Entegris Inc - ENTG STOCK NEWS

Entegris, Inc. (Nasdaq: ENTG) announced the pricing of a private offering of $895 million in senior unsecured notes with a 5.950% interest rate, set to close on June 30, 2022. The proceeds, estimated at approximately $878 million after credits, will primarily finance the merger with CMC Materials, Inc., cover merger-related expenses, and pay off existing debt. The notes will be secured initially by an escrow account until the merger is completed. The offering is available only to qualified institutional buyers, aligning with SEC regulations.

Entegris, Inc. (Nasdaq: ENTG) announced its wholly-owned subsidiary, Entegris Escrow Corporation, plans to offer senior unsecured notes due 2030, subject to market conditions. The proceeds will finance part of its merger with CMC Materials, Inc., covering cash considerations, fees, and expenses, as well as repaying existing debt. The notes will be escrow-secured until the merger completes, and will then become senior unsecured obligations of Entegris. The notes will not be registered under the Securities Act and will be offered only to qualified institutional buyers.

Entegris reported a robust first-quarter revenue of $649.6 million, reflecting a 27% increase year-over-year. GAAP diluted EPS rose 48% to $0.92, while non-GAAP diluted EPS increased 51% to $1.06. The company expects continued strong demand in the semiconductor market, raising its full-year outlook for 2022. Despite ongoing supply chain challenges, all divisions experienced significant growth. The pending acquisition of CMC Materials is expected to close in the second half of the year, further enhancing Entegris's market position.

Entegris, Inc. (NASDAQ: ENTG) has declared a quarterly cash dividend of $0.10 per share, scheduled for payment on May 25, 2022. Shareholders of record as of May 4, 2022 will receive this dividend. Entegris is a leading supplier of advanced materials and process solutions for the semiconductor and high-tech industries, employing approximately 6,600 individuals globally. With a presence in multiple countries including the US, Canada, and China, the company maintains high standards, being ISO 9001 certified.

Entegris will report its financial results for Q1 2022 on April 26, 2022, before the market opens. A teleconference is scheduled for 9:00 a.m. Eastern Time on the same day. Participants can join by dialing 1-323-794-2588 or 1-888-220-8451 using passcode 7732706. A replay will be available from 12:00 p.m. on April 26 until 12:00 p.m. on June 4, 2022. Entegris is a leading supplier of advanced materials for the semiconductor and high-tech industries, employing approximately 6,600 staff globally.

Entegris announced a private offering of $1.6 billion in 4.750% senior secured notes due 2029, priced at $995.23 per $1,000 principal amount. The offering will close on April 14, 2022. The net proceeds will finance a part of the cash consideration for the merger with CMC Materials, cover transaction-related fees, repay existing debts, and fund working capital. The notes will be secured initially by escrow account funds and later by Entegris’ existing and future subsidiaries. The offering is only available for qualified institutional buyers.

Entegris, Inc. (NASDAQ: ENTG) has announced its subsidiary, Entegris Escrow Corporation, will offer senior secured notes due 2029, subject to market conditions. The funds will support the merger with CMC Materials, Inc., covering cash consideration, related expenses, refinancing existing debt, and general corporate purposes. The notes will be secured by funds in an escrow account until the merger's completion. This offering is targeted at qualified institutional buyers, adhering to the Securities Act regulations.

Entegris reported strong financial performance for Q4 2021 with revenues of $635 million, a 23% increase year-over-year, and a GAAP diluted EPS of $0.87, up 38%. For the full year, total revenue reached $2.3 billion, marking a 24% rise. Non-GAAP diluted EPS also grew to $0.96 for Q4 and $3.44 for 2021. The company anticipates continued demand in 2022 and is excited about its upcoming acquisition of CMC Materials. Management remains positive about the semiconductor market's growth.

Entegris, Inc. (Nasdaq: ENTG) has announced a 25% increase in its quarterly cash dividend, now set at $0.10 per share. This dividend will be paid on February 23, 2022 to shareholders recorded by the close of business on February 2, 2022. Entegris is a leading supplier of advanced materials and process solutions for the semiconductor industry, with about 6,600 employees globally and numerous facilities across various countries.