Materion Q1 2022 Earnings Report
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
Materion
Materion
Materion 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