Welcome to our dedicated page for Entegris news (Ticker: ENTG), a resource for investors and traders seeking the latest updates and insights on Entegris stock.
Entegris Inc. reports company developments tied to critical advanced materials and process solutions for semiconductor and other high-technology manufacturing. Its updates commonly cover quarterly results, demand for advanced manufacturing processes, cash generation, leverage reduction, and capital returns through quarterly cash dividends.
Recurring operating themes include materials science and purity, liquid filtration, selective etch, CMP consumables, deposition materials, specialty gases, formulated etch and clean materials, and other products used by semiconductor customers to improve device performance and yield. Company news also includes finance leadership changes and board-authorized capital actions.
Entegris (NASDAQ: ENTG) has announced it will release its financial results for the second quarter of 2024 before the market opens on Wednesday, July 31, 2024. The company has scheduled a teleconference with management for the same day at 9:00 AM ET. Investors and analysts can participate in the call by dialing +1-800-225-9448 or 1-203-518-9708 and referencing Conference ID: ENTGQ224. Participants are advised to dial in 5 to 10 minutes before the call starts. A live webcast and replay of the call will also be available.
Entegris (Nasdaq: ENTG), a leading supplier of advanced materials and process solutions for the semiconductor and high-tech industries, has announced a quarterly cash dividend of $0.10 per share. The dividend will be paid on August 21, 2024, to shareholders of record at the close of business on July 31, 2024. This announcement demonstrates Entegris' commitment to returning value to its shareholders and reflects the company's financial stability in the competitive semiconductor industry.
Entegris has released its fourth annual Corporate Social Responsibility (CSR) report for 2023, detailing significant progress in innovation, safety, personal development, inclusion, and sustainability. The company highlighted efforts such as a 35% reduction in landfill waste, a $5.4 million investment in STEM scholarships and internships, and deployment of the SafeStart© program. Notable achievements include receiving a Gold rating from EcoVadis and an 'A' rating from MSCI. Entegris' CSR strategy aligns with U.N. SDGs and follows SASB standards, with additional focus on TCFD metrics.
Entegris (Nasdaq: ENTG) has signed a Preliminary Memorandum of Terms (PMT) with the U.S. Department of Commerce for up to $75 million in proposed funding under the CHIPS and Science Act. The funding will support the establishment of a new Manufacturing Center of Excellence in Colorado Springs, expected to begin operations in 2025. This facility will enhance production capabilities for critical semiconductor manufacturing products and create approximately 600 new jobs. The center will also contribute to local economic growth, sustainability goals, and workforce development, partnering with various educational institutions and military organizations.
Entegris, Inc. reported net sales of $771 million for the first quarter of 2024, a 16% decrease from the prior year. GAAP diluted EPS was $0.30 and non-GAAP diluted EPS was $0.68. The company sold its Pipeline and Industrial Materials business, paid down over $400 million of debt, and expects gradual market recovery in the semiconductor industry for 2024. Entegris operates in three segments: Materials Solutions, Microcontamination Control, and Advanced Materials Handling.
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