Report
David Silver
EUR 101.80 For Business Accounts Only

Entegris: Record Quarterly Results Aided by Microelectronics Growth and New Products. We Raise FVE.

We plan to raise our fair value estimate to roughly $27 from $24 for narrow-moat electronic materials supplier Entegris following record third-quarter results and upwardly revised management guidance, including stronger revenue and operating income and healthy free cash flow. Our new fair value estimate reflects stronger forecast revenue and margins.
Third-quarter results set records for revenue, adjusted operating income, and adjusted EPS. Revenue grew 16% year over year, reflecting mainly robu...
Underlying
Entegris Inc.

Entegris is a developer, manufacturer and supplier of microcontamination control products, chemicals and materials handling solutions for manufacturing processes in the semiconductor and other industries. The company has three segments: Specialty Chemicals and Engineered Materials, which provides process chemistries, gases, and materials; Microcontamination Control, which provides solutions to filter and purify liquid chemistries and gases used in semiconductor manufacturing processes and other industries; and Advanced Materials Handling segment, which develops solutions to monitor, protect, transport, and deliver liquid chemistries, wafers and substrates.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
David Silver

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