8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

________________________________________

FORM 8-K

________________________________________ 

CURRENT REPORT

PURSUANT TO SECTIONS 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported) July 27, 2017

 _______________________________________

Entegris, Inc.

(Exact name of registrant as specified in its charter)

 _______________________________________

Delaware

(State or Other Jurisdiction of Incorporation or Organization)

001-32598	41-1941551
(Commission File Number)	(I.R.S. Employer Identification No.)

129 Concord Road, Billerica, MA	01821
(Address of principal executive offices)	(Zip Code)

(978) 436-6500

(Registrant’s telephone number, including area code)

N/A

(Former Name or Former Address, if Changed Since Last Report)

_______________________________________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02.Results of Operations and Financial Condition.

On July 27, 2017, the registrant issued a press release to announce results for the second quarter of 2017, ended July 1, 2017, and will hold a conference call to discuss such results. A copy of this press release and the supplemental slides to which management will refer during the conference call are attached hereto as Exhibit 99.1 and Exhibit 99.2, respectively, and are incorporated herein by reference.

In accordance with General Instructions B.2 of Form 8-K, the information in this Item 2.02 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing. The information set forth herein will not be deemed an admission as to the materiality of any information required to be disclosed solely to satisfy the requirements of Regulation FD.

Item 9.01.Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.	Description
99.1	Press Release, dated July 27, 2017
99.2	Second Quarter 2017 Earnings Release Presentation Slides, dated July 27, 2017

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

ENTEGRIS, INC.

Dated: July 27, 2017            

By: /s/ Gregory B. Graves

Name: Gregory B. Graves

Title: Executive Vice President and Chief Financial Officer

EXHIBIT INDEX

Exhibit No.	Description
99.1	Press Release, dated July 27, 2017
99.2	Second Quarter 2017 Earnings Release Presentation Slides, dated July 27, 2017

EX-99.1

PRESS RELEASE Steven Cantor VP of Corporate Relations T + 978 436 6500 irelations@entegris.com

Exhibit 99.1

FOR RELEASE AT 6:00 AM EST

ENTEGRIS REPORTS STRONG SECOND-QUARTER RESULTS

• Record second-quarter revenue of $329.0 million

• GAAP net income of $40.0 million, or $0.28 per diluted share

• Non-GAAP net income of $48.9 million, or $0.34 per diluted share

• First-half 2017 revenue of $646.4 million grew 13.4 percent

• First-half 2017 adjusted EBITDA reached $164.1 million, or 25.4 percent of revenue

BILLERICA, Mass., July 27, 2017 - Entegris, Inc. (NasdaqGS: ENTG), a leading specialty materials provider, today reported its financial results for the Company’s second quarter ended July 1, 2017.

Second-quarter sales were $329.0 million, an increase of 8.6% from the same quarter last year and a 3.7% increase sequentially. Second-quarter net income was $40.0 million, or $0.28 per diluted share, which included amortization of intangible assets of $11.0 million, as well as an asset impairment charge and severance expense of $3.6 million. Non-GAAP net income was $48.9 million, or $0.34 per diluted share.

For the first half of fiscal 2017, sales of $646.4 million increased 13.4% from the same period a year ago. First-half 2017 net income was $72.5 million, or $0.51 per share, which included amortization of intangible assets of $22.0 million, as well as an asset impairment charge and severance expense of $3.6 million. Non-GAAP net income for the first half of 2017 was $89.7 million, or $0.63 per diluted share.

Bertrand Loy, president and chief executive officer, said: “I am very pleased with Entegris’ performance thus far this year which puts us on a solid path to grow well in excess of our markets in 2017. Our growth in the second-quarter was driven by positive industry trends and reflected strong performance across our portfolio of solutions, as well as successful product introductions to support the ongoing ramp of advanced semiconductor manufacturing technologies such as 3D NAND. Our first-half sales grew 13% from the prior year, driven by strong growth in Asia, particularly in Korea."

Mr. Loy added: "The quality of our execution and financial performance in the second quarter demonstrates the strength of our business model and our operating leverage, as we generated strong cash flow from operations and achieved an adjusted EBITDA of $88.2 million, or 26.8% of sales."

- more -

_________________________________________________________________________
ENTEGRIS, INC.	129 Concord Road, Building 2	T+ 1 978 436 6500
entegris.com	Billerica, MA 01821 USA	F+ 1 978 436 6745

Quarterly Financial Results Summary

(in thousands, except per share data)

GAAP Results	Q2-2017		Q2-2016		Q1-2017
Net sales	$329,002		$303,052		$317,377
Operating income	$59,090		$46,400		$50,920
Operating margin	18.0	%	15.3	%	16.0	%
Net income	$39,991		$32,890		$32,514
Diluted earnings per share (EPS)	$0.28		$0.23		$0.23
Non-GAAP Results
Non-GAAP adjusted operating income	$73,826		$57,462		$61,865
Adjusted operating margin	22.4	%	19.0	%	19.5	%
Non-GAAP net income	$48,906		$40,290		$40,754
Non-GAAP EPS	$0.34		$0.28		$0.28

Third-Quarter Outlook

For the third quarter ending September 30, 2017, the Company expects sales of $325 million to $340 million, net income of $36 million to $43 million, and net income per diluted share between $0.25 and $0.30. On a non-GAAP basis, EPS is expected to range from $0.30 to $0.35 per diluted share, which reflects net income on a non-GAAP basis in the range of $43 million to $50 million, which is adjusted for expected amortization expense of approximately $11 million or $0.05 per share.

Segment Results

As of December 31, 2016, the Company changed its financial segment reporting to the following segments:

Specialty Chemicals and Engineered Materials (SCEM): SCEM provides high-performance and high-purity process chemistries, gases, and materials and safe and efficient delivery systems to support semiconductor and other advanced manufacturing processes.

Microcontamination Control (MC): MC solutions purify critical liquid chemistries and gases used in semiconductor manufacturing processes and other high-technology industries.

Advanced Materials Handling (AMH): AMH develops solutions to monitor, protect, transport, and deliver critical liquid chemistries and substrates for a broad set of applications in the semiconductor industry and other high-technology industries.

Second-Quarter Results Conference Call Details

Entegris will hold a conference call to discuss its results for the second quarter on Thursday, July 27, 2017, at 9:00 a.m. Eastern Time. Participants should dial 1-877-852-6583 or 1-719-325-2495, referencing confirmation code 1492733. Participants are asked to dial in 5 to 10 minutes prior to the start of the call. To access a telephonic replay of the call, please [Click Here]. The replay will be available starting at 12:00 p.m. ET on Thursday, July 27 until Saturday, September 9. A live and on-demand webcast of the call can also be accessed from the investor relations section of Entegris’ website at www.entegris.com.

Management’s slide presentation concerning the results for the second quarter, which may be referred to during the call, will be posted on the investor relations section of www.entegris.com Thursday morning before the call.

Entegris, Inc. | page 2 of 13

ABOUT ENTEGRIS

Entegris is a leading specialty materials provider for the microelectronics industry and other high-tech industries. Entegris is ISO 9001 certified and has manufacturing, customer service and/or research facilities in the United States, China, France, Germany, Israel, Japan, Malaysia, Singapore, South Korea and Taiwan. Additional information can be found at www.entegris.com.

Non-GAAP Information

The Company’s condensed consolidated financial statements are prepared in conformity with accounting principles generally accepted in the United States (GAAP). Adjusted EBITDA, Adjusted Gross Profit, Adjusted Segment Profit, and Adjusted Operating Income together with related measures thereof, and non-GAAP EPS, are considered “Non-GAAP financial measures” under the rules and regulations of the Securities and Exchange Commission. The presentation of this financial information is not intended to be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP. The Company uses these non-GAAP financial measures for financial and operational decision-making, as a means to evaluate period-to-period comparisons, as well as comparisons to our competitors' operating results. Management believes that these non-GAAP financial measures provide meaningful supplemental information regarding our performance and liquidity by excluding certain items that may not be indicative of our recurring business operating results, such as amortization, depreciation and discrete cash charges that are infrequent in nature. We believe that both management and investors benefit from referring to these non-GAAP financial measures in assessing and understanding our results and performance and when planning, forecasting, and analyzing future periods. We believe these non-GAAP financial measures are useful to investors both because (1) they allow for greater transparency with respect to key metrics used by management in its financial and operational decision-making and (2) they are used by our institutional investors and the analyst community to help them analyze our business. The reconciliations of GAAP Net Income to Adjusted Operating Income and Adjusted EBITDA, GAAP Gross Profit to Adjusted Gross Profit, GAAP Segment Profit to Adjusted Operating Income, and GAAP to Non-GAAP Earnings per Share are included elsewhere in this release.

Forward-Looking Statements

Certain information contained in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words “believe,” “expect,” “anticipate,” “intends,” “estimate,” “forecast,” “project,” “should,” “may,” “will,” “would” or the negative thereof and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include those about future period guidance; future sales, net income, net income per diluted share, non-GAAP EPS, non-GAAP net income, expenses and other financial metrics; our performance relative to our markets; market and technology trends; the development of new products and the success of their introductions; the Company's capital allocation strategy; our ability to execute on our strategies; and other matters. These forward-looking statements are based on current management expectations and assumptions only as of the date of this press release, are not guarantees of future performance and involve substantial risks and uncertainties that are difficult to predict and that could cause actual results to differ materially from the results expressed in, or implied by, these forward-looking statements. These risks and uncertainties include, but are not limited to, weakening of global and/or regional economic conditions, generally or specifically in the semiconductor industry, which could decrease the demand for our products and solutions; our ability to meet rapid demand shifts; our ability to continue technological innovation and introduce new products to meet our customers' rapidly changing requirements; our concentrated customer base; our ability to identify, effect and integrate acquisitions, joint ventures or other transactions; our ability to protect and enforce intellectual property rights; operational, political and legal risks of our international operations; our dependence on sole source and limited source suppliers; the increasing complexity of certain manufacturing processes; raw material shortages and price increases; changes in government regulations of the countries in which we operate; fluctuation of currency exchange rates; fluctuations in the market price of Entegris’ stock; the level of, and obligations associated with, our indebtedness; and other risk factors and additional information described in our filings with the Securities and Exchange Commission, including under the heading “Risks Factors" in Item 1A of our Annual Report on Form 10-K for the fiscal year

Entegris, Inc. | page 3 of 13

ended December 31, 2016, filed on February 17, 2017, and in our other periodic filings. Except as required under the federal securities laws and the rules and regulations of the Securities and Exchange Commission, we undertake no obligation to update publicly any forward-looking statements contained herein.

Entegris, Inc. | page 4 of 13

Entegris, Inc. and Subsidiaries

Condensed Consolidated Statements of Operations

(In thousands, except per share data)

(Unaudited)

		Three months ended
		July 1, 2017		July 2, 2016		April 1, 2017
Net sales		$329,002		$303,052		$317,377
Cost of sales		178,699		163,847		177,781
	Gross profit	150,303		139,205		139,596
Selling, general and administrative expenses		52,985		53,597		50,492
Engineering, research and development expenses		27,221		28,146		27,239
Amortization of intangible assets		11,007		11,062		10,945
	Operating income	59,090		46,400		50,920
Interest expense, net		8,103		9,051		8,393
Other (income) expense, net		(46	)	(1,054	)	902
	Income before income tax expense	51,033		38,403		41,625
Income tax expense		11,042		5,513		9,111
	Net income	$39,991		$32,890		$32,514
Basic net income per common share:		$0.28		$0.23		$0.23
Diluted net income per common share:		$0.28		$0.23		$0.23
Weighted average shares outstanding:
	Basic	141,696		140,953		141,501
	Diluted	143,508		141,723		143,315

Entegris, Inc. | page 5 of 13

Entegris, Inc. and Subsidiaries

Condensed Consolidated Statements of Operations

(In thousands, except per share data)

(Unaudited)

		Six months ended
		July 1, 2017	July 2, 2016
Net sales		$646,379	$570,076
Cost of sales		356,480	316,165
	Gross profit	289,899	253,911
Selling, general and administrative expenses		103,477	101,553
Engineering, research and development expenses		54,460	54,048
Amortization of intangible assets		21,952	22,351
	Operating income	110,010	75,959
Interest expense, net		16,496	18,200
Other expense (income), net		856	(1,729	)
	Income before income tax expense	92,658	59,488
Income tax expense		20,153	10,386
	Net income	$72,505	$49,102
Basic net income per common share:		$0.51	$0.35
Diluted net income per common share:		$0.51	$0.35
Weighted average shares outstanding:
	Basic	141,599	140,867
	Diluted	143,411	141,547

Entegris, Inc. | page 6 of 13

Entegris, Inc. and Subsidiaries

Condensed Consolidated Balance Sheets

(In thousands)

(Unaudited)

	July 1, 2017	December 31, 2016
ASSETS
Cash and cash equivalents	$405,635	$406,389
Accounts receivable, net	171,113	165,675
Inventories	194,155	183,529
Deferred tax charges and refundable income taxes	16,716	20,140
Other current assets	21,374	24,398
Total current assets	808,993	800,131
Property, plant and equipment, net	341,146	321,562
Goodwill	355,178	345,269
Intangible assets	206,182	217,548
Deferred tax assets	8,622	8,022
Other assets	7,322	7,000
Total assets	$1,727,443	$1,699,532
LIABILITIES AND SHAREHOLDERS’ EQUITY
Long-term debt, current maturities	$100,000	$100,000
Accounts payable	56,961	61,617
Accrued liabilities	75,275	83,530
Income tax payable	18,786	16,424
Total current liabilities	251,022	261,571
Long-term debt, excluding current maturities	435,910	484,677
Other liabilities	58,242	54,066
Shareholders’ equity	982,269	899,218
Total liabilities and shareholders’ equity	$1,727,443	$1,699,532

Entegris, Inc. | page 7 of 13

Entegris, Inc. and Subsidiaries

Condensed Consolidated Statements of Cash Flows

(In thousands)

(Unaudited)

	Three months ended				Six months ended
	July 1, 2017		July 2, 2016		July 1, 2017		July 2, 2016
Operating activities:
Net income	$39,991		$32,890		$72,505		$49,102
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation	14,411		13,825		28,388		27,525
Amortization	11,007		11,062		21,952		22,351
Stock-based compensation expense	4,039		3,505		7,909		6,366
Provision for deferred income taxes	(215	)	(720	)	3,207		(931	)
Other	6,497		4,408		10,130		9,204
Changes in operating assets and liabilities:
Trade accounts and notes receivable	4,514		(29,300	)	(3,032	)	(36,099	)
Inventories	(8,422	)	1,609		(13,837	)	(11,389	)
Accounts payable and accrued liabilities	10,177		23,065		(13,313	)	13,555
Income taxes payable and refundable income taxes	4,209		1,133		2,957		407
Other	(1,049	)	(278	)	1,725		(1,553	)
Net cash provided by operating activities	85,159		61,199		118,591		78,538
Investing activities:
Acquisition of business net of cash acquired	(20,000	)	—		(20,000	)	—
Acquisition of property and equipment	(20,302	)	(14,325	)	(42,492	)	(32,144	)
Other	25		837		211		(1,658	)
Net cash used in investing activities	(40,277	)	(13,488	)	(62,281	)	(33,802	)
Financing activities:
Payments on long-term debt	(25,000	)	(25,000	)	(50,000	)	(25,000	)
Issuance of common stock	1,864		2,380		2,905		2,380
Taxes paid related to net share settlement of equity awards	(664	)	(136	)	(5,239	)	(2,203	)
Other	(5,000	)	42		(9,270	)	(3,482	)
Net cash used in financing activities	(28,800	)	(22,714	)	(61,604	)	(28,305	)
Effect of exchange rate changes on cash	(1,606	)	4,343		4,540		7,487
Increase (decrease) in cash and cash equivalents	14,476		29,340		(754	)	23,918
Cash and cash equivalents at beginning of period	391,159		344,403		406,389		349,825
Cash and cash equivalents at end of period	$405,635		$373,743		$405,635		$373,743

Entegris, Inc. | page 8 of 13

Entegris, Inc. and Subsidiaries

Segment Information

(In thousands)

(Unaudited)

	Three months ended			Six months ended
Net sales	July 1, 2017	July 2, 2016	April 1, 2017	July 1, 2017	July 2, 2016
Specialty Chemicals and Engineered Materials	$121,174	$111,782	$114,435	$235,609	$212,889
Microcontamination Control	104,407	91,584	100,055	204,462	169,203
Advanced Materials Handling	103,421	99,686	102,887	206,308	187,984
Total net sales	$329,002	$303,052	$317,377	$646,379	$570,076

	Three months ended			Six months ended
Segment profit	July 1, 2017	July 2, 2016	April 1, 2017	July 1, 2017	July 2, 2016
Specialty Chemicals and Engineered Materials	$34,174	$28,914	$28,140	$62,314	$51,330
Microcontamination Control	36,484	28,566	35,581	72,065	46,706
Advanced Materials Handling	19,573	22,519	18,276	37,849	41,430
Total segment profit	90,231	79,999	81,997	172,228	139,466
Amortization of intangibles	11,007	11,062	10,945	21,952	22,351
Unallocated expenses	20,134	22,537	20,132	40,266	41,156
Total operating income	$59,090	$46,400	$50,920	$110,010	$75,959

Entegris, Inc. | page 9 of 13

Entegris, Inc. and Subsidiaries

Reconciliation of GAAP Gross Profit to Adjusted Gross Profit

(In thousands)

(Unaudited)

	Three months ended						Six months ended
	July 1, 2017		July 2, 2016		April 1, 2017		July 1, 2017		July 2, 2016
Net sales	$329,002		$303,052		$317,377		$646,379		$570,076
Gross profit-GAAP	$150,303		$139,205		$139,596		$289,899		$253,911
Adjustments to gross profit:
Impairment of equipment	1,966		—		—		1,966		—
Adjusted gross profit	$152,269		$139,205		$139,596		$291,865		$253,911
Gross margin - as a % of net sales	45.7	%	45.9	%	44.0	%	44.8	%	44.5	%
Adjusted gross margin - as a % of net sales	46.3	%	45.9	%	44.0	%	45.2	%	44.5	%

Entegris, Inc. | page 10 of 13

Entegris, Inc. and Subsidiaries

Reconciliation of GAAP Segment Profit to Adjusted Operating Income

(In thousands)

(Unaudited)

	Three months ended						Six months ended
Segment profit-GAAP	July 1, 2017		July 2, 2016		April 1, 2017		July 1, 2017		July 2, 2016
Specialty Chemicals and Engineered Materials	$34,174		$28,914		$28,140		$62,314		$51,330
Microcontamination Control	36,484		28,566		35,581		72,065		46,706
Advanced Materials Handling	19,573		22,519		18,276		37,849		41,430
Total segment profit	90,231		79,999		81,997		172,228		139,466
Amortization of intangible assets	11,007		11,062		10,945		21,952		22,351
Unallocated expenses	20,134		22,537		20,132		40,266		41,156
Total operating income	$59,090		$46,400		$50,920		$110,010		$75,959
Segment profit margin-GAAP
Specialty Chemicals and Engineered Materials	28.2	%	25.9	%	24.6	%	26.4	%	24.1	%
Microcontamination Control	34.9	%	31.2	%	35.6	%	35.2	%	27.6	%
Advanced Materials Handling	18.9	%	22.6	%	17.8	%	18.3	%	22.0	%

	Three months ended						Six months ended
Adjusted segment profit	July 1, 2017		July 2, 2016		April 1, 2017		July 1, 2017		July 2, 2016
Specialty Chemicals and Engineered Materials	$34,174		$28,914		$28,140		$62,314		$51,330
Microcontamination Control 1	37,927		28,566		35,581		73,508		46,706
Advanced Materials Handling 2	21,859		22,519		18,276		40,135		41,430
Total adjusted segment profit	93,960		79,999		81,997		175,957		139,466
Amortization of intangible assets 3	—		—		—		—		—
Unallocated expenses	20,134		22,537		20,132		40,266		41,156
Total adjusted operating income	$73,826		$57,462		$61,865		$135,691		$98,310
Adjusted segment profit margin
Specialty Chemicals and Engineered Materials	28.2	%	25.9	%	24.6	%	26.4	%	24.1	%
Microcontamination Control	36.3	%	31.2	%	35.6	%	36.0	%	27.6	%
Advanced Materials Handling	21.1	%	22.6	%	17.8	%	19.5	%	22.0	%

¹Adjusted segment profit for Microcontamination Control for the three and six months ended July 1, 2017 excludes charges for impairment of equipment and severance of $884 and $559, respectively.

² Adjusted segment profit for Advanced Material Handling for the three and six months ended July 1, 2017 excludes charges for impairment of equipment of $2,286.

³ Adjusted amortization of intangible assets excludes amortization expense of $11,007, $11,062, and $10,945 for the three months ended July 1, 2017, July 2, 2016, and April 1, 2017, respectively and $21,952 and $22,351 for the six months ended July 1, 2017 and July 2, 2016, respectively.

Entegris, Inc. | page 11 of 13

Entegris, Inc. and Subsidiaries

Reconciliation of GAAP Net Income to Adjusted Operating Income and Adjusted EBITDA

(In thousands)

(Unaudited)

	Three months ended						Six months ended
	July 1, 2017		July 2, 2016		April 1, 2017		July 1, 2017		July 2, 2016
Net sales	$329,002		$303,052		$317,377		$646,379		$570,076
Net income	$39,991		$32,890		$32,514		$72,505		$49,102
Adjustments to net income:
Income tax expense	11,042		5,513		9,111		20,153		10,386
Interest expense, net	8,103		9,051		8,393		16,496		18,200
Other (income) expense, net	(46)		(1,054)		902		856		(1,729)
GAAP - Operating income	59,090		46,400		50,920		110,010		75,959
Severance	559		—		—		559		—
Impairment of equipment	3,170		—		—		3,170		—
Amortization of intangible assets	11,007		11,062		10,945		21,952		22,351
Adjusted operating income	73,826		57,462		61,865		135,691		98,310
Depreciation	14,411		13,825		13,977		28,388		27,525
Adjusted EBITDA	$88,237		$71,287		$75,842		$164,079		$125,835
Adjusted operating margin	22.4	%	19.0	%	19.5	%	21.0	%	17.2	%
Adjusted EBITDA - as a % of net sales	26.8	%	23.5	%	23.9	%	25.4	%	22.1	%

Entegris, Inc. | page 12 of 13

Entegris, Inc. and Subsidiaries

Reconciliation of GAAP Net Income to Non-GAAP Earnings per Share

(In thousands, except per share data)

(Unaudited)

	Three months ended						Six months ended
	July 1, 2017		July 2, 2016		April 1, 2017		July 1, 2017		July 2, 2016
GAAP net income	$39,991		$32,890		$32,514		$72,505		$49,102
Adjustments to net income:
Severance	559		—		—		559		—
Impairment of equipment	3,170		—		—		3,170		—
Gain on sale of equity investment	—		(38	)	—		—		(156	)
Amortization of intangible assets	11,007		11,062		10,945		21,952		22,351
Tax effect of adjustments to net income and discrete items	(5,821	)	(3,624	)	(2,705	)	(8,526	)	(7,390	)
Non-GAAP net income	$48,906		$40,290		$40,754		$89,660		$63,907
Diluted earnings per common share	$0.28		$0.23		$0.23		$0.51		$0.35
Effect of adjustments to net income	$0.06		$0.05		$0.06		$0.12		$0.10
Diluted non-GAAP earnings per common share	$0.34		$0.28		$0.28		$0.63		$0.45

### END ###

Entegris, Inc. | page 13 of 13

EX-99.2

JULY 27, 2017 Earnings Summary Second Quarter 2017 Exhibit 99.2

2 SAFE HARBOR Certain information contained in this press release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words “believe,” “expect,” “anticipate,” “intends,” “estimate,” “forecast,” “project,” “should,” “may,” “will,” “would” or the negative thereof and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include those about future period guidance; future sales, net income, net income per diluted share, non-GAAP EPS, non-GAAP net income, expenses and other financial metrics; our performance relative to our markets; market and technology trends; the development of new products and the success of their introductions; the Company's capital allocation strategy; our ability to execute on our strategies; and other matters. These forward-looking statements are based on current management expectations and assumptions only as of the date of this press release, are not guarantees of future performance and involve substantial risks and uncertainties that are difficult to predict and that could cause actual results to differ materially from the results expressed in, or implied by, these forward-looking statements. These risks and uncertainties include, but are not limited to, weakening of global and/or regional economic conditions, generally or specifically in the semiconductor industry, which could decrease the demand for our products and solutions; our ability to meet rapid demand shifts; our ability to continue technological innovation and introduce new products to meet our customers' rapidly changing requirements; our concentrated customer base; our ability to identify, effect and integrate acquisitions, joint ventures or other transactions; our ability to protect and enforce intellectual property rights; operational, political and legal risks of our international operations; our dependence on sole source and limited source suppliers; the increasing complexity of certain manufacturing processes; raw material shortages and price increases; changes in government regulations of the countries in which we operate; fluctuation of currency exchange rates; fluctuations in the market price of Entegris’ stock; the level of, and obligations associated with, our indebtedness; and other risk factors and additional information described in our filings with the Securities and Exchange Commission, including under the heading “Risks Factors" in Item 1A of our Annual Report on Form 10-K for the fiscal year ended December 31, 2016, filed on February 17, 2017, and in our other periodic filings. Except as required under the federal securities laws and the rules and regulations of the Securities and Exchange Commission, we undertake no obligation to update publicly any forward-looking statements contained herein.

3 2Q17 AND 1H17 HIGHLIGHTS ◦ Achieved record second quarter sales of $329.0 million, up 9% from the prior year and up 4% from 1Q17 ◦ 1H17 sales of $646.4 million grew 13% from the prior year, reflecting strong growth in Asia, particularly in Korea ◦ Sales strength reflected robust demand for filtration, specialty gas, and advanced deposition materials solutions ◦ Outlook for full year FY2017 is for sales growth in excess of 10%; with expectations for continued positive momentum for FY2018 ◦ Generated record quarterly adjusted EBITDA of $88.2 million, or 26.8% of sales; Year-to-date adjusted EBITDA of $164.1 million, was 25.4% of sales and grew 30% from the same period a year ago ◦ Generated GAAP EPS of $0.28 and non-GAAP EPS of $0.34, above the high end of our guidance ◦ For the trailing four quarters, GAAP EPS was $0.84 and non-GAAP EPS was $1.11 ◦ Repaid $25 million of long-term debt, reducing net leverage ratio to 0.4 times ◦ Repurchased $4 million of stock as part of ongoing share repurchase program ◦ The acquisition of Gore’s microelectronics filtration product line is on track to meet or exceed expectations ◦ The product line will be commercialized under the TrinzikTM product name

$ in millions, except per share data 2Q17 2Q17 Guidance 1Q17 2Q16 2Q17 over 2Q16 2Q17 over 1Q17 Net Revenue $329.0 $315 to $330 $317.4 $303.1 8.5% 3.7% Gross Margin 45.7% 44.0% 45.9% Operating Expenses $91.2 $90 to $92 $88.7 $92.8 (1.7%) 2.8% Operating Income $59.1 $50.9 $46.4 27.4% 16.1% Operating Margin 18.0% 16.0% 15.3% Tax Rate 21.6% 21.9% 14.4% Net Income $40.0 $32 to $37 $32.5 $32.9 21.6% 23.1% EPS $0.28 $0.22 to $0.26 $0.23 $0.23 21.7% 21.7% 4 SUMMARY – CONSOLIDATED STATEMENT OF OPERATIONS (GAAP)

$ in millions, except per share data 2Q17 2Q17 Guidance 1Q17 2Q16 2Q17 over 2Q16 2Q17 over 1Q17 Net Revenue $329.0 $315 to $330 $317.4 $303.1 8.5% 3.7% Adjusted Gross Margin2 46.3% 44.0% 45.9% Non-GAAP Operating Expenses3 $78.4 $79 to $81 $77.7 $81.7 (4.0%) 0.9% Adjusted Operating Income $73.8 $61.9 $57.5 28.3% 19.2% Adjusted Operating Margin 22.4% 19.5% 19.0% Non-GAAP Tax Rate4 25.6% 22.5% 18.5% Non-GAAP Net Income $48.9 $39 to $44 $40.8 $40.3 21.3% 19.9% Non-GAAP EPS $0.34 $0.27 to $0.31 $0.28 $0.28 21.4% 21.4% 5 1. See GAAP to Non-GAAP reconciliation tables in the appendix of this presentation. 2. Adjusted gross margin excludes certain impairment of equipment. 3. Non-GAAP Operating Expenses exclude amortization expense, impairment of equipment and severance charges. 4. Non-GAAP Tax Rate reflects the tax effect of non-GAAP adjustments and discrete tax items to GAAP taxes. SUMMARY – CONSOLIDATED STATEMENT OF OPERATIONS (NON-GAAP)1

$ in millions, except per share data 1H17 1H16 1H17 over 1H16 Net Revenue $646.4 $570.1 13.4% Gross Margin 44.8% 44.5% Operating Expenses $179.9 $178.0 1.1% Operating Income $110.0 $76.0 44.7% Operating Margin 17.0% 13.3% Tax Rate 21.7% 17.5% Net Income $72.5 $49.1 47.7% EPS $0.51 $0.35 45.7% 6 SUMMARY – CONSOLIDATED STATEMENT OF OPERATIONS (GAAP) – YEAR TO DATE

$ in millions, except per share data 1H17 1H16 1H17 over 1H16 Net Revenue $646.4 $570.1 13.4% Adjusted Gross Margin2 45.2% 44.5% Non-GAAP Operating Expenses3 $156.2 $155.6 0.4% Adjusted Operating Income $135.7 $98.3 38.0% Adjusted Operating Margin 21.0% 17.2% Non-GAAP Tax Rate4 24.2% 21.8% Non-GAAP Net Income $89.7 $63.9 40.4% Non-GAAP EPS $0.63 $0.45 40.0% 7 SUMMARY – CONSOLIDATED STATEMENT OF OPERATIONS (NON-GAAP) – YEAR TO DATE 1. See GAAP to Non-GAAP reconciliation tables in the appendix of this presentation. 2. Adjusted gross margin excludes certain impairment of equipment. 3. Non-GAAP Operating Expenses exclude amortization expense, impairment of equipment and severance charges. 4. Non-GAAP Tax Rate reflects the tax effect of non-GAAP adjustments and discrete tax items to GAAP taxes.

8 1. Represents diluted earnings per share. See Reconciliation of GAAP Net Income to Non-GAAP Earnings per Share in the appendix of this presentation. EARNINGS PER SHARE1 $0.23 $0.28 $0.28 $0.34 $0.00 $0.05 $0.10 $0.15 $0.20 $0.25 $0.30 $0.35 $0.40 1Q17 2Q17 EPS: 2Q17 vs. 1Q17 GAAP Non-GAAP $0.80 $0.84 $1.05 $1.11 $0.00 $0.20 $0.40 $0.60 $0.80 $1.00 $1.20 1Q17 2Q17 EPS: Trailing 4 Quarters GAAP Non-GAAP

RESULTS BY SEGMENT1 9 1. Adjusted segment operating margin excludes amortization of intangibles and unallocated expenses. 2. Segment profit for SCEM for 3Q16 includes a charge for severance of $699K. 3. Segment profit for MC for 3Q16 includes a charge for severance of $737K. Segment profit for MC for 2Q17 includes charges for impairment of equipment and severance of $884K and $559K, respectively. 4. Segment profit for AMH for 3Q16 includes charges for impairment of equipment and severance totaling $6,795K. Segment profit for AMH for 2Q17 includes charges for impairment of equipment of $2,286K. 0% 10% 20% 30% 40% $0 $20 $40 $60 $80 $100 $120 2Q16 3Q16 4Q16 1Q17 2Q17 Specialty Chemicals and Engineered Materials Segment2 Sales Adj. Op. margin 0% 10% 20% 30% 40% $0 $20 $40 $60 $80 $100 $120 2Q16 3Q16 4Q16 1Q17 2Q17 Microcontamination Control Segment3 Sales Adj. Op. margin 0% 10% 20% 30% 40% $0 $20 $40 $60 $80 $100 $120 2Q16 3Q16 4Q16 1Q17 2Q17 Advanced Materials Handling Segment4 Sales Adj. Op. margin $ in millions

REVENUE BY GEOGRAPHY: STRONG GROWTH IN ASIA AND EUROPE 10 N. America Asia Japan Europe 1H17 Revenue by Geography 1H17 Revenue = $646.4 million 4% 21% -2% 13% N. America Asia Japan Europe -10% 0% 10% 20% 30% 1H17 vs. 1H16 Growth Rate $59.7M $374.9M $135.7M $76.1M

$ in millions 2Q17 1Q17 2Q16 $ Amount % Total $ Amount % Total $ Amount % Total Cash & Cash Equivalents $405.6 23.5% $391.2 23.1% $373.7 22.0% Accounts Receivable, net $171.1 9.9% $176.0 10.4% $180.6 10.7% Inventories $194.2 11.2% $188.3 11.1% $181.1 10.7% Net PP&E $341.1 19.7% $330.9 19.5% $322.7 19.0% Total Assets $1,727.4 $1,696.1 $1,695.5 Current Liabilities1 $251.0 14.5% $236.2 13.9% $187.1 11.0% Long-term debt, excluding current maturities $435.9 25.2% $460.3 27.1% $582.2 34.3% Total Liabilities $745.1 43.1% $751.0 44.3% $834.3 49.2% Total Shareholders’ Equity $982.3 56.9% $945.1 55.7% $861.2 50.8% AR - DSOs 47.5 50.6 54.4 Inventory Turns 3.7 3.8 3.6 11 1. Current Liabilities in 2Q17, 1Q17 and 2Q16 includes $100 million of current maturities of long term debt, respectively. SUMMARY – BALANCE SHEET ITEMS

12 1. See Reconciliation of GAAP Income to Adjusted Operating Income and Adjusted EBITDA in the appendix of this presentation. ADJUSTED EBITDA MARGIN1 23.2% 24.1% 0 50 100 150 200 250 300 TTM-1Q17 TTM-2Q17 Adjusted EBITDA TTM Adj. EBITDA in $M Adj. EBITDA as % of Sales $285M $302M 23.9% 26.8% 0 10 20 30 40 50 60 70 80 90 1Q17 2Q17 Adjusted EBITDA Adj. EBITDA in $M Adj. EBITDA as % of Sales $76M $88M

$ in millions 2Q17 1Q17 2Q16 Beginning Cash Balance $391.2 $406.4 $344.4 Cash from operating activities $85.2 $33.4 $61.2 Capital expenditures ($20.3) ($22.2) ($14.3) Payments on long-term debt ($25.0) ($25.0) ($25.0) Acquisition of business ($20.0) - - Other investing activities - $0.2 $0.8 Other financing activities ($3.8) ($7.8) $2.3 Effect of exchange rates ($1.7) $6.1 $4.3 Ending Cash Balance $405.6 $391.2 $373.7 Free Cash Flow1 $64.9 $11.2 $46.9 Adjusted EBITDA $88.2 $75.8 $71.3 CASH FLOWS 13 1. Free cash flow equals cash from operations less capital expenditures.

OUTLOOK 14 1. Non-GAAP operating expenses exclude amortization. In 3Q17, amortization is estimated to be approximately $11 million, or $0.05 per share. $ in millions, except per share data 3Q17 Guidance 2Q17 3Q16 Net Revenue $325 to $340 $329.0 $296.7 Operating Expenses $90 to $92 $91.2 $88.3 Net Income $36 to $43 $40.0 $21.9 EPS $0.25 to $0.30 $0.28 $0.15 $ in millions, except per share data 3Q17 Guidance 2Q17 3Q16 Net Revenue $325 to $340 $329.0 $296.7 Non-GAAP Operating Expenses1 $79 to $81 $78.4 $75.4 Non-GAAP Net Income $43 to $50 $48.9 $34.6 Non-GAAP EPS $0.30 to $0.35 $0.34 $0.24 Non-GAAP GAAP

Entegris®, the Entegris Rings Design™ and Pure Advantage™ are trademarks of Entegris, Inc. ©2016 Entegris, Inc. All rights reserved. 15

NON-GAAP RECONCILIATION TABLE RECONCILIATION OF GAAP GROSS PROFIT TO ADJUSTED GROSS PROFIT 16 Three months ended Six months ended July 1, 2017 July 2, 2016 April 1, 2017 July 1, 2017 July 2, 2016 Net Sales $329,002 $303,052 $317,377 $646,379 $570,076 Gross profit-GAAP $150,303 $139,205 $139,596 $289,899 $253,911 Adjustments to gross profit: Impairment of equipment 1,966 - - 1,966 - Non-GAAP net income $152,269 $139,205 $139,596 $291,865 $253,911 Gross margin - as a % of net sales 45.7% 45.9% 44.0% 44.8% 44.5% Adjusted gross margin - as a % of net sales 46.3% 45.9% 44.0% 45.2% 44.5% $ in thousands

NON-GAAP RECONCILIATION TABLE RECONCILIATION OF GAAP SEGMENT PROFIT TO ADJUSTED OPERATING INCOME 17 Three months ended Six months ended Segment profit-GAAP July 1, 2017 July 2, 2016 April 1, 2017 July 1, 2017 July 2, 2016 Specialty Chemicals and Engineered Materials $34,174 $28,914 $28,140 $62,314 $51,330 Microcontamination Control 36,484 28,566 35,581 72,065 46,706 Advanced Materials Handling 19,573 22,519 18,276 37,849 41,430 Total segment profit 90,231 79,999 81,997 172,228 139,466 Amortization of intangible assets 11,007 11,062 10,945 21,952 22,351 Unallocated expenses 20,134 22,537 20,132 40,266 41,156 Total operating income $59,090 $46,400 $50,920 $110,010 $75,959 $ in thousands Three months ended Six months ended Adjusted segment profit July 1, 2017 July 2, 2016 April 1, 2017 July 1, 2017 July 2, 2016 Specialty Chemicals and Engineered Materials $34,174 $28,914 $28,140 $62,314 $51,330 Microcontamination Control1 37,927 28,566 35,581 73,508 46,706 Advanced Materials Handling2 21,859 22,519 18,276 40,135 41,430 Total segment profit 93,960 79,999 81,997 175,957 139,466 Amortization of intangible assets3 - - - - - Unallocated expenses 20,134 22,537 20,132 40,266 41,156 Total operating income $73,826 $57,462 $61,865 $135,691 $98,310 1 Adjusted segment profit for Microcontamination Control for the three and six months ended July 1, 2017 excludes charges for impairment of equipment and severance of $884K and $559K, respectively. 2 Adjusted segment profit for Advanced Material Handling for the three and six months ended July 1, 2017 excludes charges for impairment of equipment of $2,286K. 3 Adjusted amortization of intangible assets excludes amortization expense of $11,007, $11,062, and $10,945 for the three months ended July 1, 2017, July 2, 2016, and April 1, 2017, respectively and $21,952 and $22,351 for the six months ended July 1, 2017 and July 2, 2016, respectively.

NON-GAAP RECONCILIATION TABLE RECONCILIATION OF GAAP TO ADJUSTED OPERATING INCOME AND ADJUSTED EBITDA 18 Three months ended Six months ended July 1, 2017 July 2, 2016 April 1, 2017 July 1, 2017 July 2, 2016 Net sales $329,002 $303,052 $317,377 $646,379 $570,076 Net income $39,991 $32,890 $32,514 $72,505 $49,102 Adjustments to net income: Income tax expense 11,042 5,513 9,111 20,153 10,386 Interest expense, net 8,103 9,051 8,393 16,496 18,200 Other (income) expense, net (46) (1,054) 902 856 (1,729) GAAP - Operating income 59,090 46,400 50,920 110,010 75,959 Severance 559 - - 559 - Impairment of equipment 3,170 - - 3,170 - Amortization of intangible assets 11,007 11,062 10,945 21,952 22,351 Adjusted operating income 73,826 57,462 61,865 135,691 98,310 Depreciation 14,411 13,825 13,977 28,388 27,525 Adjusted EBITDA $88,237 $71,287 $75,842 $164,079 $125,835 Adjusted operating margin 22.4% 19.0% 19.5% 21.0% 17.2% Adjusted EBITDA - as a % of net sales 26.8% 23.5% 23.9% 25.4% 22.1% $ in thousands

NON-GAAP RECONCILIATION TABLE RECONCILIATION OF GAAP TO NON-GAAP EARNINGS PER SHARE 19 Three months ended Six months ended July 1, 2017 July 2, 2016 April 1, 2017 July 1, 2017 July 2, 2016 GAAP net income $39,991 $32,890 $32,514 $72,505 $49,102 Adjustments to net income: Severance 559 - - 559 - Impairment of equipment 3,170 - - 3,170 - Gain on sale of equity investment - (38) - - (156) Amortization of intangible assets 11,007 11,062 10,945 21,952 22,351 Tax effect of adjustments to net income and discrete items (5,821) (3,624) (2,705) (8,526) (7,390) Non-GAAP net income $48,906 $40,290 $40,754 $89,660 $63,907 Diluted earnings per common share $0.28 $0.23 $0.23 $0.51 $0.35 Effect of adjustments to net income $0.06 $0.05 $0.06 $0.12 $0.10 Diluted non-GAAP earnings per common share $0.34 $0.28 $0.28 $0.63 $0.45 $ in thousands, except per share data

20 GAAP SEGMENT TREND DATA Q115 Q215 Q315 Q415 Q116 Q216 Q316 Q416 Q117 Q217 Sales SCEM 99,897$ 110,569$ 105,285$ 103,127$ 101,107$ 111,782$ 104,494$ 110,945$ 114,435$ 121,174$ MC 75,947 79,293 78,485 82,092 77,619 91,584 94,738 98,717 100,055 104,407 AMH 87,529 90,847 86,483 81,567 88,298 99,686 97,460 98,840 102,887 103,421 Total Sales 263,373$ 280,709$ 270,253$ 266,786$ 267,024$ 303,052$ 296,692$ 308,502$ 317,377$ 329,002$ Segment Profit SCEM 22,010$ 30,826$ 23,316$ 24,218$ 22,416$ 28,914$ 18,811$ 25,919$ 28,140$ 34,174$ MC 19,874 20,605 21,926 20,671 18,140 28,566 31,617 31,719 35,581 36,484 AMH 19,679 20,860 15,786 10,094 18,911 22,519 15,378 16,644 18,276 19,573 Total Segment Profit 61,563$ 72,291$ 61,028$ 54,983$ 59,467$ 79,999$ 65,806$ 74,282$ 81,997$ 90,231$ Segment Profit Margin SCEM 22.0% 27.9% 22.1% 23.5% 22.2% 25.9% 18.0% 23.4% 24.6% 28.2% MC 26.2% 26.0% 27.9% 25.2% 23.4% 31.2% 33.4% 32.1% 35.6% 34.9% AMH 22.5% 23.0% 18.3% 12.4% 21.4% 22.6% 15.8% 16.8% 17.8% 18.9% $ in thousands

NON-GAAP SEGMENT TREND DATA 21 1 Adjusted segment profit for SCEM for Q316 excludes charges for severance of $699K. 2 Adjusted segment profit for MC for Q316 excludes charges for severance of $737K. Adjusted segment profit for MC for 2Q17 excludes charges for impairment of equipment and severance of $884K and $559K, respectively. 3 Adjusted segment profit for AMH for Q316 excludes charges for impairment of equipment and severance related to organizational realignment of $5,826K and $969K, respectively. Adjusted segment profit for AMH for 2Q17 excludes charges for impairment of equipment of $2,286K. Q115 Q215 Q315 Q415 Q116 Q216 Q316 Q416 Q117 Q217 Sales SCEM 99,897$ 110,569$ 105,285$ 103,127$ 101,107$ 111,782$ 104,494$ 110,945$ 114,435$ 121,174$ MC 75,947 79,293 78,485 82,092 77,619 91,584 94,738 98,717 100,055 104,407 AMH 87,529 90,847 86,483 81,567 88,298 99,686 97,460 98,840 102,887 103,421 Total Sales 263,373$ 280,709$ 270,253$ 266,786$ 267,024$ 303,052$ 296,692$ 308,502$ 317,377$ 329,002$ Adjusted Segment Profit SCEM1 22,010$ 30,826$ 23,316$ 24,218$ 22,416$ 28,914$ 19,510$ 25,919$ 28,140$ 34,174$ MC2 19,874 20,605 21,926 20,671 18,140 28,566 32,354 31,719 35,581 37,927 AMH3 19,679 20,860 15,786 10,094 18,911 22,519 22,173 16,644 18,276 21,859 Total Adj. Segment Profit 61,563$ 72,291$ 61,028$ 54,983$ 59,467$ 79,999$ 74,037$ 74,282$ 81,997$ 93,960$ Adjusted Segment Profit Margin SCEM 22.0% 27.9% 22.1% 23.5% 22.2% 25.9% 18.7% 23.4% 24.6% 28.2% MC 26.2% 26.0% 27.9% 25.2% 23.4% 31.2% 34.2% 32.1% 35.6% 36.3% AMH 22.5% 23.0% 18.3% 12.4% 21.4% 22.6% 22.8% 16.8% 17.8% 21.1% $ in thousands