Materion Q1 net sales $385.3M, adjusted EPS $0.96, full-year guidance $5.60-$6.20

MATERION Corp

2024-Q1 EPS reported $0.64 revenue$385,287,000

Net sales $385.3M, down 13% from $442.5M YoY; value-added sales $257.8M, down 14%.
Net income $13.4M ($0.64 diluted) vs $25.6M ($1.23) prior year; adjusted EPS $0.96.
Full-year adjusted EPS guidance narrowed to $5.60-$6.20 (5% YoY growth at midpoint).
Semiconductor and industrial weakness offset by space & defense strength; margins held at 17.5% of value-added sales.
CEO cites temporary operational challenges and softer demand; cost initiatives offset some impact.

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 first quarter 2024 results: revenue $385.3 million, net income $13.4 million, EPS $0.64 per share, diluted. Guidance reaffirmed.

Period: first quarter 2024
Revenue: $385.3 million
Net income: $13.4 million
EPS: $0.64 per share, diluted
Guidance: reaffirmed
Result: reported results

Exact text from the filing

2024 - Materion Corporation (NYSE: MTRN) today reported first quarter 2024 financial results and provided an update to 2024 earnings guidance. Financial Summary • Net sales were $385.3 million; value-added sales 1 were $257.8 million • Net income was $13.4 million, or $0.64 per share, diluted, and adjusted earnings of $0.96 per share • Full year adjusted earnings

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Source: SEC EDGAR

accession 0001104657-24-000063

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