ENTEGRIS INC
For the period ended Sep 27, 2025. Filed Oct 30, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 27, 2025 · Filed Oct 30, 2025
ENTG$138.57-1.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. Financial Statements (Unaudited)
CONDENSED CONSOLIDATED BALANCE SHEETS
| (In millions, except per share data) | September 27, 2025 | December 31, 2024 |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $399.8 | $329.2 |
| Trade accounts and notes receivable, net of allowance for credit losses of $3.1 and $3.1 | 493.2 | 495.3 |
| Inventories, net | 646.8 | 638.1 |
| Deferred tax charges and refundable income taxes | 45.8 | 39.6 |
| Assets held-for-sale | 4.1 | 5.5 |
| Other current assets | 107.2 | 108.6 |
| Total current assets | 1,696.9 | 1,616.3 |
| Property, plant and equipment, net of accumulated depreciation of $1,197.6 and $1,057.4 | 1,654.5 | 1,622.9 |
| Right-of-use assets - Operating lease | 55.5 | 62.5 |
| Right-of-use assets - Finance lease | 19.0 | 20.9 |
| Goodwill | 3,945.2 | 3,943.6 |
| Intangible assets, net of accumulated amortization of $1,139.1 and $999.6 | 953.3 | 1,091.7 |
| Deferred tax assets and other noncurrent tax assets | 53.1 | 12.5 |
| Other noncurrent assets | 24.3 | 24.2 |
| Total assets | $8,401.8 | $8,394.6 |
| LIABILITIES AND EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $146.5 | $193.3 |
| Accrued payroll and related benefits | 94.2 | 114.7 |
| Accrued interest payable | 70.2 | 24.3 |
| Liabilities held-for-sale | 1.0 | 1.2 |
| Other accrued liabilities | 119.8 | 111.2 |
| Income taxes payable | 61.0 | 80.5 |
| Total current liabilities | 492.7 | 525.2 |
| Long-term debt, net of unamortized discount and debt issuance costs of $52.2 and $63.9 | 3,842.8 | 3,981.1 |
| Pension benefit obligations and other liabilities | 69.0 | 54.5 |
| Deferred tax liabilities and other noncurrent tax liabilities | 41.2 | 70.2 |
| Long term lease liability - Operating lease | 47.9 | 53.7 |
| Long term lease liability - Finance lease | 17.4 | 18.4 |
| Equity: | ||
| Preferred stock, par value $0.01; 5.0 shares authorized; none issued and outstanding as of September 27, 2025 and December 31, 2024 | — | — |
| Common stock, par value $0.01; 400.0 shares authorized; issued and outstanding shares as of September 27, 2025: 151.8 and 151.6, respectively; issued and outstanding shares as of December 31, 2024: 151.3 and 151.1, respectively | 1.5 | 1.5 |
| Treasury stock, at cost: 0.2 shares held as of September 27, 2025 and December 31, 2024 | (7.1) | (7.1) |
| Additional paid-in capital | 2,439.7 | 2,385.3 |
| Retained earnings | 1,524.4 | 1,383.9 |
| Accumulated other comprehensive loss | (67.7) | (72.1) |
| Total equity | 3,890.8 | 3,691.5 |
| Total liabilities and equity | $8,401.8 | $8,394.6 |
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
| Three months ended | Nine months ended | |||
|---|---|---|---|---|
| (In millions, except per share data) | September 27, 2025 | September 28, 2024 | September 27, 2025 | September 28, 2024 |
| Net sales | $807.1 | $807.7 | $2,372.7 | $2,391.4 |
| Cost of sales | 455.8 | 435.9 | 1,313.4 | 1,292.0 |
| Gross profit | 351.3 | 371.8 | 1,059.3 | 1,099.4 |
| Selling, general and administrative expenses | 101.8 | 108.5 | 320.2 | 337.0 |
| Engineering, research and development expenses | 80.9 | 80.9 | 250.0 | 234.6 |
| Amortization of intangible assets | 46.0 | 46.2 | 138.1 | 143.9 |
| Operating income | 122.6 | 136.2 | 351.0 | 383.9 |
| Interest expense | 47.9 | 51.6 | 151.3 | 162.7 |
| Interest income | (1.8) | (1.2) | (5.1) | (5.4) |
| Other expense (income), net | 4.2 | (0.2) | 5.3 | 17.1 |
| Income before income tax expense | 72.3 | 86.0 | 199.5 | 209.5 |
| Income tax expense | 1.5 | 8.2 | 12.5 | 18.3 |
| Equity in net loss of affiliates | 0.3 | 0.3 | 0.8 | 0.7 |
| Net income | $70.5 | $77.5 | $186.2 | $190.5 |
| Basic earnings per common share | $0.46 | $0.51 | $1.23 | $1.26 |
| Diluted earnings per common share | $0.46 | $0.51 | $1.22 | $1.25 |
| Weighted average shares outstanding: | ||||
| Basic | 151.8 | 151.2 | 151.6 | 150.8 |
| Diluted | 152.3 | 151.9 | 152.1 | 151.8 |
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
| Three months ended | Nine months ended | |||
|---|---|---|---|---|
| (In millions) | September 27, 2025 | September 28, 2024 | September 27, 2025 | September 28, 2024 |
| Net income | $70.5 | $77.5 | $186.2 | $190.5 |
| Other comprehensive (loss) income, net of tax: | ||||
| Foreign currency translation adjustments | (3.5) | 12.1 | 9.1 | (2.7) |
| Defined benefit pension adjustments | — | — | (0.1) | (0.4) |
| Interest rate swap - cash flow hedge, change in fair value - loss, net of tax benefit of $0.3 and $1.3 for the three and nine months ended September 27, 2025, respectively, and $2.9 and $4.0 for the three and nine months ended September 28, 2024, respectively | (1.1) | (9.9) | (4.6) | (13.6) |
| Other comprehensive (loss) income, net of tax | (4.6) | 2.2 | 4.4 | (16.7) |
| Comprehensive income | $65.9 | $79.7 | $190.6 | $173.8 |
CONDENSED CONSOLIDATED STATEMENTS OF EQUITY
| (In millions, except per share data) · Commonsharesissued · Treasury shares · Commonsharesoutstanding · Commonstock · Treasury stock · Additionalpaid-incapital · Retained earnings · Foreign currency translation adjustments · Defined benefit pension adjustments · Interest rate swap - cash flow hedge · Total | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance at December 31, 2023 | 150.6 | (0.2) | 150.4 | $1.5 | $(7.1) | $2,305.4 | $1,151.7 | $(61.8) | $0.3 | $18.6 | $3,408.6 | ||||
| Shares issued under stock plans | 0.4 | — | 0.4 | — | — | (5.5) | — | — | — | — | (5.5) | ||||
| Share-based compensation expense | — | — | — | — | — | 7.9 | — | — | — | — | 7.9 | ||||
| Dividends declared ($0.10 per share) | — | — | — | — | — | — | (15.0) | — | — | — | (15.0) | ||||
| Interest rate swap - cash flow hedge | — | — | — | — | — | — | — | — | — | (1.0) | (1.0) | ||||
| Pension liability adjustment | — | — | — | — | — | — | — | — | (0.4) | — | (0.4) | ||||
| Foreign currency translation | — | — | — | — | — | — | — | (9.7) | — | — | (9.7) | ||||
| Net income | — | — | — | — | — | — | 45.3 | — | — | — | 45.3 | ||||
| Balance at March 30, 2024 | 151.0 | (0.2) | 150.8 | $1.5 | $(7.1) | $2,307.8 | $1,182.0 | $(71.5) | $(0.1) | $17.6 | $3,430.2 | ||||
| Shares issued under stock plans | 0.1 | — | 0.1 | — | — | 0.6 | — | — | — | — | 0.6 | ||||
| Share-based compensation expense | — | — | — | — | — | 26.9 | — | — | — | — | 26.9 | ||||
| Dividends declared ($0.10 per share) | — | — | — | — | — | — | (15.2) | — | — | — | (15.2) | ||||
| Interest rate swap - cash flow hedge | — | — | — | — | — | — | — | — | — | (2.7) | (2.7) | ||||
| Foreign currency translation | — | — | — | — | — | — | — | (5.1) | — | — | (5.1) | ||||
| Net income | — | — | — | — | — | — | 67.7 | — | — | — | 67.7 | ||||
| Balance at June 29, 2024 | 151.1 | (0.2) | 150.9 | $1.5 | $(7.1) | $2,335.3 | $1,234.5 | $(76.6) | $(0.1) | $14.9 | $3,502.4 | ||||
| Shares issued under stock plans | 0.2 | — | 0.2 | — | — | 10.1 | — | — | — | — | 10.1 | ||||
| Share-based compensation expense | — | — | — | — | — | 15.5 | — | — | — | 15.5 | |||||
| Dividends declared ($0.10 per share) | — | — | — | — | — | — | (15.2) | — | — | — | (15.2) | ||||
| Interest rate swap - cash flow hedge | — | — | — | — | — | — | — | — | — | (9.9) | (9.9) | ||||
| Foreign currency translation | — | — | — | — | — | — | — | 12.1 | — | — | 12.1 | ||||
| Net income | — | — | — | — | — | — | 77.5 | — | — | — | 77.5 | ||||
| Balance at September 28, 2024 | 151.3 | (0.2) | 151.1 | $1.5 | $(7.1) | $2,360.9 | $1,296.8 | $(64.5) | $(0.1) | $5.0 | $3,592.5 | ||||
| (In millions, except per share data) | Commonsharesissued | Treasury shares | Commonsharesoutstanding | Commonstock | Treasury stock | Additionalpaid-incapital | Retained earnings | Foreign currency translation adjustments | Defined benefit pension adjustments | Interest rate swap - cash flow hedge | Total |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance at December 31, 2024 | 151.3 | (0.2) | 151.1 | $1.5 | $(7.1) | $2,385.3 | $1,383.9 | $(77.6) | $— | $5.5 | $3,691.5 |
| Shares issued under stock plans | 0.2 | — | 0.2 | — | — | (6.6) | — | — | — | — | (6.6) |
| Share-based compensation expense | — | — | — | — | — | 13.4 | — | — | — | — | 13.4 |
| Dividends declared ($0.10 per share) | — | — | — | — | — | — | (15.2) | — | — | — | (15.2) |
| Interest rate swap - cash flow hedge | — | — | — | — | — | — | — | — | — | (1.9) | (1.9) |
| Pension liability adjustment | — | — | — | — | — | — | — | — | (0.1) | — | (0.1) |
| Foreign currency translation | — | — | — | — | — | — | — | 5.4 | — | — | 5.4 |
| Net income | — | — | — | — | — | — | 62.9 | — | — | — | 62.9 |
| Balance at March 29, 2025 | 151.5 | (0.2) | 151.3 | $1.5 | $(7.1) | $2,392.1 | $1,431.6 | $(72.2) | $(0.1) | $3.6 | $3,749.4 |
| Shares issued under stock plans | 0.1 | — | 0.1 | — | — | (2.0) | — | — | — | — | (2.0) |
| Share-based compensation expense | — | — | — | — | — | 18.6 | — | — | — | — | 18.6 |
| Dividends declared ($0.10 per share) | — | — | — | — | — | — | (15.3) | — | — | — | (15.3) |
| Interest rate swap - cash flow hedge | — | — | — | — | — | — | — | — | — | (1.6) | (1.6) |
| Foreign currency translation | — | — | — | — | — | — | — | 7.2 | — | — | 7.2 |
| Net income | — | — | — | — | — | — | 52.8 | — | — | — | 52.8 |
| Balance at June 28, 2025 | 151.6 | (0.2) | 151.4 | $1.5 | $(7.1) | $2,408.7 | $1,469.1 | $(65.0) | $(0.1) | $2.0 | $3,809.1 |
| Shares issued under stock plans | 0.2 | — | 0.2 | — | — | 12.6 | — | — | — | — | 12.6 |
| Share-based compensation expense | — | — | — | — | — | 18.4 | — | — | — | — | 18.4 |
| Dividends declared ($0.10 per share) | — | — | — | — | — | — | (15.2) | — | — | — | (15.2) |
| Interest rate swap - cash flow hedge | — | — | — | — | — | — | — | — | — | (1.1) | (1.1) |
| Pension liability adjustment | — | — | — | — | — | — | — | — | — | — | — |
| Foreign currency translation | — | — | — | — | — | — | — | (3.5) | — | — | (3.5) |
| Net income | — | — | — | — | — | — | 70.5 | — | — | — | $70.5 |
| Balance at September 27, 2025 | 151.8 | (0.2) | 151.6 | $1.5 | $(7.1) | $2,439.7 | $1,524.4 | $(68.5) | $(0.1) | $0.9 | $3,890.8 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.