MTRN FY 2015 Earnings Report — Materion Corporation Revenue & Financial Results | Market Cap Arena

Materion CorporationMTRN

FY 2015 Earnings

Reported February 25, 2016

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2015	Prior Q	FY 2014	QoQ Change	YoY Change
Revenue	$1.0B	—	$1.1B	—	-9.0%
Op. Income	$45M	—	$58M	—	-21.4%
Gross Margin	18.6%	—	18.3%	—	0.3pp
Net Margin	3.1%	—	3.7%	—	-0.6pp
EPS (Diluted)	$1.58	—	$2.00	—	-21.0%
Free Cash Flow	$38M	—	$30M	—	28.4%

Revenue Flow

Item	Amount
REVENUE	$1.0B
Cost of Revenue	$834M
GROSS PROFIT	$191M
R&D Expenses	$13M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$130M
Other Expenses	$3M
Operating Expenses	$146M
Cost & Expenses	$980M
OPERATING INCOME	$45M
Interest Income	$0
Interest Expense	$2M
Other Income/Expenses	-$2M
INCOME BEFORE TAX	$43M
Income Tax Expense	$11M
Net Income from Continuing Ops	$32M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$32M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$32M
D&A	$36M
EBIT	$35M
EBITDA	$70M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.0B
Cost of Revenue	$834M
GROSS PROFIT	$191M
R&D Expenses	$13M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$130M
Other Expenses	$3M
Operating Expenses	$146M
Cost & Expenses	$980M
OPERATING INCOME	$45M
Interest Income	$0
Interest Expense	$2M
Other Income/Expenses	-$2M
INCOME BEFORE TAX	$43M
Income Tax Expense	$11M
Net Income from Continuing Ops	$32M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$32M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$32M
D&A	$36M
EBIT	$35M
EBITDA	$70M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$32M
Depreciation & Amortization	$35M
Stock-Based Compensation	$5M
Deferred Income Tax	$4M
Other Non-Cash Items	$6M
Change in Working Capital	$7M
OPERATING CASH FLOW	$90M
Capital Expenditure	-$52M
Acquisitions (Net)	$58.0K
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$58.0K
NET CASH FROM INVESTING	-$52M
Net Debt Issuance	-$11M
Common Stock Repurchased	-$7M
Common Dividends Paid	-$7M
Other Financing Activities	-$1M
NET CASH FROM FINANCING	-$26M
FREE CASH FLOW	$38M
Net Change in Cash	$11M

Balance Sheet

Item	Amount
Cash & Equivalents	$24M
Short-Term Investments	$0
Net Receivables	$97M
Inventory	$212M
Other Current Assets	$13M
TOTAL CURRENT ASSETS	$346M
PP&E (Net)	$264M
Goodwill	$87M
Intangible Assets	$14M
Long-Term Investments	$0
Tax Assets	$26M
Other Non-Current Assets	$7M
TOTAL NON-CURRENT ASSETS	$397M
TOTAL ASSETS	$743M
Account Payables	$32M
Short-Term Debt	$9M
Deferred Revenue	$4M
Other Current Liabilities	$22M
TOTAL CURRENT LIABILITIES	$96M
Long-Term Debt	$4M
Deferred Revenue NC	$46M
Deferred Tax Liabilities	$110.0K
Other Non-Current Liabilities	$113M
TOTAL NON-CURRENT LIABILITIES	$163M
TOTAL LIABILITIES	$260M
Common Stock	$209M
Additional Paid-In Capital	$209M
Retained Earnings	$500M
Treasury Stock	-$149M
Accum. Other Comp. Income	-$81M
Other Equity	-$205M
TOTAL STOCKHOLDERS' EQUITY	$483M
Minority Interest	$0
TOTAL EQUITY	$483M
TOTAL LIABILITIES & EQUITY	$743M
Total Debt	$14M
Net Debt	-$11M