CMC Materials Inc

Cabot Microelectronics Corporation (Cabot Microelectronics Corp) is the supplier of polishing slurries and a CMP pad supplier used in the manufacture of advanced integrated circuit (IC) devices within the semiconductor industry, in a process called chemical mechanical planarization (CMP). CMP is a polishing process used by IC device manufacturers to planarize or flatten many of the multiple layers of material that are deposited upon silicon wafers in the production of advanced ICs. The Company develops, produces, and sells CMP slurries for polishing many of the conducting and insulating materials used in IC devices, and also for polishing the disk substrates and magnetic heads used in hard disk drives. The Company also develops, manufacture, and sells CMP polishing pads, which are used in conjunction with slurries in the CMP process. CMC Materials is a supplier of high-performing and innovative solutions that solve their customers’ challenges.

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Aurora, IL, March 03, 2021 (GLOBE NEWSWIRE) -- CMC Materials, Inc. (Nasdaq: CCMP) today announced that its Board of Directors has declared a quarterly cash dividend of $0.46 per share ($1.84 per share on an annualized basis) on the company's common stock, an increase of approximately five percent over the most recent quarterly dividend, which was most recently paid on or about January 29, 2021. The dividend will be payable on or about April 23, 2021 to shareholders of record at the close of business on March 23, 2021.   The Board also authorized an increase in the company's existing share repurchase program to $150 million, from the approximately $27 million that was remaining as available as of December 31, 2020. Over the last 17 years, the company has distributed nearly $1 billion to its shareholders, approximately $470 million through share repurchase programs, approximately $170 million through quarterly cash dividends, and nearly $350 million in 2012 through a leveraged recapitalization with a special cash dividend. Future declarations and payments of dividends, and share repurchases are subject to the discretion and determination of the company's Board of Directors and management.  The company's Annual Meeting of Stockholders will be held at 8:00 a.m. Central Time (9:00 a.m. Eastern Time) on Wednesday, March 3, 2021, as a virtual meeting. To attend the virtual meeting, go to www.virtualshareholdermeeting.com/CCMP2021. A webcast replay of the Annual Meeting will be available until March 3, 2022.  ABOUT CMC MATERIALS, INC.  CMC Materials, Inc., headquartered in Aurora, Illinois, is a leading global supplier of consumable materials, primarily to semiconductor manufacturers.  The company's products play a critical role in the production of advanced semiconductor devices, helping to enable the manufacture of smaller, faster and more complex devices by its customers.  CMC Materials, Inc. is also a leading provider of performance materials to pipeline operators.  The company's mission is to create value by delivering high-performing and innovative solutions that solve its customers' challenges.  The company has approximately 2,100 employees globally. For more information about CMC Materials, Inc., visit www.cmcmaterials.com, or contact Colleen Mumford, Vice President, Communications and Marketing, at 630-499-2600. SAFE HARBOR STATEMENT This press release contains forward-looking statements, which address a variety of subjects including, for example, future sales and operating results; growth or contraction, and trends in the industries and markets in which the company participates such as the semiconductor, and oil and gas, industries; the acquisition of, investment in, or collaboration with other entities, including the company's acquisition of KMG, and the expected benefits and synergies of such acquisitions; divestment or disposition, or cessation of investment in certain, of the company's businesses; new product introductions; development of new products, technologies and markets; product performance; the financial conditions of the company's customers; the competitive landscape that relates to the company's business; the company's supply chain; natural disasters; various economic or political factors and international or national events, including related to global public health crises such as the COVID-19 pandemic, and the enactment of trade sanctions, tariffs, or other similar matters; the generation, protection and acquisition of intellectual property, and litigation related to such intellectual property or third party intellectual property; environmental, health and safety laws and regulations, and related compliance; the operation of facilities by the company; the company's management; foreign exchange fluctuation; the company's current or future tax rate, including the effects of changes to tax laws in the jurisdictions in which the company operates; cybersecurity threats; financing facilities and related debt, pay off or payment of principal and interest, and compliance with covenants and other terms; and, uses and investment of the company's cash balance, including dividends and share repurchases, which may be suspended, terminated or modified at any time for any reason by the company, based on a variety of factors. Statements that are not historical facts, including statements about CMC Materials' beliefs, plans and expectations, are forward-looking statements. Such statements are based on current expectations of CMC Materials' management and are subject to a number of factors and uncertainties, which could cause actual results to differ materially from those described in the forward-looking statements. For information about factors that could cause actual results to differ materially from those described in the forward-looking statements, please refer to CMC Materials' filings with the Securities and Exchange Commission (“SEC”), including the risk factors contained in CMC Materials' Annual Report on Form 10-K for the fiscal year ended September 30, 2020.  Except as required by law, CMC Materials undertakes no obligation to update forward-looking statements made by it to reflect new information, subsequent events or circumstances. Source:  CMC Materials

CMC Materials Increases Quarterly Cash Dividend and Authorized Share Repurchase Program

CMC Materials Inc (NASDAQ: CCMP) inked an agreement to acquire manufacturing & technical consulting services company International Test Solutions, Inc (ITS) for $125 million in cash. ITS will be a part of the company's Electronic Materials business segment.

CMC Materials To Acquire International Test Solutions For $125M

International Test Solutions is a leader of highly-engineered materials used to optimize semiconductor testing processes. International Test Solutions is a leader of highly-engineered materials used to optimize semiconductor testing processes.

CMC Materials to Acquire International Test Solutions

Aurora, IL , Feb. 18, 2021 (GLOBE NEWSWIRE) -- CMC Materials, Inc. (Nasdaq: CCMP) will hold its Annual Meeting of Stockholders on Wednesday, March 3, 2021, at 8:00 a.m. Central Time (9:00 a.m. ET), as a virtual meeting.

CMC Materials to Hold Virtual Annual Meeting of Stockholders on March 3, 2021

CMC Materials, Inc. (CCMP) CEO David Li on Q1 2021 Results - Earnings Call Transcript

Cabot (CCMP) delivered earnings and revenue surprises of 10.98% and 3.40%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

Cabot Microelectronics (CCMP) Q1 Earnings and Revenues Top Estimates

AURORA, Ill., Feb. 03, 2021 (GLOBE NEWSWIRE) -- CMC Materials, Inc. (Nasdaq: CCMP), a leading global supplier of consumable materials primarily to semiconductor manufacturers, today reported financial results for its first quarter of fiscal 2021, which ended December 31, 2020.

CMC Materials Reports Record Revenue for the First Quarter of Fiscal 2021 and Raises Full Year Guidance

Aurora, IL, Jan. 14, 2021 (GLOBE NEWSWIRE) -- CMC Materials (Nasdaq: CCMP), a leading global supplier of consumable materials to semiconductor manufacturers and pipeline companies, announced the timing of its earnings release and conference call information for the first quarter of fiscal year 2021, which ended December 31, 2020.

CMC Materials to Release Financial Results for First Quarter of Fiscal 2021 After Market Close on February 3, 2021

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CMC Materials, Inc. (CCMP) CEO David Li on Q4 2020 Results - Earnings Call Transcript

Cabot (CCMP) delivered earnings and revenue surprises of 13.29% and -3.23%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

Cabot Microelectronics (CCMP) Q4 Earnings Top Estimates

CMC Materials Reports Record Revenue and Record Diluted Earnings Per Share for the Full Fiscal Year 2020 and Financial Results for the Fourth Quarter of Fiscal 2020

CMC Materials (CCMP) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Why CMC Materials (CCMP) Might Surprise This Earnings Season

Cabot (CCMP) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Cabot Microelectronics (CCMP) Reports Next Week: Wall Street Expects Earnings Growth

Cabot (CCMP) possesses solid growth attributes, which could help it handily outperform the market.

Is Cabot (CCMP) a Solid Growth Stock? 3 Reasons to Think " Yes "

Cabot (CCMP) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Why the Earnings Surprise Streak Could Continue for Cabot (CCMP)

Aurora, IL, Oct. 20, 2020 (GLOBE NEWSWIRE) -- Cabot Microelectronics Corporation (Nasdaq: CCMP), a global supplier of consumable materials to semiconductor manufacturers and pipeline companies, has been named a main category winner of the 2020 Chicago Innovation Awards for the company's invention “Defective Nanoparticle Reduction in Chemical Mechanical Planarization.”

CMC Materials, Inc. Named 2020 Chicago Innovation Awards Recipient

3 Reasons Why Cabot (CCMP) Is a Great Growth Stock

Aurora, IL, Oct. 15, 2020 (GLOBE NEWSWIRE) -- CMC Materials (Nasdaq: CCMP), a leading global supplier of consumable materials to semiconductor manufacturers and pipeline companies, announced the timing of its earnings release and conference call information for the fourth quarter and full fiscal year 2020, which ended September 30, 2020.

CMC Materials to Release Financial Results for Fourth Quarter and Full Fiscal Year 2020 After Market Close on November 11, 2020

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New Brand Unites the Organization and Reinforces the Company’s Commitment to the Innovation of Critical, Enabling Materials for Its Customers New Brand Unites the Organization and Reinforces the Company’s Commitment to the Innovation of Critical, Enabling Materials for Its Customers

Cabot Microelectronics Corporation Announces It is Now CMC Materials, Inc. and Declares Quarterly Cash Dividend

Cabot (CCMP) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

What Makes Cabot (CCMP) a New Strong Buy Stock

Aurora, IL, Sept.  01, 2020  (GLOBE NEWSWIRE) -- Cabot Microelectronics Corporation (Nasdaq: CCMP), a leading global supplier of consumable materials to semiconductor manufacturers and pipeline companies, today announced its intent to change its name and visual identity in a comprehensive rebrand, effective October 1, 2020.

Cabot Microelectronics Corporation Announces Intent to Launch New Corporate Brand

Cabot (CCMP) could produce exceptional returns because of its solid growth attributes.

News for CMC Materials Inc Stock (CCMP)