Materion files HCS-Electronic Materials audited FY2020; revenue $132.7M, net income $11.2M

MATERION Corp

HCS-Electronic Materials FY2020 revenue $132.7M, gross profit $27.9M, operating income $13.8M.
Total assets $94.8M, liabilities $16.4M, net parent investment $78.4M as of Dec 31, 2020.
Acquisition closed Nov 1, 2021; pro forma financials filed for FY2020 and nine months ended Sep 30, 2021.
HCS operates Newton, MA plant; produces tantalum/niobium products for semiconductor, industrial, aerospace.

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