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Materion Corp (MTRN) SEC Filing 10-K Annual report for the fiscal year ending Saturday, December 31, 2016

Materion Corp

CIK: 1104657 Ticker: MTRN


Exhibit 99.1


MATERION CORPORATION REPORTS FOURTH QUARTER AND FULL-YEAR 2016 FINANCIAL RESULTS AND PROVIDES 2017 EARNINGS GUIDANCE


MAYFIELD HEIGHTS, Ohio - February 17, 2017 - Materion Corporation (NYSE:MTRN) today reported fourth quarter and full-year 2016 financial results.

Diluted earnings per share for the fourth quarter and full year of 2016 were $0.33 and $1.27, respectively. Adjusted earnings per share, diluted, for the fourth quarter and full year of 2016 were $0.28 and $1.32, respectively, in line with the Company’s guidance.

Net sales for the fourth quarter of 2016 were $234.3 million compared to $214.0 million for the fourth quarter of 2015. Value-added sales for the fourth quarter of 2016 were $145.1 million, an increase of 1% compared to the fourth quarter of 2015 value-added sales.

Value-added sales from new products in the fourth quarter of 2016 totaled $25.7 million, a 47% increase compared to value-added sales of new products in the fourth quarter of 2015.

The Company provides full year 2017 earnings guidance of $1.45 - $1.60 per share, diluted.

FOURTH QUARTER 2016 RESULTS

Net sales for the fourth quarter of 2016 were $234.3 million, compared to $214.0 million for the fourth quarter of 2015. Value-added sales for the fourth quarter of 2016 were $145.1 million, an increase of 1%, compared to $143.4 million for the fourth quarter of 2015.

The year-over-year increase in value-added sales in the fourth quarter of 2016 is primarily due to double-digit growth in value-added sales into our two largest end markets, consumer electronics and industrial components. The increase in both markets was driven by new product sales combined with year-over-year end market demand improvement. New product value-added sales totaled $25.7 million in the fourth quarter of 2016, a 47% increase from fourth quarter 2015 levels. This growth was offset by a decline in medical end market sales and a lack of raw material beryllium hydroxide sales in the fourth quarter of 2016. Medical end market sales decreased as our largest blood glucose test strip customer began to transition from its legacy product to a next-generation product. The Company was the primary supplier of the legacy product and fully

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The following information was filed by Materion Corp (MTRN) on Friday, February 17, 2017 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Comprehensive Income (parentheticals)
Consolidated Statements Of Income
Consolidated Statements Of Shareholders' Equity
Consolidated Statements Of Shareholders' Equity (parenthetical)
Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income (details)
Accumulated Other Comprehensive Income (tables)
Contingencies And Commitments
Contingencies And Commitments (details Textual)
Contingencies And Commitments (details)
Contingencies And Commitments (tables)
Cost Reductions
Cost Reductions (details)
Cost Reductions (tables)
Debt
Debt (details 1)
Debt (details 2)
Debt (details Textual)
Debt (details)
Debt (tables)
Earnings Per Share
Earnings Per Share (details 1)
Earnings Per Share (details)
Earnings Per Share (tables)
Fair Value Information And Derivative Financial Instruments
Fair Value Information And Derivative Financial Instruments (details 1)
Fair Value Information And Derivative Financial Instruments (details Textual)
Fair Value Information And Derivative Financial Instruments (details)
Fair Value Information And Derivative Financial Instruments (tables)
Income Taxes
Income Taxes (details 1)
Income Taxes (details 2)
Income Taxes (details 3)
Income Taxes (details Textual)
Income Taxes (details)
Income Taxes (tables)
Income Taxes Income Taxes Textuals (details 2)
Intangible Assets And Goodwill
Intangible Assets And Goodwill (details 1)
Intangible Assets And Goodwill (details Textual)
Intangible Assets And Goodwill (tables)
Intangible Assets And Goodwill Goodwill Table (details)
Intangible Assets And Goodwill Intangible Assets And Goodwill (details 2) (details)
Interest
Interest (details Textual)
Interest (details)
Interest (tables)
Inventories
Inventories (details Textual)
Inventories (details)
Inventories (tables)
Leasing Arrangements
Leasing Arrangements (details)
Leasing Arrangements (tables)
Other-net
Other-net (details)
Other-net (tables)
Pensions And Other Post-employment Benefits
Pensions And Other Post-employment Benefits (details 1)
Pensions And Other Post-employment Benefits (details 2)
Pensions And Other Post-employment Benefits (details 3)
Pensions And Other Post-employment Benefits (details 4)
Pensions And Other Post-employment Benefits (details 5)
Pensions And Other Post-employment Benefits (details 6)
Pensions And Other Post-employment Benefits (details Textual)
Pensions And Other Post-employment Benefits (details)
Pensions And Other Post-employment Benefits (tables)
Property, Plant, And Equipment
Property, Plant, And Equipment (details)
Property, Plant, And Equipment (tables)
Property, Plant, And Equipment Property, Plant, And Equipment Textuals (details)
Quarterly Data (unaudited)
Quarterly Data (unaudited) (details)
Quarterly Data (unaudited) (tables)
Segment Reporting And Geographic Information
Segment Reporting And Geographic Information (details 1)
Segment Reporting And Geographic Information (details 2)
Segment Reporting And Geographic Information (details Textual)
Segment Reporting And Geographic Information (tables)
Significant Accounting Policies
Significant Accounting Policies (details Textual)
Significant Accounting Policies (details)
Significant Accounting Policies (policies)
Significant Accounting Policies (tables)
Stock-based Compensation
Stock-based Compensation (details 1)
Stock-based Compensation (details 2)
Stock-based Compensation (details 3)
Stock-based Compensation (details Textual)
Stock-based Compensation (tables)
Stock-based Compensation Stock-based Compensation (details 4)
Stock-based Compensation Stock-based Compensation (details 5)
Valuation And Qualifying Accounts
Valuation And Qualifying Accounts (details)
Ticker: MTRN
CIK: 1104657
Form Type: 10-K Annual Report
Accession Number: 0001104657-17-000014
Submitted to the SEC: Fri Feb 17 2017 1:12:35 PM EST
Accepted by the SEC: Fri Feb 17 2017
Period: Saturday, December 31, 2016
Industry: Metal Forgings And Stampings

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