MTRN FY 2010 Earnings Report — Materion Corporation Revenue & Financial Results | Market Cap Arena

Materion CorporationMTRN

FY 2010 Earnings

Reported March 9, 2011

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2010	Prior Q	FY 2009	QoQ Change	YoY Change
Revenue	$1.3B	—	$715M	—	82.1%
Op. Income	$74M	—	-$19M	—	477.9%
Gross Margin	17.1%	—	12.8%	—	4.3pp
Net Margin	3.6%	—	-1.7%	—	5.3pp
EPS (Diluted)	$2.25	—	$-0.61	—	468.9%
Free Cash Flow	-$23M	—	-$4M	—	-542.1%

Revenue Flow

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$1.1B
GROSS PROFIT	$223M
R&D Expenses	$7M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$126M
Other Expenses	$0
Operating Expenses	$149M
Cost & Expenses	$1.2B
OPERATING INCOME	$74M
Interest Income	$0
Interest Expense	$3M
Other Income/Expenses	-$3M
INCOME BEFORE TAX	$71M
Income Tax Expense	$25M
Net Income from Continuing Ops	$46M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$46M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$46M
D&A	$35M
EBIT	$74M
EBITDA	$109M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$1.1B
GROSS PROFIT	$223M
R&D Expenses	$7M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$126M
Other Expenses	$0
Operating Expenses	$149M
Cost & Expenses	$1.2B
OPERATING INCOME	$74M
Interest Income	$0
Interest Expense	$3M
Other Income/Expenses	-$3M
INCOME BEFORE TAX	$71M
Income Tax Expense	$25M
Net Income from Continuing Ops	$46M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$46M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$46M
D&A	$35M
EBIT	$74M
EBITDA	$109M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$46M
Depreciation & Amortization	$0
Stock-Based Compensation	$4M
Deferred Income Tax	$14M
Other Non-Cash Items	$37M
Change in Working Capital	-$70M
OPERATING CASH FLOW	$31M
Capital Expenditure	-$54M
Acquisitions (Net)	-$21M
Purchases of Investments	$77.0K
Sales/Maturities of Investments	$60.0K
Other Investing Activities	$28M
NET CASH FROM INVESTING	-$47M
Net Debt Issuance	$21M
Common Stock Repurchased	-$4M
Common Dividends Paid	$0
Other Financing Activities	-$99.0K
NET CASH FROM FINANCING	$20M
FREE CASH FLOW	-$23M
Net Change in Cash	$4M

Balance Sheet

Item	Amount
Cash & Equivalents	$16M
Short-Term Investments	$0
Net Receivables	$143M
Inventory	$154M
Other Current Assets	$10M
TOTAL CURRENT ASSETS	$356M
PP&E (Net)	$266M
Goodwill	$73M
Intangible Assets	$37M
Long-Term Investments	$90.0K
Tax Assets	$2M
Other Non-Current Assets	$2M
TOTAL NON-CURRENT ASSETS	$380M
TOTAL ASSETS	$735M
Account Payables	$33M
Short-Term Debt	$48M
Deferred Revenue	$2M
Other Current Liabilities	$25M
TOTAL CURRENT LIABILITIES	$147M
Long-Term Debt	$38M
Deferred Revenue NC	$57M
Deferred Tax Liabilities	$8M
Other Non-Current Liabilities	$100M
TOTAL NON-CURRENT LIABILITIES	$204M
TOTAL LIABILITIES	$351M
Common Stock	$0
Additional Paid-In Capital	$180M
Retained Earnings	$368M
Treasury Stock	-$115M
Accum. Other Comp. Income	-$52M
Other Equity	$3M
TOTAL STOCKHOLDERS' EQUITY	$384M
Minority Interest	$0
TOTAL EQUITY	$384M
TOTAL LIABILITIES & EQUITY	$735M
Total Debt	$86M
Net Debt	$70M