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CMC Materials (Nasdaq: CCMP) has announced the earnings release schedule for Q1 FY2021, which concludes on December 31, 2020. The earnings report, slides, and prepared remarks will be published on the company's Investor Relations page post-market on February 3, 2021. A conference call for the management team is set for February 4, 2021, at 10:00 a.m. ET, where they will provide a summary of the quarter and engage in a Q&A session. CMC Materials specializes in providing critical materials to semiconductor manufacturers and pipeline companies.
CMC Materials, Inc. (CCMP) has declared a quarterly cash dividend of $0.44 per share, amounting to $1.76 annually. This dividend will be paid on or about January 29, 2021 to shareholders registered by the close of business on December 22, 2020. CMC Materials, a leader in consumable materials for semiconductor manufacturers, continues to deliver value through innovative solutions, supporting the production of advanced semiconductor devices. The company employs around 2,100 people globally.
CMC Materials (CCMP) reported Q4 revenue of $274.2 million, down 1.6% year-over-year, impacted by a decline in pipeline performance products due to COVID-19. However, the full fiscal year 2020 revenue reached a record $1,116.3 million, marking a 7.6% increase, largely due to the acquisition of KMG Chemicals. Net income for Q4 was $36.9 million, recovering from a $20.2 million loss last year, while diluted EPS for the year hit a record $4.83, up 257.8%. Guidance for Q1 2021 suggests flat to low single-digit revenue growth amid ongoing uncertainty.
Cabot Microelectronics Corporation (Nasdaq: CCMP) has been awarded the main category honor at the 2020 Chicago Innovation Awards for its invention of "Defective Nanoparticle Reduction in Chemical Mechanical Planarization." The awards were announced on October 19, celebrating innovative products and services launched in the Chicago area. Daniel Woodland, President of Electronic Materials, highlighted the achievement as a recognition of the company's R&D efforts in providing solutions to customer challenges. CMC Materials specializes in high-quality consumables for semiconductor manufacturers.
CMC Materials (Nasdaq: CCMP) has announced the schedule for its fourth quarter and full fiscal year 2020 earnings release, concluding September 30, 2020. The earnings release will be available on November 11, after market close, followed by a conference call on November 12 at 10:00 a.m. ET. Investors can access the earnings press release and slide presentation via the company’s website.
CMC Materials, formerly Cabot Microelectronics Corporation, has officially rebranded as of October 1, 2020. The name change aligns with the company's mission to innovate critical materials for semiconductor manufacturers and pipeline companies. Alongside a new website launch, the company declared a quarterly cash dividend of $0.44 per share, totaling $1.76 annually, set to be paid on November 6, 2020, to shareholders of record by October 12, 2020. The stock symbol CCMP remains unchanged.
Cabot Microelectronics Corporation (Nasdaq: CCMP) is set to undergo a comprehensive rebranding effective October 1, 2020. This initiative reflects the company’s commitment to innovation and technology leadership, aimed at supporting future growth in the semiconductor and pipeline industries. The change will not affect the company’s stock ticker, CCMP. With approximately 2,000 employees, Cabot Microelectronics continues to supply essential materials for advanced semiconductor devices and performance materials for pipeline operators.
Cabot Microelectronics Corporation (Nasdaq: CCMP) reported a revenue of $274.7 million for Q3 FY2020, a 1.0% increase year-over-year, driven mainly by CMP slurries and wood treatment. Net income surged 82.8% to $34.5 million, leading to a diluted EPS of $1.17. The company expects low single-digit revenue growth in Q4 FY2020. Adjusted EBITDA reached $92.0 million, a 7.3% increase from the previous year. Despite uncertainties due to COVID-19, demand remains stable in the semiconductor sector.
Cabot Microelectronics Corporation (Nasdaq: CCMP) has announced key dates for its third-quarter earnings for fiscal year 2020, ending June 30, 2020. The earnings release and accompanying slide presentation will be accessible on August 5, 2020, after market close. A conference call will follow on August 6 at 10:00 a.m. Eastern Time, with dial-in options provided for U.S. and international participants. This announcement follows the company’s ongoing role as a global supplier of consumable materials for semiconductor manufacturing and pipeline operations.
Cabot Microelectronics Corporation (Nasdaq: CCMP) announced its participation in the Virtual 2020 BMO Chemicals & Packaging Conference scheduled for June 24, 2020. A presentation will be available in the Investor Relations section of its website. The company, based in Aurora, Illinois, is a leading supplier of consumable materials to semiconductor manufacturers and pipeline companies. With approximately 2,000 employees, Cabot Microelectronics aims to deliver high-performing solutions that address customer challenges.
