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Dec 31, 2023
Materion Q4 2023 Earnings Report
Materion reported strong fourth-quarter financial results driven by focused operational execution and improved mix, despite softer volume.
Key Takeaways
Materion Corporation reported fourth-quarter net sales of $421.0 million and net income of $19.5 million, or $0.93 per share. Adjusted earnings were $1.41 per share. The company is guiding to a full-year 2024 adjusted earnings per share range of $6.10 to $6.50.
Net sales were $421.0 million; value-added sales were $289.7 million
Net income was $19.5 million, or $0.93 per share, diluted, and adjusted earnings of $1.41 per share
Adjusted EBITDA was $53.3 million
Company expects another year of record results driven by organic pipeline and close customer partnerships
Revenue by Segment
Forward Guidance
Company expects another year of record results driven by organic pipeline and close customer partnerships. Company is guiding to the range of $6.10 to $6.50 for full year 2024 adjusted earnings per share.
Positive Outlook
- Expect another year of record results
- Driven by organic pipeline
- Close customer partnerships
- Continued operational excellence
- Targeted cost improvement initiatives
Challenges Ahead
- Some key end markets to remain challenged in the near term
- Due to macroeconomic conditions
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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