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Dec 31, 2021
Materion Q4 2021 Earnings Report
Materion's Q4 2021 performance reached record levels, driven by strong end-market demand and successful strategic initiatives.
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.
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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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