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Materion
🇺🇸 NYSE:MTRN
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•
Dec 31, 2022

Materion Q4 2022 Earnings Report

Materion had a record fourth quarter and full-year, driven by strong performance across several major end markets and the successful integration of HCS Electronic Materials.

Key Takeaways

Materion Corporation reported record fourth quarter and full-year 2022 financial results. Net sales for the quarter were $434.6 million, and value-added sales increased 30% year over year to a record $309.2 million. Adjusted EBITDA was a record at $55.6 million, or 18.0% of value-added sales.

Net sales were $434.6 million.

Value-added sales increased 30% year over year to a record $309.2 million.

Adjusted EBITDA was a record at $55.6 million, or 18.0% of value-added sales.

Adjusted earnings per share of $1.49, up 32% year over year and an all-time record for the Company.

Total Revenue
$435M
Previous year: $397M
+9.4%
EPS
$1.37
Previous year: $1.03
+33.0%
Value-added Sales
$309M
Previous year: $237M
+30.2%
Gross Profit
$98.4M
Previous year: $73.1M
+34.7%
Cash and Equivalents
$13.1M
Previous year: $14.5M
-9.4%
Free Cash Flow
$58.4M
Previous year: $24.5M
+138.8%
Total Assets
$1.69B
Previous year: $1.61B
+5.3%

Materion

Materion

Materion Revenue by Segment

Forward Guidance

Materion is guiding to the range of $5.50 to $5.90 for full year 2023 adjusted earnings per share, an increase of 8% at the midpoint versus the prior year.

Revenue & Expenses

Visualization of income flow from segment revenue to net income

Company Overview

Full financial data and analysis

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