Materion Corporation - MTRN STOCK NEWS

Materion Corporation (NYSE: MTRN) will attend Baird’s 2022 Global Industrial Conference on November 9, 2022, in Mayfield Heights, Ohio. CEO Jugal Vijayvargiya and CFO Shelly Chadwick will conduct an in-person fireside chat at 9:40 AM CDT, with opportunities for one-on-one investor meetings throughout the day. Materion, through its subsidiaries, specializes in advanced enabling materials, including specialty metals and engineered beryllium alloys, targeting global markets.

Materion Corporation (NYSE: MTRN) is set to announce its third quarter 2022 financial results on November 2, 2022, before the New York Stock Exchange opens. The company will host a conference call at 9:00 AM ET on the same day, led by CEO Jugal Vijayvargiya and CFO Shelly Chadwick. Participants can join via phone or a live webcast available on www.materion.com. A recorded playback will be accessible until November 16, 2022.

Materion Corporation (NYSE: MTRN) announced a strategic investment of over $20 million in its Newton, Massachusetts facility, enhancing semiconductor materials production. This investment follows the company's acquisition of HCS-Electronic Materials in November 2021 and aims to increase capacity for high-value tantalum products by more than 20%. The company expanded its workforce by 27% at the site, positioning itself as a key supplier in a rapidly growing semiconductor market.

Materion Corporation (NYSE: MTRN) is set to participate in CL King’s 20th Annual Best Ideas Conference on September 12, 2022. Key executives, including Jugal Vijayvargiya, Shelly Chadwick, and John Zaranec, will engage in virtual one-on-one meetings with investors. Materion, located in Mayfield Heights, Ohio, specializes in providing advanced enabling materials including specialty metals and engineered alloys to global markets.

Materion Corporation (NYSE: MTRN) has declared a third quarter 2022 dividend of $0.125 per share. This dividend will be paid on September 8, 2022, to shareholders of record as of August 24, 2022. Headquartered in Mayfield Heights, Ohio, Materion supplies specialized materials, including precious and non-precious metals, chemicals, and engineered beryllium alloys, to global markets.

Applied Industrial Technologies (NYSE: AIT) has appointed Shelly M. Chadwick, Vice President and CFO of Materion Corporation (NYSE: MTRN), to its Board of Directors. Chadwick brings over 20 years of financial and operational experience, previously holding senior roles at The Timken Company and other organizations. Chairman Peter C. Wallace welcomed her addition, stating it will enhance governance during a critical growth phase as the company approaches its centennial. The board now consists of nine members, with eight being independent.

Materion Corporation (NYSE: MTRN) will participate in the Seaport Research Partners Annual Summer Investor Conference on August 24, 2022. Key executives, including Jugal Vijayvargiya, Shelly Chadwick, and John Zaranec, will be available for virtual one-on-one meetings with investors throughout the event.

Headquartered in Mayfield Heights, Ohio, Materion supplies advanced enabling materials, including specialty metals and engineered alloys, to global markets.

Materion Corporation (NYSE: MTRN) reported impressive second quarter results, achieving record net sales of $445.3 million, a 33% increase in value-added sales to $277.2 million, and a net income of $1.12 per share. Adjusted EBITDA reached a record $47.0 million, up 44% year over year. The company reaffirmed its 2022 adjusted EPS guidance to range between $5.50 and $5.90. Key developments include a new advanced chemicals facility and a $6 million investment from a leading EV battery customer, bolstering Materion's position in semiconductor and EV applications.

Materion Corporation (NYSE: MTRN) has announced the opening of a new 150,000 square foot facility in Milwaukee, Wisconsin. This expansion aims to boost the production of Atomic Layer Deposition (ALD) materials for semiconductor chips and advanced chemicals for electric vehicle (EV) batteries. The facility is set to ramp up production in the first half of next year, responding to customer demand for innovative technologies in high-growth markets. A key customer is investing $6 million to establish a prototype line at the facility.