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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) has raised its quarterly cash dividend to $0.135 per share, a $0.005 increase. Shareholders of record on May 23, 2024, will receive this dividend on June 7, 2024.
Materion reported first quarter 2024 financial results, with net sales of $385.3 million and adjusted earnings of $0.96 per share. Despite a 14% decline in value-added sales due to market weaknesses, the company remains focused on delivering record results through strategic initiatives. The adjusted earnings guidance for the full year 2024 is $5.60-$6.20 per share, reflecting a 5% increase year over year.
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