Summary
Entegris, Inc. (ENTG) is a leading global supplier of microcontamination control products, specialty chemicals, and advanced materials handling solutions, primarily serving the semiconductor industry. The company's mission is to enhance customer manufacturing yields and device performance through innovative materials and purification technologies. ENTG operates through three segments: Specialty Chemicals and Engineered Materials (SCEM), Microcontamination Control (MC), and Advanced Materials Handling (AMH), offering a broad portfolio of approximately 21,000 products. A significant development for Entegris in early 2019 was the announcement of a definitive merger agreement with Versum Materials, Inc. This strategic move aimed to combine Entegris's capabilities with Versum's specialty materials expertise, subject to regulatory and shareholder approvals. The company reported strong financial performance in 2018, with net sales increasing by 15% year-over-year, driven by robust demand in the semiconductor industry, particularly in fluid handling, liquid chemistry filtration, and specialty materials. ENTG continues to invest significantly in R&D to maintain its technology leadership in an evolving industry landscape.
Financial Highlights
55 data points| Revenue | $1.55B |
| Cost of Revenue | $830.67M |
| Gross Profit | $719.83M |
| R&D Expenses | $118.46M |
| SG&A Expenses | $246.53M |
| Operating Income | $292.69M |
| Interest Expense | $34.09M |
| Net Income | $240.75M |
| EPS (Basic) | $1.71 |
| EPS (Diluted) | $1.69 |
| Shares Outstanding (Basic) | 141.03M |
| Shares Outstanding (Diluted) | 142.61M |
Key Highlights
- 1Entegris is a key supplier to the semiconductor industry, providing critical products for microcontamination control, specialty chemicals, and materials handling.
- 2The company announced a significant merger agreement with Versum Materials, Inc. in January 2019, aiming to create a more comprehensive solutions provider.
- 3Entegris reported a 15% increase in net sales for 2018, reaching $1.55 billion, driven by strong demand in the semiconductor sector.
- 4The company operates across three strategic segments: SCEM, MC, and AMH, each addressing critical aspects of the semiconductor manufacturing ecosystem.
- 5Significant investment in R&D ($118.5 million in 2018) underscores Entegris's commitment to innovation and maintaining technology leadership.
- 6International sales accounted for approximately 78% of total net sales in 2018, highlighting the company's global reach.
- 7Entegris has strong customer relationships, with its top ten customers accounting for 44% of net sales in 2018, indicating a degree of customer concentration.