---
schema_version: "secwatch.filing_event.v1"
accession: "0001104657-24-000015"
form_type: "8-K"
ticker: "MTRN"
cik: "0001104657"
company_name: "MATERION Corp"
filed_at: "2024-02-15T23:59:59+00:00"
generated_at: "2026-06-06T00:50:15.625259+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Materion reports record 2023 adjusted EPS $5.64; guides 2024 $6.10-$6.50

## Summary
- Q4 net sales $421M, adjusted EPS $1.41 (vs $1.49 prior year); full-year record adj. EPS $5.64.
- Full-year 2023 value-added sales $1.13B (record); adj. EBITDA $217.7M at 19.3% margin (records).
- Secured $36M order for space propulsion materials and $4M government additive manufacturing contract.
- 2024 adjusted EPS guidance $6.10-$6.50, up 12% at midpoint from 2023 record $5.64.

## SEC filing metadata
- accession: 0001104657-24-000015
- form_type: 8-K
- ticker: MTRN
- cik: 0001104657
- company_name: MATERION Corp
- filed_at: 2024-02-15T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1104657/000110465724000015/0001104657-24-000015-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1104657/000110465724000015/mtrn-20240215.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104657-24-000015
- JSON: https://secwatch.observer/filing/0001104657-24-000015.json
- Plain text: https://secwatch.observer/filing/0001104657-24-000015.txt

## Key facts
- Earnings Releases
  MATERION Corp updated its the fourth quarter and full year 2023 guidance (reaffirmed).
  - Period: the fourth quarter and full year 2023
  - Guidance: reaffirmed
  - Result: reported results
  source text: On February 15, 2024, Materion Corporation issued a press release announcing its results for the fourth quarter and full year 2023. The press release is attached hereto as Exhibit 99.1, which is incorporated herein by reference.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1104657/000110465724000015/0001104657-24-000015-index.htm
- Earnings Releases
  MATERION Corp reported Fourth Quarter 2023 results: revenue $421.0 million, net income $19.5 million, EPS $0.93 per share, diluted, and adjusted earnings of $1.41 per share.
  - Period: Fourth Quarter 2023
  - Revenue: $421.0 million
  - Net income: $19.5 million
  - EPS: $0.93 per share, diluted, and adjusted earnings of $1.41 per share
  - Result: reported results
  source text: Net sales were $421.0 million; value-added sales 1 were $289.7 million • Net income was $19.5 million, or $0.93 per share, diluted, and adjusted earnings of $1.41 per share
  evidence_url: https://www.sec.gov/Archives/edgar/data/1104657/000110465724000015/0001104657-24-000015-index.htm
- Earnings Releases
  MATERION Corp reported Full-Year 2023 results: revenue $1.67 billion, net income $95.7 million, EPS $4.58 per share, diluted, versus $4.14 in the prior year, and record adjusted earnings of $5.64 per share, versus $5.27. Guidance raised.
  - Period: Full-Year 2023
  - Revenue: $1.67 billion
  - Net income: $95.7 million
  - EPS: $4.58 per share, diluted, versus $4.14 in the prior year, and record adjusted earnings of $5.64 per share, versus $5.27
  - Guidance: raised
  - Result: reported results
  source text: Net sales were $1.67 billion; value-added sales were $1.13 billion, a record for the company, up 1% from prior year despite significant semiconductor market weakness • Net income of $95.7 million, versus $86.0 million in the prior year • Earnings per share of $4.58, diluted, versus $4.14 in the prior year, and record adjusted earnings of $5.64 per share, versus $5.27 in the prior year, an increase of 7%
  evidence_url: https://www.sec.gov/Archives/edgar/data/1104657/000110465724000015/0001104657-24-000015-index.htm

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