Materion reports record Q2 adjusted EBITDA of $55.5M, EPS $1.38; affirms FY23 guidance $5.60-$6.00

MATERION Corp

2023-Q2 EPS reported $2.38 revenue$841,076,000

Net sales $398.6M vs $445.3M YoY; value-added sales roughly flat at $268.3M.
Adjusted EBITDA $55.5M (record Q2), up 18% from $47.0M YoY; adjusted EPS $1.38 vs $1.28 (+8%).
Operating profit $35.4M vs $31.9M; net income $24.1M ($1.15 diluted) vs $23.3M ($1.12) YoY.
Eleventh consecutive quarter of adjusted EBITDA and EPS growth; semiconductor softness offset by aerospace/defense and telecom strength.
Affirmed FY 2023 adjusted EPS guidance of $5.60-$6.00, a 10% increase at the midpoint from prior year.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MATERION Corp reported the second quarter of 2023 results: revenue $398.6 million, net income $24.1 million, or $1.15 per diluted share, EPS $1.15 per diluted share. Guidance reaffirmed.

Period: the second quarter of 2023
Revenue: $398.6 million
Net income: $24.1 million, or $1.15 per diluted share
EPS: $1.15 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

2, 2023 - Materion Corporation (NYSE: MTRN) today reported second quarter financial results and affirmed 2023 earnings guidance. Second Quarter 2023 Highlights • Net sales were $398.6 million; value-added sales 1 were roughly flat year over year at $268.3 million • Strong second quarter operating profit was $35.4 million; record second quarter adjusted EBITDA 2 of

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Source: SEC EDGAR

accession 0001104657-23-000121

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