CCMP - CMC Materials Non-GAAP EPS of $2.06 beats by $0.29 revenue of $317.05M beats by $0.43M

CMC Materials press release (NASDAQ:CCMP): Q1 Non-GAAP EPS of $2.06 beats by $0.29. Revenue of $317.05M (+10.1% Y/Y) beats by $0.43M. Q2 Guidance: Total revenue to be flat to up low single digits sequentially. Electronic Materials revenue is expected to be up low single digits sequentially. Performance Materials revenue is expected to be down mid to high single digits sequentially. FY22 Guidance: Re-iterates adjusted EBITDA to be between $355 million to $385 million, depreciation and amortization to be between $50 million to $55 million, tax rate to be between 20% to 23%, and capital spending to be between $60 million to $80 million. Interest expense is now expected to be between $38 million to $40 million.

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CMC Materials Non-GAAP EPS of $2.06 beats by $0.29, revenue of $317.05M beats by $0.43M