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MATERION Corp (MTRN)

Income Statement Business | Geographic

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15Dec-31-14
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenues:  
    United States  794.9641.7743.3726.9650.7 639.4731.2
    Advanced Materials  866.8670.9573.8586.6590.8 482.3 
    Performance Alloys and Composites  511.9394.2500.2500.6429.4 394.8433.3
    Other  19.315.316.824.217.7 0.21.3
Total revenues   [+]1,510.61,176.31,185.41,207.81,139.4969.21,025.31,126.9
            Revenue growth   [+]28.4%-0.8%-1.9%6.0%17.6%-5.5%-9.0%-3.4%
Cost of goods sold  1,226.9983.6922.7956.5926.6784.7834.5921.0
Gross profit  283.8192.6262.7251.4212.8184.5190.8205.9
            Gross margin  18.8%16.4%22.2%20.8%18.7%19.0%18.6%18.3%
Selling, general and administrative  163.8134.0147.2153.5144.3129.0129.9136.5
Research and development  26.620.318.315.214.012.812.812.9
EBITDA   [+]120.870.9124.0102.983.477.186.9111.1
            EBITDA margin  8.0%6.0%10.5%8.5%7.3%8.0%8.5%9.9%
Depreciation  38.240.039.733.338.141.232.737.6
EBITA  82.630.984.369.645.336.054.273.5
            EBITA margin  5.5%2.6%7.1%5.8%4.0%3.7%5.3%6.5%
Amortization of intangibles  6.02.41.42.34.64.55.15.2
EBIT   [+]76.728.582.967.440.731.549.168.3
            EBIT margin  5.1%2.4%7.0%5.6%3.6%3.2%4.8%6.1%
Non-recurring items  -0.420.312.35.60.62.63.810.8
Interest expense  3.73.41.81.41.61.62.02.8
Other income (expense), net  3.93.5-3.2-43.7-2.0-2.0-0.4 
Pre-tax income  77.38.365.516.636.425.342.854.8
Income taxes  4.9-7.212.1-4.424.9-0.410.712.7
            Tax rate  6.3% 18.5% 68.5% 24.9%23.1%
Net income  72.515.553.421.011.525.732.242.1
            Net margin  4.8%1.3%4.5%1.7%1.0%2.7%3.1%3.7%
   
Basic EPS   [+]$3.55$0.76$2.62$1.04$0.57$1.29$1.60$2.06
Diluted EPS   [+]$3.50$0.75$2.59$1.02$0.56$1.27$1.58$2.02
   
Dividends per share   [+]$0.48$0.46$0.44$0.42$0.40$0.38$0.36$0.34
   
Shares outstanding (basic)   [+]20.420.320.420.220.020.020.120.5
Shares outstanding (diluted)   [+]20.720.620.720.620.420.220.420.9
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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