The earnings call highlighted several strong points, including record margins, strong cash flow, and growth in specific segments such as defense, aerospace, and energy. However, there were challenges in sales declines, particularly in the semiconductor segment in China and the Precision Optics year-over-year decline. The overall sentiment is positive due to the significant achievements and strategic growth areas outweighing the challenges.

Company Guidance -

Q3 2025

During the Materion Second Quarter 2025 Earnings Conference Call, the company provided a detailed outlook for the remainder of the year, highlighting several key metrics and performances. Despite a 2% organic decline in sales, the company achieved a strong EBITDA of $56 million, maintaining margins above 20%. Notably, the Electronic Materials segment recorded an all-time high EBITDA margin of 23.4%. Precision Optics showed a 14% sequential improvement in sales and a $2 million increase in EBITDA. The company generated a record $36 million in free cash flow for Q2 and maintained a net debt position of approximately $413 million, with leverage below 2x. Materion remains on track to meet its full-year adjusted earnings per share guidance of $5.30 to $5.70, supported by strong defense bookings, a doubling of its space order backlog, and significant growth in the energy end market. The company also noted an improved order rate, particularly in non-China semiconductor markets, and the integration of manufacturing assets from Konasol, which expands its semiconductor footprint in Asia.

Record Second Quarter Margins

Materion delivered record second quarter margins with strong free cash flow. EBITDA was strong at $56 million, and margins remained above 20%.

Electronic Materials Performance

The Electronic Materials segment achieved an all-time high EBITDA margin of 23.4%. This improvement is attributed to cost optimization and operational efficiencies.

Precision Optics Segment Improvement

Precision Optics showed significant improvement with sales increasing 14% sequentially and EBITDA increasing by more than $2 million.

Strong Free Cash Flow

Materion generated $36 million in free cash flow, marking the strongest second quarter in terms of cash flow.

Defense and Aerospace Growth

Defense sales outside the U.S. increased by 60% year-on-year, and the company received over $100 million in requests for quotations in the second quarter alone.

Energy Market Growth

Energy sales increased 28% year-on-year for the first half of 2025, driven by new and existing business.

Materion (MTRN) Earnings, Revenues Date & History

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MTRN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 29, 2025	2025 (Q3)	1.41 / -	1.41	―	―	―
Jul 30, 2025	2025 (Q2)	1.16 / 1.37	1.42	-3.52% (-0.05)
May 01, 2025	2025 (Q1)	1.06 / 1.13	0.96	17.71% (+0.17)
Feb 19, 2025	2024 (Q4)	1.45 / 1.55	1.41	9.93% (+0.14)
Oct 30, 2024	2024 (Q3)	1.41 / 1.41	1.51	-6.62% (-0.10)
Aug 05, 2024	2024 (Q2)	1.39 / 1.42	1.38	2.90% (+0.04)
May 01, 2024	2024 (Q1)	0.96 / 0.96	1.34	-28.36% (-0.38)
Feb 15, 2024	2023 (Q4)	1.41 / 1.41	1.49	-5.37% (-0.08)
Nov 01, 2023	2023 (Q3)	1.42 / 1.51	1.31	15.27% (+0.20)
Aug 02, 2023	2023 (Q2)	1.36 / 1.38	1.28	7.81% (+0.10)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

MTRN Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 30, 2025	$92.06	$101.61	+10.37%
May 01, 2025	$82.86	$84.10	+1.50%
Feb 19, 2025	$99.43	$103.42	+4.01%
Oct 30, 2024	$106.14	$104.86	-1.21%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.