MTRN FY 2017 Earnings Report — Materion Corporation Revenue & Financial Results | Market Cap Arena

Materion CorporationMTRN

FY 2017 Earnings

Reported February 15, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$1.1B	—	$969M	—	17.6%
Op. Income	$40M	—	$29M	—	38.6%
Gross Margin	18.7%	—	19.0%	—	-0.4pp
Net Margin	1.0%	—	2.7%	—	-1.7pp
EPS (Diluted)	$0.56	—	$1.27	—	-55.9%
Free Cash Flow	$39M	—	$30M	—	28.5%

Revenue Flow

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$927M
GROSS PROFIT	$213M
R&D Expenses	$14M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$146M
Other Expenses	$13M
Operating Expenses	$173M
Cost & Expenses	$1.1B
OPERATING INCOME	$40M
Interest Income	$0
Interest Expense	$2M
Other Income/Expenses	-$4M
INCOME BEFORE TAX	$36M
Income Tax Expense	$25M
Net Income from Continuing Ops	$11M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$11M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$11M
D&A	$40M
EBIT	$39M
EBITDA	$79M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$927M
GROSS PROFIT	$213M
R&D Expenses	$14M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$146M
Other Expenses	$13M
Operating Expenses	$173M
Cost & Expenses	$1.1B
OPERATING INCOME	$40M
Interest Income	$0
Interest Expense	$2M
Other Income/Expenses	-$4M
INCOME BEFORE TAX	$36M
Income Tax Expense	$25M
Net Income from Continuing Ops	$11M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$11M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$11M
D&A	$40M
EBIT	$39M
EBITDA	$79M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$11M
Depreciation & Amortization	$42M
Stock-Based Compensation	$5M
Deferred Income Tax	$20M
Other Non-Cash Items	$37M
Change in Working Capital	-$6M
OPERATING CASH FLOW	$68M
Capital Expenditure	-$29M
Acquisitions (Net)	-$17M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$2M
NET CASH FROM INVESTING	-$43M
Net Debt Issuance	-$2M
Common Stock Repurchased	-$1M
Common Dividends Paid	-$8M
Other Financing Activities	-$5M
NET CASH FROM FINANCING	-$15M
FREE CASH FLOW	$39M
Net Change in Cash	$10M

Balance Sheet

Item	Amount
Cash & Equivalents	$42M
Short-Term Investments	$0
Net Receivables	$124M
Inventory	$220M
Other Current Assets	$25M
TOTAL CURRENT ASSETS	$411M
PP&E (Net)	$256M
Goodwill	$91M
Intangible Assets	$10M
Long-Term Investments	$0
Tax Assets	$17M
Other Non-Current Assets	$7M
TOTAL NON-CURRENT ASSETS	$380M
TOTAL ASSETS	$791M
Account Payables	$49M
Short-Term Debt	$777.0K
Deferred Revenue	$5M
Other Current Liabilities	$28M
TOTAL CURRENT LIABILITIES	$127M
Long-Term Debt	$3M
Deferred Revenue NC	$37M
Deferred Tax Liabilities	$213.0K
Other Non-Current Liabilities	$113M
TOTAL NON-CURRENT LIABILITIES	$169M
TOTAL LIABILITIES	$296M
Common Stock	$223M
Additional Paid-In Capital	$223M
Retained Earnings	$536M
Treasury Stock	-$166M
Accum. Other Comp. Income	-$103M
Other Equity	-$219M
TOTAL STOCKHOLDERS' EQUITY	$495M
Minority Interest	$0
TOTAL EQUITY	$495M
TOTAL LIABILITIES & EQUITY	$791M
Total Debt	$4M
Net Debt	-$38M