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Materion Q2 2023 Earnings Report

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$114.39 -3.57 (-3.03%)
(As of 12/3/2024 ET)

Materion EPS Results

Actual EPS
$1.38
Consensus EPS
$1.36
Beat/Miss
Beat by +$0.02
One Year Ago EPS
$1.28

Materion Revenue Results

Actual Revenue
$398.60 million
Expected Revenue
$451.22 million
Beat/Miss
Missed by -$52.62 million
YoY Revenue Growth
-10.50%

Materion Announcement Details

Quarter
Q2 2023
Time
Before Market Opens
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Materion Earnings Headlines

WARNING: “Buffett Indicator” flashing for first time in 50 years
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Materion Corp
Seaport Global Keeps Their Buy Rating on Materion (MTRN)
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About Materion

Materion Corporation, together with its subsidiaries, produces advanced engineered materials used in semiconductor, industrial, aerospace and defense, automotive, energy, consumer electronics, and telecom and data center in the United States, Asia, Europe, and internationally. The company operates in four segments: Performance Materials, Electronic Materials, Precision Optics, and Other. The company provides advanced engineered solutions comprising beryllium and non-beryllium containing alloy systems and custom engineered parts in strip, bulk, rod, plate, bar, tube, and other customized shapes; engineering and product development services; alloyed metals, beryllium products, and beryllium hydroxide; precision strip, rod, and wire products, as well as engineered strip metal products; and ToughMet alloys and SupremEX aluminum silicon carbide metal matrix composite formulation products. It operates the bertrandite ore mine and refinery located in Utah that provides feedstock hydroxide for its beryllium businesses and external sale. In addition, it produces advanced chemicals, microelectronics packaging, precious metal, non-precious metal, and specialty metal products, including vapor deposition targets, frame lid assemblies, clad and precious metal pre-forms, high temperature braze materials, and ultra-pure wire. Further, the company designs and produces precision thin film coatings, optical filters, and assemblies. The company sells its products directly from its facilities, as well as through company-owned service centers, outside distributors, agents, direct sales offices, and independent sales representatives. The company was formerly known as Brush Engineered Materials Inc. and changed its name to Materion Corporation in March 2011. Materion Corporation was founded in 1921 and is headquartered in Mayfield Heights, Ohio.

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