Materion Corp
NYSE:MTRN

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Materion Corp
NYSE:MTRN
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Price: 125.25 USD 1.5% Market Closed
Market Cap: 2.6B USD

Materion Corp
Investor Relations

In the vibrant marketplace of advanced materials, Materion Corporation stands as a dynamic player shaping industries with its high-performance offerings. Headquartered in Mayfield Heights, Ohio, the company traces its roots back to the 1930s, growing from a small beryllium mine into a global leader in engineered materials. Materion expertly crafts a wide array of products that serve pivotal roles in diverse sectors such as aerospace, defense, automotive, telecommunications, and medical technologies. At its core, Materion manufactures specialty metals and alloys, such as beryllium, copper beryllium alloys, and precision thin film coatings, which are integral to the components of modern technology. The company's success lies in its ability to evolve with the market, innovating materials that meet the rigorous demands of cutting-edge applications.

Beyond merely supplying materials, Materion creates value by offering critical solutions that enhance the performance and reliability of their customers' products. With an emphasis on research and development, the company continually invests in discovering new material formulations and processes that provide unique advantages, such as increased durability and thermal resistance. This focus on innovation enables Materion to address complex technical challenges and meet stringent standards, thus establishing enduring relationships with clients who rely on its materials for mission-critical operations. Through a strategic global footprint, with facilities across North America, Europe, and Asia, Materion ensures the delivery of tailored solutions swiftly and efficiently, generating robust revenue streams while maintaining a competitive edge in the fast-evolving landscape of specialty materials.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Oct 29, 2025
AI Summary
Q3 2025

Record Margins: Materion achieved all-time high EBITDA margins of 27% in Electronic Materials, reflecting improved cost structure and strong semiconductor recovery.

Order Growth: Incoming order rates rose over 10% sequentially, led by key markets such as semiconductor, defense, space, and energy, which are up 20% year-to-date.

Guidance Affirmed: Full-year EPS guidance of $5.30 to $5.70 per share was affirmed, with management expecting to finish at the midpoint despite some ongoing uncertainties.

Defense Strength: Defense bookings reached record levels, up about 40% year-to-date, with $150 million of open RFQs and continued focus from increased government spending.

Performance Materials Recovery: Temporary equipment downtime impacted Performance Materials sales by about $10 million in Q3, but production is now normalized and Q4 is expected to see a significant improvement.

China Headwinds: Sales into China are down about 20% year-to-date due to geopolitical and tariff issues, and management expects continued pressure in this market.

New Energy Agreements: Materion secured new supply deals with Commonwealth Fusion Systems and continued partnership with Kairos Power, with shipments for fusion energy applications starting in Q4.

Key Financials
Adjusted EBITDA
$55.5 million
Adjusted EPS
$1.41
Value-Added Sales
$263.9 million
EBITDA Margin (Electronic Materials)
27.1%
Value-Added Sales (Performance Materials)
$157.1 million
EBITDA (Performance Materials)
$38 million
EBITDA Margin (Performance Materials)
24.2%
Value-Added Sales (Electronic Materials)
$79.7 million
EBITDA (Electronic Materials)
$21.6 million
Value-Added Sales (Precision Optics)
$27.1 million
EBITDA (Precision Optics)
$3.2 million
EBITDA Margin (Precision Optics)
11.8%
Net Debt
$441 million
Available Credit Capacity
$214 million
Leverage Ratio
2x
Free Cash Flow as % of Adjusted Net Income
roughly 70%
Stock Repurchase Program
$50 million authorized
Earnings Call Recording
Other Earnings Calls

Management

Mr. Jugal K. Vijayvargiya
CEO, President & Director
No Bio Available
Ms. Shelly M. Chadwick
CFO & VP of Finance
No Bio Available
Mr. Gregory R. Chemnitz
VP, General Counsel & Secretary
No Bio Available
Mr. Steven J. Holt
Chief Information Officer
No Bio Available
Mr. Kyle Kelleher
Manager of Investor Relations
No Bio Available
Ms. Shannon Bennett
Vice President of Global Communications
No Bio Available
Mr. Sam Fulton
Vice President of Strategy & Corporate Development
No Bio Available
Mr. Allen F. Reid
Chief Human Resources Officer
No Bio Available
Mr. John M. Zaranec
Division Chief Financial Officer Performance Materials
No Bio Available
Mr. Jason Moore
President of Precision Optics
No Bio Available

Contacts

Address
OHIO
Mayfield Heights
6070 Parkland Blvd
Contacts
+12163834931.0
materion.com