Materion Q2 2023 Earnings Report
Key Takeaways
Materion Corporation reported record second quarter results with net sales of $398.6 million and adjusted EBITDA of $55.5 million. The company affirmed its 2023 adjusted earnings outlook of $5.60 - $6.00 per share.
Net sales reached $398.6 million, while value-added sales were $268.3 million.
Adjusted EBITDA was a record $55.5 million, an 18% increase year-over-year.
Net income was $1.15 per share, diluted, and adjusted earnings were $1.38 per share, both second quarter records.
The company reaffirmed its adjusted earnings outlook of $5.60 - $6.00 per share.
Materion
Materion
Materion Revenue by Segment
Forward Guidance
The company is affirming its adjusted earnings per share guidance in the range of $5.60 to $6.00, an increase of 10% at the midpoint versus the prior year.
Positive Outlook
- Accelerating contributions from our organic pipeline
- A semiconductor recovery expected to start in the fourth quarter
- Benefit of our targeted cost improvement initiatives
- Confident in our ability to execute
- Deliver another year of record results
Revenue & Expenses
Visualization of income flow from segment revenue to net income