Revenue during the quarter grew 15.64 percent to $308.50 million from $266.79 million in the previous year period. Gross margin for the quarter expanded 175 basis points over the previous year period to 42.72 percent. Total expenses were 85.44 percent of quarterly revenues, down from 92.46 percent for the same period last year. This has led to an improvement of 702 basis points in operating margin to 14.56 percent.

Operating income for the quarter was $44.90 million, compared with $20.12 million in the previous year period.

However, the adjusted operating income for the quarter stood at $55.84 million compared to $37.14 million in the prior year period. At the same time, adjusted operating margin improved 418 basis points in the quarter to 18.10 percent from 13.92 percent in the last year period.

Bertrand Loy, president and chief executive officer, said: "The strong results in the fourth quarter capped a record year in which we grew revenue 9 percent organically, well in excess of our markets. This performance demonstrates that our investments in R&D and innovation over the past few years are paying off, allowing us to expand our served markets and grow our market share. In 2016, we also achieved record non-GAAP earnings per share of $0.94 and generated an adjusted EBITDA of $264 million, an increase of 13 percent from the prior year. This is an all-time high and essentially twice the level we generated prior to the ATMI acquisition in 2014."

For the first-quarter, Entegris forecasts revenue to be in the range of $295 million to $310 million. Entegris projects net income to be in the range of $25 million to $31 million for the first-quarter. Entegris expects adjusted net income to be in the range of $32 million to $38 million for the first-quarter. The company expects diluted earnings per share to be in the range of $0.18 to $0.22 for the first-quarter. On an adjusted basis, the company expects diluted earnings per share to be in the range of $0.23 to $0.27 for the first-quarter.

The company has spent $66.69 million cash to meet investing activities during the year as against cash outgo of $63.64 million in the last year.

The company has spent $81.75 million cash to carry out financing activities during the year as against cash outgo of $92.79 million in the last year period.

Cash and cash equivalents stood at $406.39 million as on Dec. 31, 2016, up 16.17 percent or $56.56 million from $349.82 million on Dec. 31, 2015.

Working capital remains almost stable
Entegris Inc has recorded an increase in the working capital over the last year. It stood at $538.56 million as at Dec. 31, 2016, up 0.63 percent or $3.35 million from $535.21 million on Dec. 31, 2015. Current ratio was at 3.06 as on Dec. 31, 2016, down from 4.05 on Dec. 31, 2015.