Materion reported strong financial results for the second quarter of 2025, with record margins and significant free cash flow. The company saw growth in aerospace, defense, and energy markets, and achieved notable margin improvements in the Electronic Materials segment. However, challenges persist in the Chinese semiconductor market and precision clad strip shipments. Despite these challenges, the company's strategic initiatives and market diversification are driving positive outlooks.

Company Guidance -

Q3 2025

During the Materion Second Quarter 2025 Earnings Conference Call, the company reported several key metrics and provided guidance for the remainder of the year. The company achieved record second quarter margins, with EBITDA reaching $56 million and maintaining margins above 20%, despite a 2% organic decline in sales. Electronic Materials posted an all-time high EBITDA margin of 23.4%, and Precision Optics sales improved 14% sequentially. Materion generated $36 million in free cash flow, the strongest for any second quarter, and ended the period with a net debt position of approximately $413 million. The company affirmed its full-year adjusted earnings guidance of $5.30 to $5.70 per share. Growth was noted in aerospace and defense, energy, and semiconductor sectors, with defense bookings reaching $75 million, and energy sales up 28% year-on-year for the first half. The company's acquisition of Korean manufacturer Konasol's tantalum solution assets was highlighted as a strategic expansion of its semiconductor footprint in Asia. Materion expressed cautious optimism for the remainder of 2025, citing positive order rates and a recovering semiconductor market outside of China.

Record Second Quarter Margins

Materion delivered a record second quarter EBITDA margin of 20.8%, driven by strong operational performance and cost improvements.

Strong Free Cash Flow

The company generated $36 million in free cash flow, the strongest seen in any second quarter, supported by disciplined working capital management.

Electronic Materials Margin Expansion

The Electronic Materials segment achieved a record EBITDA margin of 23.4%, reflecting improved cost structure and operational efficiencies.

Growth in Aerospace and Defense

Sales in the aerospace and defense market increased, with a 60% year-on-year sales increase outside the U.S. and record bookings of $75 million in the first half of 2025.

Energy Market Growth

Sales in the energy sector were up 28% year-on-year for the first half of 2025, with a focus on new energy initiatives exceeding full-year 2024 sales.

Acquisition of Tantalum Solutions from Konasol

Materion expanded its semiconductor footprint in Asia by acquiring manufacturing assets from Konasol, enhancing capacity and capability.

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.

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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.