Materion Q3 adjusted EPS $1.51 up 15% YoY; reaffirms FY2023 guidance midpoint $5.80

MATERION Corp

2023-Q3 EPS reported $3.65 revenue$1,244,144,000

Net sales $403.1M; value-added sales $270.5M (down 5% YoY on semiconductor softness, offset by aerospace/defense strength).
Record Q3 GAAP EPS $1.27; adjusted EPS $1.51, up 15% vs $1.31 prior year.
Adjusted EBITDA $55.4M (record Q3), up 14% vs $48.8M; operating profit $36.5M vs $29.1M.
Full-year adjusted EPS guidance narrowed to $5.70-$5.90, midpoint $5.80 (10% YoY increase).
Twelfth consecutive quarter of adjusted EBITDA and adjusted EPS growth; outperformed 20% EBITDA margin target.

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 0.9

MATERION Corp reported third quarter of 2023 results: revenue $403.1 million, net income $26.6 million, or $1.27 per diluted share, EPS $1.27 per diluted share. Guidance reaffirmed.

Period: third quarter of 2023
Revenue: $403.1 million
Net income: $26.6 million, or $1.27 per diluted share
EPS: $1.27 per diluted share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Corporation (NYSE: MTRN) today reported third quarter financial results and affirmed the midpoint of the 2023 earnings guidance. Third Quarter 2023 Highlights • Net sales were $403.1 million; value-added sales 1 were $270.5 million • Strong third quarter operating profit of $36.5 million versus $29.1 million in the prior year; record third quarter adjusted EBITDA 2

View on SEC.gov

36 earnings releases filed in the last 30 days. Browse all earnings releases →

MATERION Corp filing history →

Source: SEC EDGAR

accession 0001104657-23-000149

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.