Financial Data and Key Metrics Changes - The company reported record first quarter margins with EBITDA margins improving by 130 basis points year over year [6] - Sales increased by approximately 4% year over year, excluding the PMI inventory correction, with total sales up about 1% [7] - Adjusted earnings per share for the quarter were $1.13, an 18% increase from the prior year [15] - Adjusted EBITDA reached $48.7 million, representing 18.8% of value-added sales, up 8% with margin expansion of 130 basis points [16] Business Line Data and Key Metrics Changes - Performance Materials segment saw value-added sales of $160 million, up 3% year over year, driven by strength in space and energy markets [16] - Electronic Materials segment reported value-added sales of $77.8 million, slightly up from the prior year, with EBITDA down 8% due to nonrecurring items [18] - Precision Optics segment experienced a decline in value-added sales to $21.5 million, down 13% year over year, with EBITDA showing a loss of $100,000 [21] Market Data and Key Metrics Changes - The aerospace market grew over 30% in the quarter, driven by commercial aerospace and space applications [7] - The automotive market saw a decline of 13% year over year due to lower customer build rates and inventory destocking [9] - The semiconductor market showed signs of gradual improvement, particularly in data storage and advanced logic applications, although power semiconductor shipments remained sluggish [7] Company Strategy and Development Direction - The company aims to achieve a 20% plus EBITDA margin for the year while focusing on operational excellence and structural cost improvements [13] - There is a commitment to minimizing tariff impacts and driving cash generation through working capital improvements and pacing capital investments [14] - The company is actively working with customers to identify opportunities for sales growth in the U.S. market [13] Management's Comments on Operating Environment and Future Outlook - Management acknowledged uncertainty due to tariffs and potential impacts on the second quarter and beyond, but remains focused on performance improvement [11] - The company expects continued strength in aerospace and defense markets, with operational performance and cost improvements driving strong bottom-line results [17] - Management remains optimistic about the semiconductor market improving as the year progresses, despite challenges in the power semiconductor business [19] Other Important Information - The company ended the quarter with a net debt position of approximately $436 million and $172 million of available capacity on its credit facility [22] - Free cash flow improved by $35 million year over year, largely due to inventory reduction initiatives [23] - The company has reduced its capital expenditure expectations by $10 million for the full year [24] Q&A Session Summary Question: Clarification on tariff impacts and EBITDA margin targets - Management confirmed commitment to achieving a 20% plus EBITDA margin despite potential tariff impacts, emphasizing the need for continuous performance improvements [27][30] Question: Impact of freezing orders from buyers in China - Approximately half of the $100 million in annual sales to China is from the semiconductor market, with the rest distributed across automotive and consumer electronics [33] Question: Understanding the expected tariff impact on earnings - The anticipated $0.10 to $0.50 impact on earnings per share in the second half is primarily related to sales going into China, with efforts to mitigate through operational actions [36][43] Question: Customer CapEx plans in the semiconductor sector - Generally, semiconductor customers are not significantly changing their CapEx plans, viewing current uncertainties as short-term [48] Question: Effects of tariffs on product development and collaboration - Product development efforts remain strong, with ongoing collaborations with customers despite the current uncertainty [56] Question: Outlook for aerospace and defense markets - Aerospace and defense markets are expected to continue strong growth, with defense being a good growth market for the coming years [62]

Materion Corporation 1Q 2025 Earnings Presentation May 1, 2025 © 2025 Materion Corporation | Agenda | | | --- | --- | | Introduction | Kyle Kelleher – Director, Investor Relations and Corporate FP&A | | Opening Remarks & Business Update | Jugal Vijayvargiya – President and Chief Executive Officer | | Financial Review | Shelly Chadwick – Vice President and Chief Financial Officer | | Q&A | Question and Answer Session | 2 © 2025 Materion Corporation Forward-looking Statements and Non-GAAP Financial Informatio ...

Materion shares have lost about 16.1% since the beginning of the year versus the S&P 500's decline of -5.3%. Materion (MTRN) came out with quarterly earnings of $1.13 per share, beating the Zacks Consensus Estimate of $1.12 per share. This compares to earnings of $0.96 per share a year ago. These figures are adjusted for non- recurring items. This quarterly report represents an earnings surprise of 0.89%. A quarter ago, it was expected that this supplier of engineered materials to technology companies would ...

"I am pleased with our strong start to the year, despite the volatile macro environment. Our teams executed well to deliver strong operational performance and record first quarter margins on modest top line growth," said Jugal Vijayvargiya, President & CEO of Materion. "We also drove significantly improved cash flow in the quarter, with a focus on reducing inventory and thoughtfully pacing investments. "While there is increased uncertainty around the eventual impact of tariffs on our results and the broader ...

Vancouver, British Columbia, April 11, 2025 – TheNewswire - Rockland Resources Ltd. (the “Company” or "Rockland") (CSE: RKL)(OTCQB:BERLF), is pleased to report on its experience at the Beryllium Health and Safety Committee (BHSC) Meeting that was held March 25-26th in Cobourg, Ontario.  These international meetings are held semi-annually and focus on the safe handling and use of beryllium, including future applications in the clean energy sector.  Representatives of Rockland in attendance included Mr. Chri ...

Vancouver, British Columbia – TheNewswire - March 25, 2025, Rockland Resources Ltd. (the “Company” or "Rockland") (CSE: RKL), is pleased to announce the acquisition of the Claybank Beryllium Project in Juab County, Utah, located five kilometers northeast of Spor Mountain, the largest global beryllium producer operated by Materion Corp. (NYSE: MTRN)(1). Claybank connects via a 4.5km spur to the paved Brush Highway that is used to ship ore from Spor Mountain’s mining operations to their treatment plant locat ...

Core Insights - Materion (NYSE: MTRN) has experienced a more interesting couple of years than initially expected, raising concerns about its valuation [1] Company Analysis - The article reflects on the recent performance and valuation concerns of Materion, indicating a need for further evaluation of its investment potential [1] Industry Context - No specific industry context or broader market analysis is provided in the content [1]

Materion Corporation (NYSE:MTRN) Q4 2024 Earnings Conference Call February 19, 2025 10:00 AM ET Company Participants Kyle Kelleher - Director, Investor Relations & Corporate FP&A Jugal Vijayvargiya - President & Chief Executive Officer Shelly Chadwick - Vice President & Chief Financial Officer Conference Call Participants Mike Harrison - Seaport Research Partners Daniel Moore - CJS Securities Phil Gibbs - KeyBanc David Silver - CL King Dave Storms - Stonegate Kyle Kelleher Greetings, and welcome to the Mate ...

Financial Performance and Operations - The backlog of unshipped orders as of December 31, 2024, was $537.6 million, down from $573.4 million in 2023 and $576.2 million in 2022, with expectations to fill substantially all orders over the next 18 months [29]. - Materion employed approximately 3,037 people globally as of December 31, 2024, with 2,005 in manufacturing roles, indicating a strong employee base to support operations [33]. - The company has implemented restructuring efforts aimed at reducing costs and improving operational efficiency, but future economic disruptions may impact these initiatives [100]. - Restructuring initiatives and labor relations changes could lead to workforce interruptions, negatively affecting business operations [103]. Safety and Compliance - In 2024, Materion achieved a 20% improvement in its injury frequency rate, reflecting enhanced safety measures and training initiatives [35]. - The company is subject to various laws and regulations that may increase costs and impact operations, including trade regulations and data protection laws, necessitating material investments in compliance [32]. - Materion's compliance programs may involve significant investments in processes, training, and technology to meet increasingly complex regulations [32]. Risk Management - Materion's credit facilities are secured by substantially all assets, and a significant portion of its bank debt consists of variable-rate obligations, exposing the company to interest rate fluctuations [91]. - The company is actively pursuing acquisitions to drive growth, but there are risks associated with successfully integrating acquired businesses and achieving expected synergies [96]. - Materion's products are complex and may contain undetected defects, which could lead to installation delays and damage to reputation, impacting sales [98]. - Customer contracts may expose the company to penalties and liabilities due to issues with product functionality and delivery, potentially affecting financial results [99]. Workforce and Culture - The company has a strong focus on diversity and inclusion, with four employee resource groups established to support various demographics [38]. - Retaining qualified management and skilled employees is critical for maintaining product quality and customer relationships, with intense competition for such personnel [102]. Research and Development - Continuous investment in R&D is emphasized to maintain a competitive edge through the development of advanced coatings and optical solutions [30].

Materion Corporation 4Q 2024 Earnings Presentation February 19, 2025 © 2025 Materion Corporation | Agenda | | | --- | --- | | Introduction | Kyle Kelleher – Director, Investor Relations and Corporate FP&A | | Opening Remarks & Business Update | Jugal Vijayvargiya – President and Chief Executive Officer | | Financial Review | Shelly Chadwick – Vice President and Chief Financial Officer | | Q&A | Question and Answer Session | 2 © 2025 Materion Corporation Forward-looking Statements and Non-GAAP Financial Info ...