Materion Corporation Reports Second Quarter Earnings Results for FY2023
August 10, 2023
🌥️Earnings Overview
MATERION CORPORATION ($NYSE:MTRN) announced its earnings results for the second quarter of FY2023, ending on June 30 2023, on August 2 2023. The company’s total revenue for the quarter amounted to USD 398.6 million, which was a decrease of 10.5% from the same period in the previous year. Net income for the period was USD 24.1 million, a growth of 3.5% compared to the year before.
Share Price
The company’s stock opened at $110.6 and closed at $107.9, representing a 7.7% drop from the prior closing price of $116.9. This decrease in revenue was mainly due to a 2% decrease in metals sales and a 4% decrease in electronic components sales. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Materion Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 1.7k | 98.39 | 5.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Materion Corporation. More…
| Operations | Investing | Financing |
| 165.06 | -101.81 | -77.81 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Materion Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.74k | 890.59 | 41.11 |
Key Ratios Snapshot
Some of the financial key ratios for Materion Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 14.5% | 37.7% | 8.5% |
| FCF Margin | ROE | ROA |
| 3.6% | 10.9% | 5.2% |
Analysis
Our analysis of MATERION CORPORATION has revealed some interesting insights. According to the Star Chart, MATERION CORPORATION is strong in asset, dividend, and growth but medium in profitability. Based on this, we can classify MATERION CORPORATION as a ‘cheetah’, a type of company that has achieved high revenue or earnings growth yet is considered less stable due to lower profitability. Therefore, investors interested in high-growth stocks may be interested in MATERION CORPORATION. When it comes to health, MATERION CORPORATION has a high score of 8/10. This considers cashflows and debt, both of which are important factors in determining the health of a company. This means that MATERION CORPORATION is capable of safely riding out any crisis without the risk of bankruptcy. We believe that this makes MATERION CORPORATION an attractive stock for investors to consider. More…
Peers
Materion Corp, Advanced Technology & Materials Co Ltd, Toho Titanium Co Ltd, and Anhui Xinke New Materials Co Ltd are all in competition with each other to be the leading supplier of titanium and other materials. All four companies are striving to develop new and innovative ways to produce titanium and other materials faster, cheaper, and with fewer emissions.
– Advanced Technology & Materials Co Ltd ($SZSE:000969)
Advanced Technology & Materials Co Ltd has a market cap of 8.11B as of 2022, a Return on Equity of 4.03%. The company manufactures and sells a variety of products, including electronic components, semiconductors, and optoelectronic devices. It also provides services such as research and development, design, and packaging.
– Toho Titanium Co Ltd ($TSE:5727)
Toho Titanium Co. Ltd. engages in the production and sale of titanium products. It operates through the Titanium and Other Products segments. The Titanium segment offers titanium sponge, titanium ingots, titanium mill products, and titanium products for industrial applications. The Other Products segment includes zircon products, hafnium products, and rare metals. The company was founded by Kichinosuke Taguchi on August 1, 1950 and is headquartered in Tokyo, Japan.
– Anhui Xinke New Materials Co Ltd ($SHSE:600255)
Anhui Xinke New Materials Co., Ltd. is engaged in the research, development, production and sales of rare earth, new inorganic functional materials and new energy products. The Company operates its business through three segments. The Rare Earth and New Inorganic Functional Materials segment is engaged in the research and development, production and sales of rare earth smelting and separation, new inorganic functional materials and new energy products. The Chemical Products Segment is engaged in the research and development, production and sales of chemical products. The Others segment is engaged in the provision of technical services. The Company’s products include rare earth oxides, rare earth metals, rare earth alloys, new inorganic functional materials and new energy products, among others.
Summary
Materion Corporation recently reported their second quarter financials for FY2023, ending June 30 2023. Total revenue for the quarter was USD 398.6 million, a decrease of 10.5% from the previous year. Net income for the period was USD 24.1 million, an increase of 3.5%. Despite the increase in net income, the stock price moved down the same day, signifying investor skepticism on the company’s performance.
Despite the decrease in revenue, investors may be encouraged by the increase in net income indicating more efficient operations and cost control. Furthermore, investors may be interested in understanding the reasons for the decrease in revenue and whether it is an indication of market conditions or a structural issue. Therefore, investors should further research Materion Corporation’s financials before making any investing decisions.
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