NYSE$MTRN
Materion Corporation · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Materion's Q2 2024 financial results were released, showcasing record performance and updated earnings guidance.
Materion Corporation reported record second quarter 2024 financial results, with net sales of $425.9 million and adjusted earnings per share of $1.42. The company has updated its full-year adjusted earnings per share guidance to $5.60-$5.90.
- Net sales reached $425.9 million, with value-added sales hitting a second-quarter record of $279.8 million, up 4% year-over-year.
- Net income was $19.0 million, or $0.91 per share, diluted; adjusted earnings were $1.42 per share, a 3% increase year-over-year.
- Adjusted EBITDA reached a record $57.8 million for the quarter, compared to $55.5 million in the prior year.
- Full-year adjusted earnings per share range was updated to $5.60–5.90, a 2% increase from the prior year at the midpoint.
Headline financials
Revenue & EPS history
Materion · Revenue · Quarterly
$425M
Revenue by segment
Materion · $403M total across 3 segments · Q3 2023
- Electronic Materials$192M-16.7%47.7%
- Performance Materials$185M+9.0%45.8%
- Precision Optics$26.2M-6.4%6.5%
Forward guidance
Despite a softening outlook in semiconductor, automotive, and industrial end-market demand, Materion remains confident in its ability to deliver another year of record results. The company is revising its full-year 2024 adjusted earnings per share range to $5.60 to $5.90, an increase of 2% from the prior year at the midpoint.
Tailwinds
- Continued to win new business.
- Drove operational improvements throughout the company.
- Confident in ability to execute.
- Confident to deliver another year of record results.
- Adjusted earnings per share range is revised to $5.60 to $5.90.
Headwinds
- Outlook for semiconductor demand has softened.
- Outlook for automotive end-market demand has softened.
- Outlook for industrial end-market demand has softened.
- Lowering the top end of guidance.
- Unable to reconcile forecasted range of adjusted earnings guidance for the full year to a comparable GAAP range without unreasonable effort.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2024
+2.0%
Avg return
Earnings day
+2.8%
Avg return
5 days after
+3.7%
Avg return
30 days after
52%
34 / 65 earnings
Positive
+26.3%
Q4 2022
Best reaction
-18.8%
Q3 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +6.5% | +6.8% | +23.9% | |
| Q4 2025 | +1.2% | -2.4% | -13.4% | |
| Q3 2025 | -13.0% | -14.5% | -8.7% | |
| Q1 2025 | +1.5% | -5.7% | -6.7% | |
| Q4 2024 | +4.0% | -6.7% | -14.1% | |
| Q3 2024 | -4.7% | -0.5% | +8.5% | |
| Q2 2024 | +6.7% | +3.9% | -0.2% | |
| Q1 2024 | -4.5% | -6.1% | -0.5% | |
| Q4 2023 | +10.7% | +5.7% | +4.1% | |
| Q3 2023 | +9.4% | +14.0% | +18.9% | |
| Q2 2023 | -11.2% | -8.6% | -4.9% | |
| Q1 2023 | -0.4% | -2.4% | +2.1% | |
| Q4 2022 | +26.3% | +21.4% | +18.8% | |
| Q3 2022 | -18.8% | -14.4% | -3.4% | |
| Q2 2022 | +5.9% | +7.8% | -0.4% | |
| Q1 2022 | +8.5% | +7.6% | +6.2% | |
| Q4 2021 | +1.6% | -4.2% | -2.0% | |
| Q3 2021 | +23.8% | +26.9% | +16.3% | |
| Q2 2021 | +2.8% | +4.5% | +4.2% | |
| Q1 2021 | +4.8% | +9.8% | +16.7% | |
| Q4 2020 | -2.9% | -1.0% | +0.9% | |
| Q3 2020 | -3.0% | -8.3% | +8.5% | |
| Q2 2020 | -5.8% | -7.1% | -8.1% | |
| Q1 2020 | +16.6% | +18.5% | +19.8% | |
| Q4 2019 | -9.2% | -11.0% | -35.1% | |
| Q3 2019 | -9.1% | -6.6% | -6.6% | |
| Q2 2019 | -0.5% | -1.7% | -8.6% | |
| Q1 2019 | +21.1% | +21.5% | +4.0% | |
| Q4 2018 | +19.8% | +19.5% | +21.4% | |
| Q3 2018 | +15.0% | +13.9% | +4.9% | |
| Q2 2018 | +6.1% | +8.4% | +9.9% | |
| Q1 2018 | -1.7% | -2.8% | +4.4% | |
| Q4 2017 | +6.2% | +8.0% | +15.2% | |
| Q3 2017 | +16.9% | +19.7% | +17.6% | |
| Q2 2017 | +3.3% | +1.7% | +0.3% | |
| Q1 2017 | +1.5% | -3.5% | -2.7% | |
| Q4 2016 | -7.1% | -7.8% | -13.2% | |
| Q3 2016 | +0.7% | +1.0% | +32.4% | |
| Q2 2016 | +2.3% | +2.4% | +13.9% | |
| Q1 2016 | -1.7% | — | — | |
| Q4 2015 | -2.3% | — | — | |
| Q3 2015 | -5.9% | — | — | |
| Q2 2015 | -9.3% | — | — | |
| Q1 2015 | -2.2% | — | — | |
| Q4 2014 | +2.6% | — | — | |
| Q3 2014 | +24.8% | — | — | |
| Q2 2014 | -9.9% | — | — | |
| Q1 2014 | +1.3% | — | — | |
| Q4 2013 | +6.5% | — | — | |
| Q3 2013 | +0.8% | — | — | |
| Q2 2013 | +3.1% | — | — | |
| Q1 2013 | -5.7% | — | — | |
| Q4 2012 | -2.5% | — | — | |
| Q3 2012 | -2.6% | — | — | |
| Q2 2012 | -2.0% | — | — | |
| Q1 2012 | -2.5% | — | — | |
| Q1 2010 | -3.5% | — | — | |
| Q4 2011 | -3.5% | — | — | |
| Q1 2011 | -3.5% | — | — | |
| Q4 2009 | -3.5% | — | — | |
| Q3 2010 | -1.6% | — | — | |
| Q3 2011 | -1.6% | — | — | |
| Q2 2010 | +7.3% | — | — | |
| Q4 2010 | +7.3% | — | — | |
| Q2 2011 | +7.3% | — | — |
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