Entegris Reports Fourth-Quarter Results and Record Sales Levels for Fiscal 2004; Announces Share Repurchase Program

Business Wire, Sept 30, 2004

Balance Sheet/Cash Flow Discussion

Cash, cash equivalents and short-term investments at the end of the fiscal 2004 fourth quarter totaled $133 million. The company generated $21 million in cash from operations during the quarter. Short- and long-term debt was $26.9 million. Inventories decreased sequentially from the 2004 third quarter by $1.7 million to $45.2 million. Inventory turns increased to 4.7 in fiscal 2004 from 3.9 turns for fiscal 2003.

Depreciation and amortization expense was approximately $25.5 million for fiscal 2004 compared to $27.2 million during fiscal 2003. Capital expenditures in fiscal 2004 were $21.2 million compared to $13.4 million in fiscal 2003.

FOURTH-QUARTER AND FISCAL 2004 RESULTS CONFERENCE CALL DETAILS

Investors have the opportunity to listen to Entegris' fourth-quarter results conference call today at 8:30 a.m. ET over the Internet at http://www.entegris.com. Go to the company's Web site at least 15 minutes early to register, download and install the necessary audio software.

FORWARD-LOOKING STATEMENTS

Certain information in this news release does not relate to historical financial information and may be deemed to constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are subject to certain risks and uncertainties that could cause the company's actual results in the future to differ materially from its historical results and those presently anticipated or projected.

Among these risks and uncertainties are general economic conditions, the cyclical nature of the semiconductor industry, the risks associated with the acceptance of new products and services, the successful integration of acquisitions, the ability to expand into new markets while improving financial performance and the ability of operations to respond to rapidly changing demand. Other factors that could cause the company's results to differ materially from those contained in its forward looking statements are included in the Form 10K filed in November 2003 and other documents filed by the company with the Securities and Exchange Commission.

ABOUT ENTEGRIS

Entegris products and services protect and transport the critical materials enabling the world's leading technologies. As a leading materials integrity management company, Entegris provides products and services used in key technology industries including the semiconductor, data storage, chemical processing, biopharmaceutical, medical device and fuel cell.

Entegris is ISO 9001 certified and has manufacturing or service facilities in the United States, Germany, Japan, Malaysia and Singapore. Its advanced research laboratories are located in Minnesota and Colorado, USA. Directly and through distributors, Entegris provides customer support on six continents. Additional information can be found at www.entegris.com