The earnings call presented a mixed picture for Materion. While the company achieved record EBITDA margins and continued strong performance in the defense and space markets, it faced challenges with declining sales, a slow recovery in the semiconductor market, and significant issues in the Precision Optics segment. The company's strategic actions to optimize its portfolio and footprint are positive steps, but the current market softness remains a concern.

Company Guidance

During the third quarter 2024 earnings call, Materion provided a detailed guidance update, highlighting several key metrics and financial outcomes. The company reported value-added sales of $263.8 million, a 2% decrease from the prior year, primarily due to market softness and lower precision clad strip sales. However, they achieved a record adjusted EBITDA margin of 21.5%, marking the fourth time in six quarters that margins exceeded their 20% target. Adjusted earnings per share were $1.41, down 7% year-over-year. By segment, Performance Materials saw a 3% decline in value-added sales to $163.6 million, while Electronic Materials experienced a 3% increase in value-added sales to $77.8 million. The Precision Optics segment, however, faced a 14% decline in value-added sales. Looking ahead, Materion anticipates sequential sales improvement in Q4, driven by seasonal factors and a rebound in beryllium nickel demand. They forecast full-year 2024 adjusted earnings per share between $5.20 and $5.40, despite ongoing market challenges.

Record EBITDA Margins

Achieved record EBITDA margins of 21.5% for the quarter, with consistent performance above 20% for four of the last six quarters.

Strong Defense and Space Market

Continued strength in the space and defense markets, achieving the 14th consecutive quarter of growth in aerospace and defense demand.

Portfolio Optimization

Announced the sale of a facility in Albuquerque to eliminate underperforming noncore businesses, and continued optimization of the company's footprint, leading to a 400 basis point improvement in Electronic Materials EBITDA margins on lower volume.

New Business Wins

Secured new business wins in defense and space markets, including a contract with the U.S. Army and a selection for a NASA telescope project.

---

Materion (MTRN) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

MTRN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 13, 2025	2024 (Q4)	1.46 / -	1.41	―	―	―
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)
Nov 02, 2022	2022 (Q3)	1.42 / 1.31	1.1	19.09% (+0.21)

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

---

MTRN Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Oct 30, 2024	$106.47	$105.19	-1.20%
Aug 05, 2024	$103.17	$114.38	+10.87%
May 01, 2024	$114.62	$109.44	-4.52%
Feb 15, 2024	$123.85	$136.84	+10.49%

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.

---