Materion (US:MTRN)2025-10-29 14:00Financial Highlights - Value-added (VA) sales reached $263.9 million, showing a 1% year-over-year organic increase[9] - Adjusted EBITDA was $55.5 million, representing 21.0% of VA sales[9] - Adjusted EPS stood at $1.41, a 3% sequential increase[9] - The company is affirming full year adjusted EPS guidance of $5.30 - $5.70[23, 61] - The company expects to deliver 20%+ adjusted EBITDA margin for the full year[23] Segment Performance - Electronic Materials segment saw a 7% year-over-year organic increase in sales[13] - Electronic Materials achieved a record adjusted EBITDA margin of 27.1%[13] - Precision Optics experienced a 21% year-over-year increase in sales[13] - Precision Optics delivered ~1000 bps of margin improvement YoY; ~300 bps QoQ[13] - Performance Materials sales were limited by equipment downtime, costing approximately $10 million[13] Market Trends and Strategic Initiatives - Order rates increased sequentially across all three businesses, with double-digit growth[9] - Order rates up ~20% YTD in high growth markets[23] - The Board of Directors authorized a new $50 million stock repurchase program[9] - The company announced a supply agreement with Commonwealth Fusion Systems for fusion energy technology materials[9]