Sees Q1 revenue $880M-$910M, consensus $913.51M. Q4 non-GAAP guidance includes an approximately 11c increase of non-GAAP EPS in non-cash equity compensation expense vs. 4Q22, resulting from the alignment of CMC Material’s and Entegris’ equity benefit plans. The increase is the result of changes in award features and the related accounting, not a significant increase in overall equity grants. In addition, a higher expected tax rate in the first quarter of 2023, is expected to result in an approximately 5c impact to non-GAAP EPS, compared to 4Q22.
Published first on TheFly
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