Entegris, Inc. (ENTG) SEC Filings & Earnings Calls

Tariff and Trade Policy Risk

“The imposition of tariffs and other trade measures (i) has increased, and may continue to increase, our sourcing and manufacturing costs, (ii) has required, and may continue to require, us to adjust our supply chain and find alternative suppliers, and (iii) may result in manufacturing and delivery delays.” · word for word

Middle East Conflict Supply Chain Risk

“The military conflict in the Middle East between the U.S., Israel, Iran and other countries has caused uncertainty and volatility in the global markets, including, but not limited to, disruptions to shipping routes, oil and natural gas shortages, energy price fluctuations and availability of certain raw materials used in the production of our products.” · word for word

Leadership transition risk is low as retirement is not due to disagreement and successor is internal.

“Mr. Loy's decision to retire and resign from the Board is not the result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.” · word for word

Key executive departure in Materials Solutions segment; transition risk mitigated by internal successor.

“Retirement of SVP & President, Materials Solutions; successor is current SVP, Chief Strategy and Innovation Officer.”

CFO transition from interim to permanent; no disagreement cited.

“Michael Sauer ceases as Interim CFO, remains VP, Chief Accounting Officer; no disagreement.”

Geopolitical tensions and semiconductor market cyclicality remain risks, but AI-driven demand provides momentum.

“Despite geopolitical tensions, the semiconductor market continues to improve, driven by accelerating AI-related demand.” · word for word

Tariff Input Cost Pressure

“The imposition of tariffs and other trade measures (i) has increased, and may continue to increase, our sourcing and manufacturing costs, (ii) has required, and may continue to require, us to adjust our supply chain and find alternative suppliers, and (iii) may result in manufacturing and delivery delays.” · word for word

Export Control Pressure

“Foreign governments may apply rules of origin or other trade measures that treat products we manufacture outside the United States as U.S.-origin goods, potentially subjecting those products to retaliatory tariffs or other restrictions that increase costs for our customers and reduce demand for our products in those markets.” · word for word

Geopolitical Conflict Risk

“The military conflict in the Middle East between the U.S., Israel, Iran and other countries has caused uncertainty and volatility in the global markets, including, but not limited to, disruptions to shipping routes, oil and natural gas shortages, energy price fluctuations and availability of certain raw materials used in the production of our products.” · word for word

Leverage covenant of 5.20x first lien net leverage, tested only upon utilization; provides flexibility.

“Maximum first lien net leverage ratio of 5.20 to 1.00, tested only in certain circumstances based on utilization.”

Industry Headwinds / Slower Growth

“While 2025 presented a year of slower growth for Entegris amid industry headwinds” · word for word

Tariff Impact

“the company warned of a potential $30-$50 million revenue impact in 2025 due to new tariffs” · word for word

Key Executive Departure

“On January 19, 2026, the Company and Ms. LaGorga entered into a Separation Agreement.” · word for word

Semiconductor demand cyclicality

“Net sales decreased by $44.6 million, or 1%, from 2024, primarily due to decreased semiconductor market demand.”

Tariff and trade policy risk

“The recent tariffs and other similar trade policies may increase our sourcing and manufacturing costs, force us to find alternative suppliers, or result in manufacturing and delivery delays.” · word for word

Export control risk on China revenue

“our business could still be impacted by sudden changes in trade policy in the near term, particularly, for example, our products manufactured in the United States and sold to customers located in China.” · word for word

High leverage and debt service

“Total debt $3,697.6 million; interest expense $199.8 million in 2025.”

GAAP net income declined significantly due to higher amortization and restructuring costs.

“GAAP diluted EPS of $0.32, down from $0.67 in Q4 2024”

Gross margin compression YoY due to mix or cost pressures

“GAAP gross margin 43.5% vs 46.0% in prior year quarter”

Tariff and trade policy risk

“The recent tariffs and other similar trade policies (i) have increased, and may continue to increase, our sourcing and manufacturing costs, (ii) have forced, and may continue to force, us to find alternative suppliers, and (iii) may result in manufacturing and delivery delays.” · word for word

Semiconductor demand cyclicality

“the decrease in net sales was primarily attributable to a reduction of $3.3 million of sales primarily due to decreased semiconductor market demand” · word for word

Gross margin pressure from plant performance

“Gross margin decreased primarily due to lower plant performance.” · word for word