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MTRN NYSE· Materion Corp
Earnings report Q4 2023

Materion Corporation Reports Strong Revenue Growth in Latest Quarter

Segments of revenue

Materion Corporation, an integrated producer of high-performance advanced engineered materials, reported total net sales of $1.67 billion in the latest quarter. The company's value-added sales reached $1.13 billion, representing a significant increase compared to the previous year's performance.

Strengths

Materion Corporation demonstrated strong revenue growth in the latest quarter, with net sales increasing by approximately $157 million compared to the same period last year. This growth can be attributed to the company's diverse end markets, including semiconductor, industrial, aerospace and defense, automotive, energy, consumer electronics, and telecom and data center. Materion's ability to serve multiple industries has allowed it to capture opportunities and expand its customer base.

Challenges

Despite the overall positive performance, Materion Corporation faced challenges in managing its selling, general, and administrative (SG&A) expenses. SG&A expenses accounted for 14% of the company's value-added sales, which is slightly higher than the previous year. Materion should focus on optimizing its cost structure to improve profitability.

Noteworthy

Materion Corporation's gross margin as a percentage of value-added sales remained stable at 31% in the latest quarter. This indicates that the company effectively managed its cost of sales and maintained profitability. Additionally, Materion's research and development (R&D) expenses as a percentage of value-added sales remained consistent at 2%, demonstrating the company's commitment to innovation and product development.

Summary

Materion Corporation delivered a strong performance in the latest quarter, with significant revenue growth driven by its presence in various end markets. The company's ability to adapt to different industries has allowed it to capitalize on opportunities and expand its customer base. However, Materion should focus on optimizing its cost structure to improve profitability. Overall, Materion's stable gross margin and consistent investment in R&D highlight its commitment to innovation and long-term growth.

Source documents

Form 10-K  filed on Feb 15, 2024
120 pages scanned

Reference data

Company financials Q4 revenue 421M
Analyst estimates Q4 EPS beat by 0.28%
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