Entegris (ENTG) Approves Additional $250 Million Share Buyback

Entegris, Inc. (NasdaqGS: ENTG) (the “Company”), a leader in specialty chemicals and advanced materials solutions for the microelectronics industry, today announced that its Board of Directors has authorized the Company to repurchase an additional $250 million of its common stock. As of Friday, November 16, 2018, the Company has repurchased $60.2 million of its common stock during the fourth quarter and $15.2 million remained available in the Company's prior share repurchase authorization.

“We believe the stock buyback plan is a good use of cash given our long-term growth prospects,” said Bertrand Loy, president and chief executive officer. “The additional opportunistic buyback program is consistent with our stated capital allocation strategy which includes capital investments to support future growth, strategic M&A, share repurchases and a quarterly dividend.”

Repurchases of the Company's common stock will be made from time to time, subject to market conditions. These shares may be purchased in the open market or through privately negotiated transactions. The Company has no obligation to repurchase shares under the authorization, and the timing, actual number and value of shares which are repurchased will depend on a number of factors, including the price of the Company's common stock, general business and market conditions, and alternative investment opportunities. The Company may suspend or discontinue the repurchase program at any time. This current repurchase program expires in February 2020.

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