Welcome to our dedicated page for Entegris news (Ticker: ENTG), a resource for investors and traders seeking the latest updates and insights on Entegris stock.
Entegris Inc (symbol: ENTG) is a prominent supplier of materials and process solutions for the semiconductor and other high-technology industries. Headquartered in Billerica, Massachusetts, Entegris has been serving the market for over 40 years, providing critical products and materials integral to the manufacturing of complex microelectronic products like computers, mobile devices, data storage components, televisions, monitors, and automobiles.
The company's core business is divided into three reportable segments:
- Materials Solutions: This segment offers materials-based solutions, including chemical mechanical planarization (CMP) slurries and pads, deposition materials, process chemistries and gases, and other specialty materials.
- Microcontamination Control (MC): Entegris provides solutions to purify critical liquid chemistries and process gases used in semiconductor manufacturing and other high-technology industries.
- Advanced Materials Handling (AMH): This segment focuses on products that ensure the safe and efficient transport, storage, and handling of critical materials.
Entegris employs approximately 3,500 people worldwide, with a strong presence in the Asia-Pacific and European regions. The company operates research and development centers, customer service units, analytical labs, and manufacturing facilities across these key geographical areas to support its global clientele.
Recent achievements and ongoing projects highlight Entegris's commitment to innovation and customer satisfaction. The company continues to invest in research and development to push the boundaries of technology and provide cutting-edge solutions. Entegris's financial condition remains robust, with continuous growth driven by strategic partnerships and a diversified product portfolio.
With its comprehensive range of products and solutions, Entegris plays an essential role in enabling its customers to advance their technological capabilities, ensuring efficiency and reliability in high-tech industries.
Entegris (NASDAQ: ENTG) has secured up to $77 million in funding under the CHIPS and Science Act from the U.S. Department of Commerce, becoming the first semiconductor supplier to finalize such an award agreement. The funding will support the development of a state-of-the-art manufacturing center in Colorado Springs, scheduled to begin operations in 2025.
The facility will produce liquid filtration products and Front-Opening-Unified Pods (FOUPs), currently manufactured exclusively in Asia. The center is expected to create approximately 600 new jobs over the next several years, with 300 jobs already created during construction. The site will serve as a Military Center of Excellence, aiming to recruit 50% of its workforce from veterans and military families through various partnerships.
Entegris (NASDAQ: ENTG) reported Q3 2024 financial results with net sales of $808 million, showing a 9% year-over-year decrease. However, adjusted net sales excluding divestitures increased by 7%. The company achieved GAAP diluted EPS of $0.51 and non-GAAP diluted EPS of $0.77. Gross margin improved to 46.0% from 41.3% year-over-year. For Q4 2024, Entegris expects sales between $810-840 million and non-GAAP diluted EPS of $0.75-0.82. The company noted that while AI-focused customers are performing well, the broader semiconductor market recovery is taking longer than anticipated.
Entegris, Inc. (NASDAQ: ENTG) has announced it will release its financial results for the third quarter of 2024 before the market opens on Monday, November 4, 2024. The company has scheduled a teleconference with management for the same day at 9:00 AM ET.
Participants interested in joining the call should dial +1-800-579-2543 or 1-785-424-1789 and use the Conference ID: ENTGQ324. It is recommended to dial in 5 to 10 minutes before the call starts. A live webcast and replay of the call will also be available.
Entegris, Inc. (Nasdaq: ENTG), a leading supplier of advanced materials and process solutions for the semiconductor and other high-technology industries, has announced a quarterly cash dividend. The company's board of directors has authorized a dividend of $0.10 per share. This dividend will be paid on November 20, 2024, to shareholders of record at the close of business on October 30, 2024. Entegris, headquartered in Billerica, Massachusetts, continues to demonstrate its commitment to returning value to shareholders through this dividend declaration.
Entegris, Inc. (NASDAQ: ENTG), a leading supplier of advanced materials and process solutions for the semiconductor industry, has appointed Mary Puma to its board of directors. This appointment brings the total number of board members to eight. Ms. Puma previously served as the president and CEO of Axcelis Technologies, Inc. Bertrand Loy, chair of the board, president and CEO of Entegris, expressed confidence that Puma's leadership experience and in-depth knowledge of the semiconductor industry will make her a valuable addition to the board. The company aims to leverage her deep industry insight to achieve its growth and innovation objectives.
Entegris (Nasdaq: ENTG) has entered into a long-term supply agreement with onsemi to provide chemical mechanical planarization (CMP) solutions for silicon carbide (SiC) applications. This partnership aims to meet the growing demand for SiC technologies in industries such as electric vehicles, power devices, renewable energy, wireless communication, and cloud computing.
Entegris will offer a broad range of co-optimized CMP solutions, including slurries, pads, brushes, and post-CMP cleans, to enable high-volume manufacture of SiC wafers with high yield and low defectivity. The agreement positions Entegris to potentially supply additional products like specialty gases, precursors, and graphite for other semiconductor manufacturing processes at onsemi.
Entegris (NASDAQ: ENTG) reported its Q2 2024 financial results, showing mixed performance. Net sales decreased 10% year-over-year to $813 million but increased 5% sequentially. Notably, adjusted net sales (excluding divestitures) grew 6% year-over-year and 10% sequentially. The company reported GAAP diluted EPS of $0.45 and non-GAAP diluted EPS of $0.71.
Entegris expects Q3 2024 sales between $820-$840 million, representing a 10% year-over-year increase excluding divestitures. The company forecasts Q3 GAAP diluted EPS of $0.51-$0.56 and non-GAAP diluted EPS of $0.75-$0.80. Management noted improving semiconductor market fundamentals and anticipates gradual recovery in H2 2024, positioning for strong growth acceleration into 2025.
Entegris (ENTG) celebrated its $75 million CHIPS Act funding award at its Colorado Springs construction site. The event highlighted the importance of building a strong U.S. semiconductor manufacturing infrastructure. Key attendees included White House representatives, Colorado Governor Jared Polis, and local officials.
The funding will support Entegris' state-of-the-art facility in Colorado Springs, designed to create products critical for semiconductor manufacturing in the U.S. The facility will focus on producing FOUPs and liquid filter membranes, with future expansion plans for advanced liquid filters, purifiers, and fluid handling solutions.
Entegris aims to align the facility with its Corporate Social Responsibility framework, emphasizing environmental sustainability. The company plans to reduce greenhouse gas emissions and implement water recovery measures. Additionally, Entegris is partnering with local educational institutions and organizations to support workforce development and create a self-sustaining ecosystem in the region.
Entegris (NASDAQ: ENTG) has announced it will release its financial results for the second quarter of 2024 before the market opens on Wednesday, July 31, 2024. The company has scheduled a teleconference with management for the same day at 9:00 AM ET. Investors and analysts can participate in the call by dialing +1-800-225-9448 or 1-203-518-9708 and referencing Conference ID: ENTGQ224. Participants are advised to dial in 5 to 10 minutes before the call starts. A live webcast and replay of the call will also be available.
Entegris (Nasdaq: ENTG), a leading supplier of advanced materials and process solutions for the semiconductor and high-tech industries, has announced a quarterly cash dividend of $0.10 per share. The dividend will be paid on August 21, 2024, to shareholders of record at the close of business on July 31, 2024. This announcement demonstrates Entegris' commitment to returning value to its shareholders and reflects the company's financial stability in the competitive semiconductor industry.
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