secwatch.observer — SEC 8-K summary
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Issuer:     ENTEGRIS INC (ENTG)
CIK:        0001101302
Form:       8-K
Filed at:   2024-03-04T23:59:59+00:00
Accession:  0001140361-24-010926
Event type: m_and_a
Sentiment:  positive
Materiality: 0.70
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1101302/000114036124010926/0001140361-24-010926-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1101302/000114036124010926/ef20022925_8k.htm
  HTML page:      https://secwatch.observer/filing/0001140361-24-010926

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer