Earnings Analysis for ENTG

Revenue Analysis:

ENTG displayed a varying trend in Total and Operating Revenue over the observed periods, recording $771.03 million in 2024-03-31, which compares to $812.29 million in 2023-12-31 and a higher $888.24 million in 2023-09-30. The Gross Profit Margins have shown some consistency with figures around $351.82 million, $344.68 million, and $367.07 million for the three respective recent quarters.

Cost Management:

The Cost of Revenue was $419.21 million as of 2024-03-31, with a slightly lower expense seen in prior quarters. Operating Expenses were reported at $234.23 million in the recent quarter. Total Expenses peaked in the latest report at $653.43 million, compared to the previous high of $755.27 million in the quarter ending 2023-09-30.

Profitability Analysis:

ENTG’s EBITDA stood at $201.80 million in 2024-03-31, showing noticeable variability in previous quarters. Operating Income has seen fluctuation, leading up to a solid $117.59 million recently. Notably, Pretax Income and Net Income were at $48.93 million and $45.27 million, respectively, in the last reported quarter.

Cash Flow Indicators:

Reconciled Depreciation figures are significant, indicating ongoing investments in capital assets, with the latest reporting at $95.50 million. Interest Expense, a critical expense impacting net income, was reported at $57.37 million in the latest period.

Taxation:

The observed Tax Rate for calculations in the latest period was notably lower at about 0.07, compared to a consistent 0.21 in the previous periods. The Tax Provision was $3.46 million in the most recent quarter, reflecting the tax liabilities based on pretax income and adjustments.

Shareholder Metrics:

Diluted and Basic EPS both stood at 0.3 in the 2024-03-31 quarter, demonstrating earnings power per share held by stockholders. The count of Diluted Average Shares was around 151.72 million, with Net Income Available to Common Stockholders marked at $45.27 million in the latest records.

Conclusion:

ENTG has shown a resilient performance with consistent revenue generation and strong management of operating expenses, despite fluctuations in net income and other profitability metrics. The variability in taxation and depreciation figures suggests strategic adjustments and potential areas of focus for enhancing shareholder value. The stable EPS further reassures investor confidence in steady returns.