MTRN FY 2007 Earnings Report — Materion Corporation Revenue & Financial Results | Market Cap Arena

Materion CorporationMTRN

FY 2007 Earnings

Reported February 29, 2008

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2007	Prior Q	FY 2006	QoQ Change	YoY Change
Revenue	$956M	—	$763M	—	25.2%
Op. Income	$84M	—	$44M	—	92.7%
Gross Margin	20.6%	—	21.3%	—	-0.7pp
Net Margin	5.6%	—	6.5%	—	-0.9pp
EPS (Diluted)	$2.59	—	$2.45	—	5.7%
Free Cash Flow	$21M	—	$23M	—	-10.4%

Revenue Flow

Item	Amount
REVENUE	$956M
Cost of Revenue	$759M
GROSS PROFIT	$197M
R&D Expenses	$5M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$110M
Other Expenses	$0
Operating Expenses	$121M
Cost & Expenses	$880M
OPERATING INCOME	$84M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$6M
INCOME BEFORE TAX	$83M
Income Tax Expense	$29M
Net Income from Continuing Ops	$53M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$53M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$53M
D&A	$24M
EBIT	$76M
EBITDA	$100M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$956M
Cost of Revenue	$759M
GROSS PROFIT	$197M
R&D Expenses	$5M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$110M
Other Expenses	$0
Operating Expenses	$121M
Cost & Expenses	$880M
OPERATING INCOME	$84M
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$6M
INCOME BEFORE TAX	$83M
Income Tax Expense	$29M
Net Income from Continuing Ops	$53M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$53M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$53M
D&A	$24M
EBIT	$76M
EBITDA	$100M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$53M
Depreciation & Amortization	$24M
Stock-Based Compensation	$0
Deferred Income Tax	$15M
Other Non-Cash Items	$731.0K
Change in Working Capital	-$39M
OPERATING CASH FLOW	$54M
Capital Expenditure	-$34M
Acquisitions (Net)	$2M
Purchases of Investments	$47.0K
Sales/Maturities of Investments	$0
Other Investing Activities	$323.0K
NET CASH FROM INVESTING	-$31M
Net Debt Issuance	-$14M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	$2M
NET CASH FROM FINANCING	-$7M
FREE CASH FLOW	$21M
Net Change in Cash	$16M

Balance Sheet

Item	Amount
Cash & Equivalents	$32M
Short-Term Investments	$0
Net Receivables	$109M
Inventory	$165M
Other Current Assets	$6M
TOTAL CURRENT ASSETS	$329M
PP&E (Net)	$186M
Goodwill	$22M
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$1M
Other Non-Current Assets	$12M
TOTAL NON-CURRENT ASSETS	$221M
TOTAL ASSETS	$551M
Account Payables	$27M
Short-Term Debt	$26M
Deferred Revenue	$3M
Other Current Liabilities	$24M
TOTAL CURRENT LIABILITIES	$113M
Long-Term Debt	$10M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$182.0K
Other Non-Current Liabilities	$73M
TOTAL NON-CURRENT LIABILITIES	$84M
TOTAL LIABILITIES	$197M
Common Stock	$167M
Additional Paid-In Capital	$167M
Retained Earnings	$316M
Treasury Stock	-$106M
Accum. Other Comp. Income	-$24M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$354M
Minority Interest	$0
TOTAL EQUITY	$354M
TOTAL LIABILITIES & EQUITY	$551M
Total Debt	$36M
Net Debt	$4M