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Materion (MTRN) investor relations material
Materion Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net sales for Q3 2025 were $444.8 million, up 2% year-over-year, with value-added sales of $263.9 million, reflecting 1% organic growth despite equipment downtime in Performance Materials.
Net income rose 14% to $25.4 million ($1.22 per diluted share), with adjusted EPS flat at $1.41 year-over-year and operating profit up to $34.9 million.
Record EBITDA margins of 27.1% in Electronic Materials and 1000 basis points margin expansion in Precision Optics, driven by semiconductor recovery and new business wins.
Order rates increased double digits sequentially across all business segments, with record defense bookings and a new supply agreement for fusion energy technology.
Announced a new $50 million stock repurchase program and continued transformation in Precision Optics.
Financial highlights
Value-added sales for Q3 were $263.9 million, up 1% organically year-over-year; net income was $25.4 million (5.7% of net sales).
Adjusted EPS was $1.41, flat year-over-year and up 3% sequentially; adjusted EBITDA was $55.5 million (21.0% of value-added sales).
Gross margin for Q3 was $86.1 million (19% of net sales), up 6% year-over-year; operating profit rose 12% to $34.9 million.
Net debt at quarter-end was $441 million, with leverage at 2x, within target range.
Cash flow from operations for the first nine months was $83.7 million, up from $11.6 million year-over-year.
Outlook and guidance
Full-year adjusted EPS guidance affirmed at $5.30–$5.70, with strong order rates and new business initiatives supporting momentum into 2026.
Management expects significant improvement in Q4 as equipment issues are resolved and defense/energy sales rise.
Capital expenditures for 2025 expected to be approximately $70 million.
Liquidity remains strong, with $16.4 million in cash and $214 million in available borrowing capacity.
Cautious outlook on China and auto markets due to ongoing uncertainty and potential government shutdown impacts.
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- BTU
Q4 net income dropped, but Centurion mine ramp-up and U.S. demand drive future growth. - MPX
Q4 2025 sales jumped 35% but net income fell 45% amid higher costs and tax impacts. - RBX
Revenue up 29.7%, profit up 34.7%, and order book at R24.5bn, supporting a positive outlook. - ABFRL
Q3 FY26 net losses persisted despite revenue growth, amid restructuring and regulatory costs. - TRACXN
Q3 FY26 revenue was INR 21 crore with a net loss, but customer and account growth remained strong. - DWNI
Stabilized real estate values, strong rental demand, and major transactions drive results. - OCUL
Net loss widened in 2025 as clinical trials advanced, but cash runway extends into 2028. - VARROC
Revenue and EBITDA margin rose YoY, but exceptional costs and legal disputes weighed on profit. - PRIC
Record Q4 order intake, new contracts, and improved cash flow despite lower sales and profits. - ENSI
Record revenue growth, positive EBITDA, and strong outlook with cash flow positivity expected by end-2026.
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