Entegris, Inc. (ENTG) Q2 2022 Earnings Call Transcript

For the period ending July 2, 2022

August 2, 2022 9:00 a.m. ET

Prepared Remarks

Questions and Answers

Call Participants

Prepared Remarks:

Operator

Good day, everyone, and welcome to Entegris' Q2 2022 Earnings Release Call. Today's call is being recorded.

At this time, for opening remarks and introductions, I would like to turn the call over to Bill Seymour, VP of Investor Relations. Please go ahead, sir.

Bill Seymour

Good morning, everyone. Earlier today, we announced the financial results for our second quarter of 2022.

Before we begin, I would like to remind listeners that our comments today will include some forward-looking statements. These statements involve a number of risks and uncertainties, and actual results could differ materially from those projected in the forward-looking statements.

Additional information regarding these risks and uncertainties is contained in our most recent annual report and subsequent quarterly reports that we have filed with the SEC. Please refer to the information on the disclaimer slide in the presentation.

On this call, we will also refer to non-GAAP financial measures as defined by the SEC and Regulation G. You can find a reconciliation table in today's news release as well as on our IR page of our website at entegris.com.

On the call today are Bertrand Loy, our CEO; and Greg Graves, our CFO.

Before I hand over to Bertrand, there is a few items I'd like to mention related to the CMC acquisition. First, because of the timing of the close of the transaction our second quarter results that we reported today include only legacy Entegris Q2 results, and do not include CMC Materials results. However, to help provide some context, Bertrand will make some brief comments on CMC Materials’ fiscal third quarter sales. And because of the timing of the closes, I'm sure you can understand we are providing only sales and EBITDA guidance for the third quarter and the full year 2022 for the combined company.

To assist in your modeling, we will also be providing pro forma recast historical financials on a consolidated basis and for the four divisions before the Analyst Meeting. On that note, you should have seen and save the date for our virtual Investor and Analyst Meeting on September 22, where we will provide an update and additional details on the CMC Materials integration and the overall financial outlook for the combined platform.

With that, I'll hand the call over to Bertrand.