In an important executive shift, Entegris, Inc. (NASDAQ: ENTG) disclosed on Tuesday that Linda LaGorga will be departing from her role as Chief Financial Officer by mutual agreement, with her tenure concluding on February 28, 2026. Following her departure, Mike Sauer, who serves as the company's Vice President, Controller, and Chief Accounting Officer, will assume the role of Interim CFO starting March 1, 2026. Sauer will juggle these interim responsibilities concurrently with his ongoing duties within the organization.
To facilitate a seamless handover, LaGorga is set to remain with Entegris in an advisory capacity through May 15, 2026, ensuring continuity and support during the leadership transition.
Entegris President and Chief Executive Officer Dave Reeder publicly acknowledged LaGorga's contributions, highlighting her instrumental role in fortifying the company's long-term financial structure. Reeder extended his gratitude and best wishes for her future endeavors beyond Entegris.
Reflecting on her time with the company, LaGorga stated that her role as CFO was a privilege and expressed pride in what the team has achieved under her financial stewardship. She conveyed strong confidence in the team’s capability to leverage upcoming growth prospects effectively.
Regarding the interim appointment, Reeder characterized the company as "fortunate" to have Sauer step into the CFO position due to his substantial financial acumen, profound understanding of Entegris’ institutional framework, and pertinent knowledge of the semiconductor sector. Reeder emphasized that the finance department remains robust as the company undertakes a search for a permanent successor to the CFO role.
The company clarified that LaGorga’s decision to step down is independent of any disagreements with senior management or the board of directors concerning the firm’s operational strategies, financial outcomes, accounting methodologies, or disclosure protocols.
Financial Outlook Confirmation
Alongside the leadership announcement, Entegris reaffirmed its previously issued guidance for the fourth quarter of 2025, initially disclosed on October 30, 2025. The company expects quarterly sales revenue to range between $790 million and $830 million. This forecast sits modestly below Wall Street’s consensus estimate of $812 million.
Additionally, Entegris projects adjusted earnings per share (EPS) to be between 62 cents and 69 cents, which aligns broadly with the consensus estimate of 67 cents from market analysts. The expected adjusted EBITDA margin is estimated in the range of approximately 26.5% to 27.5%.
The firm plans to release its fourth-quarter earnings report on February 10, 2026, providing detailed financial results and insights into operational performance for the period.
Market Reaction and Stock Performance
Following the disclosure of the CFO transition and earnings guidance confirmation, Entegris shares experienced a decline on Tuesday, trading down by 1.30% at a price of $115.82 at the time of reporting. Despite this pullback, the stock remains near its 52-week high of $119.61, reflecting sustained investor interest in the company’s growth prospects and market position within the semiconductor materials sector.
Conclusion
Entegris is navigating a significant executive change with the upcoming CFO transition while maintaining steady financial guidance for the close of 2025. Confidence expressed by company leadership regarding interim management and the overall finance function demonstrates a strategic approach to minimize disruption during this period of change. Stakeholders will monitor the company's upcoming earnings release on February 10, 2026, for further clarity on performance and outlook.