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Apr 01, 2022
Materion Q1 2022 Earnings Report
Materion reported record quarterly results and raised full year 2022 outlook.
Key Takeaways
Materion Corporation reported a strong start to 2022 with record net sales of $449.0 million and adjusted EBITDA of $44.6 million, driven by strong end market demand and the HCS-Electronic Materials acquisition. The company raised its full year 2022 adjusted earnings per share guidance to $5.50 to $5.90.
Net sales were $449.0 million; value-added sales increased year over year to a record $266.8 million, up 34%.
Adjusted EBITDA was a record at $44.6 million, an increase of 49% and 160-basis point margin expansion year over year.
Net income of $0.68 per share, diluted; record adjusted earnings per share (EPS) of $1.20, up 38% year over year; adjusted EPS with acquisition amortization of $1.08, up 32% versus prior year.
Awarded significant expansion of precision clad strip business with approximately $40 million up-front customer investment
Revenue by Segment
Forward Guidance
With continued strong end market demand, organic outgrowth resulting from our customer initiatives, and the full year impact of the HCS-Electronic Materials acquisition, we are raising the 2022 adjusted earnings per share guidance to the range of $5.50 to $5.90.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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