Materion Corp - MTRN STOCK NEWS

Materion Corporation has successfully completed the acquisition of H.C. Starck Solutions’ electronic materials business for $380 million in cash. This strategic acquisition, which enhances Materion's portfolio in the semiconductor industry, is anticipated to generate $145 million in revenue and $29 million in adjusted EBITDA annually. This deal is projected to add 19% to Materion’s Value-Added Sales, improving adjusted EBITDA margins. The acquisition strengthens their position with major semiconductor manufacturers and promises significant growth opportunities.

Materion Corporation (NYSE: MTRN) has declared a fourth quarter 2021 dividend of $0.12 per share, set to be paid on December 3, 2021. Shareholders of record by the close of business on November 12, 2021 will be eligible for the dividend. The company, based in Mayfield Heights, Ohio, specializes in providing advanced materials, including specialty metals and engineered alloys, to global markets.

Materion Corporation (NYSE: MTRN) will hold its quarterly conference call on November 2, 2021, at 9:00 a.m. Eastern Time, to discuss third quarter results. Key executives participating include Jugal Vijayvargiya (CEO), Shelly Chadwick (CFO), and John Zaranec (VP, Investor Relations). Interested parties can join by calling (877) 407-0778 or via a live webcast on the company's website. A replay will be available until November 16, 2021.

Materion supplies advanced engineered materials including specialty metals and inorganic chemicals across global markets.

Materion Corporation (NYSE: MTRN) has announced an agreement to acquire H.C. Starck Solutions’ electronic materials business for $380 million. This acquisition targets strategic entry into the high-growth semiconductor market by adding advanced manufacturing capabilities and premium products such as tantalum sputtering targets. The deal is expected to generate approximately $145 million in revenue and $29 million in adjusted EBITDA for 2021. The transaction is anticipated to enhance EBITDA margins by 100 basis points and provide long-term synergies, while bolstering Materion’s existing portfolio and market presence.

Materion Corporation (NYSE-MTRN) has declared a dividend of $0.12 per share for Q3 2021. This dividend will be payable on September 3, 2021 to shareholders on record as of the close of business on August 20, 2021. Materion, based in Mayfield Heights, Ohio, specializes in advanced enabling materials across various industries, offering products such as high-performance alloys, beryllium products, and microelectronics packaging materials.

Materion Corporation (NYSE: MTRN) reported robust second quarter results, achieving net sales of $371.0 million, up from $271.5 million year-over-year. Value-added sales reached a record $207.9 million, a 31% increase. Operating profit stood at $20.7 million, with adjusted EBIT at $22.1 million, reflecting a 73% year-over-year rise. Net income per diluted share was $0.87, an impressive 91% increase. The full-year outlook has been raised to $3.25 to $3.45 per share, indicating a 65% increase from the previous year.

Materion Corporation (NYSE: MTRN) has launched the ToughMet 2 CX90 alloy, a new cost-optimized solution aimed at heavy equipment bushings and bearings. This high-performance alloy addresses high friction and wear issues faced by manufacturers in industries such as construction and mining. With cost comparable to lower strength bronzes, ToughMet 2 offers enhanced load capacity and reduced maintenance needs, contributing to operational efficiency. The heavy equipment market is poised for recovery, providing opportunities for Materion as companies seek durable materials to meet increasing demands.

Materion Corporation (NYSE: MTRN) will attend the Jefferies Virtual Industrials Conference on August 4, 2021. Jugal Vijayvargiya, CEO, and Shelly Chadwick, CFO, will be available for virtual one-on-one meetings with investors. To schedule a meeting, contact your Jefferies institutional sales representative or Materion's investor relations team.

Materion, based in Mayfield Heights, Ohio, specializes in providing advanced materials including specialty metals, chemicals, coatings, and engineered alloys.

Materion Corporation (NYSE: MTRN) will conduct its quarterly conference call on August 3, 2021, at 9:00 a.m. Eastern Time to discuss its second quarter 2021 results. Executives including Jugal Vijayvargiya, CEO, and Shelly Chadwick, CFO, will be present to provide insights. Participants can join the call by dialing (877) 407-0778 or (201) 689-8565 internationally. A live webcast will be available on the Company’s website. The recorded playback will be accessible until August 17, 2021.