earnings
confidence high
sentiment positive
materiality 0.75
Materion Q2 record: adj. EPS $1.28 (+41%), adj. EBITDA $47M (+44%); affirms FY22 EPS $5.50-$5.90
MATERION Corp
2022-Q2 EPS reported
$1.80
revenue$894,340,000
- Net sales $445.3M; value-added sales record $277.2M (+33% YoY).
- GAAP EPS $1.12; adjusted EPS $1.28, an all-time record, up 41% YoY.
- Adjusted EBITDA record $47.0M, up 44% with 120 bps margin expansion.
- Organic value-added sales +12% excluding HCS acquisition; semiconductor, industrial, aerospace, energy strong.
- New advanced chemicals facility; leading EV customer funding $6M prototype line; Kairos molten salt plant commissioned.