earnings
confidence high
sentiment neutral
materiality 0.70
Materion Q3 adj. EPS $1.41 (down 7% YoY); record adj. EBITDA margin 21.5%; FY guide $5.20-$5.40
MATERION Corp
2024-Q3 EPS reported
$2.61
revenue$1,247,868,000
- Net sales $436.7M (+8% YoY); value-added sales $263.8M (-2% YoY) due to market softness.
- GAAP diluted EPS $1.07 vs $1.27; adjusted EPS $1.41 vs $1.51; record adj. EBITDA margin 21.5%.
- Announces sale of non-core large area targets business for architectural glass (closed Oct 25, 2024).
- Appoints new Precision Optics President to lead business transformation.
- Full year 2024 adjusted EPS guidance $5.20-$5.40.