Entegris Stock Price, News & Analysis

Entegris, Inc. (NASDAQ: ENTG) has declared a quarterly cash dividend of $0.10 per share, scheduled for payment on May 25, 2022. Shareholders of record as of May 4, 2022 will receive this dividend. Entegris is a leading supplier of advanced materials and process solutions for the semiconductor and high-tech industries, employing approximately 6,600 individuals globally. With a presence in multiple countries including the US, Canada, and China, the company maintains high standards, being ISO 9001 certified.

Entegris will report its financial results for Q1 2022 on April 26, 2022, before the market opens. A teleconference is scheduled for 9:00 a.m. Eastern Time on the same day. Participants can join by dialing 1-323-794-2588 or 1-888-220-8451 using passcode 7732706. A replay will be available from 12:00 p.m. on April 26 until 12:00 p.m. on June 4, 2022. Entegris is a leading supplier of advanced materials for the semiconductor and high-tech industries, employing approximately 6,600 staff globally.

Entegris announced a private offering of $1.6 billion in 4.750% senior secured notes due 2029, priced at $995.23 per $1,000 principal amount. The offering will close on April 14, 2022. The net proceeds will finance a part of the cash consideration for the merger with CMC Materials, cover transaction-related fees, repay existing debts, and fund working capital. The notes will be secured initially by escrow account funds and later by Entegris’ existing and future subsidiaries. The offering is only available for qualified institutional buyers.

Entegris, Inc. (NASDAQ: ENTG) has announced its subsidiary, Entegris Escrow Corporation, will offer senior secured notes due 2029, subject to market conditions. The funds will support the merger with CMC Materials, Inc., covering cash consideration, related expenses, refinancing existing debt, and general corporate purposes. The notes will be secured by funds in an escrow account until the merger's completion. This offering is targeted at qualified institutional buyers, adhering to the Securities Act regulations.

Entegris reported strong financial performance for Q4 2021 with revenues of $635 million, a 23% increase year-over-year, and a GAAP diluted EPS of $0.87, up 38%. For the full year, total revenue reached $2.3 billion, marking a 24% rise. Non-GAAP diluted EPS also grew to $0.96 for Q4 and $3.44 for 2021. The company anticipates continued demand in 2022 and is excited about its upcoming acquisition of CMC Materials. Management remains positive about the semiconductor market's growth.

Entegris, Inc. (Nasdaq: ENTG) has announced a 25% increase in its quarterly cash dividend, now set at $0.10 per share. This dividend will be paid on February 23, 2022 to shareholders recorded by the close of business on February 2, 2022. Entegris is a leading supplier of advanced materials and process solutions for the semiconductor industry, with about 6,600 employees globally and numerous facilities across various countries.

Entegris will announce its fourth quarter 2021 financial results on February 1, 2022, before market opening. A teleconference is scheduled for the same day at 9:00 a.m. ET, where participants can join by calling +1 323-794-2588 or 1-888-394-8218 with the confirmation code 5961315. A replay of the call will be accessible from 12:00 p.m. ET, February 1, 2022, until 12:00 p.m. ET, March 12, 2022. Entegris is a leading supplier in the semiconductor industry with around 6,600 employees globally.

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.