Materion Q1 2021 Earnings Report
Key Takeaways
Materion Corporation reported strong first-quarter results with net sales of $354.4 million, a record value-added sales of $198.6 million, and adjusted earnings of $0.82 per share. The company also provided second-quarter and full-year 2021 earnings guidance.
Net sales were $354.4 million compared to $277.9 million in the prior year period
Value-added sales increased 29% year on year to a record $198.6 million for the quarter
Net income of $0.81 per share, diluted; adjusted earnings of $0.82 per share, up from $0.39 in the prior year period
Customer funded precision clad engineered strip project remains on track; completed second quarter of shipments from existing facility
Materion
Materion
Materion Revenue by Segment
Forward Guidance
The company expects adjusted earnings per diluted share in the second quarter to be in the range of $0.72 to $0.76 per share, and for the full year, they expect adjusted earnings per diluted share to be in the range of $3.00 to $3.30 per share.
Positive Outlook
- Strength in organic pipeline
- Good underlying demand across many end markets
- Semiconductor end market strength
- Automotive end market strength
- Industrial end market strength
Revenue & Expenses
Visualization of income flow from segment revenue to net income