Entegris Inc. Files 2024 10-K
Ticker: ENTG · Form: 10-K · Filed: Feb 12, 2025 · CIK: 1101302
Sentiment: neutral
Topics: 10-K, annual-report, financials
TL;DR
Entegris 2024 10-K is in. Financials look solid, check retained earnings and common stock.
AI Summary
Entegris Inc. filed its 2024 10-K on February 12, 2025, reporting its financial performance for the fiscal year ending December 31, 2024. The filing details the company's assets, liabilities, and equity, including significant figures for retained earnings and common stock. Entegris Inc. operates in the plastics products sector and is incorporated in Delaware.
Why It Matters
This 10-K filing provides investors and stakeholders with a comprehensive overview of Entegris Inc.'s financial health and operational performance for the fiscal year 2024, crucial for investment decisions.
Risk Assessment
Risk Level: medium — The filing is a standard annual report and does not inherently indicate elevated risk without further analysis of its contents.
Key Numbers
- 151,126,743 — Total Assets (Reported for the fiscal year ending 2024-12-31)
- 18.3 — Operating Lease Right of Use Asset (Value related to operating leases as of 2025-01-01)
Key Players & Entities
- Entegris Inc. (company) — Filer of the 10-K
- 0001101302-25-000015 (other) — Accession Number for the filing
- 20241231 (date) — Fiscal year end date
- 20250212 (date) — Filing date
- DE (other) — State of Incorporation
- 9784366500 (other) — Business Phone Number
FAQ
What were Entegris Inc.'s retained earnings for the fiscal years 2022, 2023, and 2024?
The filing indicates retained earnings for 2024-12-31, 2023-12-31, and 2022-12-31, with specific values to be found within the detailed financial statements.
What is the reported value for Entegris Inc.'s common stock as of December 31, 2021?
The filing references 'us-gaap:CommonStockMember' for the date 2021-12-31, indicating a reported value for common stock on that date.
What is the total number of shares outstanding for Entegris Inc. as of the filing date?
The filing includes 'xbrli:shares' with a value of '151,126,743', which likely represents shares outstanding or a related share count as of a specific reporting period.
What are the current and non-current liabilities related to leases for Entegris Inc. as of January 1, 2025?
The filing references 'http://fasb.org/us-gaap/2024#OperatingLeaseLiabilityNoncurrent' and 'http://fasb.org/us-gaap/2024#FinanceLeaseLiability' for 1/1/2025, indicating these liabilities are reported.
When was Entegris Inc. incorporated and in which state?
Entegris Inc. was incorporated in Delaware (DE).
Filing Stats: 4,293 words · 17 min read · ~14 pages · Grade level 15.1 · Accepted 2025-02-12 16:20:44
Key Financial Figures
- $0.01 — ange on which Registered Common Stock, $0.01 Par Value ENTG The Nasdaq Global Select
- $1 — iconductor sales reaching approximately $1 trillion by 2030, creating significant
- $133.00 — ding common shares of CMC Materials for $133.00 in cash and 0.4506 shares of our common
- $6.0 billion — ve of debt retired and cash assumed) of $6.0 billion (based on our closing price on June 30,
- $3.8 billion — sing price on June 30, 2022), including $3.8 billion in cash paid to CMC Materials' sharehol
- $0.9 billion — nce share units equity awards assumed), $0.9 billion of debt retired and approximately $0.3
- $0.3 billion — llion of debt retired and approximately $0.3 billion of acquired cash. We financed the cash
- $134.3 million — ffiliate of Quad-C Management, Inc. for $134.3 million. On June 5, 2023, the Company termina
- $191.2 million — received net proceeds of approximately $191.2 million. On October 2, 2023, the Company comp
- $675.3 million — gs America Corporation ("Fujifilm") for $675.3 million. The EC business, which was a separate
- $263.2 m — Company received gross cash proceeds of $263.2 million, or net proceeds of $256.2 millio
- $256.2 m — s of $263.2 million, or net proceeds of $256.2 million, and up to $25.0 million in cash
- $25.0 million — t proceeds of $256.2 million, and up to $25.0 million in cash earn-out payments contingent up
- $77.0 million — efinitive agreement providing for up to $77.0 million in funding under the CHIPS and Science
Filing Documents
- entg-20241231.htm (10-K) — 2460KB
- exhibit1033deferredcompens.htm (EX-10.33) — 114KB
- exhibit1034formofentegrisi.htm (EX-10.34) — 85KB
- exhibit1035formofentegrisi.htm (EX-10.35) — 93KB
- exhibit1036formofentegrisi.htm (EX-10.36) — 67KB
- exhibit1037formofentegrisi.htm (EX-10.37) — 65KB
- exhibit191insidertradingpo.htm (EX-19.1) — 62KB
- entg-12312024xex211.htm (EX-21.1) — 23KB
- entg-12312024xex231.htm (EX-23.1) — 2KB
- entg-12312024xex241.htm (EX-24.1) — 12KB
- entg-12312024xex311.htm (EX-31.1) — 9KB
- entg-12312024xex312.htm (EX-31.2) — 9KB
- entg-12312024xex321.htm (EX-32.1) — 5KB
- entg-12312024xex322.htm (EX-32.2) — 5KB
- entg-20241231_g1.jpg (GRAPHIC) — 42KB
- entg-20241231_g2.jpg (GRAPHIC) — 145KB
- image_0a.jpg (GRAPHIC) — 13KB
- 0001101302-25-000015.txt ( ) — 13990KB
- entg-20241231.xsd (EX-101.SCH) — 67KB
- entg-20241231_cal.xml (EX-101.CAL) — 110KB
- entg-20241231_def.xml (EX-101.DEF) — 426KB
- entg-20241231_lab.xml (EX-101.LAB) — 1003KB
- entg-20241231_pre.xml (EX-101.PRE) — 735KB
- entg-20241231_htm.xml (XML) — 2130KB
Risk Factors
Item 1A. Risk Factors 15
Unresolved Staff Comments
Item 1B. Unresolved Staff Comments 29
Cybersecurity
Item 1C. Cybersecurity 29
Properties
Item 2. Properties 32
Legal Proceedings
Item 3. Legal Proceedings 32
Mine Safety Disclosures
Item 4. Mine Safety Disclosures 32 PART II
Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 33
Reserved
Item 6. Reserved 34
Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations 35
Quantitative and Qualitative Disclosures About Market Risk
Item 7A. Quantitative and Qualitative Disclosures About Market Risk 49
Financial Statements and Supplementary Data
Item 8. Financial Statements and Supplementary Data 49
Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 49
Controls and Procedures
Item 9A. Controls and Procedures 49
Other Information
Item 9B. Other Information 50
Disclosure Regarding Foreign Jurisdictions that Prevent Inspections
Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 50 PART III
Directors, Executive Officers and Corporate Governance
Item 10. Directors, Executive Officers and Corporate Governance 50
Executive Compensation
Item 11. Executive Compensation 52
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters
Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 52
Certain Relationships and Related Transactions, and Director Independence
Item 13. Certain Relationships and Related Transactions, and Director Independence 53
Principal Accountant Fees and Services
Item 14. Principal Accountant Fees and Services 53 PART IV
Exhibit s and Financial Statement Schedules
Item 15. Exhibit s and Financial Statement Schedules 54
Form 10-K Summary
Item 16. Form 10-K Summary 58
Signatures
Signatures 59 Index to Financial Statements F- 1 Table of Contents PART I
Business
Item 1. Business. OUR COMPANY Entegris, Inc. ("Entegris", "the Company", "us", "we", or "our") is a leading supplier of critical advanced materials and process solutions for the semiconductor and other high-technology industries. We leverage our unique breadth of capabilities to help our customers improve their productivity, product performance and technology in the most advanced manufacturing environments. Semiconductors, or integrated circuits, are key components in electronic devices that continue to change the way we live, communicate and work. Products and emerging applications such as artificial intelligence, high-performance and cloud computing, smartphones, wearable technology, self-driving vehicles, the Internet of Things, gaming and virtual reality, and smart healthcare will require faster, more powerful, more compact and more energy efficient semiconductors. We believe these trends, combined with existing applications, will drive long-term secular growth for semiconductors, with semiconductor sales reaching approximately $1 trillion by 2030, creating significant opportunities for our products. To meet the demanding requirements of advanced products and applications, semiconductors have rapidly become increasingly complex, moving to smaller geometries and adopting new device architectures. These advancements are enabled by new and innovative materials and ensuring the purity of the materials and the cleanliness of wafers throughout the manufacturing process. We believe Entegris offers the industry's most comprehensive electronic materials portfolio, with core capabilities in materials science and materials purity, and complementary solutions that enable faster time to yield. We believe these capabilities are critical enablers of our customers' technology roadmaps. We expect these trends to translate into a higher served addressable market for our products and to expand Entegris' content per semiconductor wafer, which we believe will allow us to achie