inc. (ENTG) Q4 2023 Earnings Call Transcript

While the top- and bottom-line numbers for Entegris (ENTG) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Get a deeper insight into the potential performance of Entegris (ENTG) for the quarter ended December 2023 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.