Entegris Inc - ENTG STOCK NEWS

Entegris has announced its definitive merger agreement to acquire CMC Materials for approximately $6.5 billion. The transaction, valued at $133.00 per share for CMC shareholders, presents a 35% premium over the closing price on December 14, 2021. The merger aims to enhance Entegris' offerings in the semiconductor industry by integrating CMC's leading CMP products, creating a comprehensive electronic materials platform. Expected synergies include $75 million in cost savings and $40 million in capital expenditure synergies within 12-18 months, significantly accretive to non-GAAP EPS in the first year.

BASF has announced the sale of its Precision Microchemicals business to Entegris for $90 million. This transaction, expected to be completed by the end of 2021, includes technologies, intellectual property, and trademarks. The Precision Microchemicals business, part of BASF's Surface Treatment unit, focuses on high-purity materials such as cleaning chemistries and Chemical Mechanical Planarization (CMP) slurries. Entegris aims to enhance its specialty chemicals portfolio, particularly in CMP slurries for ultra-hard surface materials, targeting markets in electric vehicles and 5G communications.

Entegris, Inc. (NASDAQ: ENTG) reported a strong third-quarter, with revenues of $579 million, up 20% year-over-year. GAAP diluted EPS increased 48% to $0.86, while non-GAAP diluted EPS rose 37% to $0.92. The company noted over 23% organic sales growth year-to-date, despite ongoing supply chain challenges. For Q4 2021, Entegris anticipates sales between $580 million and $600 million and diluted earnings per share of $0.80 to $0.85.

Entegris (Nasdaq: ENTG) has released its inaugural Corporate Social Responsibility (CSR) report, titled Science Today for a Sustainable Tomorrow, detailing progress toward its ambitious 2030 goals. The report assesses 2020 baseline performance across four key areas: Innovation, Safety, Personal Development and Inclusion, and Sustainability, highlighting investments in R&D and safety enhancements. Entegris aims for 55% of operational expenses in R&D by 2030 and a 95% safety perception among employees.

Entegris, Inc. (NASDAQ: ENTG) has announced a quarterly cash dividend of $0.08 per share, scheduled for payment on November 17, 2021. Shareholders on record by the close of business on October 27, 2021 will receive this dividend. With approximately 5,800 employees, Entegris is a leading supplier in the semiconductor and high-tech industries, having a global presence across multiple countries. This dividend reflects confidence in the company’s operational stability and commitment to shareholder returns.

Entegris, Inc. (NASDAQ: ENTG) will announce its third quarter 2021 financial results on October 26, 2021, prior to market opening. A teleconference is scheduled for 9:00 a.m. ET on the same day. Participants can join by dialing +1 323-289-6576 or 1-800-437-2398 with confirmation code 9127390. A replay of the call will be available from 12:00 p.m. ET on October 26 until 12:00 p.m. ET on December 4, 2021. Entegris is a leading supplier of materials and process solutions for the semiconductor industry.

Entegris reported a strong second quarter for 2021, with sales reaching $571.4 million, up 27% year-over-year. GAAP net income was $88.8 million ($0.65 per diluted share), while non-GAAP net income stood at $116.7 million ($0.85 per diluted share). The company anticipates third-quarter sales between $575 million and $590 million and expects continued demand driven by advancements in semiconductor technology. Operating income increased to $138.9 million, reflecting an operating margin of 24.3%.

Entegris, Inc. (Nasdaq: ENTG) has declared a quarterly cash dividend of $0.08 per share, scheduled for payment on August 18, 2021. Shareholders on record by the close of business on July 28, 2021 will receive the dividend. This decision underscores the company's commitment to returning value to its shareholders amidst its operations in the semiconductor and high-tech industries, supported by ISO 9001 certification.

Entegris, Inc. (NASDAQ: ENTG) will announce its financial results for the second quarter of 2021 on July 27, 2021, before market opening. A teleconference will occur at 9:00 a.m. ET on the same day, with participants encouraged to call in 5-10 minutes early, using +1 323-289-6576 or 866-248-8441 and referencing passcode 5713272. For those unable to attend live, a replay will be available from 12:00 p.m. ET on July 27 until 12:00 p.m. ET on September 4, 2021. Entegris specializes in advanced materials for the semiconductor industry.