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Materion Corp (MTRN) Q1 2021 Earnings Call Transcript


Greetings and welcome to the Materion s First Quarter 2021 Earnings Conference Call. [Operator Instructions]
I would now like to turn the conference over to your host, Andrew Vento, Manager, Investor Relations and Corporate Development. You may begin.
Andrew Vento
Manager Investor Relations and Corporate Development
Good morning and thank you everyone for joining us on our first quarter 2021 earnings conference call. This is Andrew Vento, Manager, Investor Relations and Corporate Development for Materion Corporation. Before we begin our remarks this morning, I would like to point out that starting this quarter, we will be utilizing presentation materials alongside our quarterly earnings conference calls. We have posted those materials on the company s website that we will reference as a part of today s review of the quarterly results. You can also access the materials through the download feature on the earnings call webcast link. With me today is Jugal Vijayvar ....

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Materion Corp (MTRN) Q4 2020 Earnings Call Transcript


Operator
Greetings, and welcome to the Materion Yearend 2020 Earnings Conference Call. At this time, all participants are in listen-only mode. [Operator Instructions]
I would now like to turn the conference over to Steve Shamrock, VP, Corporate Controller and Investor Relations. Please go ahead, sir.
Steve Shamrock
Vice President , Corporate Controller and Investor Relations
Good morning. This is Steve Shamrock, Vice President, Corporate Controller and Investor Relations. With me today is Jugal Vijayvargiya, President and Chief Executive Officer, and Shelly Chadwick, Vice President and Chief Financial Officer. Our format for today s conference call is as follows. Jugal Vijayvargiya will provide opening comments on COVID-19, the company s financial performance and key strategic initiatives. Following Jugal, Shelly Chadwick will review detailed financial results for the quarter and full year, and then we will open up the call for questions. ....

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Materion Corporation Reports Fourth Quarter and Full-Year 2020 Financial Results and Provides First Quarter 2021 Earnings Guidance


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Materion Corporation (NYSE: MTRN) today reported fourth quarter and full-year 2020 financial results, provided first quarter 2021 earnings guidance, and provided an update on key strategic initiatives.
Fourth Quarter 2020 Highlights
Net sales were $339.7 million compared to $287.2 million in the third quarter; value-added sales increased 14% sequentially to $190.8 million
Net income of $0.39 per share, diluted; adjusted earnings of $0.70 per share (including a $.06 per share increase from the change to FIFO accounting), up for the third consecutive quarter
Advanced several key strategic initiatives including:
Completed full quarter of shipments for the new precision clad engineered strip project
Continued Optics Balzers integration, creating a world leader in precision optics ....

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