Materion Non-GAAP EPS of $1.28 beats by $0.04, revenue of $445.3M misses by $10.18M

Aug. 03, 2022 6:49 AM ETMaterion Corporation (MTRN)By: Pranav Ghumatkar, SA News Editor
  • Materion press release (NYSE:MTRN): Q2 Non-GAAP EPS of $1.28 beats by $0.04.
  • Revenue of $445.3M (+20.0% Y/Y) misses by $10.18M.
  • Operating profit was $31.9 million; adjusted earnings before interest, taxes, depreciation, depletion and amortization was a record $47.0 million, an increase of 44% and a 120-basis point margin expansion year over year.
  • While we continue to monitor various macroeconomic factors that could intensify headwinds, we remain confident in our full year outlook with the strength of our order book, organic outgrowth resulting from our customer initiatives, and the full year impact of the HCS-Electronic Materials acquisition. As a result, we are affirming the 2022 adjusted earnings per share guidance in the range of $5.50 to $5.90.

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