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CMC Materials (Nasdaq: CCMP) announced its first-quarter earnings release for fiscal 2022, which ended on December 31, 2021. The earnings report will be available on cmcmaterials.com after market close on February 2, 2022. In light of the pending transaction with Entegris, Inc., no conference call will be held to discuss the results.
CMC Materials is a leading supplier of consumable materials to semiconductor manufacturers, with a global workforce of about 2,200 employees.
CMC Materials, Inc. (Nasdaq: CCMP) achieved a significant legal victory in its case against DuPont. The U.S. International Trade Commission (ITC) ruled that DuPont unlawfully imported and sold patent-infringing CMP slurries. This ruling includes an exclusion order that halts the importation of DuPont's infringing products until 2035, the patent expiration date. DuPont is required to post a bond for the value of the infringing products during a 60-day review period. CMC emphasizes its commitment to protecting its innovations and investments in semiconductor technology.
Entegris has announced its definitive merger agreement to acquire CMC Materials for approximately $6.5 billion. The transaction, valued at $133.00 per share for CMC shareholders, presents a 35% premium over the closing price on December 14, 2021. The merger aims to enhance Entegris' offerings in the semiconductor industry by integrating CMC's leading CMP products, creating a comprehensive electronic materials platform. Expected synergies include $75 million in cost savings and $40 million in capital expenditure synergies within 12-18 months, significantly accretive to non-GAAP EPS in the first year.
CMC Materials, Inc. (Nasdaq: CCMP) announced a quarterly cash dividend of $0.46 per share ($1.84 annualized) on December 7, 2021. The dividend is payable on or about January 28, 2022, to shareholders of record by the close of business on December 22, 2021. CMC Materials is a leading global supplier of materials for semiconductor manufacturers, emphasizing innovation and customer solutions. The company has around 2,200 employees worldwide, contributing to advanced semiconductor device production.
CMC Materials, Inc. (Nasdaq: CCMP) announces the resignation of Scott D. Beamer as Vice President and Chief Financial Officer. Effective immediately, Jeanette A. Press has been appointed as Interim CFO. Beamer’s exit is not linked to any accounting disagreements. David Li, President and CEO, expressed gratitude for Beamer’s service and confidence in Press’s leadership during this transition. CMC Materials, a global supplier to semiconductor manufacturers, continues to focus on delivering high-performing materials for advanced semiconductor devices.
CMC Materials reported a record fourth quarter revenue of $311.9 million, up 13.8% year-over-year, with a full year record of $1,199.8 million, an increase of 7.5%. The Electronic Materials segment contributed $254.3 million in Q4, marking 14.1% growth from the previous year. However, net income fell to $16.1 million, down from $36.9 million a year earlier. The company faced challenges, including increased costs from raw materials and logistics, resulting in an adjusted EBITDA margin decline. Share repurchases totaled $104.9 million during the quarter.
CMC Materials (Nasdaq: CCMP) announced the earnings release schedule for its fourth quarter of fiscal year 2021, concluding September 30, 2021. The release will be available after market close on November 10, 2021, on the company's Investor Relations website. A conference call to discuss the results is set for November 11, 2021, at 10:00 a.m. ET. The firm specializes in consumable materials for semiconductor manufacturers and maintains a workforce of approximately 2,100 employees.
CMC Materials, Inc. (Nasdaq: CCMP) announced a quarterly cash dividend of $0.46 per share, equating to $1.84 annually. This dividend will be paid on or about November 5, 2021 to shareholders on record as of October 13, 2021. CMC Materials is a key supplier of consumable materials for semiconductor manufacturers, playing a crucial role in the production of advanced devices. The company operates globally with approximately 2,100 employees.
CMC Materials reported record revenue of $309.5 million for Q3 FY2021, a 12.7% increase year-over-year and 6.5% higher sequentially. The Electronic Materials segment generated $251.1 million, up 13.9% year-over-year. Adjusted EBITDA reached $96.0 million, reflecting a 4.3% increase, though the adjusted EBITDA margin fell to 31.0%. The company expects flat revenue for Q4 and revised full-year adjusted EBITDA guidance to $355 million to $365 million amid industry inflationary pressures.
CMC Materials, Inc. (Nasdaq: CCMP) announced the timing for its third quarter fiscal year 2021 earnings release, which will be available on cmcmaterials.com after market close on August 4, 2021. A conference call will follow on August 5, 2021, at 10:00 a.m. ET, where management will discuss financial results and take analyst questions. CMC Materials is a key supplier of consumable materials for semiconductor manufacturing, essential for the production of advanced devices.
