Okay, very good. And last one from me, and I'll apologize in advance if I misquote Jugal on this, but the topic would be your expansions on the electronic material side at Newton and Milwaukee. But one or two quarters ago, I believe Jugal, you talked about, I asked you about the timing of completion, has it changed or whatnot? And again, I'm paraphrasing, but I believe you said, well, the slowdown in electronic materials demand that was happening then you thought it would jibe very nicely with your planned ...

© 2024 Materion Corporation Introduction Opening Remarks & Business Update Jugal Vijayvargiya – President and Chief Executive Officer Q&A Question and Answer Session © 2024 Materion Corporation 3 Information The Company does not undertake and specifically declines any obligation to update or publicly release the results of any revisions to these forward-looking statements that may be made to reflect any future events or circumstances after the date of such statements or to reflect the occurrence of anticipa ...

Materion (MTRN) came out with quarterly earnings of $0.96 per share, missing the Zacks Consensus Estimate of $0.98 per share. This compares to earnings of $1.34 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -2.04%. A quarter ago, it was expected that this supplier of engineered materials to technology companies would post earnings of $1.38 per share when it actually produced earnings of $1.41, delivering a surprise of 2.17%. ...

Materion Corporation Reports First Quarter 2024 Financial Results MAYFIELD HEIGHTS, Ohio - May 1, 2024 - Materion Corporation (NYSE: MTRN) today reported first quarter 2024 financial results and provided an update to 2024 earnings guidance. Financial Summary • Net sales were $385.3 million; value-added sales1 were $257.8 million • Net income was $13.4 million, or $0.64 per share, diluted, and adjusted earnings of $0.96 per share • Full year adjusted earnings outlook updated to $5.60-$6.20 per share, a 5% in ...

Wall Street expects a year-over-year decline in earnings on lower revenues when Materion (MTRN) reports results for the quarter ended March 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, if they miss, the stock may move lo ...

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 Registrant's telephone number, including area code 216-486-4200 For the Fiscal Year Ended December 31, 2023 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 1-1 ...

Financial Data and Key Metrics - EBITDA excluding special items was $3.8 million, or 14.7% of value-added sales, with a year-over-year decline driven by volume decrease, partially offset by positive price mix and cost improvement initiatives [1] - Adjusted EBITDA for the year was $217.7 million, or 19.3% of value-added sales, up 11% from the prior year, with margin expansion of 170 basis points [140] - Adjusted earnings per share for the year were $5.64, up 7% compared to the prior year, despite a $0.40 interest expense headwind [98] - Net debt position at the end of the quarter was approximately $413 million, with $180 million of available capacity on the company's credit facility [35] Business Segment Performance - **Electronic Materials**: Value-added sales were $77.7 million, down 21% compared to the prior year due to significant weakness in the semiconductor market [21] - **Performance Materials**: Value-added sales were $186 million, up 5% compared to the prior year, driven by strength in aerospace and defense [146] - **Precision Optics**: Value-added sales were $26 million, down 6% compared to the prior year, mainly due to reduced PCR filter demand and softening in the consumer electronics market [139] Market Performance - **Semiconductor Market**: Experienced significant weakness, with three consecutive quarters of year-on-year declines, but order patterns are showing signs of stabilization [7][99] - **Aerospace and Defense**: Sales grew nearly 70% year-over-year, representing the 11th consecutive quarter of growth, driven by organic wins in space and defense [131] - **Industrial Market**: Remained challenged, with a significant inventory correction expected to carry through the year, particularly in non-residential construction [114][124] Strategic Initiatives and Industry Competition - The company is positioning itself as a trusted partner in high-growth markets, with new R&D partnerships driving innovation in key end markets [8] - Investments in atomic layer deposition (ALD) materials for advanced memory and AI applications are expected to support future growth [116][101] - The company secured a record $60 million in new defense orders in 2023, strengthening relationships with key partners [29] Management Commentary on Operating Environment and Future Outlook - Management expects semiconductor market weakness to persist through the first half of 2024, with a gradual recovery starting in the second half [99] - The company anticipates mid-single-digit growth for the full year, skewed towards the back half, driven by recovery in the semiconductor market and strength in aerospace and defense [23][148] - Management remains confident in achieving a 20% EBITDA margin on a more consistent basis in 2024 [24] Other Important Information - The company completed facility upgrades to support a $15 million customer-funded investment for critical materials in power generation, with shipments ahead of schedule [11] - A new $4 million award from a government agency was announced to fund additive manufacturing for advanced materials in aerospace, defense, and energy markets [27] Q&A Session Summary Question: Outlook for the semiconductor market and recovery timing - The semiconductor market is expected to bottom out in Q1 2024, with a slight recovery in Q2 and a more robust recovery in Q3 and Q4 [64][65] Question: Margin progression in the electronic materials business - Q4 margins were impacted by one-time items and unfavorable mix, but the company expects positive margin progression in 2024, with a return to Q2 and Q3 2023 levels [84] Question: Aerospace and defense market strength - The aerospace and defense market is expected to remain strong in 2024, with growth driven by commercial aerospace, defense, and the emerging space market [125] Question: Industrial market outlook - The industrial market is expected to remain challenged in 2024, with a significant inventory correction in non-residential construction impacting demand [124][195] Question: Share repurchase strategy - The company has an $8 million share repurchase authorization but is currently focused on organic growth investments rather than share buybacks [199] Question: Long-term growth opportunities in the semiconductor market - The company is well-positioned for long-term growth in the semiconductor market, with investments in ALD materials and advanced memory applications supporting future demand [101][143]

Kyle Kelleher - Manager, Investor Relations Jugal Vijayvargiya - President and Chief Executive Officer Shelly Chadwick - Vice President and Chief Financial Officer Operator Kyle Kelleher With me today is Jugal Vijayvargiya, President and Chief Executive Officer; and Shelly Chadwick, Vice President and Chief Financial Officer. Additionally, comments regarding earnings before interest, taxes, depreciation, depletion and amortization, net income and earnings per share, reflect the adjusted GAAP numbers shown i ...

Review Q&A MATERION the Company does not undertake and spectifically declines any obligation to update or publicly release the results of any revisions to these forward-looking statenents that to reflect any future events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events. For more information on Non-GAAP measures, please refer to the appendix. Record Earnings on Strong Operational Performance VA sales down 5% from prior year . Record adjus ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ____________________________________________ FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 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 001-15885 MATERION CORPORATION (Exact name of Registrant as specified in charter) Ohio 3 ...