Entegris sets long-term revenue growth target, authorizes buyback
Entegris (ENTG) set a long-term target of about 15% annual revenue growth and authorized a $500 million share repurchase program. The company expects to raise its quarterly dividend by 10% in 2027.
Key takeaways
- Entegris (ENTG) set long-term targets of about 15% revenue compound annual growth and 35% adjusted operating margin at its Capital Markets Day on Nov. 9. The board authorized a $500 million share repurchase program with no expiration date. The company expects to raise its quarterly dividend by 10% starting in the first quarter of 2027, subject to board declaration.
Entegris (ENTG) set a long-term model targeting revenue compound annual growth of about 15%, adjusted operating margin of about 35% and adjusted earnings per share compound annual growth of about 30% at its 2026 Capital Markets Day.
Shares fell 1.8% at 11:18 a.m. ET, from a $140.06 close.
The model also calls for adjusted gross margin of about 55%.
CEO Dave Reeder said the company will return "about 50% of excess cash to shareholders."
The Board authorized a share repurchase program on Nov. 8 for up to $500 million of common stock, with no expiration date. Repurchases may be made through open market purchases, privately negotiated transactions, accelerated share repurchase arrangements or Rule 10b5-1 trading plans.
The company expects to raise its quarterly cash dividend by 10% beginning in the first quarter of 2027, subject to Board approval.