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Last $37.86 USD
Change Today -0.07 / -0.18%
Volume 71.6K
As of 8:04 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

materion corp (MTRN) Snapshot

Open
$37.81
Previous Close
$37.93
Day High
$38.03
Day Low
$37.32
52 Week High
11/7/14 - $40.60
52 Week Low
10/15/14 - $26.64
Market Cap
774.5M
Average Volume 10 Days
104.1K
EPS TTM
$1.71
Shares Outstanding
20.5M
EX-Date
02/17/15
P/E TM
22.1x
Dividend
$0.34
Dividend Yield
0.90%
Current Stock Chart for MATERION CORP (MTRN)

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materion corp (MTRN) Details

Materion Corporation manufactures and sells advanced engineered materials used in consumer electronics, industrial components, medical, automotive electronics, energy, telecommunications infrastructure, defense, and commercial aerospace markets worldwide. The company operates through three segments: Performance Alloys and Composites, Advanced Materials, and Other. The Performance Alloys and Composites segment provides strip products, including thin gauge precision strips, and thin diameter rod and wire; copper and nickel-based alloys manufactured in plate, rod, bar, tube, and other customized forms; beryllium hydroxide; and beryllium products, such as beryllium and aluminum metal matrix composites, beryllia ceramics, and bulk metallic glass materials. This segment also produces strip metal products with clad inlay and overlay metals consisting of precious and base metals electroplated systems, electron beam welded systems, contour profiled systems, and solder-coated metal systems. The Advanced Materials segment provides advanced chemicals, microelectronics packaging, precious metal, non-precious metal, and specialty metal products, including vapor deposition targets, frame lid assemblies, clad and precious metal pre-forms, high temperature braze materials, and ultra-fine wire. Its products are used in semiconductor, wireless, LED, and data storage applications within the consumer electronics, industrial components, and telecommunications infrastructure markets, as well as energy, medical, defense, and science markets. The Other segment offers sputter-coated precision thin film coatings and optical filter materials. The company distributes its products through a combination of company-owned facilities, and independent distributors and agents. The company was formerly known as Brush Engineered Materials Inc. and changed its name to Materion Corporation in 2011. Materion Corporation was founded in 1931 and is headquartered in Mayfield Heights, Ohio.

2,671 Employees
Last Reported Date: 02/27/15
Founded in 1931

materion corp (MTRN) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $825.2K
Vice President and General Counsel
Total Annual Compensation: $470.1K
Senior Vice President of Administration
Total Annual Compensation: $462.7K
Compensation as of Fiscal Year 2014.

materion corp (MTRN) Key Developments

Materion Corporation - Analyst/Investor Day

Materion Corporation - Analyst/Investor Day

Materion Corporation Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the First Quarter and Year of 2015

Materion Corporation announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. Net sales for the fourth quarter were $288.4 million, compared to net sales of $286.1 million for the fourth quarter of 2013. Operating profit for the fourth quarter of 2014 totaled $13.9 million against $5.4 million reported last year. Net income for the fourth quarter of 2014 was $12.0 million, or $0.58 per share, diluted. This compares to net income of $3.8 million, or $0.18 per share, diluted, for the fourth quarter of the prior year. Income before income taxes was $13.3 million against $4.7 million reported last year. Adjusted operating profit was $13.9 million against $10.4 million reported last year. Adjusted net income was $10.2 million or $0.5 per diluted share against $7.1 million or $0.34 per diluted share reported last year. Net sales for the full-year 2014 were $1.1 billion compared to net sales of $1.2 billion for 2013. Operating profit was $57 million against $26.8 million reported last year. Income before income taxes was $54.2 million against $23.8 million reported last year. Net income for the full year was $41.7 million or $2.00 per share, diluted, compared to net income of $19.7 million or $0.94 per share, diluted, for 2013. Net cash provided from operating activities was $60.3 million against $75.9 million reported last year. Payments for purchase of property, plant and equipment were $29.3 million against $27.8 million reported last year. Adjusted operating profit for 2014 of $48.5 million was up 53% compared to adjusted operating profit of $31.8 million for 2013. Adjusted net income for the full year was $34.3 million, or $1.65 per share, 50% ahead of 2013 adjusted earnings of $23.1 million or $1.10 per share. For the full-year 2015, earnings are expected to be in the range of $1.80 to $2.00 per share, diluted, 10-20% above 2014 adjusted earnings of $1.65 per share, diluted. The company expects effective tax guidance of 27%. Capital spending is expected approximately $30 million to $35 million excluding mine development expenditures. Mine development investments are expected $20 million to $25 million as the company is opening 2 separate pits in 2015 to support the anticipated future demand for beryllium hydroxide. Annual depreciation and amortization are expected approximately $40 million in 2015. First quarter of 2015 earnings are forecasted to be over 15% above prior year first quarter adjusted earnings of $0.29 per share. That first quarter of 2015 will most likely be the softer of the 4 quarters of 2015 given the lack of any large one-off beryllium shipments in the quarter and normal seasonality.

Materion Corporation Seeks Acquisitions

Dick Hipple, Chairman, President and Chief Executive Officer of Materion Corporation (NYSE:MTRN) said, "In addition to our strong organic growth plans, we have the financial capacity and ability to integrate bolt-on acquisitions to further accelerate that growth". Dick Hipple also added that Materion a disciplined process in place to explore future acquisition opportunities.

 

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Industry Analysis

MTRN

Industry Average

Valuation MTRN Industry Range
Price/Earnings 18.9x
Price/Sales 0.7x
Price/Book 1.7x
Price/Cash Flow 18.6x
TEV/Sales 0.7x
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