Entegris Inc. Reports Operating Results (10-K)

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Feb 24, 2011
Entegris Inc. (ENTG, Financial) filed Annual Report for the period ended 2010-12-31.

Entegris Inc. has a market cap of $1.16 billion; its shares were traded at around $8.76 with a P/E ratio of 12.3 and P/S ratio of 1.7. Hedge Fund Gurus that owns ENTG: Joel Greenblatt of Gotham Capital, George Soros of Soros Fund Management LLC, Jim Simons of Renaissance Technologies LLC, Steven Cohen of SAC Capital Advisors. Mutual Fund and Other Gurus that owns ENTG: Columbia Wanger of Columbia Wanger Asset Management, Robert Olstein of Olstein Financial Alert Fund, Arnold Schneider of Schneider Capital Management, NWQ Managers of NWQ Investment Management Co, PRIMECAP Management, Mario Gabelli of GAMCO Investors, Chuck Royce of Royce& Associates.

Highlight of Business Operations:

We offer a diverse product portfolio that includes more than 17,000 standard and customized products that we believe provide the most comprehensive offering of products and services to maintain the purity and integrity of critical materials used by the semiconductor and other high-technology industries. Our products include both unit driven and capital expense driven products. Unit-driven and consumable products are consumed or exhausted during the manufacturing process and rely on the level of semiconductor and other manufacturing activity to drive growth. Capital expense driven products rely on the expansion of manufacturing capacity to drive growth. Our unit-driven and consumable product class includes membrane-based liquid filters and housings, metal-based gas filters, resin-based gas purifiers, wafer shippers, disk-shipping containers and test assembly and packaging products and consumable graphite and silicon carbide components used in plasma etch, ion implant and chemical vapor deposition (CVD) processes in semiconductor manufacturing. Our capital expense-driven products include our components, systems and subsystems that use electro-mechanical, pressure differential and related technologies, to permit semiconductor and other electronics manufacturers to monitor and control the flow and condition of process liquids used in these manufacturing processes, and our process carriers that protect the integrity of in-process wafers. Unit-driven and consumable products, including service revenue, accounted for approximately 63%, 70% and 65% of our net sales for fiscal years 2010, 2009 and 2008, respectively, and capital expense-driven products accounted for approximately 37%, 30%, and 35% of our net sales for the fiscal years 2010, 2009 and 2008, respectively.

In 2010, 2009 and 2008, net sales to our top ten customers accounted for approximately 28%, 29% and 26%, respectively, of our net sales. During those same periods no single customer accounted for more than 10% of our net sales and international net sales represented approximately 71% of our net sales each year. Over 3,200 customers purchased products from us during 2010.

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