Earnings Report: Entegris (NASDAQ:ENTG) Crushes Estimates, Top Line Up 29.8%

Описание: Entegris (NASDAQ:ENTG) reported Q4 EPS of $0.12, topping consensus estimates of $0.06.

Revenues for the quarter rose 29.8% to $146 million, trumping consensus estimates of $122 million.

Gideon Argov, president and chief executive officer, said: "We were pleased with our fourth-quarter performance in every respect. We benefited from the industry rebound while achieving wins in key markets. We also delivered improved bottom-line operating profitability through tight controls over both fixed and variable costs.

"The Company's fourth-quarter sales rose 32 percent sequentially to levels not seen since 2008, reflecting the continued recovery in the semiconductor market and strong demand across our product lines. High fab utilization at our customers helped drive a 23 percent sequential increase in unit-driven sales. Robust industry capital spending in the fourth quarter boosted sales of capital-driven products 56 percent above third-quarter levels.

"The fourth-quarter operating results reflect the changes we made over the past year to reduce our fixed costs and to realize revenue opportunities in both core and new markets. If current industry expectations hold true for annual 2010 growth in the mid-teens for semiconductor production and approximately 60 percent for industry wafer fab capital spending, we are positioned for a solid year of growth and profitability in line with our target operating model."