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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 has announced plans to construct a new manufacturing center of excellence in Colorado Springs, aiming for initial operations by mid-2024. This facility will enhance its Microcontamination Control and Advanced Materials Handling divisions and is expected to generate around 600 new jobs. Entegris plans to invest approximately $600 million, supported by state and local incentives and potential federal funding from the CHIPS and Science Act. The initial phase will include a 100,000-square-foot facility, emphasizing sustainability in its operations.
Entegris (Nasdaq: ENTG) released its 2021 Corporate Social Responsibility (CSR) report, titled Collaborative Innovation to Build a Better Tomorrow, detailing progress toward its 2030 goals. The report highlights advancements in four key areas: Innovation, achieving 100% alignment of new products with U.N. Sustainable Development Goals; Safety, reporting a record low total recordable incident rate of 0.51; Personal Development, investing over $8 million in diversity programs; and Sustainability, aiming for a 15% reduction in energy consumption. Entegris plans to update its CSR strategy following the acquisition of CMC Materials.
Entegris reported third-quarter revenue of $994 million, a 71% year-over-year increase, with a proforma growth of 14%. Despite this, the company faced a GAAP net loss of $73.7 million or $0.50 loss per diluted share. In contrast, non-GAAP net income stood at $127.8 million, yielding earnings of $0.85 per diluted share. Looking ahead, for Q4, Entegris projects sales between $930 million and $970 million, with potential losses due to U.S. export controls estimated at $40 million to $50 million.
Entegris (NASDAQ: ENTG) will announce its third quarter 2022 financial results on November 2, 2022, before market opening. A management teleconference will follow at 9:00 a.m. ET, with dial-in details provided for participants. A replay of this call will be available starting at 12:00 p.m. ET on the same day until December 17, 2022. Entegris, a leader in advanced materials for the semiconductor industry, employs around 10,000 people globally and maintains a commitment to quality as evidenced by its ISO 9001 certification.
Entegris, Inc. (Nasdaq: ENTG) has authorized a quarterly cash dividend of
Infineum and Entegris (NASDAQ: ENTG) have entered a definitive agreement for Infineum to acquire Entegris' Pipeline and Industrial Materials (PIM) business, which includes Flowchem, Val-Tex, and Sealweld brands. This acquisition expands Infineum's specialty chemicals portfolio and is aimed at enhancing customer innovation and performance reliability. The transaction is expected to close in Q4 2022, pending regulatory approvals. The PIM business provides Drag Reducing Agents (DRAs) crucial for pipeline operations, positioning Infineum for growth in a significant market segment.
Entegris reported second-quarter 2022 revenue of $692 million, up 21% year-over-year. GAAP diluted EPS reached $0.73, marking a 12% increase, while non-GAAP diluted EPS was $1.00, up 18%. The company closed its acquisition of CMC Materials on July 6, 2022, which did not contribute to Q2 results. Bertrand Loy highlighted strong sales growth across all divisions, despite currency fluctuations impacting non-GAAP EPS. For Q3 2022, Entegris anticipates sales between $1.00 billion and $1.04 billion.
Entegris announced a quarterly cash dividend of $0.10 per share, payable on August 24, 2022, to shareholders of record on August 3, 2022. As a leader in electronic materials for the semiconductor market, Entegris employs approximately 8,800 people worldwide. The company's solutions support performance and productivity improvements across various sectors, including life sciences and advanced manufacturing.
Lam Research, Entegris, and Gelest announced a strategic collaboration to enhance the semiconductor supply chain by providing reliable access to precursor chemicals for EUV lithography. This partnership will advance dry resist technology crucial for next-generation semiconductors used in AI and mobile devices. The collaboration ensures a dual-source supply and supports R&D for cost-effective EUV solutions. Key benefits include improved productivity, sustainability, and significant energy savings. This initiative could lead to innovations in semiconductor manufacturing over the coming decades.
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