Materion Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 26, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	1,734	1,685	1,665	1,757	1,511	1,176
Revenue Growth (YoY)	3.88%	1.17%	-5.23%	16.31%	28.43%	-0.77%
Cost of Revenue	1,396	1,359	1,316	1,413	1,227	983.64
Gross Profit	337.94	325.99	349.04	343.88	283.76	192.63
Selling, General & Admin	147.54	143.02	155.2	164.1	158.69	130.02
Research & Development	25.78	29.03	27.54	28.98	26.58	20.28
Other Operating Expenses	20.38	17.71	23.11	24.92	15.16	10.57
Operating Expenses	193.7	189.76	205.84	217.99	200.43	160.87
Operating Income	144.24	136.23	143.2	125.89	83.34	31.76
Interest Expense	-31.54	-34.76	-31.32	-21.91	-4.9	-3.88
Currency Exchange Gain (Loss)	1.74	0.03	-0.22	0.68	-1.57	2.57
Other Non Operating Income (Expenses)	0.13	-0.13	-0	0.01	0.03	-0
EBT Excluding Unusual Items	114.57	101.36	111.66	104.67	76.89	30.45
Merger & Restructuring Charges	-3.42	-6.85	-3.82	-1.57	0.44	-11.24
Impairment of Goodwill	-56.07	-56.07	-	-	-	-9.05
Gain (Loss) on Sale of Assets	-6.41	-6.41	-	-	-	-0.47
Asset Writedown	-17.13	-17.13	-	-	-	-1.42
Pretax Income	31.54	14.9	107.83	103.1	77.33	8.28
Income Tax Expense	12.14	9.01	12.13	17.11	4.85	-7.19
Net Income	19.4	5.89	95.7	85.99	72.47	15.46
Net Income to Common	19.4	5.89	95.7	85.99	72.47	15.46
Net Income Growth	-73.86%	-93.85%	11.29%	18.65%	368.72%	-71.04%
Shares Outstanding (Basic)	21	21	21	21	20	20
Shares Outstanding (Diluted)	21	21	21	21	21	21
Shares Change (YoY)	-0.23%	0.08%	0.73%	0.34%	0.42%	-0.25%
EPS (Basic)	0.93	0.28	4.64	4.19	3.55	0.76
EPS (Diluted)	0.93	0.28	4.58	4.14	3.50	0.75
EPS Growth	-73.61%	-93.89%	10.63%	18.29%	366.67%	-71.04%
Free Cash Flow	81.58	7.01	24.54	38.35	-12.67	33.78
Free Cash Flow Per Share	3.90	0.34	1.17	1.85	-0.61	1.64
Dividend Per Share	0.550	0.535	0.515	0.495	0.475	0.455
Dividend Growth	3.77%	3.88%	4.04%	4.21%	4.40%	4.60%
Gross Margin	19.49%	19.35%	20.96%	19.57%	18.78%	16.38%
Operating Margin	8.32%	8.09%	8.60%	7.16%	5.52%	2.70%
Profit Margin	1.12%	0.35%	5.75%	4.89%	4.80%	1.31%
Free Cash Flow Margin	4.71%	0.42%	1.47%	2.18%	-0.84%	2.87%
EBITDA	211.57	203.3	203.04	177.52	125.67	72.35
EBITDA Margin	12.20%	12.07%	12.19%	10.10%	8.32%	6.15%
D&A For EBITDA	67.34	67.08	59.84	51.64	42.34	40.58
EBIT	144.24	136.23	143.2	125.89	83.34	31.76
EBIT Margin	8.32%	8.09%	8.60%	7.16%	5.52%	2.70%
Effective Tax Rate	38.49%	60.49%	11.25%	16.60%	6.27%	-
Advertising Expenses	-	0.1	0.3	0.3	0.3	0.3

Updated Oct 29, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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