earnings
confidence high
sentiment positive
materiality 0.90
Materion reports record Q1 2022; raises FY22 adjusted EPS guidance to $5.50-$5.90
MATERION Corp
2022-Q1 EPS reported
$0.68
revenue$449,045,000
- Net sales of $449.0M; value-added sales record $266.8M, up 34% YoY.
- Record adjusted EPS of $1.20 (diluted), up 38% YoY; adjusted EBITDA record $44.6M, up 49%.
- Raised FY22 adjusted EPS guidance to $5.50-$5.90 from prior range.
- Awarded ~$40M customer investment for precision clad strip expansion.