Reports › ENTG › 10-Q FY2025

SEC filings, compared

What changed in Entegris's 10-Q for the quarter ended September 27, 2025

Compared with the 10-Q for the quarter ended September 28, 2024. Part I, Item 2 and Part II, Item 1A analysed; every summary checked against the quoted filing text.

Registrant: ENTEGRIS INC · ENTG
This filing: 0001101302-25-000103 ↗ · filed Oct 30, 2025
Compared with: 0001101302-24-000074 ↗ · filed Nov 4, 2024
Processed: Sep 20, 2026 UTC · parser-v5 · classify-v4 · select-v1

Research tool. Describes what filings say. Not investment advice. Verify independently. Read the cited paragraph before relying on it.

How a report is made

84 material changes among 133 changed paragraphs

18 shown by default across the three sections below; each section's "Show all" reaches the rest, in filing order.

Numbers from XBRL

Each figure is the one the filing itself tagged, taken from the filing that reported it. Not written by a model.

Concept	FY2025	FY2024
Revenueus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax	807,100,000USD · Jun 29, 2025 to Sep 27, 2025	807,694,000USD · Jun 30, 2024 to Sep 28, 2024
Net income or lossus-gaap:NetIncomeLoss	70,500,000USD · Jun 29, 2025 to Sep 27, 2025	77,582,000USD · Jun 30, 2024 to Sep 28, 2024
Cash and cash equivalentsus-gaap:CashAndCashEquivalentsAtCarryingValue	399,800,000USD · at Sep 27, 2025	432,072,000USD · at Sep 28, 2024
Net cash from operating activitiesus-gaap:NetCashProvidedByUsedInOperatingActivities	503,400,000USD · Jan 1, 2025 to Sep 27, 2025	455,625,000USD · Jan 1, 2024 to Sep 28, 2024

Not compared. A change is shown only when both filings state the prior year identically, which is our check that the two columns describe the same reporting entity. That check did not pass for this pair, so each figure stands on its own filing. How a report is made

Values as tagged in the filing's inline XBRL, resolved by accession rather than by period matching. When a value is not tagged, we show that instead of estimating it. FY2025: 0001101302-25-000103 · FY2024: 0001101302-24-000074

What the company says for the first time

Paragraphs with no counterpart in the prior filing.

13 material additions

Part I, Item 2 · MD&A

8 of 13 shown · Ordered by the model, quote-checked

01AddedPart I, Item 2 › Overview

Summary · quote-checked

Added disclosure describing trade tensions, tariffs, supply-chain disruptions, increased costs, potential delays, weaker demand, and reduced profitability.

The new paragraph introduces substantive trade-policy, supply-chain, cost, competitiveness, customer, demand, and profitability risks, changing the company’s disclosed exposure.

Why the model ranked it here

The disclosure shows that trade policies have become an active source of higher costs, supplier changes, delivery delays, demand risk, and potential profitability pressure.

Filing text · FY2024 10-Q · filed Nov 4, 2024

No corresponding language in the FY2024 10-Q.

Filing text · FY2025 10-Q · filed Oct 30, 2025

[added] Recent and continuing developments in U.S. and foreign trade policy have heightened global trade tensions and sparked significant uncertainty in macroeconomic and geopolitical environments, particularly with respect to China. The nature of our global business exposes us to risks associated with trade conflicts between the U.S. and its trading partners. Additionally, our manufacturing operations rely on a global supply chain to manufacture our products, including, in some instances, raw materials from China. The recent tariffs and other similar trade policies (i) have increased, and may continue to increase, our sourcing and manufacturing costs, (ii) have forced, and may continue to force, us to find alternative suppliers, and (iii) may result in manufacturing and delivery delays. As a result, we may face a reduction in the demand for, and in the competitiveness of, our products, particularly from local or domestically sourced competition, harm to our relationships with our customers, and decreased profitability. These issues may be exacerbated by the overall macroeconomic uncertainty stemming from current trade tensions which may slow economic growth and negatively impact the demand for products containing semiconductors, thereby decreasing the demand for our products.

Cite this change

"The recent tariffs and other similar trade policies (i) have increased, and may continue to increase, our sourcing and manufacturing costs, (ii) have forced, and may continue to force, us to find alternative suppliers, and (iii) may result in manufacturing and delivery delays."

Entegris, Form 10-Q for FY2025, Part I, Item 2, accession 0001101302-25-000103, filed 30 October 2025.

Filing: https://www.sec.gov/Archives/edgar/data/1101302/000110130225000103/entg-20250927.htm

Comparison: https://yearover.com/reports/entg/0001101302-25-000103?ref=quote

02AddedPart I, Item 2 › One Big Beautiful Bill Act

Summary · quote-checked

Added disclosure of the Act’s enactment, accounting treatment, and key tax provisions affecting the Company’s financial statements.

The paragraph introduces a new tax law, its enacted date, the Company’s accounting treatment, and specific changes to interest limitations and international tax rules.

Why the model ranked it here

The enacted tax legislation directly changes the company’s accounting and tax treatment through revised interest limitations and international tax rules.

Filing text · FY2024 10-Q · filed Nov 4, 2024

No corresponding language in the FY2024 10-Q.

Filing text · FY2025 10-Q · filed Oct 30, 2025

[added] The One Big Beautiful Bill Act (the "Act") was enacted on July 4, 2025. In accordance with ASC 740-10, the Company accounted for the effects of the new tax legislation in the fiscal quarter ended September 27, 2025, which is the quarter of enactment. The key provisions of the Act impacting the Company's financial statements include the modification of interest expense limitations under Section 163(j) of the Internal Revenue Code of 1986, as amended, and revisions to foreign-derived intangible income and global intangible low-taxed income.

Cite this change

"The One Big Beautiful Bill Act (the "Act") was enacted on July 4, 2025. In accordance with ASC 740-10, the Company accounted for the effects of the new tax legislation in the fiscal quarter ended September 27, 2025, which is the quarter of enactment. The key provisions of the Act impacting the Company's financial statements include the modification of interest expense limitations under Section 163(j) of the Internal Revenue Code of 1986, as amended, and revisions to foreign-derived intangible income and global intangible low-taxed income."

Entegris, Form 10-Q for FY2025, Part I, Item 2, accession 0001101302-25-000103, filed 30 October 2025.

Filing: https://www.sec.gov/Archives/edgar/data/1101302/000110130225000103/entg-20250927.htm

Comparison: https://yearover.com/reports/entg/0001101302-25-000103?ref=quote

03AddedPart I, Item 2 › Debt

Summary · quote-checked

Added disclosure of a floating-to-fixed interest rate swap on variable-rate debt and its resulting effective interest rate.

The new paragraph discloses a newly entered derivative contract tied to variable-rate debt, changing the stated interest-rate exposure and obligation.

Why the model ranked it here

The newly disclosed swap changes the company’s interest-rate exposure and debt-cost profile under its term loan facility.

Filing text · FY2024 10-Q · filed Nov 4, 2024

No corresponding language in the FY2024 10-Q.

Filing text · FY2025 10-Q · filed Oct 30, 2025

[added] (1) The Company entered into a floating-to-fixed swap contract on its variable rate debt under our Term Loan Facility. The effective interest rate after consideration of this floating-to-fixed swap contract was 5.01%. Refer to Note 9 for a description of our interest rate swap contract.

Cite this change

"The Company entered into a floating-to-fixed swap contract on its variable rate debt under our Term Loan Facility."

Entegris, Form 10-Q for FY2025, Part I, Item 2, accession 0001101302-25-000103, filed 30 October 2025.

Filing: https://www.sec.gov/Archives/edgar/data/1101302/000110130225000103/entg-20250927.htm

Comparison: https://yearover.com/reports/entg/0001101302-25-000103?ref=quote

04AddedPart I, Item 2 › Three and Nine Months Ended September 27, 2025 Compared to Three and Nine Months Ended September 28, 2024

Summary · quote-checked

Added disclosure describing OECD Pillar 2 global minimum tax rules and the company’s assessment of their potential impact.

The paragraph introduces a new tax obligation and related monitoring disclosure, stating that enacted or expected legislation could affect consolidated financial statements and disclosures.

Why the model ranked it here

The global minimum tax rules introduce a new potential tax obligation that could affect the company’s financial statements and disclosures.

Filing text · FY2024 10-Q · filed Nov 4, 2024

No corresponding language in the FY2024 10-Q.

Filing text · FY2025 10-Q · filed Oct 30, 2025

[added] Pillar 2 The Organization for Economic Co-operation and Development ("OECD") introduced Base Erosion and Profit Shifting ("BEPS") Pillar 2 rules that impose a global minimum tax rate of 15%. Numerous countries have already enacted, or are expected to enact, legislation to implement the 15% minimum tax rate. We have evaluated the impact of this legislation based on Entegris' current global landscape and do not believe it will have a material impact. We will continue to monitor the ongoing legislation throughout the year and evaluate any future potential impact on our consolidated financial statements and related disclosures.

Cite this change

"Pillar 2 The Organization for Economic Co-operation and Development ("OECD") introduced Base Erosion and Profit Shifting ("BEPS") Pillar 2 rules that impose a global minimum tax rate of 15%."

Entegris, Form 10-Q for FY2025, Part I, Item 2, accession 0001101302-25-000103, filed 30 October 2025.

Filing: https://www.sec.gov/Archives/edgar/data/1101302/000110130225000103/entg-20250927.htm

Comparison: https://yearover.com/reports/entg/0001101302-25-000103?ref=quote

05AddedPart I, Item 2 › Advanced Purity Solutions (APS)

Summary · quote-checked

Added disclosure that segment profit decreased 11%, primarily due to lower sales, unfavorable product mix and higher restructuring costs.

The new paragraph adds a substantive MD&A result and identifies specific drivers, including restructuring costs of $13.2 million.

Why the model ranked it here

The segment-profit decline, weaker sales and mix, and higher restructuring costs provide important evidence of deterioration in operating performance.

Filing text · FY2024 10-Q · filed Nov 4, 2024

No corresponding language in the FY2024 10-Q.

Filing text · FY2025 10-Q · filed Oct 30, 2025

For the nine months ended September 27, 2025, APS net sales decreased to $1,334.6 million, down 2% compared to $1,359.0 million in the comparable period last year. The sales decrease was mainly due to decreased sales from a decline in facilities-based capital expenditure investments, including fluid handling products and FOUPs, partially offset by an increase in sales from gas microcontamination products. APS reported a segment profit of $322.2 million in the nine months ended [added] September 27, 2025, down 11% from $361.2 million in the year-ago period. The segment profit decrease was primarily due to lower sales, unfavorable product mix and higher restructuring costs of $13.2 million in the current period.

Cite this change

"September 27, 2025, down 11% from $361.2 million in the year-ago period. The segment profit decrease was primarily due to lower sales, unfavorable product mix and higher restructuring costs of $13.2 million in the current period."

Entegris, Form 10-Q for FY2025, Part I, Item 2, accession 0001101302-25-000103, filed 30 October 2025.

Filing: https://www.sec.gov/Archives/edgar/data/1101302/000110130225000103/entg-20250927.htm

Comparison: https://yearover.com/reports/entg/0001101302-25-000103?ref=quote

06AddedPart I, Item 2 › One Big Beautiful Bill Act

Summary · quote-checked

Added MD&A explanation attributing decreases in adjusted operating income, adjusted EBITDA and non-GAAP EPS to lower gross profit.

The new paragraph adds substantive results information, including changed metrics and stated drivers, rather than merely rolling forward dates or periods.

Why the model ranked it here

The disclosure indicates that adjusted operating measures and non-GAAP earnings declined because of lower gross profit.

Filing text · FY2024 10-Q · filed Nov 4, 2024

No corresponding language in the FY2024 10-Q.

Filing text · FY2025 10-Q · filed Oct 30, 2025

[added] The decrease in Adjusted Operating Income and Adjusted EBITDA for the three months ended September 27, 2025 compared to the year-ago period is generally attributable to lower gross profit. The decrease in Non-GAAP EPS for the three months ended September 27, 2025 compared to the year-ago period is primarily attributable to lower gross profit, partially offset by lower operating expenses.

Cite this change

"The decrease in Adjusted Operating Income and Adjusted EBITDA for the three months ended September 27, 2025 compared to the year-ago period is generally attributable to lower gross profit. The decrease in Non-GAAP EPS for the three months ended September 27, 2025 compared to the year-ago period is primarily attributable to lower gross profit, partially offset by lower operating expenses."

Entegris, Form 10-Q for FY2025, Part I, Item 2, accession 0001101302-25-000103, filed 30 October 2025.

Filing: https://www.sec.gov/Archives/edgar/data/1101302/000110130225000103/entg-20250927.htm

Comparison: https://yearover.com/reports/entg/0001101302-25-000103?ref=quote

07AddedPart I, Item 2 › Reconciliation of GAAP Net Income to Adjusted Operating Income and Adjusted EBITDA

Summary · quote-checked

Added a reconciliation item identifying a gain from the sale of the Company's PIM business.

The new paragraph discloses a specific gain tied to a business sale, indicating a newly reported transaction or event rather than a recurring presentation change.

Why the model ranked it here

The gain from selling the PIM business signals a significant business disposition affecting reported results and the company’s operating scope.

Filing text · FY2024 10-Q · filed Nov 4, 2024

No corresponding language in the FY2024 10-Q.

Filing text · FY2025 10-Q · filed Oct 30, 2025

[added] 5 Gain from the sale of the Company's PIM business.

Cite this change

"5 Gain from the sale of the Company's PIM business."

Entegris, Form 10-Q for FY2025, Part I, Item 2, accession 0001101302-25-000103, filed 30 October 2025.

Filing: https://www.sec.gov/Archives/edgar/data/1101302/000110130225000103/entg-20250927.htm

Comparison: https://yearover.com/reports/entg/0001101302-25-000103?ref=quote

08AddedPart I, Item 2 › One Big Beautiful Bill Act

Summary · quote-checked

Added disclosure that new legislation affected the estimated annual effective tax rate and may affect future tax positions.

The paragraph introduces a new legislative development and explains its current and potential effects on tax reporting and future tax positions.

Why the model ranked it here

The legislation has already changed the company’s estimated tax rate and may alter its future tax positions.

Filing text · FY2024 10-Q · filed Nov 4, 2024

No corresponding language in the FY2024 10-Q.

Filing text · FY2025 10-Q · filed Oct 30, 2025

[added] The Company updated its estimated annual effective tax rate to reflect the impact of the new legislation for interim reporting purposes. Certain provisions of the Act are effective for tax years beginning after December 31, 2025, and therefore did not affect the current quarter's financial results. The Company continues to evaluate the impact of the Act on its future tax positions.

Cite this change

"The Company updated its estimated annual effective tax rate to reflect the impact of the new legislation for interim reporting purposes."

Entegris, Form 10-Q for FY2025, Part I, Item 2, accession 0001101302-25-000103, filed 30 October 2025.

Filing: https://www.sec.gov/Archives/edgar/data/1101302/000110130225000103/entg-20250927.htm

Comparison: https://yearover.com/reports/entg/0001101302-25-000103?ref=quote

Show all 13 in Part I, Item 2 (5 more, in filing order)

What the company no longer says

Paragraphs of the prior filing that this filing dropped. Only last year's text can show these.

21 material removals

Part I, Item 2 · MD&A

5 of 21 shown · Ordered by the model, quote-checked

01RemovedPart I, Item 2 › Debt

Summary · quote-checked

The current report removes disclosure of the Third Amendment, refinanced term loans, amended interest margins, and the $354.5 million payment.

The removed paragraph describes a specific debt refinancing, changed borrowing costs, and a substantial payment, altering disclosed financing obligations and terms.

Why the model ranked it here

The removed disclosure described a major refinancing, changed borrowing terms, and a substantial debt payment, directly altering the reported financing obligations.

Filing text · FY2024 10-Q · filed Nov 4, 2024

[removed] On March 28, 2024, the Company amended its Existing Credit Agreement. The Third Amendment provides for, among other things, the refinancing of the Company's outstanding term loans B under the Term Loan Facility in an aggregate principal amount of $955.0 million with a new tranche of term loans B in an aggregate principal amount of $955.0 million. The amended loans bear interest at a rate per annum equal to, at the Company's option, either (i) the SOFR plus an applicable margin of 1.75%, which is a reduction from the applicable margin of 2.50% prior to the amendment, or (ii) a base rate plus an applicable margin of 0.75%, which is a reduction from the applicable margin of 1.50% prior to the amendment. In connection with the Third Amendment, the Company made a payment of $354.5 million on the term loans B. See Note 7 to our condensed consolidated financial statements for further discussion.

Filing text · FY2025 10-Q · filed Oct 30, 2025

No corresponding language in the FY2025 10-Q.

Cite this change

"On March 28, 2024, the Company amended its Existing Credit Agreement. The Third Amendment provides for, among other things, the refinancing of the Company's outstanding term loans B under the Term Loan Facility in an aggregate principal amount of $955.0 million with a new tranche of term loans B in an aggregate principal amount of $955.0 million. The amended loans bear interest at a rate per annum equal to, at the Company's option, either (i) the SOFR plus an applicable margin of 1.75%, which is a reduction from the applicable margin of 2.50% prior to the amendment, or (ii) a base rate plus an applicable margin of 0.75%, which is a reduction from the applicable margin of 1.50% prior to the amendment. In connection with the Third Amendment, the Company made a payment of $354.5 million on the term loans B. See Note 7 to our condensed consolidated financial statements for further discussion."

Entegris, Form 10-Q for FY2024, Part I, Item 2, accession 0001101302-24-000074, filed 4 November 2024.

Filing: https://www.sec.gov/Archives/edgar/data/1101302/000110130224000074/entg-20240928.htm

Comparison: https://yearover.com/reports/entg/0001101302-25-000103?ref=quote

02RemovedPart I, Item 2 › Impact of Conflict Between Israel and Hamas

Summary · quote-checked

Removed disclosure about Middle East conflicts, related market and supply-chain disruptions, and potential effects on the company and global economy.

The removed paragraph disclosed geopolitical risks, regional revenue exposure, disruptions, and possible effects on supply chains, pricing, logistics, and the business; its removal changes disclosed risk substance.

Why the model ranked it here

The removal changes the company’s disclosed exposure to geopolitical conflicts and potential effects on supply chains, logistics, pricing, and operations.

Filing text · FY2024 10-Q · filed Nov 4, 2024

[removed] The military conflict between Israel and militant groups led by Hamas and other tensions and conflicts in the Middle East have caused uncertainty in the global markets, including, but not limited to, disruptions to shipping routes and risks of further escalations. Revenue relating to products manufactured from raw materials or components sourced from or through this region does not constitute a material portion of our business and historically we have not had significant revenue in this region. There continues to be uncertainty regarding the ultimate impact these conflicts may have on the global economy, supply chains, logistics, fuel prices, raw material pricing and our business.

Filing text · FY2025 10-Q · filed Oct 30, 2025

No corresponding language in the FY2025 10-Q.

Cite this change

"The military conflict between Israel and militant groups led by Hamas and other tensions and conflicts in the Middle East have caused uncertainty in the global markets, including, but not limited to, disruptions to shipping routes and risks of further escalations. Revenue relating to products manufactured from raw materials or components sourced from or through this region does not constitute a material portion of our business and historically we have not had significant revenue in this region. There continues to be uncertainty regarding the ultimate impact these conflicts may have on the global economy, supply chains, logistics, fuel prices, raw material pricing and our business."

Entegris, Form 10-Q for FY2024, Part I, Item 2, accession 0001101302-24-000074, filed 4 November 2024.

Filing: https://www.sec.gov/Archives/edgar/data/1101302/000110130224000074/entg-20240928.htm

Comparison: https://yearover.com/reports/entg/0001101302-25-000103?ref=quote

03RemovedPart I, Item 2 › Recent Events

Summary · quote-checked

Removed disclosure of a non-binding memorandum providing for up to $75 million in proposed CHIPS Act funding for a Colorado facility.

The removed paragraph disclosed a proposed funding arrangement, government involvement, and planned facility development, changing the company’s stated funding and expansion disclosures.

Why the model ranked it here

The removed disclosure eliminates the company’s stated government funding arrangement and planned facility development, changing its disclosed expansion and funding plans.

Filing text · FY2024 10-Q · filed Nov 4, 2024

[removed] On June 26, 2024, the Company and the U.S. Department of Commerce announced entry into a non-binding Preliminary Memorandum of Terms, which provides for up to $75 million in proposed direct funding to the Company under the CHIPS and Science Act of 2022. This funding would support the development of a facility in Colorado Springs, Colorado, which will support the Company's AMH and MC divisions.

Filing text · FY2025 10-Q · filed Oct 30, 2025

No corresponding language in the FY2025 10-Q.

Cite this change

"On June 26, 2024, the Company and the U.S. Department of Commerce announced entry into a non-binding Preliminary Memorandum of Terms, which provides for up to $75 million in proposed direct funding to the Company under the CHIPS and Science Act of 2022. This funding would support the development of a facility in Colorado Springs, Colorado, which will support the Company's AMH and MC divisions."

Entegris, Form 10-Q for FY2024, Part I, Item 2, accession 0001101302-24-000074, filed 4 November 2024.

Filing: https://www.sec.gov/Archives/edgar/data/1101302/000110130224000074/entg-20240928.htm

Comparison: https://yearover.com/reports/entg/0001101302-25-000103?ref=quote

04RemovedPart I, Item 2 › Three and Nine Months Ended September 28, 2024 Compared to Three and Nine Months Ended September 30, 2023

Summary · quote-checked

The disclosure of goodwill impairment charges recorded in the prior-year periods was removed.

The removed paragraph disclosed a specific impairment event and associated charges, changing the substance of the reported financial-condition discussion.

Why the model ranked it here

The removal obscures a material goodwill impairment event that had previously informed readers about a deterioration in reported financial condition.

Filing text · FY2024 10-Q · filed Nov 4, 2024

[removed] Goodwill impairment The Company recorded a goodwill impairment charge of $15.9 million and $104.8 million in the three and nine months ended September 30, 2023, respectively. See Note 3 to our condensed consolidated financial statements for further discussion.

Filing text · FY2025 10-Q · filed Oct 30, 2025

No corresponding language in the FY2025 10-Q.

Cite this change

"Goodwill impairment The Company recorded a goodwill impairment charge of $15.9 million and $104.8 million in the three and nine months ended September 30, 2023, respectively."

Entegris, Form 10-Q for FY2024, Part I, Item 2, accession 0001101302-24-000074, filed 4 November 2024.

Filing: https://www.sec.gov/Archives/edgar/data/1101302/000110130224000074/entg-20240928.htm

Comparison: https://yearover.com/reports/entg/0001101302-25-000103?ref=quote

05RemovedPart I, Item 2 › Microcontamination Control (MC)

Summary · quote-checked

The current report removes the MC segment’s sales, profit, year-over-year comparison, and stated causes of the profit decrease.

Removing a results narrative eliminates substantive disclosure about segment performance and its drivers; this is not a date or comparison-period roll-forward.

Why the model ranked it here

The removed discussion eliminates the segment’s reported profitability trend and the stated reasons for its deterioration, reducing visibility into operating performance.

Filing text · FY2024 10-Q · filed Nov 4, 2024

For the third quarter of 2024, MC net sales increased to $287.0 million compared to $286.2 million in the comparable period last year. The sales increase was mainly due to increased sales primarily from gas purification products, partially offset by [removed] lower sales of our liquid filtration products. MC reported a segment profit of $96.7 million in the third quarter of 2024, down 4% from $101.1 million in the year-ago period. The segment profit decrease was primarily due to higher ER&D costs and increased costs associated with the ramp up of our new facility in Taiwan.

Filing text · FY2025 10-Q · filed Oct 30, 2025

No corresponding language in the FY2025 10-Q.

Cite this change

"MC reported a segment profit of $96.7 million in the third quarter of 2024, down 4% from $101.1 million in the year-ago period."

Entegris, Form 10-Q for FY2024, Part I, Item 2, accession 0001101302-24-000074, filed 4 November 2024.

Filing: https://www.sec.gov/Archives/edgar/data/1101302/000110130224000074/entg-20240928.htm

Comparison: https://yearover.com/reports/entg/0001101302-25-000103?ref=quote

Show all 21 in Part I, Item 2 (16 more, in filing order)

What the company says differently

Paragraphs that changed between the two filings, shown as a word diff.

50 material changes

Part I, Item 2 · MD&A

5 of 50 shown · Ordered by the model, quote-checked

01ChangedPart I, Item 2 › Debt

Summary · quote-checked

The disclosure now specifies facility margins and reports substantially different borrowing activity, while the reporting dates roll forward.

Specified interest margins add contractual detail, and the borrowing-and-repayment amount changes from $30.0 million to $532 million, altering the stated debt-facility activity.

Why the model ranked it here

The disclosure changes both the contractual borrowing terms and the scale of revolving-facility activity, materially altering the company’s stated financing exposure.

Filing text · FY2024 10-Q · filed Nov 4, 2024

~~[removed] The Company has commitments under our~~ senior secured revolving credit facility due 2027 (the "Revolving Facility") ~~[removed] of $575.0 million. The Revolving Facility~~ bears interest at a rate per annum equal to, at the Company's option, either ~~[removed] a base rate (such as prime rate) or SOFR, plus, in each case,~~ an applicable ~~[removed] margin.~~ During the nine months ended September ~~[removed] 28, 2024,~~ the Company borrowed and repaid ~~[removed] $30.0~~ million under this Revolving Facility and no balance was outstanding at September ~~[removed] 28, 2024.~~

Filing text · FY2025 10-Q · filed Oct 30, 2025

[added] (2) Our senior secured revolving credit facility due 2027 (the "Revolving Facility") bears interest at a rate per annum equal to, at the Company's option, either [added] (i) SOFR, plus an applicable margin of 1.75% or (ii) a base rate plus an applicable [added] margin of 0.75%. The Revolving Facility has commitments of $575.0 million. During the nine months ended September [added] 27, 2025, the Company borrowed and repaid [added] $532 million under this Revolving Facility and no balance was outstanding at September [added] 27, 2025.

Cite this change

"Our senior secured revolving credit facility due 2027 (the "Revolving Facility") bears interest at a rate per annum equal to, at the Company's option, either (i) SOFR, plus an applicable margin of 1.75% or (ii) a base rate plus an applicable margin of 0.75%. The Revolving Facility has commitments of $575.0 million. During the nine months ended September 27, 2025, the Company borrowed and repaid $532 million under this Revolving Facility and no balance was outstanding at September 27, 2025."

Entegris, Form 10-Q for FY2025, Part I, Item 2, accession 0001101302-25-000103, filed 30 October 2025.

Filing: https://www.sec.gov/Archives/edgar/data/1101302/000110130225000103/entg-20250927.htm

Comparison: https://yearover.com/reports/entg/0001101302-25-000103?ref=quote

02ChangedPart I, Item 2 › Debt

Summary · quote-checked

Debt repayments changed from $473.8 million net of borrowings to $150 million, alongside the annual reporting-period update.

Although the periods roll forward, the repayment amount and whether it is stated net of borrowings changed, altering the disclosed debt activity and liquidity implication.

Why the model ranked it here

The change in term-loan repayment activity materially alters the company’s disclosed debt reduction and liquidity profile.

Filing text · FY2024 10-Q · filed Nov 4, 2024

During the nine months ended September ~~[removed] 28, 2024,~~ the Company repaid ~~[removed] $473.8 million, net of borrowings~~ under the term loans B under the Term Loan Facility.

Filing text · FY2025 10-Q · filed Oct 30, 2025

During the nine months ended September [added] 27, 2025, the Company repaid [added] $150 million under the term loans B under the Term Loan Facility.

Cite this change

"During the nine months ended September 27, 2025, the Company repaid $150 million under the term loans B under the Term Loan Facility."

Entegris, Form 10-Q for FY2025, Part I, Item 2, accession 0001101302-25-000103, filed 30 October 2025.

Filing: https://www.sec.gov/Archives/edgar/data/1101302/000110130225000103/entg-20250927.htm

Comparison: https://yearover.com/reports/entg/0001101302-25-000103?ref=quote

03ChangedPart I, Item 2 › Debt

Summary · quote-checked

The debt table rolls forward and reports lower total debt and term-loan balances, with a changed term-loan rate and added footnote references.

Although dates and units roll forward, debt balances and the term-loan rate changed, altering the stated borrowing obligation and exposure.

Why the model ranked it here

The updated debt balances and borrowing rate change the stated size and cost of the company’s debt obligations.

Filing text · FY2024 10-Q · filed Nov 4, 2024

Filing text · FY2025 10-Q · filed Oct 30, 2025

|(In millions) | September 27, 2025 | December 31, 2024Senior secured term loans B due 2029 at 5.01% (1) | $ | 600.0 | $ | 750.0Senior secured notes due 2029 at 4.75% | 1,600.0 | 1,600.0Senior unsecured notes due 2030 at 5.95% | 895.0 | 895.0Senior unsecured notes due 2029 at 3.625% | 400.0 | 400.0Senior unsecured notes due 2028 at 4.375% | 400.0 | 400.0Revolving facility due 2027 (2) | - | -Total debt (par value) | $ | 3,895.0 | $ | 4,045.0

Cite this change

"Total debt (par value) | $ | 3,895.0 | $ | 4,045.0"

Entegris, Form 10-Q for FY2025, Part I, Item 2, accession 0001101302-25-000103, filed 30 October 2025.

Filing: https://www.sec.gov/Archives/edgar/data/1101302/000110130225000103/entg-20250927.htm

Comparison: https://yearover.com/reports/entg/0001101302-25-000103?ref=quote

04ChangedPart I, Item 2 › Cash and cash equivalents and cash requirements

Summary · quote-checked

The disclosure no longer reports $473.8 million in principal repayments on the Term Loan Facility as an exception to ordinary-course cash requirements.

Removing the repayment disclosure changes the stated cash requirements and omits a specific debt-related cash outflow, which is substantive under the figures and obligations rules.

Why the model ranked it here

Removing the previously disclosed term-loan repayment from cash requirements changes the reader’s view of the company’s material financing needs.

Filing text · FY2024 10-Q · filed Nov 4, 2024

There were no material changes to the cash requirements from our Annual Report that were outside the ordinary course of ~~[removed] business, except for the principal repayments of $473.8 million made on the Term Loan Facility as discussed above.~~

Filing text · FY2025 10-Q · filed Oct 30, 2025

There were no material changes to the cash requirements from our Annual Report that were outside the ordinary course of [added] business.

Cite this change

"There were no material changes to the cash requirements from our Annual Report that were outside the ordinary course of business."

Entegris, Form 10-Q for FY2025, Part I, Item 2, accession 0001101302-25-000103, filed 30 October 2025.

Filing: https://www.sec.gov/Archives/edgar/data/1101302/000110130225000103/entg-20250927.htm

Comparison: https://yearover.com/reports/entg/0001101302-25-000103?ref=quote

05ChangedPart I, Item 2 › One Big Beautiful Bill Act

Summary · quote-checked

The MD&A changed from an increase in Non-GAAP EPS driven by lower interest expense to a decrease driven by lower gross profit.

The stated direction of EPS changed, and the reported drivers changed from interest expense and sales-related factors to gross profit, making the results narrative substantively different.

Why the model ranked it here

The reversal in Non-GAAP EPS performance and its stated drivers materially changes the earnings narrative.

Filing text · FY2024 10-Q · filed Nov 4, 2024

The decrease in Adjusted Operating Income and Adjusted EBITDA for the ~~[removed] three months ended September 28, 2024 compared to the year-ago period is generally attributable to higher ER&D expenses. The decrease in Adjusted Operating Income and Adjusted EBITDA for the~~ nine months ended September ~~[removed] 28, 2024~~ compared to the year-ago period is generally attributable to ~~[removed] the decreases in sales and higher ER&D expenses, partially offset by lower SG&A expenses. The increase~~ in Non-GAAP EPS for the ~~[removed] three~~ months ended September ~~[removed] 28, 2024~~ compared to the year-ago period is primarily attributable to lower ~~[removed] interest expense,~~ partially offset by ~~[removed] higher ER&D expenses. The increase in Non-GAAP EPS for the nine months ended September 28, 2024 compared to the year-ago period is primarily attributable to~~ lower interest ~~[removed] expense and SG&A expenses, partially offset by a decrease in sales and higher ER&D expenses.~~

Filing text · FY2025 10-Q · filed Oct 30, 2025

The decrease in Adjusted Operating Income and Adjusted EBITDA for the nine months ended September [added] 27, 2025 compared to the year-ago period is generally attributable to [added] lower gross profit. The decrease in Non-GAAP EPS for the [added] nine months ended September [added] 27, 2025 compared to the year-ago period is primarily attributable to lower [added] gross profit, partially offset by lower interest [added] expense.

Cite this change

"The decrease in Non-GAAP EPS for the nine months ended September 27, 2025 compared to the year-ago period is primarily attributable to lower gross profit, partially offset by lower interest expense."

Entegris, Form 10-Q for FY2025, Part I, Item 2, accession 0001101302-25-000103, filed 30 October 2025.

Filing: https://www.sec.gov/Archives/edgar/data/1101302/000110130225000103/entg-20250927.htm

Comparison: https://yearover.com/reports/entg/0001101302-25-000103?ref=quote

Show all 50 in Part I, Item 2 (45 more, in filing order)

What the company reported as changed this quarter

We have not parsed the annual report this quarter's risk factors refers to, so we cannot tell whether it restates the section or reports changes to it. Nothing is compared until we can.

Part II, Item 1A · Risk Factors

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