Entegris Board Approves $500M Share-Repurchase Program

Dow Jones07:22

Entegris said its board approved a $500 million share-repurchase program and the company expects to raise its quarterly cash dividend by 10% starting in the first quarter of next year.

The announcements were made at the company's 2026 Capital Markets Day.

Entegris also introduced its updated long-term financial model, which targets a compound annual growth rate for revenue of about 15%. The company is also targeting adjusted gross margin of about 55%, adjusted operating margin of approximately 35%, and adjusted earnings per share CAGR of approximately 30%, it added.

The company has a market cap of $19.55 billion, 152.8 million shares outstanding, and a public float of 151.9 million shares. Its stock gained 9.4% in the day's regular trading session, closing at $140.06.

Entegris supplies critical advanced materials and process solutions for the semiconductor and other high-tech industries.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment