Summary
Entegris, Inc. (ENTG), a global leader in microcontamination control products and advanced materials solutions, demonstrated strong performance in its 2016 fiscal year. The company reported a significant increase in net sales, up 9% year-over-year to $1.175 billion, driven primarily by growing demand from the semiconductor industry. This growth was fueled by higher fab utilization, increased capital spending, and strong sales in key product areas like advanced deposition materials, wafer handling, and wet etch/CMP products. Financially, Entegris saw a robust increase in net income to $97.1 million, up from $80.3 million in the prior year, translating to diluted EPS of $0.68. The company also generated substantial operating cash flow, reinforcing its financial stability. Entegris's business is strategically organized into three segments: Specialty Chemicals and Engineered Materials (SCEM), Advanced Materials Handling (AMH), and Microcontamination Control (MC), all contributing to its integrated solutions approach for high-technology manufacturing. The company continues to invest in R&D to maintain its technological leadership and expand its offerings in adjacent markets, positioning itself for sustained growth in the dynamic semiconductor ecosystem.
Financial Highlights
53 data points| Revenue | $1.18B |
| Cost of Revenue | $666.58M |
| Gross Profit | $508.69M |
| R&D Expenses | $106.99M |
| SG&A Expenses | $201.90M |
| Operating Income | $155.54M |
| Interest Expense | $36.85M |
| Net Income | $97.15M |
| EPS (Basic) | $0.69 |
| EPS (Diluted) | $0.68 |
| Shares Outstanding (Basic) | 141.09M |
| Shares Outstanding (Diluted) | 142.05M |
Key Highlights
- 1Net sales increased by 9% to $1.175 billion in 2016, driven by strong demand in the semiconductor industry.
- 2Net income rose to $97.1 million, with diluted EPS of $0.68, indicating improved profitability.
- 3The company generated significant operating cash flow of $207.6 million, underscoring its financial health.
- 4Entegris operates through three key segments: SCEM, AMH, and MC, providing a comprehensive suite of solutions for semiconductor manufacturing.
- 5Investments in R&D remain a priority, with $107.0 million spent in 2016 to drive innovation and new product development.
- 6Geographically, Asia Pacific represents the largest market, accounting for 56% of sales in 2016.
- 7The company actively repurchased shares under its authorized program, returning value to shareholders.