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Entegris has been recognized by Semiconductor Review Magazine as “Top 20 Semiconductor Tech Companies in Europe - 2023” based on our proprietary methodology, reflecting its position in the industry. This profile has been developed by the Semiconductor Review research and editorial team based on insights from an interview with Antoine Amade, President of the EMEA Region.
Entegris
World-class Supplier of Advanced Materials and Process Solutions
Antoine Amade, President of the EMEA RegionHowever, adopting these new metals presents a complex challenge. Integrated device manufacturers (IDMs) need to expedite speed-to-yield for the rapid implementation of a high-purity process.
With over five dynamic decades of experience as a world-class supplier for the semiconductor, life sciences, and other high-tech industries, Entegris—a global leader in advanced materials science—can make the difference. By providing high-performance and high-purity materials, it streamlines the path to high-volume production and ensures higher yields and superior quality.
The company has three divisions, with Materials Solutions focusing on materials and chemistries to drive industry advancements. Another division, Microcontamination Control, specializes in purifying and filtering fluids essential for chip manufacturing to enhance yield. The last division, Advanced Material Handling, focuses on preserving fluid and substrate integrity during transportation.
The company excels at producing materials solutions for advanced and mainstream fabs with different customer objectives in mind. Its comprehensive suite of consumable products includes implant gases, deposition precursors, formulated cleans, slurries, pads, and brushes, providing a holistic solution for chip manufacturing.
Entegris offers an array of filters and purifiers for gas and liquid applications.
In liquid applications, its solution can help efficiently remove metals and particles, targeting killer defects and latent defects alike. For the most advanced fabs, it provides sub-one nanometer retention rating filters. Its expertise extends to advanced materials handling, covering the entire process from wafer growth to device fabrication. Entegris’ polymer boxes play a crucial role in preserving wafers during transportation and processing. The liquid systems and components dispense, control, analyze, or transport process fluids.
Entegris leverages its expertise to analyze chip makers’ current solution landscape, identifying gaps between their existing setup and the most optimal solutions. Based on the gap analysis, it proposes a report detailing identified deficiencies and a corresponding roadmap for solution implementation, considering factors like ease of integration in the fabrication process and the potential impact on yield and stability. This approach helps the company to pinpoint improvement opportunities. Chip makers can then evaluate and implement the most suitable solutions, measuring the impact on their processes post-implementation.
While the company's primary business revolves around the semiconductor industry, its solutions extend to other sectors. In Europe, Entegris has made strides in desalination, addressing water scarcity and climate change concerns. It takes pride in contributing to water filtration for desalination, aligning with its commitment to corporate social responsibility.
“When facing material issues, yield challenges, or reliability concerns, turn to Entegris,” says Antoine Amade, President of the EMEA Region.
For example, it has set key benchmarks for the automotive industry, keeping the primary focus on chip makers. These provide a comprehensive view of ecosystem maturity and effectiveness management for a particular technology node. The company has identified the most suitable solutions to optimize yield and reliability for the foremost chip makers operating in that ecosystem for a specific technology node.
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When facing material issues, yield challenges, or reliability concerns, turn to Entegris
Entegris leverages its expertise to analyze chip makers’ current solution landscape, identifying gaps between their existing setup and the most optimal solutions. Based on the gap analysis, it proposes a report detailing identified deficiencies and a corresponding roadmap for solution implementation, considering factors like ease of integration in the fabrication process and the potential impact on yield and stability. This approach helps the company to pinpoint improvement opportunities. Chip makers can then evaluate and implement the most suitable solutions, measuring the impact on their processes post-implementation.
Entegris’ strategy for solution selling and partnership management is grounded in a holistic view of effectiveness management. By leveraging benchmarks, conducting thorough reviews, and fostering interactive engagements, it navigates from overarching themes down to specific topics. This iterative process defines the company’s daily interactions with customers, and it has achieved notable success in various domains, including deposition, chemical mechanical planarization (CMP), wet etch and clean, and photolithography.
Entegris recognizes the pivotal role of having the right talent to achieve its future objectives. Fueled by this belief, the company is resolute in its commitment to fostering innovation, sustainability, teamwork, work-life balance, and workplace safety. For individuals aspiring for responsibilities and growth opportunities, Entegris provides an environment that encourages their continuous progress. This foundational approach positions the company as an ideal partner, ensuring the delivery of high-purity materials at scale while aligning with the specific requirements of its customers.
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Company
Entegris
Management
Antoine Amade, President of the EMEA Region
Description
Entegris is a premier global supplier, specialising in high-purity materials for semiconductor, life sciences, and high-tech industries. With expertise in Materials Solutions, Microcontamination Control, and Advanced Material Handling, it optimises production efficiency and ensures superior quality.
Entegris News
Entegris Appoints David Reeder to Board of Directors
Entegris Completes the Sale of the Pipeline and Industrial Materials (PIM) Business to SCF Partners
Company Updates First Quarter 2024 Guidance for Divestiture of PIM
BILLERICA - Entegris, Inc. (Nasdaq: ENTG), a leading supplier of advanced materials and process solutions for the semiconductor and other high-technology industries, announced today it has completed the sale of its Pipeline and Industrial Materials business (PIM) to SCF Partners, Inc. (“SCF”), an energy investment firm, for a purchase price of up to $285 million, consisting of $260 million in cash that has been received at closing, subject to customary post-closing adjustment, and a $25 million earnout based on the achievement of certain 2025 and 2026 financial performance targets. The PIM business was acquired by Entegris with the acquisition of CMC Materials in July 2022, and sells drag reducing agents (DRAs) and a range of valve maintenance products and services for pipeline operations. The proceeds of this transaction will be used for further debt paydown.
As a result of the divestiture, the Company updated its financial guidance for the first quarter of 2024. For the first quarter ending March 30, 2024, the Company expects sales of $755 million to $775 million, GAAP net income of $49 million to $57 million and diluted earnings per common share between $0.33 and $0.38. On a non-GAAP basis, the Company expects diluted earnings per common share to range from $0.59 to $0.64, reflecting net income in the range of $89 million to $97 million. The Company also expects adjusted EBITDA of approximately 27% to 28% of sales.
BILLERICA - Entegris, Inc. (Nasdaq: ENTG), a leading supplier of advanced materials and process solutions for the semiconductor and other high-technology industries, announced today it has completed the sale of its Pipeline and Industrial Materials business (PIM) to SCF Partners, Inc. (“SCF”), an energy investment firm, for a purchase price of up to $285 million, consisting of $260 million in cash that has been received at closing, subject to customary post-closing adjustment, and a $25 million earnout based on the achievement of certain 2025 and 2026 financial performance targets. The PIM business was acquired by Entegris with the acquisition of CMC Materials in July 2022, and sells drag reducing agents (DRAs) and a range of valve maintenance products and services for pipeline operations. The proceeds of this transaction will be used for further debt paydown.
As a result of the divestiture, the Company updated its financial guidance for the first quarter of 2024. For the first quarter ending March 30, 2024, the Company expects sales of $755 million to $775 million, GAAP net income of $49 million to $57 million and diluted earnings per common share between $0.33 and $0.38. On a non-GAAP basis, the Company expects diluted earnings per common share to range from $0.59 to $0.64, reflecting net income in the range of $89 million to $97 million. The Company also expects adjusted EBITDA of approximately 27% to 28% of sales.
Entegris Reports Results for Second Quarter of 2024
• Net sales (as reported) of $813 million, decreased 10% from prior year and increased 5% sequentially
• Adjusted net sales (excluding the impact of divestitures) increased 6% from prior year and 10% sequentially
• GAAP diluted EPS of $0.45
• Non-GAAP diluted EPS of $0.71
BILLERICA, Mass--Entegris, Inc. (NASDAQ: ENTG), today reported its financial results for the Company’s second quarter ended June 29, 2024.
Bertrand Loy, Entegris’ president and chief executive officer, said: “The Entegris team delivered another quarter of strong performance and execution. Sales (excluding divestitures) increased 10 percent sequentially and were up in all three divisions and in most product lines.”
Mr. Loy added: "2024 continues to be a transition year for the semiconductor industry. We feel good about the improving fundamentals of the semi market and expect it will gradually recover in the second half of this year, albeit at a more moderate pace than previously expected. In the second half of 2024, we will continue to position the company for strong growth acceleration into 2025.”
“The compounding process complexity of our customers’ roadmaps is making Entegris expertise in materials science and materials purity increasingly valuable,” he said. “This is expected to translate into higher Entegris content per wafer, expanding served market, and fuel our market outperformance.”
Quarterly Financial Results Summary
Third Quarter Outlook
For the Company’s guidance for the third quarter ending September 28, 2024, the Company expects sales of $820 million to $840 million. The midpoint of this guidance range represents a 10% year-on-year increase, excluding the impact of divestitures. GAAP net income of $78 million to $85 million and diluted earnings per common share is expected to be between $0.51 and $0.56. On a non-GAAP basis, the Company expects diluted earnings per common share to range from $0.75 to $0.80, reflecting net income on a non-GAAP basis in the range of $114 million to $121 million. The Company also expects adjusted EBITDA of approximately 28.5% to 29.5% of sales.
Segment Results
The Company operates in three segments:
Materials Solutions (MS): MS provides materials-based solutions, such as chemical mechanical planarization slurries and pads, deposition materials, process chemistries and gases, formulated cleans, etchants and other specialty materials that enable our customers to achieve better device performance and faster time to yield, while providing for lower total cost of ownership.
Microcontamination Control (MC): MC offers advanced filtration solutions that improve customers’ yield, device reliability and cost by filtering and purifying critical liquid chemistries and gases used in semiconductor manufacturing processes and other high-technology industries.
Advanced Materials Handling (AMH): AMH develops solutions that improve customers’ yields by protecting critical materials during manufacturing, transportation, and storage including products that monitor, protect, transport and deliver critical liquid chemistries, wafers, and other substrates for a broad set of applications in the semiconductor, life sciences and other high-technology industries.
Second-Quarter Results
Entegris will hold a conference call to discuss its results for the second quarter on Wednesday, July 31, 2024, at 9:00 a.m. Eastern Time. Participants should dial 800-225-9448 or +1 203-518-9708, referencing confirmation ID: ENTGQ224. Participants are asked to dial in 10 minutes prior to the start of the call. For the live webcast and replay of the call, please Click Here.
• Adjusted net sales (excluding the impact of divestitures) increased 6% from prior year and 10% sequentially
• GAAP diluted EPS of $0.45
• Non-GAAP diluted EPS of $0.71
BILLERICA, Mass--Entegris, Inc. (NASDAQ: ENTG), today reported its financial results for the Company’s second quarter ended June 29, 2024.
Bertrand Loy, Entegris’ president and chief executive officer, said: “The Entegris team delivered another quarter of strong performance and execution. Sales (excluding divestitures) increased 10 percent sequentially and were up in all three divisions and in most product lines.”
Mr. Loy added: "2024 continues to be a transition year for the semiconductor industry. We feel good about the improving fundamentals of the semi market and expect it will gradually recover in the second half of this year, albeit at a more moderate pace than previously expected. In the second half of 2024, we will continue to position the company for strong growth acceleration into 2025.”
“The compounding process complexity of our customers’ roadmaps is making Entegris expertise in materials science and materials purity increasingly valuable,” he said. “This is expected to translate into higher Entegris content per wafer, expanding served market, and fuel our market outperformance.”
Quarterly Financial Results Summary
Third Quarter Outlook
For the Company’s guidance for the third quarter ending September 28, 2024, the Company expects sales of $820 million to $840 million. The midpoint of this guidance range represents a 10% year-on-year increase, excluding the impact of divestitures. GAAP net income of $78 million to $85 million and diluted earnings per common share is expected to be between $0.51 and $0.56. On a non-GAAP basis, the Company expects diluted earnings per common share to range from $0.75 to $0.80, reflecting net income on a non-GAAP basis in the range of $114 million to $121 million. The Company also expects adjusted EBITDA of approximately 28.5% to 29.5% of sales.
Segment Results
The Company operates in three segments:
Materials Solutions (MS): MS provides materials-based solutions, such as chemical mechanical planarization slurries and pads, deposition materials, process chemistries and gases, formulated cleans, etchants and other specialty materials that enable our customers to achieve better device performance and faster time to yield, while providing for lower total cost of ownership.
Microcontamination Control (MC): MC offers advanced filtration solutions that improve customers’ yield, device reliability and cost by filtering and purifying critical liquid chemistries and gases used in semiconductor manufacturing processes and other high-technology industries.
Advanced Materials Handling (AMH): AMH develops solutions that improve customers’ yields by protecting critical materials during manufacturing, transportation, and storage including products that monitor, protect, transport and deliver critical liquid chemistries, wafers, and other substrates for a broad set of applications in the semiconductor, life sciences and other high-technology industries.
Second-Quarter Results
Entegris will hold a conference call to discuss its results for the second quarter on Wednesday, July 31, 2024, at 9:00 a.m. Eastern Time. Participants should dial 800-225-9448 or +1 203-518-9708, referencing confirmation ID: ENTGQ224. Participants are asked to dial in 10 minutes prior to the start of the call. For the live webcast and replay of the call, please Click Here.
Entegris Appoints Mary Puma to Board of Directors
BILLERICA - Entegris, Inc. announced the appointment of Mary Puma to its board of directors. Ms. Puma previously served as the president and chief executive officer of Axcelis Technologies, Inc. The appointment brings the total number of Entegris board members to eight.
“We are delighted to welcome Mary to the Entegris board,” said Bertrand Loy, chair of the board, president and chief executive officer of Entegris. “For years, Mary served as a well-respected leader of a company developing solutions and applications critical to the semiconductor manufacturing process. I am confident that her breadth of leadership experience and in-depth knowledge of the semiconductor industry will make her a valuable member of our board. We look forward to working with Mary and to leveraging her deep industry insight to achieve the company’s growth and innovation objectives.”
“We are delighted to welcome Mary to the Entegris board,” said Bertrand Loy, chair of the board, president and chief executive officer of Entegris. “For years, Mary served as a well-respected leader of a company developing solutions and applications critical to the semiconductor manufacturing process. I am confident that her breadth of leadership experience and in-depth knowledge of the semiconductor industry will make her a valuable member of our board. We look forward to working with Mary and to leveraging her deep industry insight to achieve the company’s growth and innovation objectives.”
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“We are excited to welcome David to the board,” said Bertrand Loy, chair of the board, president and chief executive officer of Entegris. “David is an executive with an extensive background with leading global semiconductor and technology companies, such as GlobalFoundries, Broadcom, and Texas Instruments. He will bring to the board his experience in leadership, risk management, finance, operations and strategy, which we hope to leverage as we continue to grow our business and deliver value for our stakeholders.”