Entegris Stock Price, News & Analysis

Entegris (NASDAQ: ENTG) announced an expansion of its Life Sciences manufacturing facilities in Billerica, MA; Bloomington, MN; and Logan, UT, as part of a $30 million investment plan for 2021. This follows an earlier $10 million investment in 2020. The expansions will focus on bioprocessing assemblies, including the Aramus™ critical fluid handling product line, which supports vaccine production. Entegris plans to hire nearly 200 skilled employees in 2021 and is developing a Life Sciences Technology Center to enhance bioprocess support.

Entegris reported Q1 2021 sales of $512.8 million, a 24% increase year-over-year. GAAP net income reached $84.7 million ($0.62 per diluted share), while non-GAAP net income was $95.5 million ($0.70 per diluted share). The growth was fueled by strong demand in liquid filtration, advanced deposition materials, and specialty coatings. Additionally, the company anticipates second-quarter sales between $530 million and $545 million, with adjusted diluted earnings projected between $0.77 and $0.82.

Entegris, Inc. (NASDAQ: ENTG) has priced a private offering of $400 million in 3.625% senior unsecured notes due 2029. The offering, which is set to close on April 30, 2021, will yield net proceeds of approximately $394 million after expenses. These funds will be utilized to redeem outstanding senior unsecured notes due 2026 and cover related fees. The 2029 Notes will be available to qualified institutional buyers under Rule 144A and will not be registered under the Securities Act.

Entegris (NASDAQ: ENTG) has announced a private offering of $400 million in senior unsecured notes due 2029. The proceeds will be utilized to redeem $550 million in outstanding notes due 2026 and cover related fees. The offering is contingent on market conditions and will target qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S. The 2029 Notes will not be registered under the Securities Act. Entegris is a leading supplier in the semiconductor industry with global manufacturing and service facilities.

Entegris, Inc. (Nasdaq: ENTG) has announced a quarterly cash dividend of $0.08 per share, set to be paid on May 19, 2021. This distribution will be allocated to shareholders of record as of the close of business on April 28, 2021. Entegris is recognized as a leading supplier of advanced materials and process solutions tailored for the semiconductor and high-tech sectors, with a robust global presence.

Entegris, Inc. (NASDAQ: ENTG) will announce its first quarter 2021 financial results on April 27, 2021, before market opening. A management teleconference is set for the same day at 9:00 a.m. ET. Participants can join by calling +1 323-289-6576 or 800-437-2398, using confirmation code 3813181. The replay will be available from 12:00 p.m. on April 27 until 12:00 p.m. on June 12, 2021. Entegris provides advanced materials and process solutions for the semiconductor and high-tech sectors, with facilities in various countries around the globe.

Entegris, Inc. (NASDAQ: ENTG) has appointed Yvette Kanouff and Rodney Clark to its board of directors as part of a succession planning strategy. Kanouff, CTO at JC2 Ventures, is recognized for her experience in bringing disruptive technologies to market. Clark, from Microsoft, brings significant expertise in IoT and Mixed Reality sales. Both appointments aim to enhance the company's technology leadership and board diversity, with a target of 50% diversity by 2030. Additionally, the board introduced new governance measures, including a reduced retirement age for independent directors.

Entegris, Inc. (NASDAQ: ENTG) reported a strong fourth quarter for 2020, with sales totaling $517.6 million, a 21% increase from the previous year. The GAAP net income reached $86.6 million or $0.63 per diluted share, while non-GAAP net income was $97.1 million with earnings of $0.71 per share. The company anticipates first-quarter sales between $510 million and $525 million, reflecting ongoing optimism in the semiconductor market driven by high chip demand.