Entegris Completes the Sale of the Pipeline and Industrial Materials (PIM) Business to SCF Partners [Yahoo! Finance]
Entegris, Inc. (ENTG)
Last entegris, inc. earnings: 4/21 06:00 am
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Source: Yahoo! Finance
BILLERICA, Mass., March 04, 2024 BUSINESS WIRE )--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 fi
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News
- Entegris to Report Results for First Quarter of 2024 on Wednesday, May 1, 2024 [Yahoo! Finance]Yahoo! Finance
- Entegris to Report Results for First Quarter of 2024 on Wednesday, May 1, 2024Business Wire
- Most Shareholders Will Probably Find That The CEO Compensation For Entegris, Inc. (NASDAQ:ENTG) Is Reasonable [Yahoo! Finance]Yahoo! Finance
- Entegris Declares Quarterly Cash DividendBusiness Wire
- Entegris: Managing Reorganization Amidst EPS Growth Expectations [Seeking Alpha]Seeking Alpha
ENTG
Earnings
- 2/13/24 - Beat
ENTG
Sec Filings
- 4/25/24 - Form 4
- 4/25/24 - Form 4
- 4/25/24 - Form 4
- ENTG's page on the SEC website