, a provider of materials management services to the semiconductor, data storage and pharmaceutical industries, said it expects to record a third-quarter profit and exceed its previously announced sales guidance.
The company cited stronger-than-expected semiconductor, data storage and services markets sales for its improved outlook. Shares of Entegris were recently climbing about 9%, or $1.13, to $13.54.
In the third quarter ended May 31, the company expects sales to be above $67 million, an increase from its initial estimate of $60 million to $62 million. Analysts expect $60.84 million in revenue. Sales were $59.7 million in the prior-year third quarter.
The company, based in Chaska, Minn., didn't provide exact profit guidance. Analysts, however, expect the company to break even during the quarter. Entegris earned 4 cents a share in the third quarter last year.
"Team Entegris executed well on the integration of the acquired wafer and reticle-carrier line, announced in February 2003. While industry conditions remain challenging and visibility low, we are very pleased with our execution during this quarter," said Jim Dauwalter, chief executive.