Core Viewpoint - Wall Street anticipates a year-over-year increase in earnings for Materion (MTRN) due to higher revenues, with a focus on how actual results will compare to estimates [1][2] Earnings Expectations - Materion is expected to report quarterly earnings of $1.43 per share, reflecting a +1.4% change year-over-year, with revenues projected at $430.95 million, up 2.4% from the previous year [3] Estimate Revisions - The consensus EPS estimate has been revised down by 8.09% over the last 30 days, indicating a reassessment by analysts [4] Earnings Surprise Prediction - The Zacks Earnings ESP model suggests that the Most Accurate Estimate for Materion is higher than the consensus estimate, resulting in an Earnings ESP of +0.35% [10][11] Historical Performance - In the last reported quarter, Materion met the expected earnings of $1.41 per share, with a history of beating consensus EPS estimates two out of the last four quarters [12][13] Investment Considerations - Despite a positive Earnings ESP, Materion's Zacks Rank is 4, making it challenging to predict an earnings beat conclusively [11][16]

Financial Data and Key Metrics Changes - Sales for Q3 2024 were $263.8 million, down 2% year-over-year, primarily due to general market softness and lower precision Clad Strip sales [15][6] - Adjusted earnings per share for the quarter were $1.41, a decrease of 7% from the prior year [15] - Adjusted EBITDA was $56.7 million, representing 21.5% of value-added sales, up 2% with a 100 basis points margin expansion from the prior year [15][16] Business Line Data and Key Metrics Changes - Performance Materials segment had value-added sales of $163.6 million, down 3% year-over-year, with EBITDA of $46.5 million or 28.4% of value-added sales, flat compared to the prior year [16] - Electronic Materials segment reported value-added sales of $77.8 million, a 3% increase year-on-year, with EBITDA of $15.6 million or 20.1% of value-added sales, up 290 basis points [18] - Precision Optics segment saw value-added sales of $22.4 million, down 14% year-over-year, with EBITDA of $0.5 million or 2.2% of value-added sales [19] Market Data and Key Metrics Changes - Continued strength in the space and defense markets offset the impact of softness in airplane builds, leading to the 14th consecutive quarter of growth in overall demand for aerospace and defense [9] - The semiconductor recovery is slower than anticipated, but there was year-over-year growth in overall semiconductor sales for the second consecutive quarter [8] Company Strategy and Development Direction - The company is focusing on aligning its portfolio with global mega trends, optimizing its footprint, and improving cost structure [7][12] - Materion announced the sale of a facility in Albuquerque, New Mexico, to eliminate underperforming non-core businesses, which is expected to improve the performance of its electronic materials business [11][24] - The company is investing in R&D at an all-time high to support next-generation products and solutions [12] Management's Comments on Operating Environment and Future Outlook - Management expects sequential improvement in sales and profitability despite soft end-market conditions, aiming for a solid 2024 [14] - The defense business has been growing due to geopolitical issues, with bookings for defense in the first half of the year at levels comparable to the entire previous year [29] - The company anticipates a stronger top and bottom line in Q4, driven by higher volumes and benefits from cost and portfolio actions [21] Other Important Information - The company ended the quarter with a net debt position of approximately $477 million and $127 million of available capacity on its credit facility [20] - Full-year adjusted earnings are expected to be in the range of $5.20 to $5.40 per share [21] Q&A Session Summary Question: Can you discuss the portfolio optimization actions and potential savings? - Management indicated that the divestiture of the Albuquerque facility would eliminate $10 million in annual sales but was not profitable, leading to improved margins in electronic materials [24][25] Question: What is the outlook for the defense business given recent military needs? - The defense market has been stronger this year, with increased bookings and opportunities outside the U.S. contributing to growth [29] Question: What is the current status of the semiconductor market? - The semiconductor market remains challenging, with expectations for flattish growth in Q4 and potential improvement in the back half of 2025 [33] Question: Are there any other non-core businesses being considered for divestiture? - Management expressed satisfaction with the current portfolio but remains open to minor changes if necessary [37] Question: What are the expectations for the beryllium nickel business as destocking subsides? - Initial indications suggest improved sales for beryllium nickel in Q4, with favorable forecasts for 2025 [44] Question: How are expansion projects in electronic materials progressing? - Expansion projects in Milwaukee and Newton are on track, aimed at supporting future growth in the electronic materials market [46] Question: What are the updated margin targets for 2025? - Management aims to maintain adjusted EBITDA margins above 20% consistently, with ongoing efforts to improve performance [47] Question: How is the company broadening its customer base in the space business? - The company is focusing on both government and commercial space markets, with a strong pipeline of new programs [48]

Materion (MTRN) came out with quarterly earnings of $1.41 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $1.39 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this supplier of engineered materials to technology companies would post earnings of $1.41 per share when it actually produced earnings of $1.42, delivering a surprise of 0.71%. Over the last four quarters, the company has surpassed consensus EPS estimate ...

October 30, 2024 Materion Corporation Reports Third Quarter 2024 Financial Results MAYFIELD HEIGHTS, Ohio – October 30, 2024 - Materion Corporation (NYSE: MTRN) today reported third quarter 2024 financial results. Financial Summary • Net sales were $436.7 million; value-added sales were $263.8 million • Net income was $22.3 million, or $1.07 per share, diluted; adjusted earnings of $1.41 per share • Operating profit of $31.3 million; record third quarter adjusted EBITDA of $56.7 million versus $55.4 million ...

Materion (MTRN, Financial) has seen its stock price move recently due to a revised profitability outlook for 2024. The company lowered its guidance, causing investor sentiment to shift significantly. Presently, the stock is valued at $105.35, reflecting a 4.9% change in its valuation. The downward revision in Materion's (MTRN, Financial) adjusted EPS guidance, now projected between $5.20 to $5.40, is a central factor in the stock's recent dip. This adjustment comes amidst a slower-than-anticipated order int ...

Lower-than-expected profitability in 2024 isn't the only reason investors are avoiding the stock this week. With orders coming in lower than expected, management for advanced materials company Materion (MTRN 4.55%) sees a less profitable 2024 than it had initially expected. As a result, the company downwardly revised its 2024 guidance, motivating investors to trim -- or exit completely -- their positions. Adding to investors' concerns, an analyst provided a more bearish outlook on Materion stock during the ...

Materion (MTRN) shares ended the last trading session 3.5% higher at $100.43. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 9.6% loss over the past four weeks. An analyst at Seaport Global Securities maintained a Buy rating on the MTRN stock despite lowering its target price from $150.00 to $135.00. Materion has recently revised its earnings per share forecast for 2024 to a range of $5.20-5.40 due to lowerthan-ex ...

| --- | --- | --- | --- | |-------------------------------|-------|-------|-------| | | | | | | Materion Corporation | | | | | | | | | | 2Q 2024 Earnings Presentation | | | | | August 5, 2024 | | | | | | | | | | | | | | | | | | | © 2024 Materion Corporation Agenda Introduction Kyle Kelleher – Director, Investor Relations and Corporate FP&A Opening Remarks & Business Update Jugal Vijayvargiya – President and Chief Executive Officer Financial Review Shelly Chadwick – Vice President and Chief Financial Officer ...

Materion Corporation (NYSE:MTRN) Q2 2024 Earnings Conference Call August 6, 2024 9:00 AM ET Company Participants Kyle Kelleher - Manager, IR Jugal - President & CEO Shelly Chadwick - VP & CFO Conference Call Participants Daniel Moore - CJS Securities Michael Harrison - Seaport Research Partners David Silver - CL King Philip Gibbs - KeyBanc Capital Markets David Storms - Stonegate Operator Greetings. Welcome to the Materion Second Quarter 2024 Earnings Conference Call. [Operator Instructions] Please note, th ...

August 5, 2024 Materion Corporation Reports Record Second Quarter 2024 Financial Results MAYFIELD HEIGHTS, Ohio - August 5, 2024 - Materion Corporation (NYSE: MTRN) today reported record second quarter 2024 financial results and updated 2024 earnings guidance. Financial Summary • Net sales were $425.9 million; value-added sales were a second quarter record of $279.8 million, an increase of 4% year over year • Net income was $19.0 million, or $0.91 per share, diluted; adjusted earnings of $1.42 per share, an ...