Entegris Reports Slight Increase in Net Sales to $773.2 Million in Q1 2025

Entegris, Inc. reported a slight increase in net sales for the first quarter of 2025, totaling $773.2 million, compared to $771.0 million in the same period last year. The company achieved a gross profit of $356.5 million, resulting in a gross margin of 46.1%, up from 45.6% in the prior year. Net income for the quarter was $62.9 million, or $0.41 per diluted share, a significant increase from $45.3 million, or $0.30 per diluted share, in the first quarter of 2024. This growth in profitability was attributed to improved plant performance and a reduction in selling, general, and administrative expenses, which decreased to $103.3 million from $112.2 million year-over-year.

In terms of operational changes, Entegris experienced a notable shift in its customer base and product sales. The semiconductor segment saw a $41.5 million increase in sales, primarily driven by heightened demand, while the absence of $33.9 million in sales from the divested Pipeline and Industrial Materials (PIM) business negatively impacted overall revenue. Additionally, unfavorable foreign currency translations reduced sales by $5.4 million. The company’s Materials Solutions segment reported a decrease in net sales to $341.4 million, down 2% from the previous year, while the Advanced Purity Solutions segment saw a 3% increase in sales to $433.9 million.

Entegris has also made strategic moves to enhance its market position, including the ongoing process to sell a small industrial specialty chemicals business, which remains classified as held-for-sale. The company continues to focus on integrating its operations following the acquisition of CMC Materials, which has led to increased engineering, research, and development expenses totaling $84.8 million, up from $71.8 million in the prior year. The company’s total employee headcount has remained stable, reflecting its commitment to maintaining operational efficiency during this transition.

Looking ahead, Entegris anticipates continued challenges due to global trade tensions and macroeconomic uncertainties, particularly concerning semiconductor demand. The company is actively monitoring these conditions and is committed to building a resilient supply chain to mitigate potential impacts. Entegris has also declared a quarterly cash dividend of $0.10 per share, reflecting its ongoing commitment to returning value to shareholders while navigating the evolving market landscape. The company’s liquidity position remains strong, with cash and cash equivalents totaling $340.9 million as of March 29, 2025, providing a solid foundation for future growth initiatives.