MTRN FY 2022 Earnings Report — Materion Corporation Revenue & Financial Results | Market Cap Arena

Materion CorporationMTRN

FY 2022 Earnings

Reported February 16, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$1.8B	—	$1.5B	—	16.3%
Op. Income	$120M	—	$77M	—	55.3%
Gross Margin	19.6%	—	18.8%	—	0.8pp
Net Margin	4.9%	—	4.8%	—	0.1pp
EPS (Diluted)	$4.14	—	$3.50	—	18.3%
Free Cash Flow	$38M	—	-$13M	—	402.7%

Revenue Flow

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$1.4B
GROSS PROFIT	$344M
R&D Expenses	$29M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$164M
Other Expenses	$31M
Operating Expenses	$224M
Cost & Expenses	$1.6B
OPERATING INCOME	$120M
Interest Income	$0
Interest Expense	$22M
Other Income/Expenses	-$17M
INCOME BEFORE TAX	$103M
Income Tax Expense	$17M
Net Income from Continuing Ops	$86M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$86M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$86M
D&A	$52M
EBIT	$126M
EBITDA	$178M
EPS	$4
EPS Diluted	$4

Income Statement

Item	Amount
REVENUE	$1.8B
Cost of Revenue	$1.4B
GROSS PROFIT	$344M
R&D Expenses	$29M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$164M
Other Expenses	$31M
Operating Expenses	$224M
Cost & Expenses	$1.6B
OPERATING INCOME	$120M
Interest Income	$0
Interest Expense	$22M
Other Income/Expenses	-$17M
INCOME BEFORE TAX	$103M
Income Tax Expense	$17M
Net Income from Continuing Ops	$86M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$86M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$86M
D&A	$52M
EBIT	$126M
EBITDA	$178M
EPS	$4
EPS Diluted	$4

Cash Flow Statement

Item	Amount
Net Income	$86M
Depreciation & Amortization	$53M
Stock-Based Compensation	$9M
Deferred Income Tax	$2M
Other Non-Cash Items	$790.0K
Change in Working Capital	-$35M
OPERATING CASH FLOW	$116M
Capital Expenditure	-$78M
Acquisitions (Net)	-$3M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$850.0K
NET CASH FROM INVESTING	-$80M
Net Debt Issuance	-$22M
Common Stock Repurchased	$0
Common Dividends Paid	-$10M
Other Financing Activities	-$4M
NET CASH FROM FINANCING	-$36M
FREE CASH FLOW	$38M
Net Change in Cash	-$1M

Balance Sheet

Item	Amount
Cash & Equivalents	$13M
Short-Term Investments	$0
Net Receivables	$215M
Inventory	$423M
Other Current Assets	$39M
TOTAL CURRENT ASSETS	$690M
PP&E (Net)	$513M
Goodwill	$319M
Intangible Assets	$143M
Long-Term Investments	$5M
Tax Assets	$3M
Other Non-Current Assets	$18M
TOTAL NON-CURRENT ASSETS	$1.0B
TOTAL ASSETS	$1.7B
Account Payables	$108M
Short-Term Debt	$21M
Deferred Revenue	$15M
Other Current Liabilities	$55M
TOTAL CURRENT LIABILITIES	$239M
Long-Term Debt	$411M
Deferred Revenue NC	$108M
Deferred Tax Liabilities	$28M
Other Non-Current Liabilities	$33M
TOTAL NON-CURRENT LIABILITIES	$653M
TOTAL LIABILITIES	$892M
Common Stock	$288M
Additional Paid-In Capital	$0
Retained Earnings	$769M
Treasury Stock	-$221M
Accum. Other Comp. Income	-$42M
Other Equity	$5M
TOTAL STOCKHOLDERS' EQUITY	$800M
Minority Interest	$0
TOTAL EQUITY	$800M
TOTAL LIABILITIES & EQUITY	$1.7B
Total Debt	$505M
Net Debt	$492M