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ENTG - Entegris: Expecting Revenue Acceleration And Margin Expansion Ahead
Entegris Inc.
2024-04-09 14:07:44 ET
Summary
ENTG's 4Q23 revenue was $812 million, down 9% sequentially and 14% annually, but gross profit margin increased to 42.4%.
Management expects ENTG to outperform market growth by 400 to 500 bps in FY24, with revenue of ~$3.5 billion and adj EPS >$3.25.
ENTG is expected to see revenue growth, gross margin expansion, strong FCF generation, and optimization of its business portfolio, supporting a bullish view.