Update: Entegris Q3 Earnings Strong, ATMI Integration Ahead Of Plan
Martin Vlcek • Yesterday, 12:57 PM
- Entegris beat sales and EPS estimates and reported strong Y/Y growth during the first full quarter of ATMI results.
- The stock is up ~27% since the long thesis a year ago and the integration of ATMI continues ahead of schedule.
- I confirm my long thesis and keep my target price at $14, offering ~10% upside within a year as the company starts to realize cost savings from the acquisition.