• Revenue of $177.5 million, up 8 percent sequentially
• GAAP net income of $19.8 million, or $0.14 per share; Non-GAAP net income of $21.3 million, or $0.15 per share
• Operating margin of 14.9 percent; Adjusted operating margin of 16.2 percent
• Net cash generated from operations of $34.8 million

BILLERICA, Mass., July 23, 2013 (GLOBE NEWSWIRE) -- Entegris, Inc. (Nasdaq:ENTG) today reported its financial results for the Company's second quarter ended June 29, 2013.

The Company recorded second-quarter sales of $177.5 million, an increase of 8 percent sequentially, and a 6 percent decline from the prior year second quarter. Second-quarter operating margin was 14.9 percent, with an adjusted operating margin of 16.2 percent, excluding amortization of intangible assets of $2.4 million. Net income for the second quarter was $19.8 million, or $0.14 per share. Non-GAAP earnings per share of $0.15 in the second quarter of 2013 compared to $0.13 in the first quarter of 2013 and $0.16 in the second quarter of 2012. A reconciliation table of GAAP to non-GAAP earnings per share and operating margin is contained in this press release.

For the first half of fiscal 2013, sales were $342.6 million, down 6 percent from the first half of 2012. Net income for the first half of 2013 was $36.2 million, or $0.26 per share, compared to $39.5 million, or $0.29 per share, for the same period a year ago. Non-GAAP earnings per share for the first six months of 2013 were $0.28 per share versus $0.30 per share a year ago.

Bertrand Loy, president and chief executive officer, said: "The second-quarter sales were stronger than expected as semiconductor makers continued to ramp production on their most advanced fabs. Sales of our Contamination Control Solutions products increased 10 percent sequentially, driven primarily by a record quarter for liquid filter products and higher sales of fluid handling components and gas purification products. Sales of Microenvironment products grew 4 percent, and sales of Specialty Materials products were even with the first quarter levels.

"We are pleased with the operating results which exceeded our target model. We generated strong cash flow from operations in the quarter, and we are deploying our cash consistent with our strategy to achieve our goal of both driving above-market growth and creating long-term shareholder value.

"We are very optimistic about the long-term growth of the semiconductor industry. However, in the short term we are seeing mixed signs in the market," said Loy.

For the fiscal third quarter ending September 28, 2013, the Company expects sales to be approximately $165 million to $180 million, and EPS to range between $0.10 and $0.13 per share. On a non-GAAP basis, EPS is expected to range from $0.11 to $0.14 per share, which reflects net income on a non-GAAP basis in the range of $15 million to $20 million, which is adjusted for expected amortization expense of $2.4 million or $0.01 per share.

Second-Quarter Results Conference Call Details

Entegris will hold a conference call to discuss its results for the second quarter on Tuesday, July 23, 2013, at 10:00 a.m. Eastern Time. Participants should dial 719-457-2645 or toll-free 888-359-3624, referencing confirmation code 6232027. 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 July 23 at 1:00 p.m. (ET) until September 5, 2013. The replay can be accessed by using passcode 6232027 after dialing 719-457-0820 or 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 a wide range of products for purifying, protecting and transporting critical materials used in processing and manufacturing in the semiconductor and other high-technology industries. 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 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 reflect operating performance. Management believes the non-GAAP measures help indicate 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 presentation of non-GAAP measures is not meant to be considered in isolation, as a substitute for, or superior to, financial measures or information provided in accordance with GAAP. The calculations of Adjusted EBITDA margin, Adjusted Operating Income, and non-GAAP EPS are included elsewhere in this release.

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, 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," "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, 2012, 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.

CONTACT: Steven Cantor

         VP of Corporate Relations

         T +1 978 436 6750

         irelations@entegris.com