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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 (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.
Entegris has released its fourth annual Corporate Social Responsibility (CSR) report for 2023, detailing significant progress in innovation, safety, personal development, inclusion, and sustainability. The company highlighted efforts such as a 35% reduction in landfill waste, a $5.4 million investment in STEM scholarships and internships, and deployment of the SafeStart© program. Notable achievements include receiving a Gold rating from EcoVadis and an 'A' rating from MSCI. Entegris' CSR strategy aligns with U.N. SDGs and follows SASB standards, with additional focus on TCFD metrics.
Entegris (Nasdaq: ENTG) has signed a Preliminary Memorandum of Terms (PMT) with the U.S. Department of Commerce for up to $75 million in proposed funding under the CHIPS and Science Act. The funding will support the establishment of a new Manufacturing Center of Excellence in Colorado Springs, expected to begin operations in 2025. This facility will enhance production capabilities for critical semiconductor manufacturing products and create approximately 600 new jobs. The center will also contribute to local economic growth, sustainability goals, and workforce development, partnering with various educational institutions and military organizations.
Entegris, Inc. reported net sales of $771 million for the first quarter of 2024, a 16% decrease from the prior year. GAAP diluted EPS was $0.30 and non-GAAP diluted EPS was $0.68. The company sold its Pipeline and Industrial Materials business, paid down over $400 million of debt, and expects gradual market recovery in the semiconductor industry for 2024. Entegris operates in three segments: Materials Solutions, Microcontamination Control, and Advanced Materials Handling.
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