MTRN FY 2016 Earnings Report — Materion Corporation Revenue & Financial Results | Market Cap Arena

Materion CorporationMTRN

FY 2016 Earnings

Reported February 17, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$969M	—	$1.0B	—	-5.5%
Op. Income	$29M	—	$45M	—	-36.2%
Gross Margin	19.0%	—	18.6%	—	0.4pp
Net Margin	2.7%	—	3.1%	—	-0.5pp
EPS (Diluted)	$1.27	—	$1.58	—	-19.6%
Free Cash Flow	$30M	—	$38M	—	-21.0%

Revenue Flow

Item	Amount
REVENUE	$969M
Cost of Revenue	$785M
GROSS PROFIT	$185M
R&D Expenses	$13M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$131M
Other Expenses	$12M
Operating Expenses	$156M
Cost & Expenses	$940M
OPERATING INCOME	$29M
Interest Income	$0
Interest Expense	$2M
Other Income/Expenses	-$4M
INCOME BEFORE TAX	$25M
Income Tax Expense	-$425.0K
Net Income from Continuing Ops	$26M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$26M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$26M
D&A	$43M
EBIT	$31M
EBITDA	$74M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$969M
Cost of Revenue	$785M
GROSS PROFIT	$185M
R&D Expenses	$13M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$131M
Other Expenses	$12M
Operating Expenses	$156M
Cost & Expenses	$940M
OPERATING INCOME	$29M
Interest Income	$0
Interest Expense	$2M
Other Income/Expenses	-$4M
INCOME BEFORE TAX	$25M
Income Tax Expense	-$425.0K
Net Income from Continuing Ops	$26M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$26M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$26M
D&A	$43M
EBIT	$31M
EBITDA	$74M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$26M
Depreciation & Amortization	$45M
Stock-Based Compensation	$3M
Deferred Income Tax	-$9M
Other Non-Cash Items	$38M
Change in Working Capital	$9M
OPERATING CASH FLOW	$67M
Capital Expenditure	-$37M
Acquisitions (Net)	-$2M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$1M
NET CASH FROM INVESTING	-$37M
Net Debt Issuance	-$11M
Common Stock Repurchased	-$4M
Common Dividends Paid	-$7M
Other Financing Activities	-$1M
NET CASH FROM FINANCING	-$22M
FREE CASH FLOW	$30M
Net Change in Cash	$7M

Balance Sheet

Item	Amount
Cash & Equivalents	$31M
Short-Term Investments	$0
Net Receivables	$101M
Inventory	$201M
Other Current Assets	$12M
TOTAL CURRENT ASSETS	$345M
PP&E (Net)	$253M
Goodwill	$87M
Intangible Assets	$11M
Long-Term Investments	$0
Tax Assets	$39M
Other Non-Current Assets	$6M
TOTAL NON-CURRENT ASSETS	$396M
TOTAL ASSETS	$741M
Account Payables	$33M
Short-Term Debt	$733.0K
Deferred Revenue	$1M
Other Current Liabilities	$21M
TOTAL CURRENT LIABILITIES	$90M
Long-Term Debt	$4M
Deferred Revenue NC	$41M
Deferred Tax Liabilities	$274.0K
Other Non-Current Liabilities	$112M
TOTAL NON-CURRENT LIABILITIES	$157M
TOTAL LIABILITIES	$247M
Common Stock	$213M
Additional Paid-In Capital	$213M
Retained Earnings	$518M
Treasury Stock	-$154M
Accum. Other Comp. Income	-$86M
Other Equity	-$209M
TOTAL STOCKHOLDERS' EQUITY	$494M
Minority Interest	$0
TOTAL EQUITY	$494M
TOTAL LIABILITIES & EQUITY	$741M
Total Debt	$4M
Net Debt	-$27M