Materion Q3 2024 Earnings Report
Key Takeaways
Materion Corporation reported net sales of $436.7 million and net income of $22.3 million, or $1.07 per diluted share, for the third quarter of 2024. Adjusted EBITDA reached a record $56.7 million, with a margin of 21.5%.
Net sales reached $436.7 million; value-added sales were $263.8 million.
Net income was $22.3 million, or $1.07 per share, diluted; adjusted earnings of $1.41 per share.
Operating profit was $31.3 million; adjusted EBITDA reached a record third quarter value of $56.7 million.
Record quarterly adjusted EBITDA margin of 21.5% was achieved.
Materion
Materion
Materion Revenue by Segment
Forward Guidance
Materion expects to deliver a solid fourth quarter with a stronger top line combined with the continued benefit of cost and footprint initiatives. The company expects full year 2024 adjusted earnings in the range of $5.20 to $5.40 per share.
Positive Outlook
- Stronger top line expected in Q4.
- Continued benefit from cost initiatives.
- Continued benefit from footprint initiatives.
- Solid fourth quarter expected.
- Full year 2024 adjusted earnings expected in the range of $5.20 to $5.40 per share.
Challenges Ahead
- Conditions in many end markets remain weak.
- Potential future recessionary conditions.
- Impact of tariffs and trade agreements.
- Impact of any U.S. Federal Government shutdowns or sequestrations.
- Changes in product mix and the financial condition of customers.
Revenue & Expenses
Visualization of income flow from segment revenue to net income