Materion (MTRN)
Search documents
Materion (MTRN) - 2021 Q3 - Earnings Call Presentation
2021-11-02 14:40
| --- | --- | --- | --- | |-----------------------------|-------|-------|-------| | | | | | | | | | | | | | | | | Q3 2021 Earnings | | | | | | | | | | Investor Presentation | | | | | November 2, 2021 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | © 2021 Materion Corporation | | | | Agenda Introduction John Zaranec – Vice President, Corporate Controller and Investor Relations Opening Remarks & Business Update Jugal Vijayvargiya – President and Chief Executive Officer Financial Review Shelly Chad ...
Materion (MTRN) - 2021 Q2 - Earnings Call Transcript
2021-08-07 15:24
Financial Data and Key Metrics Changes - Materion Corporation reported record quarterly value-added sales of $207.9 million, a 31% increase from the prior year, driven by strong demand across several end markets [27][28] - Adjusted EBIT margin improved to 10.6%, up 260 basis points year-over-year, with adjusted earnings per share of $0.86, reflecting significant improvements over Q2 of last year [28][29] - Adjusted EBIT for the quarter was $22.1 million, up from $12.8 million last year [29] Business Segment Performance - Performance Alloys and Composites (PAC) segment achieved value-added sales of $108.6 million, a 21% increase year-over-year, with EBIT of $17.1 million, representing 15.7% of value-added sales [31] - Advanced Materials segment reported value-added sales of $66.9 million, up 28% from the prior year, with EBIT of $8.3 million and adjusted EBIT margins improving to 12.4% [33][35] - Precision Optics segment saw value-added sales of $32.6 million, an 83% increase compared to the prior year, with EBIT of $2.9 million, or 8.9% of value-added sales [36] Market Data and Key Metrics Changes - Strong demand was noted in semiconductor, automotive, industrial, and consumer electronics markets, contributing to the overall sales growth [27][28] - The aerospace and defense sectors showed early signs of recovery, with expectations for continued growth in the second half of 2021 [83][85] Company Strategy and Development Direction - The company is focusing on organic growth initiatives, including investments in R&D and new product development, to sustain above-market growth [12][14] - Materion is increasing investments in facilities and capabilities to support growth objectives, particularly in the space sector [14][15] - The company is raising its full-year guidance to $3.25 to $3.45 per share, reflecting confidence in sustaining momentum into the second half of 2021 [24][42] Management Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate raw material and labor cost pressures through a strong value-based pricing model [47][66] - The company anticipates continued strength in end markets and a robust organic pipeline, with expectations for adjusted earnings per share to increase significantly in Q3 and Q4 [42][43] Other Important Information - Materion's net debt position at the end of Q2 2021 was $34.9 million, with approximately $273 million available on the credit facility, indicating a strong balance sheet [38] - The company is maintaining a disciplined approach to capital allocation, focusing on organic growth and strategic acquisitions [39][41] Q&A Session Summary Question: Can you expand on pricing initiatives to offset raw material pressures? - Management emphasized the importance of a strong value-based pricing model to address raw material and labor cost increases, ensuring alignment with customer expectations [47][50] Question: Are you taking market share or benefiting from economic recovery? - Management indicated that both factors are contributing to revenue performance, with new product introductions in emerging markets like EVs and 5G aiding market position [52] Question: What is the timeline for the new clad strip facility? - The facility is nearing completion, with a validation phase expected to occur through the end of the year, followed by a ramp-up in the first half of 2022 [64] Question: How do you see pricing opportunities in the current inflationary environment? - Management expects pricing to remain a critical factor in Q3 and Q4, with ongoing adjustments to account for rising input costs [66] Question: What is the expected contribution from the space sector? - The space sector is projected to contribute approximately $20 million to $25 million, with various products being developed for commercial and defense applications [79][81]
Materion (MTRN) - 2021 Q2 - Earnings Call Presentation
2021-08-03 15:24
| --- | --- | --- | --- | --- | --- | |--------------------------------------------------------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | August 3, 2021 Q2 2021 Earnings Investor Presentation | | | | | | | | | | | | | | | | | | | | Agenda Introduction Andrew Vento – Manager, Investor Relations and Corporate Development Opening Remarks & Business Update Jugal Vijayvargiya – President and Chief Executive Officer Financial Review Shelly Chadwick – Vice President and C ...
Materion (MTRN) - 2021 Q1 - Earnings Call Transcript
2021-05-02 13:23
Materion Corp (NYSE:MTRN) Q1 2021 Earnings Conference Call April 29, 2021 9:00 AM ET Company Participants Andrew Vento - Manager, Investor Relations & Corporate Development Jugal Vijayvargiya - CEO, President & Director Shelly Chadwick - VP, Finance & CFO Conference Call Participants Marco Rodriguez - Stonegate Capital Markets Michael Leshock - KeyBanc Capital Markets Operator Greetings and welcome to the Materion's First Quarter 2021 Earnings Conference Call. [Operator Instructions]. I would now like to tu ...
Materion (MTRN) - 2021 Q1 - Earnings Call Presentation
2021-04-30 15:22
| --- | --- | --- | --- | --- | --- | |----------------|-----------------------------------------|-------|-------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | April 29, 2021 | Q1 2021 Earnings Investor Presentation | | | | | | | | | | | | | | | | | | | Agenda Introduction Andrew Vento – Manager, Investor Relations and Corporate Development Opening Remarks & Business Update Jugal Vijayvargiya – President and Chief Executive Officer Financial Review Shelly Chadwick – Vice Preside ...
Materion (MTRN) - 2020 Q4 - Earnings Call Transcript
2021-02-18 21:46
Materion Corporation (NYSE:MTRN) Q4 2020 Earnings Conference Call February 18, 2021 9:00 AM ET Company Participants Steve Shamrock - VP, Corporate Controller and Investor Relations Jugal Vijayvargiya - President and Chief Executive Officer Shelly Chadwick - Vice President and Chief Financial Officer Conference Call Participants Marco Rodriguez - Stonegate Capital Markets Phil Gibbs - KeyBanc Capital Markets Justin Bergner - Gabelli & Company Operator Greetings, and welcome to the Materion Year-end 2020 Earn ...
Materion (MTRN) - 2020 Q4 - Annual Report
2021-02-18 17:10
For the Fiscal Year Ended December 31, 2020 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from to Commission File Number 1-15885 __________________________________ MATERION CORPORATION (Exact name of registrant as specified in its charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________ Form 10-K __________________________________ (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION ...
Materion (MTRN) - 2020 Q3 - Earnings Call Transcript
2020-10-22 20:52
Materion Corporation (NYSE:MTRN) Q3 2020 Earnings Conference Call October 22, 2020 9:00 AM ET Company Participants Steve Shamrock - Interim Chief Financial Officer Jugal Vijayvargiya - President and Chief Executive Officer Conference Call Participants Marco Rodriguez - Stonegate Capital Markets Phil Gibbs - KeyBanc Capital Markets Christopher Hillary - Roubaix Capital Operator Greetings and welcome to Materion Third Quarter 2020 Earnings Conference Call. At this time, all participants are in a listen-only m ...
Materion (MTRN) - 2019 Q4 - Annual Report
2020-02-13 20:34
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________ Form 10-K __________________________________ (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from to Commission File Number 1-15885 __________________________________ MATERION CORPORATION (Ex ...
Materion (MTRN) - 2018 Q4 - Annual Report
2019-02-14 22:05
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 __________________________________ Form 10-K __________________________________ (Mark One) ý ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2018 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from to Commission File Number 1-15885 __________________________________ MATERION CORPORATION (Ex ...