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Materion Corp (MTRN) SEC Filing 10-Q Quarterly report for the period ending Friday, June 28, 2019

Materion Corp

CIK: 1104657 Ticker: MTRN



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NEWS RELEASE

MATERION CORPORATION REPORTS RECORD SECOND QUARTER 2019 FINANCIAL RESULTS AND RAISES FULL-YEAR 2019 EARNINGS GUIDANCE

MAYFIELD HEIGHTS, Ohio - July 25, 2019 - Materion Corporation (NYSE:MTRN) today reported second quarter 2019 financial results and raised full-year 2019 earnings guidance.

Second Quarter 2019 Results

Net sales were $297.8 million; value-added sales increased 3% to a record of $194.9 million

Operating profit increased 50% compared to prior year to a record $22.8 million, or 12% of value-added sales, the tenth consecutive quarterly year-over-year increase

Diluted earnings per share were $0.75; Adjusted earnings per share were a record of $0.88, up 63% year-over-year

Earnings Guidance

The Company is raising its full-year 2019 adjusted earnings guidance to $3.10 to $3.25 per share, diluted; a 33% increase over prior-year earnings

“I am very pleased with our team’s performance, as we continue to execute on our multi-pillar strategy. We delivered record value-added sales and operating profit in the second quarter and reached a milestone of ten consecutive quarters of year-over-year value-added sales and profit

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The following information was filed by Materion Corp (MTRN) on Thursday, July 25, 2019 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Inside Materion Corp's 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly 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 Income
Consolidated Statements Of Shareholders' Equity
Consolidated Statements Of Shareholders' Equity (Parenthetical)
Accounting Policies
Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income (Detail)
Accumulated Other Comprehensive Income (Tables)
Basis Of Accounting (Policies)
Components Of Lease Expense (Details)
Contingencies
Contingencies (Detail)
Derivative Instruments And Hedging Activity
Derivative Instruments And Hedging Activity (Details - Designated As Hedges)
Derivative Instruments And Hedging Activity (Details - Not Designated As Hedges)
Derivative Instruments And Hedging Activity (Details - Reclassificatoins From Aoci)
Derivative Instruments And Hedging Activity Tables (Tables)
Earnings Per Share
Earnings Per Share (Details 1)
Earnings Per Share (Details)
Earnings Per Share (Tables)
Fair Value Of Financial Instruments
Fair Value Of Financial Instruments (Detail)
Fair Value Of Financial Instruments (Tables)
Future Estimated Minimum Payments Under Finance Leases And Non-Cancelable Operating Leases (Details)
Income Taxes
Income Taxes Details (Details)
Inventories
Inventories (Detail)
Inventories (Details 1)
Inventories (Tables)
Leases
Leases (Details Textual)
Leases (Tables)
New Pronouncements (Policies)
New Prouncements Adopted (Details)
Other-Net
Other-Net (Detail)
Other-Net (Tables)
Pensions And Other Post-Employment Benefits
Pensions And Other Post-Employment Benefits (Detail 1)
Pensions And Other Post-Employment Benefits (Detail)
Pensions And Other Post-Employment Benefits (Tables)
Revenue Recognition
Revenue Recognition (Details 1)
Revenue Recognition (Details)
Revenue Recognition (Tables)
Revenue Recognition Accounting Policy (Policies)
Revenue Recognition Revenue Recognition (Details 2)
Segment Reporting
Segment Reporting (Detail)
Segment Reporting (Details 1)
Segment Reporting (Tables)
Stock-Based Compensation Expense
Stock-Based Compensation Expense (Detail)
Stock-Based Compensation Expense Tables (Tables)
Stock-Based Compensation Expense Textual (Details)
Supplemental Balance Sheet Information Related To Leases (Details)
Supplemental Cash Flow Information Related To Leases (Details)

Material Contracts, Statements, Certifications & more

Materion Corp provided additional information to their SEC Filing as exhibits

Ticker: MTRN
CIK: 1104657
Form Type: 10-Q Quarterly Report
Accession Number: 0001104657-19-000085
Submitted to the SEC: Thu Jul 25 2019 7:25:39 AM EST
Accepted by the SEC: Thu Jul 25 2019
Period: Friday, June 28, 2019
Industry: Metal Forgings And Stampings

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