Materion Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	1,787	1,685	1,665	1,757	1,511
Revenue Growth (YoY)	6.04%	1.17%	-5.23%	16.31%	28.43%
Cost of Revenue	1,478	1,359	1,316	1,413	1,227
Gross Profit	308.63	325.99	349.04	343.88	283.76
Selling, General & Admin	140.88	143.02	155.2	164.1	158.69
Research & Development	25.94	29.03	27.54	28.98	26.58
Other Operating Expenses	26.38	17.71	23.11	24.92	15.16
Operating Expenses	193.19	189.76	205.84	217.99	200.43
Operating Income	115.43	136.23	143.2	125.89	83.34
Interest Expense	-30.69	-34.76	-31.32	-21.91	-4.9
Currency Exchange Gain (Loss)	-0.3	0.03	-0.22	0.68	-1.57
Other Non Operating Income (Expenses)	0.26	-0.13	-0	0.01	0.03
EBT Excluding Unusual Items	84.7	101.36	111.66	104.67	76.89
Merger & Restructuring Charges	-3.16	-6.85	-3.82	-1.57	0.44
Impairment of Goodwill	-	-56.07	-	-	-
Gain (Loss) on Sale of Assets	-	-6.41	-	-	-
Asset Writedown	-	-17.13	-	-	-
Pretax Income	81.54	14.9	107.83	103.1	77.33
Income Tax Expense	6.72	9.01	12.13	17.11	4.85
Net Income	74.82	5.89	95.7	85.99	72.47
Net Income to Common	74.82	5.89	95.7	85.99	72.47
Net Income Growth	1170.77%	-93.85%	11.29%	18.65%	368.72%
Shares Outstanding (Basic)	21	21	21	21	20
Shares Outstanding (Diluted)	21	21	21	21	21
Shares Change (YoY)	-0.08%	0.08%	0.73%	0.34%	0.42%
EPS (Basic)	3.61	0.28	4.64	4.19	3.55
EPS (Diluted)	3.58	0.28	4.58	4.14	3.50
EPS Growth	1178.57%	-93.89%	10.63%	18.29%	366.67%
Free Cash Flow	23.68	7.01	24.54	38.35	-12.67
Free Cash Flow Per Share	1.13	0.34	1.17	1.85	-0.61
Dividend Per Share	0.555	0.535	0.515	0.495	0.475
Dividend Growth	3.74%	3.88%	4.04%	4.21%	4.40%
Gross Margin	17.27%	19.35%	20.96%	19.57%	18.78%
Operating Margin	6.46%	8.09%	8.60%	7.16%	5.52%
Profit Margin	4.19%	0.35%	5.75%	4.89%	4.80%
Free Cash Flow Margin	1.32%	0.42%	1.47%	2.18%	-0.84%
EBITDA	184.51	204.9	204.84	177.52	125.67
EBITDA Margin	10.33%	12.16%	12.30%	10.10%	8.32%
D&A For EBITDA	69.07	68.68	61.64	51.64	42.34
EBIT	115.43	136.23	143.2	125.89	83.34
EBIT Margin	6.46%	8.09%	8.60%	7.16%	5.52%
Effective Tax Rate	8.24%	60.49%	11.25%	16.60%	6.27%
Advertising Expenses	-	-	-	0.3	0.3

Source: S&P Global Market Intelligence. Standard template. Financial Sources.