Materion Q4 2021 Earnings Report
Key Takeaways
Materion Corporation reported record fourth-quarter results, with net sales of $397.2 million and value-added sales reaching a record $237.4 million. Adjusted earnings per share increased by 47% year-over-year to $1.03. The company also provided 2022 earnings guidance, expecting another record year.
Net sales reached $397.2 million.
Value-added sales increased 27% year-over-year to a record $237.4 million.
Adjusted EBIT was a record at $28.1 million, or 11.8% of value-added sales.
Adjusted earnings per share increased 47% year-over-year to $1.03.
Materion
Materion
Materion Revenue by Segment
Forward Guidance
2022 adjusted earnings per share is expected to be in the range of $4.80 to $5.20. Excluding acquisition related amortization, adjusted earnings per share is expected to be in the range of $5.30 to $5.70, an increase of 35% at the midpoint versus the comparable prior year metric.
Positive Outlook
- Strong end market demand
- Organic outgrowth resulting from our customer initiatives
- Full year impact of our HCS-Electronic Materials acquisition
- Adjusted earnings per share is expected to be in the range of $4.80 to $5.20
- Adjusted earnings per share is expected to be in the range of $5.30 to $5.70, an increase of 35% at the midpoint versus the comparable prior year metric
Revenue & Expenses
Visualization of income flow from segment revenue to net income