MTRN FY 2012 Earnings Report — Materion Corporation Revenue & Financial Results | Market Cap Arena

Materion CorporationMTRN

FY 2012 Earnings

Reported March 8, 2013

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2012	Prior Q	FY 2011	QoQ Change	YoY Change
Revenue	$1.3B	—	$1.5B	—	-16.6%
Op. Income	$42M	—	$57M	—	-26.5%
Gross Margin	15.7%	—	14.1%	—	1.6pp
Net Margin	1.9%	—	2.6%	—	-0.7pp
EPS (Diluted)	$1.19	—	$1.93	—	-38.3%
Free Cash Flow	-$6M	—	$28M	—	-121.5%

Revenue Flow

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$1.1B
GROSS PROFIT	$200M
R&D Expenses	$13M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$132M
Other Expenses	$0
Operating Expenses	$164M
Cost & Expenses	$1.2B
OPERATING INCOME	$42M
Interest Income	$0
Interest Expense	$3M
Other Income/Expenses	-$8M
INCOME BEFORE TAX	$34M
Income Tax Expense	$9M
Net Income from Continuing Ops	$0
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$25M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$25M
D&A	$35M
EBIT	$42M
EBITDA	$77M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.3B
Cost of Revenue	$1.1B
GROSS PROFIT	$200M
R&D Expenses	$13M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$132M
Other Expenses	$0
Operating Expenses	$164M
Cost & Expenses	$1.2B
OPERATING INCOME	$42M
Interest Income	$0
Interest Expense	$3M
Other Income/Expenses	-$8M
INCOME BEFORE TAX	$34M
Income Tax Expense	$9M
Net Income from Continuing Ops	$0
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$25M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$25M
D&A	$35M
EBIT	$42M
EBITDA	$77M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$25M
Depreciation & Amortization	$37M
Stock-Based Compensation	$6M
Deferred Income Tax	-$2M
Other Non-Cash Items	$41M
Change in Working Capital	-$31M
OPERATING CASH FLOW	$39M
Capital Expenditure	-$45M
Acquisitions (Net)	-$4M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$5M
NET CASH FROM INVESTING	-$43M
Net Debt Issuance	$12M
Common Stock Repurchased	-$119.0K
Common Dividends Paid	-$5M
Other Financing Activities	$817.0K
NET CASH FROM FINANCING	$9M
FREE CASH FLOW	-$6M
Net Change in Cash	$4M

Balance Sheet

Item	Amount
Cash & Equivalents	$16M
Short-Term Investments	$0
Net Receivables	$127M
Inventory	$206M
Other Current Assets	$10M
TOTAL CURRENT ASSETS	$401M
PP&E (Net)	$273M
Goodwill	$89M
Intangible Assets	$29M
Long-Term Investments	$51.0K
Tax Assets	$20M
Other Non-Current Assets	$4M
TOTAL NON-CURRENT ASSETS	$414M
TOTAL ASSETS	$815M
Account Payables	$42M
Short-Term Debt	$49M
Deferred Revenue	$2M
Other Current Liabilities	$28M
TOTAL CURRENT LIABILITIES	$154M
Long-Term Debt	$45M
Deferred Revenue NC	$56M
Deferred Tax Liabilities	$1M
Other Non-Current Liabilities	$144M
TOTAL NON-CURRENT LIABILITIES	$246M
TOTAL LIABILITIES	$400M
Common Stock	$191M
Additional Paid-In Capital	$191M
Retained Earnings	$428M
Treasury Stock	-$118M
Accum. Other Comp. Income	-$88M
Other Equity	-$189M
TOTAL STOCKHOLDERS' EQUITY	$415M
Minority Interest	$0
TOTAL EQUITY	$415M
TOTAL LIABILITIES & EQUITY	$815M
Total Debt	$94M
Net Debt	$78M