Materion Q3 2022 Earnings Report
Key Takeaways
Materion Corporation reported record third-quarter financial results with net sales of $428.2 million and value-added sales increasing 35% year-over-year to a record $290.4 million. Adjusted EPS reached an all-time record of $1.31, despite bottom-line results falling short of expectations due to short-term headwinds and operational challenges. The company updated its full-year 2022 adjusted earnings per share guidance to $5.15 to $5.25.
Net sales reached $428.2 million.
Value-added sales increased 35% year-over-year to a record $290.4 million.
Adjusted EBITDA was a record $48.8 million.
Adjusted EPS reached an all-time record of $1.31.
Materion
Materion
Materion Revenue by Segment
Forward Guidance
The company updated the 2022 adjusted earnings per share guidance to the range of $5.15 to $5.25 to adjust for the impact of the aforementioned headwinds. This updated range represents a ~30% increase from the prior year at the midpoint.
Positive Outlook
- Strong end market demand
- Growth from strategic initiatives
Challenges Ahead
- Impact of aforementioned headwinds
Revenue & Expenses
Visualization of income flow from segment revenue to net income