Materion Corp Stock Price, News & Analysis

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.

Materion Corporation (NYSE: MTRN) will participate in the Sidoti Virtual Investor Conference on June 23, 2021. Jugal Vijayvargiya, President and CEO, along with Shelly Chadwick, VP of Finance and CFO, will host a virtual fireside chat at 10 a.m. EDT. The company will also hold virtual one-on-one meetings with investors throughout the day.

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

Materion Corporation (NYSE:MTRN) partners with The Vera C. Rubin Observatory to create a custom optical filter set for the Legacy Survey of Space and Time Telescope (LSST) under construction in Chile. The LSST Camera will feature the world’s largest precision optical filters, enabling advanced spectral mapping. Materion's advanced materials expertise supports optical metrology, data capture, and vacuum coating. This initiative enhances Materion’s long-standing involvement in space exploration, including recent support for NASA’s Perseverance mission.

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.