Entegris sells PIM business for up to $285M; Q1 guidance updated

ENTEGRIS INC

Completed sale of Pipeline & Industrial Materials to SCF for up to $285M ($260M cash at close plus $25M earnout).
Proceeds from sale will be used for further debt paydown.
Updated Q1 2024 guidance: sales $755-775M, GAAP EPS $0.33-$0.38, non-GAAP EPS $0.59-$0.64.
Adjusted EBITDA expected at approximately 27-28% of sales for Q1.

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