Key Developments For Entegris Inc
Entegris Inc (ENTG.O) (Nasdaq)
Entegris, Inc. Ships Gas Purification Systems Used In LED Manufacturing
Entegris, Inc. announced that it has shipped multiple Aeronex Gas Purification Systems to Lextar Electronics Corporation. Entegris' Aeronex systems are used in light emitting diode (LED) manufacturing to help ensure the desired brightness of the final LED device.
Entegris, Inc. Issues Q4 2010 Revenue Outlook Above Analysts' Estimates; Issues FY 2010 EBIT Outlook In Line With Analysts' Estimates-Conference Call
Entegris, Inc. announced that for the fourth quarter of 2009, it expects revenues to exceed third quarter levels. The Company reported revenue of $111 million in the third quarter of 2009. For fiscal 2010, the Company expects operating income to be between break even and $110 million, excluding amortization. According to Reuters Estimates, analysts on an average were expecting the Company to report revenue of $110 million for the fourth quarter of 2009; EBIT of $30 million for fiscal 2010.
Entegris, Inc. Announces Pricing of Its Public Offering of Common Stock
Entegris, Inc. announced that its underwritten public offering of 14.0 million shares of its common stock was priced at $3.80 per share. The offering reflected an additional 2.0 million shares from the offering size of 12.0 million shares of common stock. In addition, the underwriters have been granted an option to purchase up to an additional 2.1 million shares of the Company's common stock within 30 days, solely to cover over-allotments. The Company intends to use the net proceeds from the offering to reduce the outstanding borrowings under its credit agreement. The transaction is expected to close on or about September 16, 2009. Citigroup Global Markets Inc. is serving as sole book-running manager for the offering. Goldman, Sachs & Co. is serving as joint-lead manager, and Craig-Hallum Capital Group LLC, ABN AMRO Incorporated and PNC Capital Markets LLC are serving as co-managers.
Entegris, Inc. Issues Q3 2009 Revenue Outlook Above Analysts' Estimates; Announces Public Offering of Common Stock
Entegris, Inc. announced that for the third quarter of 2009, it currently estimates net sales to be at least $100 million. According to Reuters Estimates, analysts on an average were expecting the Company to report revenue of $92 million for the same period. The Company also announced that it has commenced an underwritten public offering of up to 12.0 million shares of its common stock pursuant to the Company's shelf registration statement filed with the Securities and Exchange Commission (the SEC). The underwriters will have the option to purchase up to an additional 1.8 million shares of common stock from the Company at the public offering price, less underwriting discounts and commissions, within 30 days, solely to cover over-allotments. The Company intends to use the net proceeds from the offering to reduce the outstanding borrowings under its credit agreement. Citigroup Global Markets Inc. is serving as sole book-running manager for the offering. Goldman, Sachs & Co. is serving as joint-lead manager and Craig-Hallum Capital Group LLC, ABN AMRO Incorporated and PNC Capital Markets LLC are serving as co-managers.
Entegris, Inc. Introduces Gas Purification System For High-Flow Applications
Entegris, Inc. announced that it has introduced the compact, energy-efficient gas purification system for high-flow, semiconductor manufacturing applications. Using XCDA (eXtreme Clean Dry Air), which has proven both safer and more effective than other gases employed in wafer production, the Aeronex Gas Purification System (AGPS 2HZ2) purifies 20,000 slpm of purge gases used in dry and immersion-based 193 nm lithography tools.
