secwatch.observer — SEC 8-K summary
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Issuer:     MATERION Corp (MTRN)
CIK:        0001104657
Form:       8-K
Filed at:   2023-08-02T23:59:59+00:00
Accession:  0001104657-23-000121
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1104657/000110465723000121/0001104657-23-000121-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1104657/000110465723000121/mtrn-20230802.htm
  HTML page:      https://secwatch.observer/filing/0001104657-23-000121

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