---
schema_version: "secwatch.filing_event.v1"
accession: "0001104657-23-000062"
form_type: "8-K"
ticker: "MTRN"
cik: "0001104657"
company_name: "MATERION Corp"
filed_at: "2023-05-03T23:59:59+00:00"
generated_at: "2026-06-16T00:10:49.479980+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Materion reports record Q1 value-added sales up 15%; raises FY2023 adjusted EPS guidance to $5.60-$6.00

## Summary
- Net sales $442.5M; value-added sales $298.6M (+15% YoY); adjusted EBITDA $53.4M (17.9% of value-added sales).
- Diluted EPS $1.23; adjusted EPS $1.34 (record Q1).
- Raised FY2023 adjusted EPS outlook to $5.60-$6.00 from $5.50-$5.90 (+10% midpoint YoY).
- Awarded $12M second order for space propulsion materials (total $22M this year).
- Completed first Flibe shipment to Kairos Power for next-gen clean energy.

## SEC filing metadata
- accession: 0001104657-23-000062
- form_type: 8-K
- ticker: MTRN
- cik: 0001104657
- company_name: MATERION Corp
- filed_at: 2023-05-03T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1104657/000110465723000062/0001104657-23-000062-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1104657/000110465723000062/mtrn-20230503.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104657-23-000062
- JSON: https://secwatch.observer/filing/0001104657-23-000062.json
- Plain text: https://secwatch.observer/filing/0001104657-23-000062.txt

## Key facts
- Earnings Releases
  MATERION Corp reported the first quarter of 2023 results: revenue $442.5 million, net income $25.6 million, or $1.23 per diluted share, EPS $1.23 per diluted share. Guidance raised.
  - Period: the first quarter of 2023
  - Revenue: $442.5 million
  - Net income: $25.6 million, or $1.23 per diluted share
  - EPS: $1.23 per diluted share
  - Guidance: raised
  - Result: reported results
  source text: (NYSE: MTRN) today reported first quarter financial results, raised 2023 earnings guidance, and shared growth highlights. First Quarter 2023 Highlights • Net sales were $442.5 million; value-added sales 1 increased 15% year over year to a first quarter record of $298.6 million • Operating profit was $36.9 million; adjusted EBITDA 2 was $53.4 million, or 17.9%
  evidence_url: https://www.sec.gov/Archives/edgar/data/1104657/000110465723000062/0001104657-23-000062-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.