secwatch / observer
8-K filed February 16, 2023, 6:59 PM ET ticker MTRN CIK 0001104657
earnings confidence high sentiment positive materiality 0.85

Materion reports record Q4 and FY2022; adj. EPS up 32% YoY; guides FY2023 adj. EPS $5.50-$5.90

MATERION Corp

2022-FY EPS reported $4.14 revenue$1,757,109,000

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MATERION Corp reported full year 2023 results: EPS $5.50 to $5.90 for full year 2023 adjusted earnings per share. Guidance initiated.

Period
full year 2023
EPS
$5.50 to $5.90 for full year 2023 adjusted earnings per share
Guidance
initiated
Result
guidance update
Exact text from the filing
we are guiding to the range of $5.50 to $5.90 for full year 2023 adjusted earnings per share, an increase of 8% at the midpoint versus the prior year
View on SEC.gov
Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MATERION Corp reported Fourth Quarter 2022 results: revenue $434.6 million, net income $28.8 million, or $1.38 per diluted share, EPS $1.38 per share, diluted; adjusted earnings per share of $1.49.

Period
Fourth Quarter 2022
Revenue
$434.6 million
Net income
$28.8 million, or $1.38 per diluted share
EPS
$1.38 per share, diluted; adjusted earnings per share of $1.49
Result
reported results
Exact text from the filing
quarter and full-year 2022 financial results, provided 2023 earnings guidance, and shared an update on key strategic initiatives. Fourth Quarter 2022 Highlights • Net sales were $434.6 million; value-added sales 1 increased 30% year over year to a record $309.2 million • Operating profit was $39.2 million; adjusted earnings before interest, taxes, depreciation,
View on SEC.gov
Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MATERION Corp reported Full Year 2022 results: revenue $1.76 billion, net income $86.0 million, or $4.14 per diluted share, EPS $4.14 per share, diluted; record adjusted earnings per share of $5.27.

Period
Full Year 2022
Revenue
$1.76 billion
Net income
$86.0 million, or $4.14 per diluted share
EPS
$4.14 per share, diluted; record adjusted earnings per share of $5.27
Result
reported results
Exact text from the filing
income of $1.38 per share, diluted; adjusted earnings per share of $1.49, up 32% year over year and an all-time record for the Company Full Year 2022 Highlights • Net sales were $1.76 billion; value-added sales were a record $1.14 billion, up 33% from the prior year • Operating profit was $119.8 million; adjusted earnings before interest, taxes, depreciation,
View on SEC.gov
Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MATERION Corp updated its the fourth quarter and full year 2022 guidance (initiated).

Period
the fourth quarter and full year 2022
Guidance
initiated
Result
reported results
Exact text from the filing
On February 16, 2023, Materion Corporation issued a press release announcing its results for the fourth quarter and full year 2022. The press release is attached hereto as Exhibit 99.1, which is incorporated herein by reference.
View on SEC.gov

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MATERION Corp filing history →

Source: SEC EDGAR
accession 0001104657-23-000015
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