Feb 9, 2016

Entegris Reports Fourth-Quarter and Full-Year Results; $100 Million Share Repurchase Authorization Announced


BILLERICA, Mass., Feb. 09, 2016 (GLOBE NEWSWIRE) -- Entegris, Inc. (Nasdaq:ENTG), a leading provider of yield-enhancing materials and solutions for advanced manufacturing processes, today reported its financial results for the Company's fourth quarter and fiscal year ended December 31, 2015.

The Company recorded fourth-quarter sales of $266.8 million.  Fourth-quarter net income of $17.6 million, or $0.12 per diluted share, included amortization of intangible assets of $11.4 million and aggregated acquisition and integration-related costs of $ 5.6 million associated with the April 30, 2014 acquisition of ATMI, Inc.  Non-GAAP net income was $ 28.8 million, or $0.20 per diluted share. 

Fiscal 2015 sales were $1.1 billion and compared to sales of $962.1 million in fiscal 2014. Net income for fiscal 2015 was $80.3 million which included amortization of intangible assets of $47.3 million and aggregated acquisition and integration-related costs of $12.7 million associated with the acquisition of ATMI, Inc.  Net income of $0.57 per diluted share compared to net income of $0.06 per diluted share a year earlier.  On a non-GAAP basis, net income per diluted share in fiscal 2015 was $0.85 compared with net income per diluted share of $0.69 for the year earlier.

Bertrand Loy, president and chief executive officer, said: "The fourth quarter was a strong finish to a transformational year for Entegris.  We are pleased with our fourth-quarter sales of $266.8 million, particularly in light of softening trends in the semiconductor industry.  Non-GAAP earnings per share of $0.20 reflected a lower gross margin which was offset by a favorable tax rate.  Gross margin was primarily impacted by lower manufacturing volumes as we aggressively drove a reduction of our inventory levels, as well as accelerated customer qualification activity related to the i2M ramp.  The 8 percent reduction of inventories helped us generate near record cash from operations in the quarter."

Mr. Loy added: "For the year, we grew our top line on a constant currency basis in excess of our markets, in spite of a difficult industry environment.  We generated $121 million of cash from operations, and grew our Non-GAAP earnings per share by 23 percent to a record high.  We are particularly pleased with these results in a year in which we completed an effective integration of ATMI, accelerated our new product development activity, and repaid $100 million of our debt."

Quarterly Financial Results Summary

(in millions, except per share data)

GAAP ResultsQ4-2015Q4-2014Q3-2015
Net sales$266,786 $271,633 $270,253 
Operating income  20,116  20,815  31,066 
Operating margin 7.5% 7.7% 11.5%
Net income$17,573 $9,312 $23,403 
Diluted earnings per share (EPS)$0.12 $0.07 $0.17 
 
Non-GAAP adjusted operating income$37,141 $42,056 $44,814 
Non-GAAP adjusted operating margin 13.9% 15.5% 16.6%
Non-GAAP net income$28,822 $23,818 $32,444 
Non-GAAP diluted EPS$0.20 $0.17 $0.23 


First-Quarter Outlook

For the fiscal first quarter ending April 2, 2016 the Company expects sales of $250 million to $265 million, net income of $11 million to $16 million, and net income per diluted share between $0.08 to $0.12 per share.  On a non-GAAP basis, EPS is expected to range from $0.13 to $0.17 per diluted share, which reflects net income on a non-GAAP basis in the range of $19 million to $24 million, which is adjusted for expected amortization expense of approximately $11.2 million or $0.05 per share.

Share BuyBack Authorization Announced

Entegris announced that the Company's Board of Directors has authorized the repurchase of up to $100 million of its common stock.  The purchases will occur in open market transactions from time to time depending on market conditions or in accordance with a repurchase plan under SEC Rule 10b5-1.

This authorization does not obligate the Company to repurchase any dollar amount or number of shares of common stock. This authorization is in effect until February 2017 and may be suspended or discontinued at any time.

Segment Results

The Company reports its results in two business segments: Critical Materials Handling (CMH) and Electronic Materials (EM).  Summary results by segment are contained in this press release.
CMH provides a broad range of products that filter, handle, dispense, and protect critical materials used in the semiconductor manufacturing process and in other high-technology manufacturing.  CMH's products and subsystems include high-purity materials packaging, fluid-handling and dispensing systems, liquid filters, as well as microenvironments that protect critical substrates such as wafers during shipping and manufacturing.  CMH also provides specialized graphite components and specialty coatings for use in high-temperature applications.

EM provides high-performance materials and specialty gas management solutions that enable high-yield, cost-effective semiconductor manufacturing.  EM's products consist of specialized chemistries and performance materials, gas microcontamination control solutions, and sub-atmospheric pressure gas delivery systems for the efficient handling of hazardous gases to semiconductor process equipment.

Fourth-Quarter Results Conference Call Details
Entegris will hold a conference call to discuss its results for the fourth quarter and fiscal year on Tuesday, February 9, 2016, at 10:00 a.m. Eastern Time.  Participants should dial 785-424-1675 or toll-free 888-632-3384, referencing confirmation code 2412795.  Participants are asked to dial in 5 to 10 minutes prior to the start of the call.  A replay of the call will be available starting February 9, 2016 at 1:00 p.m. (ET) until Monday, March 17, 2016.  The replay can be accessed by using passcode 2412795 after dialing 1-719-457-0820 or 1-888-203-1112. A live and on-demand webcast of the call can also be accessed from the investor relations section of Entegris' website at www.entegris.com.

ABOUT ENTEGRIS
Entegris is a leading provider of yield-enhancing materials and solutions for advanced manufacturing processes in the semiconductor and other high-technology industries.  On April 30, 2014, Entegris acquired Danbury, CT-based ATMI, Inc.  Entegris is ISO 9001 certified and has manufacturing, customer service and/or research facilities in the United States, China, France, Germany, Israel, Japan, Malaysia, Singapore, South Korea and Taiwan.  Additional information can be found at www.entegris.com.

Non-GAAP Information
The Company's condensed consolidated financial statements are prepared in conformity with accounting principles generally accepted in the United States (GAAP). Adjusted EBITDA and Adjusted Operating Income together with related measures thereof, and non-GAAP EPS, are considered "Non-GAAP financial measures" under the rules and regulations of the SEC. These financial measures are provided as a complement to financial measures provided in accordance with GAAP. We provide non-GAAP financial measures in order to better assess and measure operating performance. Management believes the non-GAAP measures better portray our baseline performance before certain gains, losses or other charges that may not be indicative of our business or future outlook. We believe these non-GAAP measures will aid investors' overall understanding of our results by providing a higher degree of transparency for certain expenses and providing a level of disclosure that will help investors understand how we plan and measure our business. The reconciliations of GAAP to non-GAAP Statements of Operations, GAAP to Adjusted Operating Income and Adjusted EBITDA, and GAAP to Non-GAAP Earnings per Share are included elsewhere in this release.

In addition we have included pro forma segment net sales and segment profit for the Critical Materials Handling and Electronic Materials business segments for the twelve months ended December 31, 2014.  Our pro forma presentation includes transactions (i) recorded by ATMI, Inc. prior to its merger with the Company and (ii) as if those business segments were configured during those prior periods to include the businesses included in those segments during the twelve months ended December 31, 2014.  We have provided this non-GAAP pro forma information to provide investors with comparative historical context for the performance of these business segments during the twelve months ended December 31, 2014.  Footnotes to the Historical Non-GAAP Pro Forma Segment Information table provided elsewhere in this release reconcile this information to the corresponding GAAP information.

Forward-Looking Statements
Certain information contained in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.  These forward-looking statements are based on current management expectations only as of the date of this press release, and involve substantial risks and uncertainties that could cause actual results to differ materially from the results expressed in, or implied by, these forward-looking statements.  Statements that include such words as "anticipate," "believe," "estimate," "expect," "forecast," "may," "will," "should" or the negative thereof and similar expressions as they relate to Entegris or our management are intended to identify such forward-looking statements.  These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict.  These risks include, but are not limited to, fluctuations in the market price of Entegris' stock, Entegris' future operating results, Entegris' ability to successfully integrate the ATMI business and achieve anticipated synergies, other acquisition and investment opportunities available to Entegris, general business and market conditions and other factors.  Additional information concerning these and other risk factors may be found in previous financial press releases issued by Entegris and Entegris' periodic public filings with the Securities and Exchange Commission, including discussions appearing under the headings "Risks Relating to our Business and Industry," "Additional Risks Related to Our Business," "Risks Relating to Our Indebtedness," "Manufacturing Risks," "International Risks," and "Risks Related to Owning Our Securities" in Item 1A of our Annual Report on Form 10—K for the fiscal year ended December 31, 2014, filed with the U.S Securities and Exchange Commission on February 26, 2015, the discussion appearing in Part II, Item 1A of our Quarterly Report on Form 10—Q for the fiscal period ended September 26, 2015, filed with the U.S Securities and Exchange Commission on October 29, 2015, as well as other matters and important factors disclosed previously and from time to time in the filings of Entegris with the U.S. Securities and Exchange Commission.  Except as required under the federal securities laws and the rules and regulations of the Securities and Exchange Commission, we undertake no obligation to update publicly any forward-looking statements contained herein.

 Entegris, Inc. and Subsidiaries
 Condensed Consolidated Statements of Operations
 (In thousands, except per share data)
 (Unaudited)
  
  Three months ended
     
  December 31,
2015
  December 31,
2014
  September 26,
2015
 
Net sales$266,786 $271,633 $270,253 
Cost of sales 157,488  153,713  153,943 
 Gross profit 109,298  117,920  116,310 
Selling, general and administrative expenses 51,024  58,879  46,730 
Engineering, research and development expenses 26,717  26,013  26,841 
Amortization of intangible assets 11,441  12,213  11,673 
 Operating income  20,116  20,815  31,066 
Interest expense, net 9,694  9,772  9,201 
Other (income) expense, net (3,889) 1,088  (5,624)
 Income before income tax (benefit) expense and equity in net loss of affiliates 14,311  9,955  27,489 
Income tax (benefit) expense (4,731) 440  4,018 
Equity in net loss of affiliates  1,469  203  68 
 Net income $17,573 $9,312 $23,403 
     
   
Basic net income per common share:$0.13 $0.07 $0.17 
Diluted net income per common share:$0.12 $0.07 $0.17 
    
Weighted average shares outstanding:   
 Basic 140,567  139,601  140,555 
 Diluted 141,433  140,433  141,317 




 Entegris, Inc. and Subsidiaries
 Condensed Consolidated Statements of Operations
 (In thousands, except per share data)
 (Unaudited)
  
  Twelve months ended
  December 31, 2015December 31, 2014
Net sales$1,081,121 $962,069 
Cost of sales 610,890  585,386 
 Gross profit 470,231  376,683 
Selling, general and administrative expenses 198,914  231,833 
Engineering, research and development expenses 105,900  87,711 
Amortization of intangible assets 47,349  37,067 
Contingent consideration fair value adjustment -  (1,282)
 Operating income  118,068  21,354 
Interest expense, net 38,238  32,019 
Other (income) expense, net (12,355) 2,727 
 Income (loss) before income tax expense (benefit) and equity in net loss of affiliates 92,185  (13,392)
Income tax expense (benefit)  10,202  (21,572)
Equity in net loss of affiliates 1,687  293 
 Net income$80,296 $7,887 
    
  
Basic net income per common share:$0.57 $0.06 
Diluted net income per common share:$0.57 $0.06 
    
Weighted average shares outstanding:  
 Basic 140,353  139,311 
 Diluted 141,121  140,062 



Entegris, Inc. and Subsidiaries
Condensed Consolidated Balance Sheets
(In thousands)
(Unaudited)
 
   December 31, 2015 December 31, 2014
ASSETS     
Cash and cash equivalents$349,825  $389,699 
Short-term investments  2,181   4,601 
Accounts receivable, net  141,409   153,961 
Inventories  173,176   163,125 
Deferred tax assets, deferred tax charges and refundable  income taxes 18,943   30,556 
Other current assets 25,228   23,713 
  Total current assets 710,762   765,655 
      
Property, plant and equipment, net 321,301   313,569 
      
Goodwill 342,111   340,743 
Intangible assets 258,942   308,554 
Deferred tax assets — non-current 7,771   5,068 
Other assets  17,053   28,502 
  Total assets $1,657,940  $1,762,091 
      
LIABILITIES AND SHAREHOLDERS' EQUITY  
Long-term debt, current maturities $50,000  $100,000 
Accounts payable  36,916   57,417 
Accrued liabilities  75,859   91,551 
Income tax payable and deferred tax liabilities  12,775   13,552 
  Total current liabilities 175,550   262,520 
      
Long-term debt, excluding current maturities  617,287   666,796 
Other liabilities  62,220   84,334 
Shareholders' equity  802,883   748,441 
  Total liabilities and shareholders' equity$1,657,940  $1,762,091 




Entegris, Inc. and Subsidiaries
Condensed Consolidated Statements of Cash Flows
(In thousands)
(Unaudited)
 
 Three months endedTwelve months ended
  December 31,
2015
  December 31,
2014
  December 31,
2015
  December 31, 
2014
  
Operating activities:     
Net  income $17,573 $9,312 $80,296 $7,887  
Adjustments to reconcile net income to net cash provided by operating activities:     
Depreciation 14,225  13,632  54,305  46,637  
Amortization 11,441  12,213  47,349  37,067  
Stock-based compensation expense 2,913  2,374  11,033  8,887  
Charge for fair value mark-up of acquired inventory sold -  -  -  48,586  
Provision for deferred income taxes (15,907) (15,934) (13,313) (44,716) 
Other (1,999) 4,692  (14,101) 11,728  
Changes in operating assets and liabilities:     
Trade accounts and notes receivable 43,232  16,454  5,212  (4,845) 
Inventories 12,880  (3,530) (26,670) (11,608) 
Accounts payable and accrued liabilities (41,262) (13,581) (28,686) 14,348  
Income taxes payable and refundable income taxes 8,602  14,128  4,955  10,975  
Other 520  (4,557) 538  1,477  
Net cash provided by operating activities 52,218  35,203  120,918  126,423  
Investing activities:     
Acquisition of property and equipment (16,281) (13,720) (71,977) (57,733) 
Acquisition of business, net of cash acquired -  -  -  (809,390) 
Proceeds from sale and maturities of investments 5,581  2,582  7,692  13,778  
Other 300  2,315  647  (6,950) 
Net cash used in investing activities (10,400) (8,823) (63,638) (860,295) 
Financing activities:     
Payments on long-term debt -  (26,150) (100,000) (88,650) 
Proceeds from long-term debt -  -  -  855,200  
Payments for debt issue costs -  -  -  (20,747) 
Issuance of common stock 1,656  1,854  4,264  3,559  
Taxes paid related to net share settlement of equity awards (50) (189) (2,508) (2,479) 
Other 4,792  2  5,457  765  
Net cash provided by (used in) financing activities 6,398  (24,483) (92,787) 747,648  
Effect of exchange rate changes on cash  548  (2,691) (4,367) (8,503) 
Increase (decrease) in cash and cash equivalents 48,764  (794) (39,874) 5,273  
Cash and cash equivalents at beginning of year 301,061  390,493  389,699  384,426  
Cash and cash equivalents at end of year$349,825 $389,699 $349,825 $389,699  




Entegris, Inc. and Subsidiaries
Segment Information
(In thousands)
(Unaudited)
 
 Three months endedTwelve months ended
Net salesDecember
31, 2015
December
31, 2014
September
26, 2015
December 31,
2015
December 31,
2014
Critical Materials Handling$163,567 $166,207 $166,043 $671,331 $653,964 
Electronic Materials 103,219  105,426  104,210  409,790  308,105 
  Total net sales$266,786 $271,633 $270,253 $1,081,121 $962,069 


 Three months endedTwelve months ended

Segment profit
 December 
31, 2015
  December
31, 2014
  September
26, 2015
  December
31, 2015
  December
31, 2014
 
Critical Materials Handling$33,030 $31,264 $37,109 $155,212 $138,379 
Electronic Materials 21,953  30,393  23,919  94,653  90,121 
Total segment profit 54,983  61,657  61,028  249,865  228,500 
Charge for fair value mark-up of acquired inventory -  -  -  -  48,586 
Amortization of intangibles 11,441  12,213  11,673  47,349  37,067 
Contingent consideration fair value adjustment -  -  -  -  (1,282)
Unallocated expenses 23,426  28,629  18,289  84,448  122,775 
  Total operating income $20,116 $20,815 $31,066 $118,068 $21,354 




Entegris, Inc. and Subsidiaries 
Historical Non-GAAP Pro Forma Segment Information 
(In thousands) 
(Unaudited) 
  
 Twelve Months Ended 
Segment Net Sales (a)December 31,
2014

As Reported
December 31,
2014

Pro Forma(1)
 
        
Critical Materials Handling$653,964 $667,154  
Electronic Materials 308,105  409,180  
Total segment net sales$962,069 $1,076,334  
    
Segment profit (b)   
Critical Materials Handling$138,379 $142,413  
Electronic Materials 90,121  117,114  
Total segment profit$228,500 $259,527  


(1)
The above pro forma results include the addition of ATMI, Inc.'s net sales and segment profit amounts recorded prior to the consummation of the merger with the Company on April 30, 2014 to the Company's reported GAAP net sales and segment profit amounts related to businesses that were transferred to the above business segments after the effectiveness of the merger and are provided as a complement to, and should be read in conjunction with, the Condensed Consolidated Statements of Operations to better facilitate the assessment and measurement of the Company's operating performance.

The above GAAP to Non-GAAP Pro Forma Segment Information is reconciled to the Company's GAAP figures for the quarters ended December 31, 2014 in the following footnotes.

a) The above pro forma segment sales include amounts for the year ended December 31, 2014 representing the Company's previously reported sales plus the sales of ATMI, Inc. reported prior to the consummation of the merger with the Company on April 30, 2014 as such sales are not included in the Company's financial statements.  CMH sales made by ATMI Inc. prior to the merger were $13.2 million for the year ended December 31, 2014.  EM sales made by ATMI Inc. prior to the merger were $101.1 million for the year ended December 31, 2014.

b) The above pro forma segment profit figures include amounts for the year ended December 31, 2014 representing the Company's previously reported segment profit figures plus the segment profit of ATMI, Inc. reported prior to the consummation of the merger with the Company on April 30, 2014, as such segment profits are not included in the Company's financial statements.  CMH profits made by ATMI Inc. prior to the merger were $4.0 million for the year ended December 31, 2014.  EM profits made by ATMI Inc. prior to the merger were $27.0 million for the year ended December 31, 2014.



 Entegris, Inc. and Subsidiaries
 GAAP to Non-GAAP Reconciliation of Statement of Operations
  (In thousands, except per share data)
 (Unaudited)
  
  Three months ended
 
December 31, 2015
 Twelve months ended
 
December 31, 2015
  U.S.
GAAP
AdjustmentsNon-
GAAP
 U.S.
GAAP
AdjustmentsNon-
GAAP
Net sales$266,786 $- $266,786  $1,081,121 $- $1,081,121 
Cost of sales 157,488  -  157,488   610,890  -  610,890 
 Gross profit 109,298  -  109,298   470,231  -  470,231 
Selling, general and administrative expenses (a) 51,024  (5,584) 45,440   198,914  (12,667) 186,247 
Engineering, research and development expenses 26,717  -  26,717   105,900  -  105,900 
Amortization of intangible assets (b) 11,441  (11,441) -   47,349  (47,349) - 
 Operating income 20,116  (17,025) 37,141   118,068  (60,016) 178,084 
Interest expense, net 9,694  -  9,694   38,238  -  38,238 
Other income, net (c) (3,889) 3,414  (475)  (12,355) 2,847  (9,508)
 Income before income tax (benefit) expense and equity in net loss of affiliates 14,311  (13,611) 27,922   92,185  (57,169) 149,354 
Income tax (benefit) expense (d)  (4,731) 3,760  (971)  10,202  18,248  28,450 
Equity in net loss of affiliates (e)  1,469  (1,398) 71   1,687  (1,398) 289 
 Net income$17,573 $(11,249)$28,822  $80,296 $40,319 $120,615 
         
Basic income per common share:$0.13 $0.08 $0.21  $0.57 $0.29 $0.86 
Diluted income per common share:$0.12 $0.08 $0.20  $0.57 $0.29 $0.85 
Weighted average shares outstanding:       
 Basic 140,567  140,567  140,567   140,353  140,353  140,353 
 Diluted 141,433  141,433  141,433   141,121  141,121  141,121 


The above GAAP to Non-GAAP Reconciliation of Statement of Operations is provided as a complement to and should be read in conjunction with the Condensed Consolidated Statements of Operations.  The above GAAP to Non-GAAP Reconciliation of Statement of Operations is provided to better facilitate the assessment and measurement of the Company's operating performance.

a)  Selling, general and administrative expense for the three and twelve months ended December 31, 2015 is adjusted for $5.6 million and $12.7 million, respectively, for integration costs related to the ATMI acquisition.

b)  Amortization expense for the three and twelve months ended December 31, 2015 is adjusted for $11.4 million and $47.3 million, respectively, for amortization expense related to the ATMI and prior acquisitions.

c)  Other income, net for the three and twelve months ended December 31, 2015 is adjusted for $2.0 million and $1.4 million, respectively, for net gain on impairment or sale of investments.

d)  Income tax (benefit) expense for the three and twelve months ended December 31, 2015 is adjusted for $3.8 million and $18.2 million, respectively, related to the adjustments noted above and items related to the ATMI acquisition and other matters.

e)  Equity in net loss of affiliates for the three and twelve months ended December 31, 2015 is adjusted for $1.4 million and $1.4 million, respectively, related to the impairment of an equity investment.





Entegris, Inc. and Subsidiaries
Reconciliation of GAAP Net Income to Adjusted Operating Income and Adjusted EBITDA
(In thousands)
(Unaudited)
 
 Three months ended Twelve months ended
 December 31,
2015
December 31,
2014
September 26,
2015
 December 31,
2015
December
31, 2014
Net sales$266,786 $271,633 $270,253  $1,081,121 $962,069 
Net income $17,573 $9,312 $23,403  $80,296 $7,887 
Adjustments to net income:       
Equity in net loss of affiliates 1,469  203  68   1,687  293 
Income tax (benefit) expense  (4,731) 440  4,018   10,202  (21,572)
Interest expense, net 9,694  9,772  9,201   38,238  32,019 
Other (income) expense, net (3,889) 1,088  (5,624)  (12,355) 2,727 
GAAP — Operating income  20,116  20,815  31,066   118,068  21,354 
Charge for fair value mark-up of acquired inventory sold -  -  -   -  48,586 
Transaction-related costs -  -  -   -  26,776 
Deal costs -  -  -   -  9,125 
Integration costs 5,584  9,028  2,075   12,667  19,652 
Contingent consideration fair value adjustment -  -  -   -  (1,282)
Amortization of intangible assets 11,441  12,213  11,673   47,349  37,067 
Adjusted operating income  37,141  42,056  44,814   178,084  161,278 
  Depreciation 14,225  13,632  13,356   54,305  46,637 
Adjusted EBITDA$51,366 $55,688 $58,170  $232,389 $207,915 
       
Adjusted operating margin 13.9% 15.5% 16.6%  16.5% 16.8%
Adjusted EBITDA — as a % of net sales 19.3% 20.5% 21.5%  21.5% 21.6%




Entegris, Inc. and Subsidiaries
Reconciliation of GAAP Net Income to Non-GAAP Earnings per Share
(In thousands, except per share data)
(Unaudited)
 
 Three months endedTwelve months ended
 December 31,
2015
December
31, 2014
September 26,
2015
 December 31,
2015
December
31, 2014
GAAP net income $17,573 $9,312 $23,403  $80,296 $7,887 
Adjustments to net income:      
Charge for fair value mark-up of acquired inventory sold -  -  -   -  48,586 
Transaction-related costs -  -  -   -  26,776 
Deal costs -  -  -   -  13,288 
Integration costs 5,584  9,028  2,075   12,667  19,510 
Contingent consideration fair value adjustment -  -  -   -  (1,282)
Net (gain) loss on impairment or sale of investments (2,016) 1,710  (50)  (1,449) 1,710 
Amortization of intangible assets 11,441  12,213  11,673   47,349  37,067 
Tax effect of adjustments to net income  (3,760) (8,445) (4,657)  (18,248) (56,819)
Non-GAAP net income$28,822 $23,818 $32,444  $120,615 $96,723 
       
Diluted earnings per common share$0.12 $0.07 $0.17  $0.57 $0.06 
Effect of adjustments to net income$0.08 $0.10 $0.06  $0.29 $0.63 
Diluted non-GAAP earnings per common share$0.20 $0.17 $0.23  $0.85 $0.69 

 

Steven Cantor
VP of Corporate Relations
T +1 978 436 6750
irelations@entegris.com