secwatch.observer — SEC 8-K summary
======================================

Issuer:     MATERION Corp (MTRN)
CIK:        0001104657
Form:       8-K
Filed at:   2024-08-05T23:59:59+00:00
Accession:  0001104657-24-000112
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Materion Q2 record value-added sales $279.8M (+4% YoY); guides FY2024 adj. EPS $5.60-5.90
--------------------------------------------------------------------------------

- Record adjusted EPS $1.42, up 3% YoY; GAAP EPS $0.91 vs $1.15 last year.
- Record quarterly adjusted EBITDA $57.8M (20.7% of value-added sales).
- Won $150M multi-year contract for space propulsion critical materials.
- Customer to invest ~$10M to expand capacity at existing Materion site.
- FY2024 adjusted EPS guidance range lowered to $5.60-5.90 (midpoint +2% YoY) on softer semi/auto/industrial demand.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1104657/000110465724000112/0001104657-24-000112-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1104657/000110465724000112/mtrn-20240805.htm
  HTML page:      https://secwatch.observer/filing/0001104657-24-000112

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer