Entegris, Inc. (NASDAQ:ENTG)

Gideon Argov, president and chief executive officer, said: "We continued to successfully implement our strategies for growth that capitalize on the strength and potential of our core semiconductor market as well as adjacent new market opportunities.  Our advanced contamination control and microenvironment solutions for the most demanding processes, including 32 nanometer and below, are getting good traction with customers and position us for additional share gains in the future. As a result of the steps we've taken thus far and the favorable business trends in the semiconductor and microelectronics markets, we expect the second half of the year will be stronger than the first half.      

"Our adjusted operating margin of 17.8 percent for the second quarter exceeded our target performance, and was substantially higher than operating returns we recorded previously at comparable revenue levels. The improvement in profitability is the result of the work done to streamline and revitalize operations over the last two years," Argov said.

"This operating performance has translated into strong cash flow and a solid balance sheet. We generated $28 million in cash from operations and $37 million of adjusted EBITDA in the second quarter.  We are on pace to generate more than $100 million of cash from operations and adjusted EBITDA in excess of $140 million for the year. This strong cash flow has enabled us to completely repay the balance on our credit facility in July, well ahead of schedule," Argov said.

Source: Globe Newswire (July 27, 2010)