Entegris (ENTG) Hits 52-Week High on Upbeat Q1 Outlook

ENTG -5.00%

We recently published 10 Stocks Delivering Massive Returns. Entegris Inc. (NASDAQ:ENTG) was one of the best performers on Tuesday.

Entegris jumped to a new 52-week high on Tuesday, as investors cheered its upbeat outlook for the first quarter of the year, despite reporting a dismal earnings performance last quarter.

At intra-day trading, Entegris Inc. (NASDAQ:ENTG) soared to its highest price of $137.05 before paring gains to finish the session just up by 9.03 percent at $133.44 apiece.

In a statement, the company announced targets of growing its net income by 3.3 percent to 22 percent, to $65 million to $77 million from $62.9 million in the same period last year.

Net sales are targeted at $785 million to $825 million, or an implied growth of 1.5 percent to 6.7 percent from the $773.2 million reported in the same period a year earlier.

Last year, Entegris Inc. (NASDAQ:ENTG) dropped its net income by 19.5 percent to $235.6 million from $292.8 million in 2024. Net sales dipped by 1.2 percent to $3.2 billion from $3.24 billion year-on-year.

Photo by Christian Wiediger on Unsplash

For the fourth quarter alone, net income fell by 51.7 percent to $49.4 million from $102.3 million, while net sales decreased by 3 percent to $823.9 million from $849.8 million year-on-year.

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Disclosure: None. This article is originally published at Insider Monkey.