Entegris also presented an updated long-term financial model. It targets revenue compound annual growth of about 15%, an adjusted gross margin of about 55% and an adjusted operating margin of approximately 35%. The company is targeting adjusted earnings-per-share compound annual growth of approximately 30%, it said.

Entegris has a market capitalization of $19.55 billion, with 152.8 million shares outstanding and a public float of 151.9 million shares. Its stock rose 9.4% in regular trading, closing at $140.06.

The company supplies advanced materials and process solutions for the semiconductor and other high-tech industries.