earnings
confidence high
sentiment positive
materiality 0.85
Materion Q2 net sales $371M, adjusted EPS $0.86 vs $0.45 YoY; raises FY guidance to $3.25-$3.45
MATERION Corp
2021-Q2 EPS reported
$1.68
revenue$5,887,000
- Net sales $371.0M, up from $271.5M; value-added sales record $207.9M (+31% YoY).
- Adjusted EBIT $22.1M (10.6% of value-added sales), up 73% YoY with 260 bps margin expansion.
- Adjusted EPS $0.86, up 91% YoY from $0.45; GAAP EPS $0.87.
- Full-year 2021 adjusted EPS guidance raised to $3.25-$3.45, representing 65% increase at midpoint.
- Q3 2021 adjusted EPS guidance $0.80-$0.84, up 64% YoY at midpoint.