MTRN FY 2014 Earnings Report — Materion Corporation Revenue & Financial Results | Market Cap Arena

Materion CorporationMTRN

FY 2014 Earnings

Reported February 27, 2015

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2014	Prior Q	FY 2013	QoQ Change	YoY Change
Revenue	$1.1B	—	$1.2B	—	-3.4%
Op. Income	$58M	—	$34M	—	67.4%
Gross Margin	18.3%	—	16.3%	—	2.0pp
Net Margin	3.7%	—	1.7%	—	2.0pp
EPS (Diluted)	$2.00	—	$0.94	—	112.8%
Free Cash Flow	$30M	—	$43M	—	-31.4%

Revenue Flow

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$921M
GROSS PROFIT	$206M
R&D Expenses	$13M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$136M
Other Expenses	-$485.0K
Operating Expenses	$149M
Cost & Expenses	$1.1B
OPERATING INCOME	$58M
Interest Income	$0
Interest Expense	$3M
Other Income/Expenses	-$3M
INCOME BEFORE TAX	$55M
Income Tax Expense	$12M
Net Income from Continuing Ops	$42M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$42M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$42M
D&A	$41M
EBIT	$43M
EBITDA	$84M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$921M
GROSS PROFIT	$206M
R&D Expenses	$13M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$136M
Other Expenses	-$485.0K
Operating Expenses	$149M
Cost & Expenses	$1.1B
OPERATING INCOME	$58M
Interest Income	$0
Interest Expense	$3M
Other Income/Expenses	-$3M
INCOME BEFORE TAX	$55M
Income Tax Expense	$12M
Net Income from Continuing Ops	$42M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$42M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$42M
D&A	$41M
EBIT	$43M
EBITDA	$84M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$42M
Depreciation & Amortization	$43M
Stock-Based Compensation	$5M
Deferred Income Tax	-$5M
Other Non-Cash Items	$47M
Change in Working Capital	-$28M
OPERATING CASH FLOW	$60M
Capital Expenditure	-$31M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$3M
NET CASH FROM INVESTING	-$27M
Net Debt Issuance	-$13M
Common Stock Repurchased	-$22M
Common Dividends Paid	-$7M
Other Financing Activities	$477.0K
NET CASH FROM FINANCING	-$41M
FREE CASH FLOW	$30M
Net Change in Cash	-$10M

Balance Sheet

Item	Amount
Cash & Equivalents	$13M
Short-Term Investments	$0
Net Receivables	$113M
Inventory	$232M
Other Current Assets	$28M
TOTAL CURRENT ASSETS	$387M
PP&E (Net)	$248M
Goodwill	$87M
Intangible Assets	$19M
Long-Term Investments	$0
Tax Assets	$18M
Other Non-Current Assets	$5M
TOTAL NON-CURRENT ASSETS	$375M
TOTAL ASSETS	$762M
Account Payables	$36M
Short-Term Debt	$653.0K
Deferred Revenue	$5M
Other Current Liabilities	$24M
TOTAL CURRENT LIABILITIES	$104M
Long-Term Debt	$24M
Deferred Revenue NC	$52M
Deferred Tax Liabilities	$617.0K
Other Non-Current Liabilities	$124M
TOTAL NON-CURRENT LIABILITIES	$200M
TOTAL LIABILITIES	$304M
Common Stock	$202M
Additional Paid-In Capital	$205M
Retained Earnings	$476M
Treasury Stock	-$141M
Accum. Other Comp. Income	-$82M
Other Equity	-$202M
TOTAL STOCKHOLDERS' EQUITY	$458M
Minority Interest	$0
TOTAL EQUITY	$458M
TOTAL LIABILITIES & EQUITY	$762M
Total Debt	$24M
Net Debt	$11M