Entegris Stock Price, News & Analysis

Entegris (NASDAQ: ENTG) is set to announce its financial results for the first quarter of 2023 before market opening on May 11, 2023. A teleconference is scheduled for 8:00 a.m. Eastern Time on the same day, where management will discuss the results. Interested participants can join by dialing +1 800-245-3047 or +1 203-518-9765, using Conference ID: ENTGQ123. It is advised to connect 5-10 minutes early. A live webcast of the call will also be available, along with a replay. Entegris is a prominent supplier of advanced materials for the semiconductor and high-tech industries, boasting about 9,000 employees globally and multiple manufacturing and research facilities across several countries.

Entegris, Inc. (Nasdaq: ENTG) has declared a quarterly cash dividend of $0.10 per share. The dividend will be paid on May 24, 2023 to shareholders who are on record as of the close of business on May 3, 2023. This announcement reflects the company's commitment to returning value to its shareholders.

Entegris specializes in providing advanced materials and process solutions for the semiconductor and high-tech industries, with approximately 10,000 employees globally. The company maintains ISO 9001 certification and has operations in multiple countries, including the United States, Canada, and Japan.

Entegris, Inc. (NASDAQ: ENTG) has appointed Linda LaGorga as its new chief financial officer, effective May 15, 2023, succeeding Greg Graves, who is retiring after over 20 years with the company. LaGorga, who brings more than 25 years of financial expertise, previously served as VP and CFO at Honeywell’s $2.4 billion UOP business unit, among other roles. She holds a Bachelor’s degree from the University of Pennsylvania and an MBA from Harvard Business School. CEO Bertrand Loy expressed confidence in LaGorga's capabilities to steer the financial direction of Entegris and enhance its growth potential.

Entegris has participated in a $10M financing round for TeraPore Technologies, a company specializing in advanced nanofiltration systems used for biomanufacturing. This funding, led by Anzu Partners, will support the launch of TeraPore's IsoBlock^TM virus filters and expand its technology into new markets. The IsoBlock filters promise superior productivity and robust viral clearance, addressing the rising demand for effective filtration in the manufacturing of biologics. Additionally, Olivier Blachier from Entegris will join TeraPore's Board of Directors, indicating a deeper collaboration between the two entities.

Entegris, Inc. (NASDAQ: ENTG) has announced the appointment of James (Jim) Anderson to its board of directors. Anderson, the current CEO of Lattice Semiconductor, brings over 20 years of technology industry experience, having held key positions at Intel and AMD. The board is optimistic that his expertise in the semiconductor sector will aid Entegris in enhancing operational execution and innovation. This strategic addition aligns with Entegris' commitment to meet the evolving needs of the high-tech industry, leveraging Anderson's insights for future growth.

Entegris reported fourth-quarter 2022 revenue of $946 million, up 49% year-over-year, with GAAP net income of $57.4 million and diluted EPS of $0.38. Non-GAAP net income reached $124.5 million, translating to a non-GAAP EPS of $0.83. Full-year revenue saw a 43% increase, showing strong market performance. For Q1 2023, the company anticipates sales between $880 million and $910 million, with non-GAAP EPS estimates ranging from $0.50 to $0.55. Challenges are expected in the semiconductor industry, prompting a focus on cost management and R&D investments.