Announcement • May 09
Materion Corporation announces Quarterly dividend, payable on June 12, 2026 Materion Corporation announced Quarterly dividend of USD 0.1450 per share payable on June 12, 2026, ex-date on May 28, 2026 and record date on May 28, 2026. Announcement • Apr 16
Materion Corporation to Report Q1, 2026 Results on Apr 29, 2026 Materion Corporation announced that they will report Q1, 2026 results Pre-Market on Apr 29, 2026 Announcement • Feb 23
Materion Corporation, Annual General Meeting, May 07, 2026 Materion Corporation, Annual General Meeting, May 07, 2026. Location: mt at the asher adams, autograph collection, hotel at 2 400 w, utah, salt lake United States Announcement • Feb 12
Materion Corporation Provides Earnings Guidance for the Year 2026 Materion Corporation announced earnings guidance for the year 2026. For the year, the company expects to capture strong sales growth across each of company's three businesses from new business wins and strong market conditions while driving performance improvements. With mid-single digit top line growth and continued margin expansion, the company is guiding to the range of $6.00 to $6.50. Announcement • Jan 27
Materion Corporation to Report Q4, 2025 Results on Feb 12, 2026 Materion Corporation announced that they will report Q4, 2025 results at 9:30 AM, US Eastern Standard Time on Feb 12, 2026 Announcement • Oct 29
Materion Corporation (NYSE:MTRN) announces an Equity Buyback for $50 million worth of its shares. Materion Corporation (NYSE:MTRN) announces a share repurchase program. Under the program, the company will repurchase up to $50 million of its shares. Announcement • Oct 23
Materion Corporation Declares Fourth Quarter Cash Dividend, Payable on December 5, 2025 Materion Corporation announced that its Board of Directors declared a fourth-quarter 2025 dividend of $0.14 per share of common stock. The dividend is payable on December 5, 2025, to shareholders of record at the close of business on November 13, 2025. Announcement • Oct 21
Materion Corporation to Report Q3, 2025 Results on Oct 29, 2025 Materion Corporation announced that they will report Q3, 2025 results at 9:30 AM, US Eastern Standard Time on Oct 29, 2025 Announcement • Aug 07
Materion Corporation Declares Third Quarter 2025 Cash Dividend, Payable on September 5, 2025 Materion Corporation announced that its Board of Directors declared a third-quarter 2025 dividend of $0.14 per share of common stock. The dividend is payable on September 5, 2025, to shareholders of record at the close of business on August 22, 2025. Announcement • Jul 18
Materion Corporation to Report Q2, 2025 Results on Jul 30, 2025 Materion Corporation announced that they will report Q2, 2025 results Pre-Market on Jul 30, 2025 Announcement • Jul 10
Materion Corporation (NYSE:MTRN) completed the acquisition of Manufacturing assets for tantalum solutions in Dangjin City, South Korea from KONASOL Co., Ltd. (XKON:A176590). Materion Corporation (NYSE:MTRN) agreed to acquire Manufacturing assets for tantalum solutions in Dangjin City, South Korea from KONASOL Co., Ltd. (XKON:A176590) on May 29, 2025. The transaction includes a newly constructed, state-of-the-art facility with specialized equipment used to produce fully finished tantalum sputtering targets.
The transaction is subject to regulatory review and is expected to close within 90 days.
Materion Corporation (NYSE:MTRN) completed the acquisition of Manufacturing assets for tantalum solutions in Dangjin City, South Korea from KONASOL Co., Ltd. (XKON:A176590) on July 09, 2025. Announcement • May 08
Materion Corporation Increases Quarterly Cash Dividend, Payable on June 13, 2025 Materion Corporation announced that its Board of Directors declared a second quarter 2025 dividend of $0.14 per share of common stock, an increase of $0.005 per share. The dividend is payable on June 13, 2025, to shareholders of record at the close of business on May 29, 2025. Announcement • May 01
Materion Corporation Provides Earnings Guidance for the Second Quarter and Second Half of 2025 Materion Corporation provided earnings guidance for the second quarter and full year 2025. for the year company expects second quarter to be slightly better than the first quarter, including a $0.10 to $0.15 earnings per share headwind relating to the current China tariffs which have customers electing to freeze orders as they await further clarity.
For the second half company expects additional impact of $0.40 to $0.50 earnings per share. We are currently taking measures to adjust supply chains where possible while reducing costs and pacing investments to minimize the impact on our results. Announcement • Apr 18
Materion Corporation to Report Q1, 2025 Results on May 01, 2025 Materion Corporation announced that they will report Q1, 2025 results Pre-Market on May 01, 2025 Announcement • Feb 28
Materion Corporation, Annual General Meeting, May 07, 2025 Materion Corporation, Annual General Meeting, May 07, 2025. Location: atlanta airport marriott gateway, 2020 convention center concourse, atlanta, georgia, United States Announcement • Feb 21
Materion Corporation Reports Unaudited Consolidated Impairment Charges for the Fourth Quarter Ended December 31, 2024 Materion Corporation reported unaudited consolidated impairment charges for the fourth quarter ended December 31, 2024. For the quarter, the company reported goodwill impairment of $56,067,000. Long-lived asset impairment was $17,134,000. Announcement • Feb 11
Materion Corporation to Report Q4, 2024 Results on Feb 19, 2025 Materion Corporation announced that they will report Q4, 2024 results Pre-Market on Feb 19, 2025 Announcement • Jan 30
Materion Corporation Declares First-Quarter 2025 Cash Dividend, Payable on March 7, 2025 Materion Corporation announced that its Board of Directors declared a first-quarter 2025 dividend of $0.135 per share of common stock. The dividend is payable on March 7, 2025, to shareholders of record at the close of business on February 20, 2025. Valuation Update With 7 Day Price Move • Nov 08
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €109, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 9x in the Metals and Mining industry in Europe. Total returns to shareholders of 41% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €201 per share. Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: US$1.07 (vs US$1.29 in 3Q 2023) Third quarter 2024 results: EPS: US$1.07 (down from US$1.29 in 3Q 2023). Revenue: US$436.7m (up 8.3% from 3Q 2023). Net income: US$22.3m (down 16% from 3Q 2023). Profit margin: 5.1% (down from 6.6% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 7% per year and the company’s share price has also increased by 7% per year. Declared Dividend • Oct 28
Second quarter dividend of US$0.14 announced Shareholders will receive a dividend of US$0.14. Ex-date: 14th November 2024 Payment date: 6th December 2024 Dividend yield will be 0.5%, which is lower than the industry average of 4.8%. Announcement • Oct 25
Materion Corporation Declares Fourth Quarter Cash Dividend, Payable on December 6, 2024 Materion Corporation announced that its Board of Directors declared a fourth-quarter 2024 dividend of $0.135 per share of common stock. The dividend is payable on December 6, 2024, to shareholders of record at the close of business on November 14, 2024. Announcement • Oct 24
Materion Corporation to Report Q3, 2024 Results on Oct 30, 2024 Materion Corporation announced that they will report Q3, 2024 results Pre-Market on Oct 30, 2024 Declared Dividend • Aug 19
Second quarter dividend of US$0.14 announced Shareholders will receive a dividend of US$0.14. Ex-date: 23rd August 2024 Payment date: 6th September 2024 Dividend yield will be 0.5%, which is lower than the industry average of 4.8%. Recent Insider Transactions • Aug 13
CEO, President & Director recently sold €2.0m worth of stock On the 9th of August, Jugal Vijayvargiya sold around 20k shares on-market at roughly €102 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Jugal's only on-market trade for the last 12 months. Announcement • Aug 09
Materion Corporation Declares Third-Quarter 2024 Dividend, Payable on September 6, 2024 Materion Corporation announced that its Board of Directors declared a third-quarter 2024 dividend of $0.135 per share of common stock. The dividend is payable on September 6, 2024, to shareholders of record at the close of business on August 23, 2024. Reported Earnings • Aug 06
Second quarter 2024 earnings released: EPS: US$0.92 (vs US$1.17 in 2Q 2023) Second quarter 2024 results: EPS: US$0.92 (down from US$1.17 in 2Q 2023). Revenue: US$425.9m (up 6.9% from 2Q 2023). Net income: US$19.0m (down 21% from 2Q 2023). Profit margin: 4.5% (down from 6.0% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.7% p.a. on average during the next 2 years, compared to a 2.0% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 17% per year. Announcement • Jul 26
Materion Corporation to Report Q2, 2024 Results on Aug 05, 2024 Materion Corporation announced that they will report Q2, 2024 results After-Market on Aug 05, 2024 Declared Dividend • May 20
First quarter dividend of US$0.14 announced Shareholders will receive a dividend of US$0.14. Ex-date: 22nd May 2024 Payment date: 7th June 2024 Dividend yield will be 0.5%, which is lower than the industry average of 4.8%. Announcement • May 11
Materion Corporation Declares Second-Quarter 2024 Dividend, Payable on June 7, 2024 Materion Corporation announced that its Board of Directors declared a second-quarter 2024 dividend of $0.135 per share of common stock, an increase of $0.005 per share. The dividend is payable on June 7, 2024, to shareholders of record at the close of business on May 23, 2024. New Risk • May 02
New major risk - Financial position The company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 19% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (19% operating cash flow to total debt). Minor Risk Significant insider selling over the past 3 months (€616k sold). Reported Earnings • May 02
First quarter 2024 earnings released: EPS: US$0.65 (vs US$1.24 in 1Q 2023) First quarter 2024 results: EPS: US$0.65 (down from US$1.24 in 1Q 2023). Revenue: US$385.3m (down 13% from 1Q 2023). Net income: US$13.4m (down 48% from 1Q 2023). Profit margin: 3.5% (down from 5.8% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 8.8% p.a. on average during the next 3 years, compared to a 1.5% growth forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 24% per year whereas the company’s share price has increased by 20% per year. Announcement • Apr 27
Materion Corporation to Report Q1, 2024 Results on May 01, 2024 Materion Corporation announced that they will report Q1, 2024 results After-Market on May 01, 2024 Recent Insider Transactions • Feb 23
VP, General Counsel & Secretary recently sold €371k worth of stock On the 20th of February, Gregory Chemnitz sold around 3k shares on-market at roughly €124 per share. This transaction amounted to 13% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.2m more than they bought in the last 12 months. Announcement • Feb 23
Materion Corporation, Annual General Meeting, May 09, 2024 Materion Corporation, Annual General Meeting, May 09, 2024, at 08:00 US Eastern Standard Time. Location: Renaissance Providence Downtown Hotel in Providence, Rhode Island Providence Rhode Island United States Reported Earnings • Feb 16
Full year 2023 earnings released: EPS: US$4.64 (vs US$4.19 in FY 2022) Full year 2023 results: EPS: US$4.64 (up from US$4.19 in FY 2022). Revenue: US$1.67b (down 5.2% from FY 2022). Net income: US$95.7m (up 11% from FY 2022). Profit margin: 5.7% (up from 4.9% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 7.4% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Feb 14
Upcoming dividend of US$0.13 per share at 0.4% yield Eligible shareholders must have bought the stock before 21 February 2024. Payment date: 08 March 2024. Payout ratio is a comfortable 10% and this is well supported by cash flows. Trailing yield: 0.4%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (5.9%). Declared Dividend • Feb 04
Third quarter dividend of US$0.13 announced Shareholders will receive a dividend of US$0.13. Ex-date: 21st February 2024 Payment date: 8th March 2024 Dividend yield will be 0.4%, which is lower than the industry average of 4.8%. Payout Ratios Payout ratio: 10%. Cash payout ratio: 22%. Announcement • Feb 02
Materion Corporation to Report Q4, 2023 Results on Feb 15, 2024 Materion Corporation announced that they will report Q4, 2023 results Pre-Market on Feb 15, 2024 Announcement • Feb 01
Materion Corporation Declares Quarterly Cash Dividend, Payable on March 8, 2024 Materion Corporation announced that its Board of Directors declared its first-quarter 2024 dividend of $0.13 per share of common stock. The dividend is payable on March 8, 2024, to shareholders of record at the close of business on February 22, 2024. Upcoming Dividend • Nov 08
Upcoming dividend of US$0.13 per share at 0.5% yield Eligible shareholders must have bought the stock before 15 November 2023. Payment date: 08 December 2023. Payout ratio is a comfortable 10% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (8.7%). Announcement • Nov 02
Materion Corporation Announces Earnings Guidance for Full Year Ended December 31, 2023 Materion Corporation announced earnings guidance for full year ended December 31, 2023. For the year the company expects the GAAP diluted earnings per share of $5.00 to $5.20. Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: US$1.29 (vs US$0.97 in 3Q 2022) Third quarter 2023 results: EPS: US$1.29 (up from US$0.97 in 3Q 2022). Revenue: US$403.1m (down 5.9% from 3Q 2022). Net income: US$26.6m (up 33% from 3Q 2022). Profit margin: 6.6% (up from 4.7% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Announcement • Oct 26
Materion Corporation Declares Quarterly Cash Dividend for the Fourth Quarter 2023, Payable on December 8, 2023 Materion Corporation announced that its Board of Directors declared a fourth-quarter 2023 dividend of $0.13 per share of common stock. The dividend is payable on December 8, 2023, to shareholders of record at the close of business on November 16, 2023. Announcement • Oct 19
Materion Corporation to Report Q3, 2023 Results on Nov 01, 2023 Materion Corporation announced that they will report Q3, 2023 results Pre-Market on Nov 01, 2023 Upcoming Dividend • Aug 17
Upcoming dividend of US$0.13 per share at 0.5% yield Eligible shareholders must have bought the stock before 24 August 2023. Payment date: 07 September 2023. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (8.7%). Announcement • Aug 10
Materion Corporation Declares Dividend for Third-Quarter 2023, Payable on September 7, 2023 Materion Corporation announced that its Board of Directors declared its third-quarter 2023 dividend of $0.13 per share of common stock. The dividend is payable on September 7, 2023, to shareholders of record at the close of business on August 25, 2023. Buying Opportunity • Aug 04
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 1.6%. The fair value is estimated to be €121, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 46%. Revenue is forecast to grow by 3.7% in a year. Earnings is forecast to grow by 22% in the next year. Reported Earnings • Aug 03
Second quarter 2023 earnings released: EPS: US$1.17 (vs US$1.13 in 2Q 2022) Second quarter 2023 results: EPS: US$1.17 (up from US$1.13 in 2Q 2022). Revenue: US$398.6m (down 11% from 2Q 2022). Net income: US$24.1m (up 3.6% from 2Q 2022). Profit margin: 6.0% (up from 5.2% in 2Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, while revenues in the Metals and Mining industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Announcement • Jul 22
Materion Corporation to Report Q2, 2023 Results on Aug 02, 2023 Materion Corporation announced that they will report Q2, 2023 results on Aug 02, 2023 Buying Opportunity • Jun 05
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 8.5%. The fair value is estimated to be €123, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 47%. Revenue is forecast to grow by 5.3% in a year. Earnings is forecast to grow by 18% in the next year. Upcoming Dividend • May 23
Upcoming dividend of US$0.13 per share at 0.5% yield Eligible shareholders must have bought the stock before 30 May 2023. Payment date: 15 June 2023. Payout ratio is a comfortable 11% and this is well supported by cash flows. Trailing yield: 0.5%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (8.9%). Recent Insider Transactions • May 20
VP, General Counsel & Secretary recently sold €224k worth of stock On the 17th of May, Gregory Chemnitz sold around 2k shares on-market at roughly €94.27 per share. This transaction amounted to 8.8% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €311k. Insiders have been net sellers, collectively disposing of €630k more than they bought in the last 12 months. Announcement • May 18
Materion Corporation Increases Cash Dividend for the First Quarter 2023, Payable on June 15, 2023 Materion Corporation announced that its Board of Directors declared its first-quarter 2023 dividend of $0.13 per share of common stock, an increase of $0.005 per share, or approximately 5%. The dividend is payable on June 15, 2023, to shareholders of record at the close of business on May 31, 2023. Recent Insider Transactions • May 11
Independent Director recently sold €95k worth of stock On the 8th of May, Emily Liggett sold around 1k shares on-market at roughly €94.54 per share. This transaction amounted to 28% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth €311k. Insiders have been net sellers, collectively disposing of €767k more than they bought in the last 12 months. Buying Opportunity • May 05
Now 22% undervalued Over the last 90 days, the stock is up 14%. The fair value is estimated to be €123, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 47%. Revenue is forecast to grow by 5.2% in a year. Earnings is forecast to grow by 18% in the next year. Reported Earnings • May 03
First quarter 2023 earnings released: EPS: US$1.24 (vs US$0.69 in 1Q 2022) First quarter 2023 results: EPS: US$1.24 (up from US$0.69 in 1Q 2022). Revenue: US$442.5m (down 1.5% from 1Q 2022). Net income: US$25.6m (up 83% from 1Q 2022). Profit margin: 5.8% (up from 3.1% in 1Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 1.2% decline forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 30% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Mar 11
Now 20% undervalued Over the last 90 days, the stock is up 30%. The fair value is estimated to be €129, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 38%. Revenue is forecast to grow by 10% in 2 years. Earnings is forecast to grow by 42% in the next 2 years. Recent Insider Transactions • Mar 01
VP, General Counsel & Secretary recently sold €311k worth of stock On the 27th of February, Gregory Chemnitz sold around 3k shares on-market at roughly €104 per share. This transaction amounted to 11% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €673k more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Feb 23
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to €99.50, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 9x in the Metals and Mining industry in Europe. Total returns to shareholders of 140% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €122 per share. Buying Opportunity • Feb 22
Now 20% undervalued Over the last 90 days, the stock is up 34%. The fair value is estimated to be €127, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 38%. Revenue is forecast to grow by 10% in 2 years. Earnings is forecast to grow by 43% in the next 2 years. Reported Earnings • Feb 17
Full year 2022 earnings released: EPS: US$4.19 (vs US$3.55 in FY 2021) Full year 2022 results: EPS: US$4.19 (up from US$3.55 in FY 2021). Revenue: US$1.76b (up 16% from FY 2021). Net income: US$86.0m (up 19% from FY 2021). Profit margin: 4.9% (up from 4.8% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 1.6% decline forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Feb 15
Upcoming dividend of US$0.13 per share at 0.6% yield Eligible shareholders must have bought the stock before 22 February 2023. Payment date: 10 March 2023. Payout ratio is a comfortable 13% but the company is paying out more than the cash it is generating. Trailing yield: 0.6%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (8.3%). Announcement • Feb 03
Materion Corporation to Report Q4, 2022 Results on Feb 16, 2023 Materion Corporation announced that they will report Q4, 2022 results Pre-Market on Feb 16, 2023 Announcement • Feb 02
Materion Corporation Announces Cash Dividend for the Fourth Quarter 2022, Payable on March 10, 2023 Materion Corporation announced that its Board of Directors declared its fourth quarter 2022 dividend of $0.125 per share of common stock. The dividend is payable on March 10, 2023, to shareholders of record at the close of business on February 23, 2023. Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 5 highly experienced directors. Independent Director Emily Liggett was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Nov 08
Upcoming dividend of US$0.13 per share Eligible shareholders must have bought the stock before 15 November 2022. Payment date: 08 December 2022. Payout ratio is a comfortable 13% but the company is paying out more than the cash it is generating. Trailing yield: 0.7%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (9.4%). Reported Earnings • Nov 03
Third quarter 2022 earnings released: EPS: US$0.97 (vs US$0.89 in 3Q 2021) Third quarter 2022 results: EPS: US$0.97 (up from US$0.89 in 3Q 2021). Revenue: US$428.2m (up 10% from 3Q 2021). Net income: US$20.0m (up 9.9% from 3Q 2021). Profit margin: 4.7% (in line with 3Q 2021). Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 3.3% decline forecast for the Metals and Mining industry in Europe. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Announcement • Oct 29
Materion Corporation Declares Quarterly Cash Dividend, Payable on December 8, 2022 Materion Corporation announced that its Board of Directors declared its fourth quarter 2022 dividend of $0.125 per share of common stock. The dividend is payable on December 8, 2022, to shareholders of record at the close of business on November 16, 2022. Announcement • Oct 20
Materion Corporation to Report Q3, 2022 Results on Nov 02, 2022 Materion Corporation announced that they will report Q3, 2022 results Pre-Market on Nov 02, 2022 Announcement • Aug 12
Materion Corporation Declares Dividend for the Third Quarter 2022, Payable on September 8, 2022 Materion Corporation announced that its Board of Directors declared its third quarter 2022 dividend of $0.125 per share of common stock. The dividend is payable on September 8, 2022 to shareholders of record at the close of business on August 24, 2022. Reported Earnings • Aug 04
Second quarter 2022 earnings released: EPS: US$1.13 (vs US$0.88 in 2Q 2021) Second quarter 2022 results: EPS: US$1.13 (up from US$0.88 in 2Q 2021). Revenue: US$445.3m (up 20% from 2Q 2021). Net income: US$23.3m (up 30% from 2Q 2021). Profit margin: 5.2% (up from 4.8% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 10%, compared to a 25% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth. Board Change • Aug 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 5 highly experienced directors. Independent Director Emily Liggett was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Jul 21
Materion Corporation to Report Q2, 2022 Results on Aug 03, 2022 Materion Corporation announced that they will report Q2, 2022 results at 9:30 AM, US Eastern Standard Time on Aug 03, 2022 Board Change • Jul 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 3 experienced directors. 5 highly experienced directors. Independent Director Emily Liggett was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • May 19
Upcoming dividend of US$0.13 per share Eligible shareholders must have bought the stock before 26 May 2022. Payment date: 16 June 2022. Payout ratio is a comfortable 14% but the company is not cash flow positive. Trailing yield: 0.6%. Lower than top quartile of German dividend payers (4.4%). Lower than average of industry peers (7.9%). Recent Insider Transactions • May 17
VP, General Counsel & Secretary recently sold €361k worth of stock On the 13th of May, Gregory Chemnitz sold around 5k shares on-market at roughly €76.86 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Announcement • May 10
Materion Corporation Appoints John Zaranec as Chief Accounting Officer Materion Corporation announced that John Zaranec has been appointed chief accounting officer, effective May 4, 2022. In his role, John is responsible for all accounting related functions within the company, including ensuring the completeness and accuracy of internal and external financial reporting, directing and developing global accounting policies practices and procedures, maintaining a robust framework of internal controls, and developing an appropriate organizational structure to support the company’s growth objectives. In addition to these responsibilities, John also leads the company’s investor relations function where he develops and executes Materion’s program to effectively communicate the company’s strategy and financial performance to the investment community. John reports to Shelly Chadwick, Materion vice president and chief financial officer. John joined Materion in April 2021 as vice president, corporate controller and investor relations. Prior to joining Materion, he served as head of global accounting and reporting for The Timken Company. Announcement • May 05
Materion Corporation Announces Second Quarter 2022 Dividend, Payable on June 16, 2022 Materion Corporation announced that its Board of Directors declared its second quarter 2022 dividend of $0.125 per share of common stock, an increase of $0.005 per share, or approximately 5%. The dividend is payable on June 16, 2022 to shareholders of record at the close of business on May 27, 2022. Reported Earnings • Apr 29
First quarter 2022 earnings released: EPS: US$0.69 (vs US$0.82 in 1Q 2021) First quarter 2022 results: EPS: US$0.69 (down from US$0.82 in 1Q 2021). Revenue: US$449.0m (up 27% from 1Q 2021). Net income: US$14.0m (down 16% from 1Q 2021). Profit margin: 3.1% (down from 4.7% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 9.1%, compared to a 33% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Announcement • Apr 15
Materion Corporation to Report Q1, 2022 Results on Apr 28, 2022 Materion Corporation announced that they will report Q1, 2022 results Pre-Market on Apr 28, 2022 Reported Earnings • Feb 18
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: US$3.55 (up from US$0.76 in FY 2020). Revenue: US$1.51b (up 28% from FY 2020). Net income: US$72.5m (up 369% from FY 2020). Profit margin: 4.8% (up from 1.3% in FY 2020). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.0%. Over the next year, revenue is forecast to grow 14%, compared to a 13% growth forecast for the mining industry in Germany. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Feb 16
Upcoming dividend of US$0.12 per share Eligible shareholders must have bought the stock before 23 February 2022. Payment date: 11 March 2022. Payout ratio is a comfortable 16% but the company is not cash flow positive. Trailing yield: 0.6%. Lower than top quartile of German dividend payers (3.3%). Lower than average of industry peers (7.4%). Announcement • Feb 08
Materion Corporation, Annual General Meeting, May 04, 2022 Materion Corporation, Annual General Meeting, May 04, 2022, at 08:30 US Eastern Standard Time. Announcement • Feb 04
Materion Corporation to Report Q4, 2021 Results on Feb 17, 2022 Materion Corporation announced that they will report Q4, 2021 results Pre-Market on Feb 17, 2022 Announcement • Feb 02
Materion Corporation Announces Quarterly Cash Dividend for the First Quarter 2022, Payable on March 11, 2022 Materion Corporation announced that its Board of Directors declared its first quarter 2022 dividend of $0.12 per share of common stock. The dividend is payable on March 11, 2022 to shareholders of record at the close of business on February 24, 2022. Valuation Update With 7 Day Price Move • Nov 09
Investor sentiment improved over the past week After last week's 23% share price gain to €81.50, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 7x in the Metals and Mining industry in Europe. Total returns to shareholders of 70% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €147 per share. Reported Earnings • Nov 04
Third quarter 2021 earnings released: EPS US$0.89 (vs US$0.27 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$388.0m (up 35% from 3Q 2020). Net income: US$18.2m (up 232% from 3Q 2020). Profit margin: 4.7% (up from 1.9% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 18% per year whereas the company’s share price has increased by 14% per year. Upcoming Dividend • Nov 03
Upcoming dividend of US$0.12 per share Eligible shareholders must have bought the stock before 10 November 2021. Payment date: 03 December 2021. Trailing yield: 0.6%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (7.3%). Announcement • Sep 21
Materion Corporation (NYSE:MTRN) agreed to acquire H.C. Starck Inc. for $380 million. Materion Corporation (NYSE:MTRN) agreed to acquire H.C. Starck Inc. for $380 million on September 19, 2021. HCS-Electronic Materials is expected to generate revenue of approximately $145 million in 2021, adding over 19% in Value-Added Sales, and adjusted EBITDA of approximately $29 million, representing an adjusted EBITDA margin of approximately 20%. The addition is expected to be immediately accretive to Materion’s adjusted EBITDA margin by 100 basis points. The purchase price of $380 million reflects an approximate 13x estimated 2021 adjusted EBITDA multiple before synergies, and an approximate 10x estimated adjusted EBITDA multiple including projected run-rate synergies. Following closing of the transaction, HCS-Electronic Materials will be part of Materion’s Advanced Materials segment. The acquisition of HCS-Electronic Materials is structured as an equity purchase. Materion expects to finance the transaction utilizing a new term loan along with borrowings from its revolving credit agreement. Pro forma net debt to adjusted EBITDA is expected to be approximately 2.9x at the time of close, within the company’s stated target leverage range of 1.5x to 3.0x. Materion expects to generate strong cash flow and deploy it towards deleveraging to the middle of the range within 24 months post close. If the agreement is terminated after the several conditions mentioned in merger agreement then buyer will pay a termination fee of $15.2 million to H.C. Starck GmbH. The transaction is subject to customary closing conditions, including regulatory approvals, the absence of legal restraints and the termination or expiration of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. The transaction is expected to close in the fourth quarter of 2021. J.P. Morgan is serving as exclusive financial advisor and Peter E. izanec of Jones Day as legal counsel to Materion. Helena Drury of Advent International and Bob kennedy and Rolf Fueger of Milbank LLP acted as legal advisor to H.C. Starck GmbH. Upcoming Dividend • Aug 12
Upcoming dividend of US$0.12 per share Eligible shareholders must have bought the stock before 19 August 2021. Payment date: 03 September 2021. Trailing yield: 0.6%. Lower than top quartile of German dividend payers (3.1%). Lower than average of industry peers (6.1%). Reported Earnings • Aug 04
Second quarter 2021 earnings released: EPS US$0.88 (vs US$0.33 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: US$371.0m (up 37% from 2Q 2020). Net income: US$17.9m (up 168% from 2Q 2020). Profit margin: 4.8% (up from 2.5% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • May 19
Upcoming dividend of US$0.12 per share Eligible shareholders must have bought the stock before 26 May 2021. Payment date: 11 June 2021. Trailing yield: 0.6%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (4.3%). Announcement • May 07
Materion Corporation Declares Second Quarter Dividend, Payable on June 11, 2021 Materion Corporation announced that its Board of Directors declared a second quarter 2021 dividend of $0.12 per share of common stock, an increase of $0.005 per share, or approximately 5%. The dividend is payable on June 11, 2021 to shareholders of record at the close of business on May 27, 2021. Reported Earnings • May 02
First quarter 2021 earnings released: EPS US$0.82 (vs US$0.19 loss in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$354.4m (up 28% from 1Q 2020). Net income: US$16.8m (up US$20.6m from 1Q 2020). Profit margin: 4.7% (up from net loss in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 11% per year. Announcement • Mar 03
Materion Corporation and Radian Audio Partner to Increase Production of High-End Truextent® Acoustic Beryllium Diaphragms Materion Corporation and Radian Audio have announced that they will partner together to manufacture Truextent® premium acoustic beryllium diaphragms used in high-end loudspeakers for both the pro audio and home audiophile markets. Materion has produced Truextent acoustic beryllium speaker domes, cones and diaphragms for more than 20 years, supplying high-end speaker makers around the globe. Recognized around the world by OEMs and ODMs, Truextent genuine all beryllium acoustic components enable these firms to provide their clientele with unrivaled crystal-clear sound reproduction, thanks to beryllium’s high stiffness-to-weight ratio. This property improves the diaphragm’s pistonic motion, dramatically reducing unwanted distortion or sound “breakup.” This partnership will enable Materion to offer increased volume to support the growing high-end acoustic industry and support continued growth into the next decade. It also sets the stage for potential future collaborative efforts between the companies in the effort to bring the acoustic benefits of beryllium to a wider audience. Radian Audio is a fully integrated manufacturer, from concept, design, and assembly of LF and HF transducers. It has a global supply chain to match its domestic and international sales. Is New 90 Day High Low • Mar 03
New 90-day high: €60.50 The company is up 25% from its price of €48.40 on 03 December 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Metals and Mining industry, which is up 52% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €78.68 per share. Recent Insider Transactions • Feb 25
VP, General Counsel & Secretary recently sold €370k worth of stock On the 22nd of February, Gregory Chemnitz sold around 7k shares on-market at roughly €55.16 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €937k more than they bought in the last 12 months.