Welcome to our dedicated page for Materion news (Ticker: MTRN), a resource for investors and traders seeking the latest updates and insights on Materion stock.
Overview of Materion Corp
Materion Corp (NYSE: MTRN) is a globally recognized provider of advanced materials solutions that serve multiple high-technology industries. With a comprehensive product portfolio that incorporates specialty engineered alloys, inorganic chemicals, and precision optical elements, the company is intricately involved in the development, manufacturing, and marketing of high-performance materials.
Core Business Segments and Offerings
Materion Corp operates across several distinct yet interrelated segments:
- Performance Materials: Focused on engineered alloy systems, including both beryllium and non-beryllium solutions, this segment specializes in creating custom-engineered parts tailored to specific industrial needs.
- Electronic Materials: Catering to the microelectronics packaging and electronics manufacturing space, this division produces a range of specialty products such as vapor deposition targets, precious, non-precious, and specialty metal products, as well as chemical formulations.
- Precision Optics: Dedicated to the production of optical filters and specialty thin film coatings, this segment addresses the stringent requirements of precision optics applicable in consumer electronics and scientific instruments.
- Others: An ancillary segment that complements their specialized material solutions by addressing niche market requirements.
Advanced Materials and Market Significance
The company leverages a vast global manufacturing network and robust service capabilities to deliver products that support innovation across diverse industries such as consumer electronics, telecommunications infrastructure, defense, industrial, aerospace, and automotive electronics. Materion's extensive expertise in advanced materials ensures it acts as a critical supplier to technology-driven applications, contributing to the development of durable, high-performance products that empower its global clientele.
Industry-Specific Capabilities
Materion distinguishes itself through:
- Innovative Materials Engineering: Utilizing both traditional and novel approaches in materials science, the company offers a broad spectrum of engineered products designed to meet stringent performance standards.
- Global Manufacturing Strength: With manufacturing operations spanning multiple regions, Materion provides localized service while leveraging global expertise, ensuring quality and precision in every product.
- Customized Solutions: The firm’s ability to tailor products to meet specific customer requirements allows it to support technologically complex projects that span diverse market sectors.
Applications Across Industries
The importance of Materion Corp is particularly evident in industries where material properties are critical to product success:
- Consumer Electronics: High-performance materials for smartphones, tablets, and other devices rely on the precision and durability of Materion's engineered solutions.
- Defense and Aerospace: Advanced materials and alloys provided by the company are integral to systems requiring reliability under extreme conditions.
- Automotive Electronics: The integration of specialty metal systems into automotive applications enhances efficiency and longevity of electronic components.
- Medical and Energy: The firm’s materials contribute to innovations in medical devices and energy-efficient applications, underscoring its broad industrial reach.
Technological Expertise and Research Foundations
The science behind Materion's offerings is rooted in decades of research and advanced engineering practices. The company consistently applies industry-specific methodologies to maintain high quality and functionality across its product range. The multilayered expertise not only allows for the creation of intricate material solutions but also supports a continuous improvement culture that adapts to the evolving requirements of modern technology.
Competitive Landscape and Differentiation
Within a competitive market that includes other advanced materials specialists, Materion differentiates itself by offering a uniquely diverse product range combined with a strong heritage in materials science and engineering. Its strategic approach to customized manufacturing and rigorous quality control helps the company maintain a robust market presence in multiple high-tech sectors.
Summary
Materion Corp remains a cornerstone in the advanced materials sector, blending deep engineering expertise with practical manufacturing experience. The company supports a wide range of industries by providing essential materials that are the backbone of modern technological applications. Investors and industry observers alike recognize the company for its commitment to quality, innovation, and its ability to address complex technical challenges through a diversified portfolio of specialized products.
Materion Corporation (NYSE-MTRN) announced a second quarter 2021 dividend of $0.12 per share, a 5% increase from the prior dividend. This marks the company’s ninth consecutive annual increase, showcasing its robust financial standing and commitment to shareholder value. The dividend is slated for payment on June 11, 2021, to shareholders recorded by May 27, 2021. With an annualized yield of approximately 1%, this equates to a cash payout of around $2.4 million quarterly, reflecting ongoing confidence in its financial strength.
Materion Corporation (NYSE: MTRN) reported first quarter 2021 net sales of $354.4 million, a significant increase from $277.9 million year-over-year. Value-added sales reached a record $198.6 million, driven by strong demand in semiconductor, automotive, and industrial sectors. Operating profit was $19.7 million, with net income of $0.81 per diluted share, up from a loss in the prior year. The company forecasts adjusted earnings of $0.72 to $0.76 per share for Q2 and $3.00 to $3.30 for the full year, a 55% increase from 2020.
Materion Corporation (NYSE - MTRN) will hold its quarterly conference call on April 29, 2021, at 9:00 a.m. Eastern Time to discuss first quarter results. CEO Jugal Vijayvargiya and CFO Shelly Chadwick will represent the company. Participants can join the call by dialing (877) 407-0778 or (201) 689-8565 for international calls. A live webcast will be available on the company's website. The recorded playback will be accessible until May 13, 2021. Materion supplies engineered advanced materials, including specialty metals and inorganic chemicals.
Materion Corporation (NYSE:MTRN) has equipped NASA's Perseverance rover with advanced technologies, marking its third Mars rover mission. The company supplied optical filters for the rover's Mastcam-Z camera and weather station, essential for analyzing Martian weather conditions. Materion's AlBeMet composites and Combo-Lid products are also utilized, ensuring lightweight and reliable components for space exploration. The company's support spans decades, contributing to notable projects like the Hubble Space Telescope and the James Webb Telescope.
Materion Corporation (NYSE: MTRN) has partnered with Radian Audio to manufacture Truextent® premium acoustic beryllium diaphragms for high-end loudspeakers aimed at pro audio and home audiophile markets. For over 20 years, Materion has supplied beryllium components recognized for their superior sound quality. This partnership is designed to boost production capacity to meet rising demand in the acoustic industry and explore future collaborative opportunities. Both companies emphasize their shared commitment to producing top-tier audio components, enhancing their market positioning.
Materion Corporation (NYSE: MTRN) reported strong fourth quarter 2020 results with net sales of $339.7 million, rising from $287.2 million in Q3. Adjusted earnings per share (EPS) reached $0.70, a 40% increase from the previous quarter. For FY 2020, net sales remained flat at $1.2 billion, but value-added sales dropped 8% to $678.6 million. The company provided first quarter 2021 earnings guidance of $0.58 to $0.62 per share, indicating a potential growth of over 50% compared to Q1 2020.
Materion Corporation (NYSE - MTRN) announces its quarterly conference call on February 18, 2021, at 9:00 a.m. Eastern Time, to discuss year-end and fourth quarter 2020 results. The call will feature key executives including Jugal Vijayvargiya, CEO, and Shelly Chadwick, CFO. Participants can join via phone at (877) 407-0778 for U.S. or (201) 689-8565 for international. A live webcast is accessible on Materion's website and will remain available for playback until March 4, 2021.
Materion Corporation (MTRN) has set March 8, 2021, as the record date for shareholder voting at its upcoming Annual Meeting scheduled for May 6, 2021. In addition, the company declared a first-quarter dividend of $0.115 per share, payable on March 5, 2021, to shareholders of record on February 17, 2021. This dividend reflects Materion's confidence in its business strength and long-term growth prospects, as well as its commitment to returning cash to shareholders while pursuing organic growth and acquisitions.
Materion Corporation (NYSE: MTRN) announced the appointment of Shelly M. Chadwick as Vice President, Finance and Chief Financial Officer, effective December 1, 2020. Chadwick will join the executive team and report to CEO Jugal Vijayvargiya, overseeing all financial operations, including planning, reporting, and treasury. With over twenty years of finance experience, she previously held key positions at Timken Company and Eckart America. Chadwick holds a Bachelor's in Business Management and Finance and an MBA in Finance.
Materion Corporation (NYSE: MTRN) reported third quarter 2020 financial results with net sales at $287.2 million, an increase from $271.5 million in Q2 2020. Value-added sales rose 4% sequentially to $167.5 million. Net income remained stable at $0.32 per diluted share, while adjusted earnings grew 12% to $0.55 per share. The acquisition of Optics Balzers was successfully completed, enhancing their position in optical solutions. Despite challenges from the COVID-19 pandemic, the company anticipates slightly better adjusted earnings in Q4 2020.
FAQ
What is the current stock price of Materion (MTRN)?
What is the market cap of Materion (MTRN)?
What industries does Materion Corp serve?
What are the primary business segments of Materion?
How does Materion generate revenue?
What makes Materion's products unique?
How does Materion differentiate itself from competitors?
What technology and research underpin Materion's product development?
Who are the typical customers of Materion?
What role does innovation play in Materion's business model?
