earnings
confidence high
sentiment positive
materiality 0.85
Materion reports record Q3 adjusted EPS $1.10 (+120% YoY); raises FY2021 guidance to $3.73-$3.83
MATERION Corp
2021-Q3 EPS reported
$2.56
revenue$8,955,000
- Net sales $388M vs $287.2M prior year; value-added sales record $215.8M (+31%).
- Adjusted EBIT record $27.8M (12.9% of value-added sales); margin +430 bps.
- Adjusted EPS $1.10 (+120% from $0.50); Q4 guided $0.95-$1.05.
- Full-year adjusted EPS guidance raised to $3.73-$3.83 (86% increase).
- Closed transformative acquisition of HCS-Electronic Materials (tantalum/niobium) for semiconductor market.