Specialty materials maker Materion's Q2 sales, adj EBITDA beat estimates
MTRN•Overview
- US advanced materials supplier's Q2 sales rose and beat analyst expectations
- Adjusted EBITDA for Q2 reached a record high, beating analyst expectations
- Company raised full-year adjusted EPS outlook, citing strong demand and record backlog
Company press release: ID:nBw3j6XGJa
| Metric | Beat/Miss | Actual | Consensus Estimate |
| Q2 Sales | Beat | $613.90 mln | $548.50 mln (5 Analysts) |
| Q2 Net Income | $38.80 mln | ||
| Q2 Adjusted EBITDA | Beat | $71.80 mln | $60.64 mln (5 Analysts) |
| Q2 Operating Profit | $51.70 mln |
Outlook and result drivers
-
Materion raises full-year adjusted EPS outlook to $6.80-$7.20, up 30% from prior year midpoint
-
Company expects mid-teens top-line growth for the full year
-
Materion cites strong order rate momentum and record backlog supporting outlook
-
END-MARKET GROWTH - Co said double-digit sales growth was delivered across all business segments, with strength in aerospace & defense, semiconductor, industrial, energy, and telecom & data center markets
