Entegris, Inc. reported strong financial results for the fourth quarter ended December 31, 2024, with net sales reaching $849.8 million. This represents a 4.6% increase year-over-year from $812.3 million in Q4 2023 and a 5.2% sequential increase from $807.7 million in Q3 2024. The company's non-GAAP diluted earnings per common share were $0.84, surpassing $0.65 in Q4 2023 and $0.77 in Q3 2024.
For the full year 2024, Entegris recorded net sales of $3.241 billion, an 8.0% decrease from $3.524 billion in fiscal year 2023. Despite the annual decline, the company's GAAP net income for the full year was $292.8 million, resulting in $1.93 diluted earnings per share. The gross margin for Q4 2024 was 45.6%, and adjusted EBITDA was 29.2% of net sales.
Looking ahead to the first quarter ending March 29, 2025, Entegris expects sales to be between $775 million and $805 million. Non-GAAP diluted earnings per common share are projected to range from $0.64 to $0.71, with an adjusted EBITDA margin of approximately 28.0% to 29.0% of sales. Management noted that while the company outperformed the market in 2024, visibility outside of advanced logic and AI-driven applications remains limited for 2025.
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