Welcome to our dedicated page for Materion Corporation news (Ticker: MTRN), a resource for investors and traders seeking the latest updates and insights on Materion Corporation stock.
Materion Corporation (NYSE: MTRN) is a leading global provider of advanced materials solutions. The company is dedicated to developing, manufacturing, and marketing highly engineered materials for customers across diverse markets such as consumer electronics, defense, industrial, aerospace, automotive electronics, telecommunications, appliances, medical, and energy. Materion’s innovative products and expertise enable cutting-edge technologies for its global clientele.
Materion boasts a comprehensive and unique product portfolio, including:
- Specialty engineered alloys
- Beryllium and non-be metal matrix composites
- Engineered clad and plated metal systems
- Precious and non-precious specialty metals
- Precision optical filters
- Inorganic chemicals and powders
- Specialty thin film coatings
The company operates in four reportable segments: Performance Materials, Electronic Materials, Precision Optics, and Other. A significant portion of its revenue comes from the Electronic Materials segment, which produces chemicals, microelectronics packaging, precious and non-precious metal products, and more.
Materion differentiates itself with a robust global manufacturing base, extensive service capabilities, and a wide array of high-performance products. The company's continuous innovation and engineering excellence support the advancement of its customers' technologies, making it a crucial player in the materials engineering sector.
Materion (NYSE: MTRN) reported Q3 2024 financial results with net sales of $436.7 million and value-added sales of $263.8 million. Net income was $22.3 million, or $1.07 per share, with adjusted earnings of $1.41 per share. The company achieved record Q3 adjusted EBITDA of $56.7 million and a record quarterly adjusted EBITDA margin of 21.5%. Despite weak market conditions, Materion announced the sale of its non-core large area targets business and expects full-year 2024 adjusted earnings between $5.20 to $5.40 per share.
Materion (NYSE: MTRN) has announced its quarterly dividend declaration for Q4 2024. The company's Board of Directors has approved a dividend payment of $0.135 per share of common stock. Shareholders who are recorded as owners by the close of business on November 14, 2024, will receive the dividend payment on December 6, 2024.
Materion (NYSE: MTRN) has scheduled its third quarter 2024 financial results release for October 30, 2024, before NYSE market opening. A conference call with investors will follow at 10:00 AM ET, featuring CEO Jugal Vijayvargiya and CFO Shelly Chadwick. Participants can join via phone using passcode 445452 or watch the live webcast on materion.com. A playback will be available until November 13, 2024, using replay ID 49167.
Materion (NYSE: MTRN) has appointed Jason Moore as President of Precision Optics. Moore will lead the Precision Optics business segment, which produces customized optical and thin-film coatings and components for industries including space and defense, life sciences, industrial, semiconductor, and automotive. He joined Materion in August, reporting directly to CEO Jugal Vijayvargiya.
Moore's previous experience includes roles at TE Connectivity, Macromatic Industrial Controls, and Eaton Materion's Precision Optics business, known as Materion Balzers Optics, was formed in 2020 following the acquisition of Balzers Optics. It operates five manufacturing sites across the U.S., Europe, and Asia, delivering next-generation optics solutions for various applications.
Moore succeeds Dr. Ian Tribick, who retired as President of Precision Optics on August 31.
Materion (NYSE: MTRN) has announced a quarterly dividend for the third quarter of 2024. The company's Board of Directors has declared a dividend of $0.135 per share of common stock. This dividend will be payable on September 6, 2024, to shareholders who are on record at the close of business on August 23, 2024. This announcement demonstrates Materion's commitment to returning value to its shareholders through regular dividend payments.
Materion (NYSE: MTRN) reported record second quarter 2024 financial results and updated its 2024 earnings guidance. Key highlights include:
- Net sales of $425.9 million; value-added sales of $279.8 million, up 4% year-over-year
- Net income of $19.0 million, or $0.91 per share; adjusted earnings of $1.42 per share, up 3%
- Record quarterly adjusted EBITDA of $57.8 million
- Updated full-year adjusted EPS guidance to $5.60–5.90
The company secured a new $150 million multi-year contract for space propulsion systems and announced a customer's $10 million investment to expand capacity at a Materion site. Despite softening demand in some end-markets, Materion remains confident in delivering another year of record results.
Materion (NYSE: MTRN) has announced it will release its second quarter 2024 financial results on August 5, 2024, after the New York Stock Exchange closes. The company will host a conference call with investors on August 6, 2024, at 9:00 AM ET. President and CEO Jugal Vijayvargiya and CFO Shelly Chadwick will represent Materion on the call.
Investors can participate by dialing (888) 506-0062 (US) or (973) 528-0011 (international) with passcode 876666. A live webcast will be available on Materion's website. A recorded playback will be accessible until August 20, 2024, using replay ID 49165.
Materion (NYSE: MTRN) announced its participation in the CL King Advanced Electronics Seminar on June 17, 2024. President and CEO Jugal Vijayvargiya, along with VP of Finance and CFO Shelly Chadwick, will host a virtual fireside chat at 10:15 AM ET. The executives will also be available for one-on-one investor meetings throughout the day.
Materion (NYSE: MTRN) has been listed among USA TODAY's America's Climate Leaders 2024, an award presented by USA TODAY and Statista Inc. The recognition highlights Materion's dedication to sustainability and environmental responsibility. The company has implemented projects focused on energy efficiency, waste reduction, and renewable energy investments. Materion is one of 49 companies recognized in the Materials & Chemicals category and one of 25 based in Ohio. The award process involved a comprehensive data analysis of emissions reduction and sustainability practices.
Materion (NYSE: MTRN) is set to participate in the KeyBanc Industrials & Basic Materials Conference on May 30, 2024. Key executives, including President and CEO Jugal Vijayvargiya and CFO Shelly Chadwick, will engage in one-on-one meetings with investors. This conference aims to provide a platform for Materion to discuss its strategic initiatives and financial outlook with key stakeholders.
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