Materion Corporation (MTRN)

Materion Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 27, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	1,669	1,665	1,757	1,511	1,176	1,185
Revenue Growth (YoY)	-0.58%	-5.23%	16.32%	28.43%	-0.77%	-1.85%
Cost of Revenue	1,356	1,316	1,413	1,227	983.64	922.73
Gross Profit	312.72	349.04	343.88	283.76	192.63	262.69
Selling, General & Admin	141.84	155.2	164.1	158.69	130.02	150.6
Research & Development	29.15	27.54	28.98	26.58	20.28	18.27
Other Operating Expenses	18.36	23.11	24.92	15.16	10.57	10.77
Operating Expenses	189.35	205.84	217.99	200.43	160.87	179.65
Operating Income	123.37	143.2	125.89	83.34	31.76	83.04
Interest Expense	-34.42	-31.32	-21.91	-4.9	-3.88	-1.58
Currency Exchange Gain (Loss)	-0.9	-0.22	0.68	-1.57	2.57	-0.67
Other Non Operating Income (Expenses)	0.02	-0	0.01	0.03	-0	0.01
EBT Excluding Unusual Items	88.07	111.66	104.67	76.89	30.45	80.81
Merger & Restructuring Charges	-6.79	-3.82	-1.57	0.44	-11.24	-0.79
Impairment of Goodwill	-	-	-	-	-9.05	-11.56
Gain (Loss) on Sale of Assets	-	-	-	-	-0.47	-0.34
Asset Writedown	-	-	-	-	-1.42	-2.58
Pretax Income	81.28	107.83	103.1	77.33	8.28	65.54
Income Tax Expense	7.07	12.13	17.11	4.85	-7.19	12.14
Net Income	74.21	95.7	85.99	72.47	15.46	53.39
Net Income to Common	74.21	95.7	85.99	72.47	15.46	53.39
Net Income Growth	-29.33%	11.29%	18.65%	368.72%	-71.04%	153.73%
Shares Outstanding (Basic)	21	21	21	20	20	20
Shares Outstanding (Diluted)	21	21	21	21	21	21
Shares Change (YoY)	0.40%	0.73%	0.34%	0.42%	-0.25%	0.20%
EPS (Basic)	3.58	4.64	4.19	3.55	0.76	2.62
EPS (Diluted)	3.54	4.58	4.14	3.50	0.75	2.59
EPS Growth	-29.59%	10.63%	18.29%	366.67%	-71.04%	153.92%
Free Cash Flow	-14.93	24.54	38.35	-12.67	33.78	72.69
Free Cash Flow Per Share	-0.71	1.17	1.85	-0.61	1.64	3.52
Dividend Per Share	0.530	0.515	0.495	0.475	0.455	0.435
Dividend Growth	3.92%	4.04%	4.21%	4.40%	4.60%	4.82%
Gross Margin	18.74%	20.96%	19.57%	18.78%	16.38%	22.16%
Operating Margin	7.39%	8.60%	7.16%	5.52%	2.70%	7.01%
Profit Margin	4.45%	5.75%	4.89%	4.80%	1.31%	4.50%
Free Cash Flow Margin	-0.89%	1.47%	2.18%	-0.84%	2.87%	6.13%
EBITDA	187.99	203.04	177.52	125.67	72.35	121.76
EBITDA Margin	11.26%	12.19%	10.10%	8.32%	6.15%	10.27%
D&A For EBITDA	64.61	59.84	51.64	42.34	40.58	38.72
EBIT	123.37	143.2	125.89	83.34	31.76	83.04
EBIT Margin	7.39%	8.60%	7.16%	5.52%	2.70%	7.01%
Effective Tax Rate	8.70%	11.25%	16.60%	6.27%	-	18.53%
Advertising Expenses	-	0.3	0.3	0.3	0.3	0.7

Source: S&P Capital IQ. Standard template. Financial Sources.