Materion reported strong financial results with record EBITDA and margin expansion, driven by strategic initiatives and cost management. However, challenges remain in specific segments like Precision Optics and ongoing market headwinds in automotive and industrial sectors.

Company Guidance

During the Materion Corporation's fourth quarter and full-year 2024 earnings call, the company provided guidance for 2025, highlighting several key metrics. Materion achieved record EBITDA in the fourth quarter, with a 240-basis-point margin expansion, reflecting strong operational performance and cost management. The full-year 2024 adjusted EBITDA margin reached the midterm target of 20% for the first time. Looking ahead, the company set a new midterm target of a 23% EBITDA margin, expecting an improvement of 300 basis points over the next several years. For 2025, Materion anticipates mid-single-digit growth in the semiconductor market, a recovery in the industrial sector, and continued strength in aerospace and defense. However, it expects challenges in the automotive market and headwinds in the precision clad strip business due to an ongoing inventory correction. Full-year 2025 adjusted earnings per share are projected to range between $5.30 and $5.70, representing a 3% increase at the midpoint from 2024.

Record EBITDA with Margin Expansion

Materion achieved record EBITDA in Q4 2024 with a 240 basis point margin expansion. This marks the company's fourth consecutive year of record EBITDA and EBITDA margins.

Strong Performance in Aerospace and Defense

Continued strong shipments in aerospace and defense contributed to Materion's performance, with new business wins including a $150 million multiyear agreement in space propulsion systems.

Strategic Initiatives and Cost Management

Materion eliminated underperforming non-core businesses, improved cost structure by reducing over 150 positions, and achieved a 390 basis point improvement in electronic materials EBITDA margins.

R&D Investment at an All-Time High

Materion's R&D spend in 2024 was at an all-time high, focusing on partnering with customers to deliver next-generation products and solutions.

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Materion (MTRN) Earnings, Revenues Date & History

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MTRN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Apr 24, 2025	2025 (Q1)	1.05 / -	0.96	―	―	―
Feb 19, 2025	2024 (Q4)	1.45 / 1.55	1.41	9.93% (+0.14)
Oct 30, 2024	2024 (Q3)	1.41 / 1.41	1.51	-6.62% (-0.10)
Aug 05, 2024	2024 (Q2)	1.39 / 1.42	1.38	2.90% (+0.04)
May 01, 2024	2024 (Q1)	0.96 / 0.96	1.34	-28.36% (-0.38)
Feb 15, 2024	2023 (Q4)	1.41 / 1.41	1.49	-5.37% (-0.08)
Nov 01, 2023	2023 (Q3)	1.42 / 1.51	1.31	15.27% (+0.20)
Aug 02, 2023	2023 (Q2)	1.36 / 1.38	1.28	7.81% (+0.10)
May 03, 2023	2023 (Q1)	1.28 / 1.34	1.2	11.67% (+0.14)
Feb 16, 2023	2022 (Q4)	1.40 / 1.49	1.03	44.66% (+0.46)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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MTRN Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 19, 2025	$99.61	$103.60	+4.01%
Oct 30, 2024	$106.33	$105.05	-1.20%
Aug 05, 2024	$103.04	$114.24	+10.87%
May 01, 2024	$114.47	$109.29	-4.53%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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