OverviewSuggest Edit

Materion is a company that manufactures and sells advanced engineered materials for consumer electronics, industrial components, defense, medical, automotive electronics, telecommunications infrastructure, energy, and commercial aerospace applications. It operates through Performance Alloys and Composites, Advanced Materials, Precision Coatings, and Other segments. The Performance Alloys and Composites segment provides copper and nickel manufactured in plate, rod, bar, tube, wire product forms, and other customized shapes. The Advanced Materials segment provides advanced chemicals, microelectronics packaging, precious metal, non-precious metal, and specialty metal products, including vapor deposition targets, frame lid assemblies, clad and precious metal pre-forms, high temperature braze materials, and ultra-fine wire. The Precision Coatings segment produces sputter-coated precision thin film coatings and optical filter materials. The Other segment is comprised of unallocated corporate costs.
TypePublic
Founded1931
HQMayfield Heights, OH, US
Websitematerion.com
Employee Ratings2.7
Overall CultureD+

Latest Updates

Employees (est.) (Dec 2020)3,072(+19%)
Job Openings125
Revenue (FY, 2020)$1.2 B
Share Price (Jul 2021)$68.7(+2%)
Cybersecurity ratingAMore

Key People/Management at Materion

Jugal K. Vijayvargiya

Jugal K. Vijayvargiya

President and Chief Executive Officer
Shelly M. Chadwick

Shelly M. Chadwick

Vice President, Finance and Chief Financial Officer
Gregory R. Chemnitz

Gregory R. Chemnitz

Vice President, General Counsel and Secretary
Allen F. Reid

Allen F. Reid

Chief Human Resources Officer
Steve Holt

Steve Holt

Chief Information Officer
Clive Grannum

Clive Grannum

President, Performance Alloys and Composites
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Materion Office Locations

Materion has offices in Mayfield Heights, Albuquerque, Brewster, Buffalo and in 20 other locations
Mayfield Heights, OH, US (HQ)
6070 Parkland Blvd
Albuquerque, NM, US
5941 Midway Park Blvd NE
Brewster, NY, US
42 Mt Ebo Rd S
Buffalo, NY, US
2978 Main St
Delta, UT, US
10 Miles North Hwy 6
Elmhurst, IL, US
606 Lamont Rd
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Materion Financials and Metrics

Materion Revenue

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Materion's revenue was reported to be $1.18 b in FY, 2020 which is a 0.8% decrease from the previous period.
USD

Revenue (Q1, 2021)

2.7m

Gross profit (Q1, 2021)

(284.9m)

Gross profit margin (Q1, 2021), %

(10583.1%)

Net income (Q1, 2021)

16.8m

EBIT (Q1, 2021)

19.7m

Market capitalization (23-Jul-2021)

1.4b

Closing stock price (23-Jul-2021)

68.7

Cash (2-Apr-2021)

18.9m

EV

1.5b
Materion's current market capitalization is $1.4 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

1.2b1.2b1.2b

Revenue growth, %

6%(2%)(1%)

Cost of goods sold

956.7m926.3m983.6m

Gross profit

251.1m259.1m192.6m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

301.4m297.8m306.0m277.9m271.5m287.2k2.7m

Cost of goods sold

232.1m228.2m241.0m232.4m223.4m240.5m287.6m

Gross profit

69.3m69.6m64.9m45.6m48.1m46.6k(284.9m)

Gross profit Margin, %

23%23%21%16%18%16%(10583%)
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

70.6m125.0m25.9m

Accounts Receivable

130.5m154.8m166.4m

Inventories

214.9m190.4m250.8m

Current Assets

439.4m492.0m464.0m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash

41.9m74.9m94.5m107.6m265.1m117.8m18.9m

Accounts Receivable

145.0m142.3m165.5m138.8m146.5m150.5m180.5m

Prepaid Expenses

22.4m

Inventories

224.2m213.3m192.0m204.7m209.8m211.7m272.8m
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

20.8m50.7m15.5m

Depreciation and Amortization

35.5m41.1m42.4m

Inventories

4.2m24.0m(1.3m)

Accounts Payable

8.8m(18.6m)(21.9m)
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Net Income

16.9m32.4m35.9m(3.1m)3.6m10.1m16.8m

Depreciation and Amortization

9.1m22.6m32.0m14.3m23.5m32.0m8.6m

Inventories

(9.6m)1.3m22.1m(16.7m)(20.6m)(9.9m)(23.2m)

Accounts Payable

(16.0m)(18.8m)(14.1m)(13.0m)(7.6m)(9.8m)19.2m
USDFY, 2018

EV/EBIT

13.7 x

EV/CFO

11 x

Revenue/Employee

447.3k

Financial Leverage

1.4 x

P/E Ratio

44.5
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Materion Operating Metrics

Materion's Backlog was reported to be $279.2m in FY, 2020. Materion's Customers was reported to be 750 in FY, 2020.
FY, 2018FY, 2019FY, 2020

Backlog

$266 m$176.4 m$279.2 m

Customers

800750750
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Materion Acquisitions / Subsidiaries

Company NameDateDeal Size
Optics BalzersJuly 17, 2020$136.1 m
Aerospace Metal CompositesMarch 05, 2012
EIS OpticsOctober 20, 2011$24 m
Aerospace Metal Composites Limited
Egbert Corp.
EIS Optics Limited Taiwan
Materion Advanced Chemicals Inc.
Materion Advanced Materials Germany GmbH
Materion Advanced Materials Technologies and Services Corp.
Materion Advanced Materials Technologies and Services Far East Philippines PTD LTD.
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Materion Revenue Breakdown

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Materion revenue breakdown by business segment: 9.5% from Precision Coatings, 57.0% from Advanced Materials and 33.5% from Performance Alloys and Composites

Materion revenue breakdown by geographic segment: 16.1% from Europe, 28.1% from Asia, 54.6% from United States and 1.3% from Other

Materion Cybersecurity Score

Cybersecurity ratingPremium dataset

A

93/100

SecurityScorecard logo

Materion Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Materion Online and Social Media Presence

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Materion Company Culture

  • Overall Culture

    D+

    64/100

  • CEO Rating

    D-

    60/100

  • Compensation

    C-

    66/100

Learn more on Comparably

Materion News and Updates

Materion Corporation Conference Call Scheduled

Materion Corporation (NYSE - MTRN) will hold its quarterly conference call on Thursday, February 18, 2021, at 9:00 a.m. Eastern Time to review year-end and fourth quarter 2020 results. Jugal Vijayvargiya, President and Chief Executive Officer; Shelly Chadwick, Vice President, Finance and Chief Fi…

Materion Corporation Announces Annual Meeting Date and Declares Dividend

Materion Corporation (NYSE- MTRN) today announced March 8, 2021 as the record date for shareholders' voting at its Annual Meeting to be held on May 6, 2021.

Materion Corporation (MTRN) Soars 1.86% on February 02

Materion Corporation (MTRN) had a good day on the market for Tuesday February 02 as shares jumped 1.86% to close at $68.87. About 47,190 shares traded hands on 947 trades for the day, compared with an average daily volume of n/a shares out of a total float of 20.33 million. After opening the trading…

Materion Corporation (MTRN) Soars 1.08% on September 01

Materion Corporation is a Materion Corp is a producer of engineered materials based in the United States. The company produces materials used in electrical, electronic, thermal, and structural applications. Materion Corporation (MTRN) had a good day on the market for Tuesday September 01 as shares j…

Materion Corporation Announces Quarterly Cash Dividend

Materion Corporation (NYSE-MTRN) announced today that its Board of Directors declared a third quarter 2020 dividend of $0.115 per share of common stock. The dividend is payable on September 4, 2020 to shareholders of record at the close of business on August 18, 2020.

Materion Corporation Reports Second Quarter 2020 Financial Results

Materion Corporation (NYSE: MTRN) today reported second quarter 2020 financial results and provided an update on key strategic initiatives. Net sales were $271.5 million; value-added sales increased 2% sequentially to $161.6 million Net income was $0.32 per share, diluted; adjusted earnings were …
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Materion Blogs

Materion Corporation Conference Call Scheduled

MAYFIELD HEIGHTS, Ohio --(BUSINESS WIRE)--Oct. 11, 2018-- Materion Corporation (NYSE: MTRN) will hold its quarterly conference call on Thursday, October 25, 2018 , at 9:00 a.m. Eastern Time to review third quarter 2018 results. Jugal Vijayvargiya, President and Chief Executive Officer; Joseph

Materion’s SupremEX® Metal Matrix Composites Receive Two SAE-AMS Specifications

Specifications for SupremEX 225XE and 225XF Provide Aerospace Engineers with New Design Options MAYFIELD HEIGHTS, Ohio --(BUSINESS WIRE)--Oct. 9, 2018-- Materion Corporation (NYSE:MTRN) announced that the Society of Automotive Engineers - Aerospace Material Specification Nonferrous Alloys Committee

Materion Frequently Asked Questions

  • When was Materion founded?

    Materion was founded in 1931.

  • Who are Materion key executives?

    Materion's key executives are Jugal K. Vijayvargiya, Shelly M. Chadwick and Gregory R. Chemnitz.

  • How many employees does Materion have?

    Materion has 3,072 employees.

  • What is Materion revenue?

    Latest Materion annual revenue is $1.2 b.

  • What is Materion revenue per employee?

    Latest Materion revenue per employee is $382.9 k.

  • Who are Materion competitors?

    Competitors of Materion include BlueScope, Mueller Industries and Olympic Steel.

  • Where is Materion headquarters?

    Materion headquarters is located at 6070 Parkland Blvd, Mayfield Heights.

  • Where are Materion offices?

    Materion has offices in Mayfield Heights, Albuquerque, Brewster, Buffalo and in 20 other locations.

  • How many offices does Materion have?

    Materion has 26 offices.