Materion reports record Q3 adjusted EPS of $1.31; updates FY2022 guidance to $5.15-$5.25

MATERION Corp

2022-Q3 EPS reported $2.76 revenue$1,322,531,000

Q3 net sales $428.2M; value-added sales record $290.4M (+35% YoY).
Adjusted EPS $1.31 (record), up 14% YoY; GAAP EPS $0.96.
Adjusted EBITDA record $48.8M, up from $41.2M prior year.
Updated FY2022 adjusted EPS guidance to $5.15-$5.25 (~30% YoY increase).
Headwinds: unmitigated tantalum costs, weaker semiconductor mix, lower yields at Performance Materials.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

MATERION Corp reported third quarter of 2022 results: revenue $428.2 million, net income $20.0 million, or $0.96 per diluted share, EPS $0.96 per diluted share. Guidance lowered.

Period: third quarter of 2022
Revenue: $428.2 million
Net income: $20.0 million, or $0.96 per diluted share
EPS: $0.96 per diluted share
Guidance: lowered
Result: reported results

Exact text from the filing

Net sales for the third quarter of 2022 were $428.2 million, compared to $388.0 million in the prior year period.

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Source: SEC EDGAR

accession 0001104657-22-000154

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