Materion Corp

MTRN

Equity

ISIN US5766901012 / Valor 12356209

New York Stock Exchange, Inc (2024-12-26)

USD 102.34+1.13%

Materion Corp
UMushroom community rating:

0.00 0 votes No rating yet

NegativeNeutralPositive

About company

Materion Corp, formerly known as Brush Engineered Materials Inc, is a global company that specializes in advanced materials and services. The company has a long history dating back to the 1920s, when it was founded as Brush Laboratories by Charles Brush, Jr. and Dr. C. Baldwin Sawyer. Materion Corp has expanded its operations over the years, acquiring various businesses and establishing offices in key locations around the world. The company's products include beryllium metal, alloys, ceramics, and electronic packages, which have applications in industries such as aerospace, defense, electronics, and more. Materion Corp is publicly traded on the New York Stock Exchange under the symbol MTRN.

Summarized from source with an LLMView SourceSector: Finance

Record Net Sales

Materion Corp reported record net sales of $425.9 million for the second quarter of 2024, compared to $398.6 million in the same period the previous year. This increase was primarily driven by strong performance in the aerospace and defense, semiconductor, and consumer electronics sectors.

Value-Added Sales Growth

Value-added sales for Materion Corp in Q2 2024 reached a record $279.8 million, marking a 4% increase year over year. This growth was attributed to higher volumes and improved operational performance across key market segments.

Net Income and Earnings Per Share

Materion Corp's net income for the second quarter of 2024 was $19.0 million, or $0.91 per diluted share. Adjusted earnings per share were $1.42, representing a 3% increase from the prior year and setting a new second-quarter record for the company.

Operating Profit and EBITDA

The company reported an operating profit of $32.1 million for Q2 2024. Additionally, Materion Corp achieved a record quarterly adjusted EBITDA of $57.8 million, up from $55.5 million in the previous year, driven by higher volume and strong cost management.

Updated Earnings Guidance

Despite a softer outlook for semiconductor, automotive, and industrial end-market demand, Materion Corp updated its full-year 2024 adjusted earnings per share guidance to a range of $5.60 to $5.90. This represents a 2% increase from the prior year at the midpoint, reflecting the company's confidence in delivering another year of record results.

Summarized from source with an LLMView Source

Key figures

-21.5%1Y

15.7%3Y

72.3%5Y

Performance

39.0%1Y

41.1%3Y

44.1%5Y

Volatility