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Sep 29, 2023
Materion Q3 2023 Earnings Report
Materion reported record earnings and demonstrated operational excellence.
Key Takeaways
Materion Corporation reported record third quarter earnings, with net sales of $403.1 million and adjusted EBITDA of $55.4 million. The company affirmed the midpoint of its 2023 earnings guidance, expecting a 10% increase year over year.
Net sales reached $403.1 million; value-added sales were $270.5 million.
Operating profit was $36.5 million, with a record adjusted EBITDA of $55.4 million, a 14% increase year-over-year.
Net income was $1.27 per diluted share, with record adjusted earnings of $1.51 per share.
The full year earnings outlook midpoint was affirmed at $5.80 per share, a 10% increase year-over-year.
Revenue by Segment
Forward Guidance
Materion narrowed the range and affirmed the midpoint of its full-year adjusted earnings per share guidance in the range of $5.70 to $5.90, an increase of 10% at the midpoint versus the prior year.
Positive Outlook
- Accelerating contributions from megatrend-aligned organic pipeline
- Strong operational performance
- Ability to execute
- Deliver another year of record results
- Affirmed full-year adjusted earnings per share guidance midpoint
Challenges Ahead
- Slower than expected market recovery
- Potential insurance and litigation claims
- Legacy environmental costs
- Acquisition and integration costs
- Certain income tax items, or other non-routine costs
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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