Entegris Stock Price, News & Analysis

Entegris, Inc. (Nasdaq: ENTG) announced the planned retirement of CFO Greg Graves in 2023, initiating a search for his successor with the help of an executive search firm. Graves has been with the company for two decades, serving as CFO for 17 years, significantly contributing to its growth from a $700 million company in 2012 to a $4 billion leader in the semiconductor market. Graves will remain in his role until a successor is appointed and will assist during the transition. Entegris continues to prioritize shareholder value and innovation in advanced materials for high-tech industries.

Quad-C Management, Inc. has entered into a definitive agreement to acquire QED Technologies International, Inc. from Entegris, Inc. The transaction, expected to close in Q1 2023, aims to enhance QED's position in precision optics finishing for sectors like semiconductor and aerospace. QED is known for its advanced polishing and metrology solutions designed to boost production efficiency while reducing costs. Tom Hickey of Quad-C expressed excitement about collaborating with QED's management for growth. Entegris continues to focus on its core business in advanced materials and process solutions.

Entegris, Inc. (NASDAQ: ENTG) has announced a quarterly cash dividend of $0.10 per share, set to be paid on February 22, 2023. This dividend will benefit shareholders of record as of the close of business on February 1, 2023. Entegris is a leading supplier in the semiconductor and high-tech sectors, employing around 10,000 individuals globally. The company provides advanced materials and process solutions aimed at enhancing productivity and performance for its customers across various manufacturing environments. For detailed information, visit www.entegris.com.

Entegris, Inc. (NASDAQ: ENTG) announced plans to enhance production and purification capabilities at its Pueblo, Colorado, and Hollister, California facilities, investing approximately $50 million. This expansion aims to meet the rising demand for ultra-high purity electronic chemicals essential for semiconductor manufacturing. The investment follows ongoing developments in Europe and Southeast Asia, with project completion expected within two years. CEO Bertrand Loy emphasized that this move aligns with the CHIPS for America Act and the European Chips Act, positioning Entegris favorably for new customer fabs in 2024 and 2025.

Entegris has announced plans to construct a new manufacturing center of excellence in Colorado Springs, aiming for initial operations by mid-2024. This facility will enhance its Microcontamination Control and Advanced Materials Handling divisions and is expected to generate around 600 new jobs. Entegris plans to invest approximately $600 million, supported by state and local incentives and potential federal funding from the CHIPS and Science Act. The initial phase will include a 100,000-square-foot facility, emphasizing sustainability in its operations.

Entegris (Nasdaq: ENTG) released its 2021 Corporate Social Responsibility (CSR) report, titled Collaborative Innovation to Build a Better Tomorrow, detailing progress toward its 2030 goals. The report highlights advancements in four key areas: Innovation, achieving 100% alignment of new products with U.N. Sustainable Development Goals; Safety, reporting a record low total recordable incident rate of 0.51; Personal Development, investing over $8 million in diversity programs; and Sustainability, aiming for a 15% reduction in energy consumption. Entegris plans to update its CSR strategy following the acquisition of CMC Materials.

Entegris reported third-quarter revenue of $994 million, a 71% year-over-year increase, with a proforma growth of 14%. Despite this, the company faced a GAAP net loss of $73.7 million or $0.50 loss per diluted share. In contrast, non-GAAP net income stood at $127.8 million, yielding earnings of $0.85 per diluted share. Looking ahead, for Q4, Entegris projects sales between $930 million and $970 million, with potential losses due to U.S. export controls estimated at $40 million to $50 million.

Entegris (NASDAQ: ENTG) will announce its third quarter 2022 financial results on November 2, 2022, before market opening. A management teleconference will follow at 9:00 a.m. ET, with dial-in details provided for participants. A replay of this call will be available starting at 12:00 p.m. ET on the same day until December 17, 2022. Entegris, a leader in advanced materials for the semiconductor industry, employs around 10,000 people globally and maintains a commitment to quality as evidenced by its ISO 9001 certification.