MTRN FY 2011 Earnings Report — Materion Corporation Revenue & Financial Results | Market Cap Arena

Materion CorporationMTRN

FY 2011 Earnings

Reported February 29, 2012

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2011	Prior Q	FY 2010	QoQ Change	YoY Change
Revenue	$1.5B	—	$1.3B	—	17.2%
Op. Income	$57M	—	$74M	—	-22.5%
Gross Margin	14.1%	—	17.1%	—	-3.0pp
Net Margin	2.6%	—	3.6%	—	-0.9pp
EPS (Diluted)	$1.93	—	$2.25	—	-14.2%
Free Cash Flow	$28M	—	-$23M	—	224.0%

Revenue Flow

Item	Amount
REVENUE	$1.5B
Cost of Revenue	$1.3B
GROSS PROFIT	$215M
R&D Expenses	$11M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$131M
Other Expenses	$0
Operating Expenses	$158M
Cost & Expenses	$1.5B
OPERATING INCOME	$57M
Interest Income	$0
Interest Expense	$3M
Other Income/Expenses	-$3M
INCOME BEFORE TAX	$54M
Income Tax Expense	$14M
Net Income from Continuing Ops	$40M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$40M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$40M
D&A	$44M
EBIT	$57M
EBITDA	$101M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.5B
Cost of Revenue	$1.3B
GROSS PROFIT	$215M
R&D Expenses	$11M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$131M
Other Expenses	$0
Operating Expenses	$158M
Cost & Expenses	$1.5B
OPERATING INCOME	$57M
Interest Income	$0
Interest Expense	$3M
Other Income/Expenses	-$3M
INCOME BEFORE TAX	$54M
Income Tax Expense	$14M
Net Income from Continuing Ops	$40M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$40M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$40M
D&A	$44M
EBIT	$57M
EBITDA	$101M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$40M
Depreciation & Amortization	$0
Stock-Based Compensation	$5M
Deferred Income Tax	-$2M
Other Non-Cash Items	$44M
Change in Working Capital	-$31M
OPERATING CASH FLOW	$57M
Capital Expenditure	-$29M
Acquisitions (Net)	-$22M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$1M
NET CASH FROM INVESTING	-$50M
Net Debt Issuance	-$8M
Common Stock Repurchased	-$4M
Common Dividends Paid	$0
Other Financing Activities	$658.0K
NET CASH FROM FINANCING	-$11M
FREE CASH FLOW	$28M
Net Change in Cash	-$4M

Balance Sheet

Item	Amount
Cash & Equivalents	$12M
Short-Term Investments	$0
Net Receivables	$122M
Inventory	$187M
Other Current Assets	$9M
TOTAL CURRENT ASSETS	$371M
PP&E (Net)	$264M
Goodwill	$84M
Intangible Assets	$35M
Long-Term Investments	$73.0K
Tax Assets	$12M
Other Non-Current Assets	$7M
TOTAL NON-CURRENT ASSETS	$401M
TOTAL ASSETS	$772M
Account Payables	$39M
Short-Term Debt	$41M
Deferred Revenue	$3M
Other Current Liabilities	$30M
TOTAL CURRENT LIABILITIES	$140M
Long-Term Debt	$40M
Deferred Revenue NC	$63M
Deferred Tax Liabilities	$2M
Other Non-Current Liabilities	$122M
TOTAL NON-CURRENT LIABILITIES	$226M
TOTAL LIABILITIES	$366M
Common Stock	$186M
Additional Paid-In Capital	$186M
Retained Earnings	$408M
Treasury Stock	-$118M
Accum. Other Comp. Income	-$72M
Other Equity	-$184M
TOTAL STOCKHOLDERS' EQUITY	$406M
Minority Interest	$0
TOTAL EQUITY	$406M
TOTAL LIABILITIES & EQUITY	$772M
Total Debt	$81M
Net Debt	$69M