Quarterly Sales of $168 Million Up 103 Percent from Prior Year and 4 Percent Sequentially;
$28 million of Cash From Operations Generated in Second Quarter;
Credit Facility Balance Now Fully Repaid
BILLERICA, Mass., July 27, 2010 – Entegris, Inc. (Nasdaq: ENTG) today reported its financial results for the Company's second quarter ended July 3, 2010, marking the Company's fifth consecutive quarter of organic growth.
The Company recorded second-quarter sales of $167.6 million, an increase of 103 percent over the prior year, and four percent sequentially. Net income was $18.4 million, or $0.14 per diluted share. These results included amortization of intangible assets of $3.4 million.
Non-GAAP earnings per share of $0.16 in the second quarter of 2010 compared to a loss per share of $0.16 in the second quarter a year ago and $0.15 per diluted share in the first quarter of 2010. A reconciliation table of GAAP to non-GAAP earnings (loss) per share is contained in this press release.
Read the continuation of Entegris Reports Second Quarter Results.