Entegris, Inc. (NASDAQ:ENTG) Q2 2024 Earnings Conference Call July 31, 2024 9:00 AM ET
Company Participants
Bill Seymour - VP, Investor Relations
Bertrand Loy - CEO, President & Chairman
Linda LaGorga - SVP, CFO & Treasurer
Conference Call Participants
Toshiya Hari - Goldman Sachs
John Roberts - Mizuho
Bhavesh Lodaya - BMO Capital Markets
Melissa Weathers - Deutsche Bank
Charles Yu Shi - Needham
Tim Arcuri - UBS
Chris Parkinson - Wolfe Research
Operator
Good day, everyone and welcome to the Entegris Second Quarter 2024 Earnings Conference Call. [Operator Instructions]
I would now like to turn the call over to Bill Seymour, Vice President of Investor Relations. Please go ahead, sir.
Bill Seymour
Good morning, everyone. Earlier today, we announced the financial results for our second quarter of 2024. Before we begin, I would like to remind listeners that our comments today include some forward-looking statements. These statements involve a number of risks and uncertainties, and actual results could differ materially from those projected in the forward-looking statements. Additional information regarding these risks and uncertainties is contained in our most recent annual report and subsequent quarterly reports that we have filed with the SEC. Please refer to the information on the disclaimer slide in the presentation.
On this call, we will also refer to non-GAAP financial measures as defined by the SEC and Regulation G. You can find a reconciliation tables in today's news release as well as on our IR page of our website at entegris.com. And finally, as a reminder, we have included in the earnings slide presentation for your reference, consolidated and divisional P&Ls that exclude divestitures for Q1 and Q2 of 2024 and all 4 quarters of 2023.
On the call today are Bertrand Loy, our CEO; and Linda LaGorga, our CFO. With that, I'll hand the call over to Bertrand.
Bertrand Loy
Thank you, Bill, and good morning. I am pleased with another strong performance in the second quarter. With semi industry that continues to be in transition, the Entegris team delivered results that were in line or better than our guidance. Sales of $813 million were above our guidance and excluding divestitures, were up sequentially in all 3 divisions. Gross margin increased sequentially and was up over 300 basis points year-on-year, in line with expectations, showing strong execution and the benefit of our recent divestitures. And EBITDA and non-GAAP EPS were within our guidance range.