最新ニュース Materion (NYSE:MTRN) 株価情報

Materion

Materion Corp is a producer of engineered materials based in the United States. The company produces materials used in electrical, electronic, thermal, and structural applications. The company operates in four reportable segments: Performance Materials, Electronic Materials, Precision Optics, and Other. The majority of revenue is derived from Electronic Materials which produces chemicals, microelectronics packaging, precious metal, non-precious metal, and specialty metal products, including vapor deposition targets, frame lid assemblies, clad and precious metal pre-forms, high temperature braze materials, and ultra-pure wire.

Materion Corp

U.S. stock futures were lower this morning, with the Dow futures falling more than 100 points on Friday's.
Shares of Intuit Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTU#NASDAQ">INTU</a>) fell sharply in today's pre-market trading. Intuit reported upbeat results for its first-quarter results, but issued weak forecast <a href="https://www.benzinga.com/news/earnings/24/11/42123997/intuit-shares-fall-after-q1-results-fy25-guidance-below-estimates">for the current quarter</a>.
The company reported quarterly earnings of $2.50 per share, which beat the analyst consensus estimate of $2.35 per share. Quarterly revenue came in at $3.28 billion which beat the consensus estimate of $3.14 billion.
Intuit said it sees second-quarter adjusted earnings of $2.55 to $2.61 per share, versus market estimates of $3.25 per share. The company expects revenue of $3.812 billion to $3.845 billion versus estimates of $3.88 billion.
Intuit shares dipped 5.7% to $639.95 in the pre-market trading session.
Here are some other stocks moving lower in pre-market trading.
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<li>AirSculpt Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIRS#NASDAQ">AIRS</a>) shares dipped 11.5% to $6.00 in pre-market trading.</li>
<li>Carter Bankshares, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CARE#NASDAQ">CARE</a>) shares fell 10.6% to $16.86 in pre-market trading.</li>
<li>Reddit, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RDDT#NYSE">RDDT</a>) fell 7.3% to $146.50 in pre-market trading. Reddit's shareholder, Advance Magazine Publishers Inc. plans to sell as much as $1.2 billion of the company's stake, reported Bloomberg on Friday morning. The company is said to be offering 7.8 million shares in between the range of $145.38-$148.54 each.</li>
<li>Evotec SE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EVO#NASDAQ">EVO</a>) fell 5.2% to $5.07 in pre-market trading</li>
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<li>Central Pacific Financial Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CPF#NYSE">CPF</a>) fell 3.6% to $30.25 in pre-market trading.</li>
<li>Materion Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTRN#NYSE">MTRN</a>) fell 2.6% to $110.00 in pre-market trading</li>
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Intuit Issues Weak Forecast, Joins Reddit And Other Big Stocks Moving Lower In Friday's Pre-Market Session

Materion Updates FY24 Adjusted EPS Range From $5.60 - $6.20 To $5.60 - $5.90, Est $5.80

Guidance

Materion Updates FY24 Adjusted EPS Range To $5.20 -$5.40 From $5.60 - $5.90, Est $5.27

Materion (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTRN#NYSE">MTRN</a>) reported quarterly earnings of $1.41 per share which met the analyst consensus estimate. The company reported quarterly sales of $436.715 million which beat the analyst consensus estimate of $416.400 million by 4.88 percent. This is a 8.35 percent increase over sales of $403.067 million the same period last year.

Earnings

Earnings Beats

Materion Q3 2024 Adj. EPS $1.41, Inline, Sales $436.715M Beat $416.400M Estimate

Materion (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTRN#NYSE">MTRN</a>) is set to give its latest quarterly earnings report on Wednesday, 2024-10-30. Here's what investors need to know before the announcement.
Analysts estimate that Materion will report an earnings per share (EPS) of $1.54. 
The market awaits Materion's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.
It's important for new investors to understand that guidance can be a significant driver of stock prices.
<h3>Performance in Previous Earnings</h3>
In the previous earnings release, the company beat EPS by $0.01, leading to a 10.87% increase in the share price the following trading session.
Here's a look at Materion's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.41</td>
<td>0.96</td>
<td>1.41</td>
<td>1.42</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.42</td>
<td>0.96</td>
<td>1.29</td>
<td>1.51</td>
</tr>
<tr>
<td>Price Change %</td>
<td>11.0%</td>
<td>-5.0%</td>
<td>0.0%</td>
<td>1.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1730224935_0.png" alt="eps graph" />
<h3>Tracking Materion's Stock Performance</h3>
Shares of Materion were trading at $104.58 as of October 28. Over the last 52-week period, shares are down 0.69%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. 
<h3>Analyst Opinions on Materion</h3>
Understanding market sentiments and expectations within the industry is crucial for investors. This analysis delves into the latest insights on Materion.
Materion has received a total of 1 ratings from analysts, with the consensus rating as Buy. With an average one-year price target of $135.0, the consensus suggests a potential 29.09% upside.
<h3>Analyzing Ratings Among Peers</h3>
This comparison focuses on the analyst ratings and average 1-year price targets of Ivanhoe Electric, MP Materials and Nexa Res, three major players in the industry, shedding light on their relative performance expectations and market positioning.
<ul>
<li>Analysts currently favor an Outperform trajectory for Ivanhoe Electric, with an average 1-year price target of $14.0, suggesting a potential 86.61% downside.</li>
<li>Analysts currently favor an Neutral trajectory for MP Materials, with an average 1-year price target of $19.78, suggesting a potential 81.09% downside.</li>
<li>The prevailing sentiment among analysts is an Buy trajectory for Nexa Res, with an average 1-year price target of $6.0, implying a potential 94.26% downside.</li>
</ul>
<h3>Overview of Peer Analysis</h3>
In the peer analysis summary, key metrics for Ivanhoe Electric, MP Materials and Nexa Res are highlighted, providing an understanding of their respective standings within the industry and offering insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Materion</td>
<td>Buy</td>
<td>6.85%</td>
<td>$80.86M</td>
<td>2.12%</td>
</tr>
<tr>
<td>Ivanhoe Electric</td>
<td>Outperform</td>
<td>-59.06%</td>
<td>$346K</td>
<td>-15.08%</td>
</tr>
<tr>
<td>MP Materials</td>
<td>Neutral</td>
<td>-51.18%</td>
<td>$-28.41M</td>
<td>-3.03%</td>
</tr>
<tr>
<td>Nexa Res</td>
<td>Buy</td>
<td>17.49%</td>
<td>$179.25M</td>
<td>-7.11%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Materion ranks at the top for Revenue Growth and Gross Profit among its peers. However, it ranks at the bottom for Return on Equity.
<h3>Delving into Materion's Background</h3>
Materion Corp is a producer of engineered materials based in the United States. The company produces materials used in electrical, electronic, thermal, and structural applications. The company operates in four reportable segments: Performance Materials, Electronic Materials, Precision Optics, and Other. The majority of revenue is derived from Electronic Materials which produces chemicals, microelectronics packaging, precious metal, non-precious metal, and specialty metal products, including vapor deposition targets, frame lid assemblies, clad and precious metal pre-forms, high temperature braze materials, and ultra-pure wire.
<h3>Materion: Financial Performance Dissected</h3>
Market Capitalization Analysis: Above industry benchmarks, the company's market capitalization emphasizes a noteworthy size, indicative of a strong market presence.
Revenue Growth: Materion displayed positive results in 3 months. As of 30 June, 2024, the company achieved a solid revenue growth rate of approximately 6.85%. This indicates a notable increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in Materials sector.
Net Margin: Materion's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 4.47%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Materion's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 2.12% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Materion's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 1.05% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: With a below-average debt-to-equity ratio of 0.61, Materion adopts a prudent financial strategy, indicating a balanced approach to debt management.
<a href="https://www.benzinga.com/quote/MTRN/earnings">To track all earnings releases for Materion visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Preview Of Materion's Earnings

WIIM

Materion shares are trading lower. Seaport Global cut its price target on the stock from $150 to $135.

Seaport Global analyst Michael Harrison maintains Materion (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTRN#NYSE">MTRN</a>) with a Buy and lowers the price target from $150 to $135.

Price Target

Analyst Ratings

Seaport Global Maintains Buy on Materion, Lowers Price Target to $135

CENX

STLD

USAP

VALE

ZEUS

Shares of companies within the broader metals and mining sector are trading lower amid overall market weakness. Weakness may be due to August's ISM Manufacturing PMI data indicating an economic contraction and pending non-farm payrolls data that may determine the size of future rate cuts.

Making a noteworthy insider sell on August 12, Jugal Vijayvargiya, President and CEO at Materion (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTRN#NYSE">MTRN</a>), is reported in the latest SEC filing.
What Happened: After conducting a thorough analysis, Vijayvargiya sold 20,000 shares of Materion. This information was disclosed in a Form 4 filing with the <a href="https://www.sec.gov/Archives/edgar/data/0001104657/000110465724000117//Archives/edgar/data/1104657/000110465724000117/0001104657-24-000117-index.htm">U.S. Securities and Exchange Commission</a> on Monday. The total transaction value is $2,235,653.
The latest market snapshot at Tuesday morning reveals Materion shares down by 0.0%, trading at $110.05.
<h3>Get to Know Materion Better</h3>
Materion Corp is a producer of engineered materials based in the United States. The company produces materials used in electrical, electronic, thermal, and structural applications. The company operates in four reportable segments: Performance Materials, Electronic Materials, Precision Optics, and Other. The majority of revenue is derived from Electronic Materials which produces chemicals, microelectronics packaging, precious metal, non-precious metal, and specialty metal products, including vapor deposition targets, frame lid assemblies, clad and precious metal pre-forms, high temperature braze materials, and ultra-pure wire.
<h3>Financial Milestones: Materion's Journey</h3>
Revenue Growth: Over the 3 months period, Materion showcased positive performance, achieving a revenue growth rate of 6.85% as of 30 June, 2024. This reflects a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Materials sector.
Interpreting Earnings Metrics:
<ul>
<li>
Gross Margin: The company issues a cost efficiency warning with a low gross margin of 18.99%, indicating potential difficulties in maintaining profitability compared to its peers.
</li>
<li>
Earnings per Share (EPS): Materion's EPS is significantly higher than the industry average. The company demonstrates a robust bottom-line performance with a current EPS of 0.92.
</li>
</ul>
Debt Management: Materion's debt-to-equity ratio surpasses industry norms, standing at 0.61. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
Evaluating Valuation:
<ul>
<li>
Price to Earnings (P/E) Ratio: Materion's current Price to Earnings (P/E) ratio of 29.35 is higher than the industry average, indicating that the stock may be overvalued according to market sentiment.
</li>
<li>
Price to Sales (P/S) Ratio: The current P/S ratio of 1.41 is below industry norms, suggesting potential undervaluation and presenting an investment opportunity for those considering sales performance.
</li>
<li>
EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation &amp; Amortization): At 15.34, the company's EV/EBITDA ratio outperforms industry norms, reflecting positive market perception. This positioning indicates optimistic expectations for the company's future performance.
</li>
</ul>
Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.
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<h3>Exploring the Significance of Insider Trading</h3>
Insider transactions shouldn't be used primarily to make an investing decision, however an insider transaction can be an important factor in the investing decision. 
In the realm of legality, an "insider" is defined as any officer, director, or beneficial owner holding more than ten percent of a company's equity securities under Section 12 of the Securities Exchange Act of 1934. This includes executives in the c-suite and major hedge funds. These insiders are required to disclose their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
Notably, when a company insider makes a new purchase, it is considered an indicator of their positive expectations for the stock.
Conversely, insider sells may not necessarily signal a bearish stance on the stock and can be motivated by various factors.
<h3>A Deep Dive into Insider Transaction Codes</h3>
For <a href="https://www.benzinga.com/money/investing-tools">investors</a>, a primary focus lies on transactions occurring in the open market, as indicated in Table I of the Form 4 filing. A P in Box 3 denotes a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
<a href="https://www.benzinga.com/sec/insider-trades/search/index?company_cik=0001104657">Check Out The Full List Of Materion's Insider Trades.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insider Trades

Insider Selling: Jugal Vijayvargiya Unloads $2.24M Of Materion Stock

U.S. stocks were higher, with the Dow Jones index gaining over 300 points on Tuesday.
Shares of Yum China Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YUMC#NYSE">YUMC</a>) rose sharply during Tuesday's session after the company reported better-than-expected second-quarter earnings and <a href="https://www.benzinga.com/news/earnings/24/08/40181443/restaurant-company-yum-china-posts-mixed-q2-results-announces-cfo-change">announced a CFO transition.</a>
Core operating profit grew 12% Y/Y to $275 million, with a margin of 10.0% vs. 9.3% a year ago quarter. EPS of 55 cents surpassed the street view of 47 cents.
Yum China shares surged 11.6% to $33.26 on Tuesday.
Here are some other big stocks recording gains in today's session.
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<li>Lumen Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUMN#NYSE">LUMN</a>) shares surged 90% to $4.92 after the company announced it secured $5 billion in new business from companies seeking to secure their fiber capacity.</li>
<li>Clear Secure, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/YOU#NYSE">YOU</a>) gained 26.4% to $24.61 after the company reported better-than-expected second-quarter financial results and issued third-quarter revenue guidance above estimates.</li>
<li>Serve Robotics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SERV#NASDAQ">SERV</a>) climbed 24.9% to $17.01 after falling around 7% on Monday.</li>
<li>TG Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TGTX#NASDAQ">TGTX</a>) gained 21.2% to $20.85  after the company reported better-than-expected quarterly financial results and raised its FY24 Briumvi U.S. net product revenue. The company entered into a term loan facility with Blue Owl Capital.</li>
<li>Castle Biosciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSTL#NASDAQ">CSTL</a>) rose 17.8% to $25.76 after the company reported better-than-expected second-quarter financial results and increased its FY24 revenue guidance above estimates.</li>
<li>Bioventus Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BVS#NASDAQ">BVS</a>) jumped 18.5% to $7.42 after the company reported better-than-expected second-quarter financial results and raised its FY24 guidance above estimates.</li>
<li>Vimeo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VMEO#NASDAQ">VMEO</a>) gained 17.2% to $4.18 after the company reported better-than-expected quarterly financial results and raised its FY24 revenue guidance.</li>
<li>Cabot Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CBT#NYSE">CBT</a>) rose 15.2% to $100.21 following upbeat quarterly results.</li>
<li>Kenvue Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KVUE#NYSE">KVUE</a>) climbed 13.7% to $20.69 after the company reported better-than-expected quarterly financial results.</li>
<li>Vornado Realty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VNO#NYSE">VNO</a>) gained 13.2% to $30.85 following better-than-expected quarterly earnings.</li>
<li>New Oriental Education &amp; Technology Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EDU#NYSE">EDU</a>) gained 11.6% to $72.87  after the company upsized its share repurchase program.</li>
<li>BellRing Brands, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRBR#NYSE">BRBR</a>) gained 11.2% to $54.85 following upbeat quarterly earnings.</li>
<li>TransMedics Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMDX#NASDAQ">TMDX</a>) gained 9.3% to $162.20.</li>
<li>BioMarin Pharmaceutical Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BMRN#NASDAQ">BMRN</a>) rose 9.3% to $87.99 after the company reported better-than-expected quarterly financial results. Also, Evercore ISI Group maintained an Outperform rating on the stock and raised its price target from $113 to $115.</li>
<li>Royal Caribbean Cruises Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RCL#NYSE">RCL</a>) rose 9.1% to $152.55. The company announced that it entered into exchange agreements with a limited number of noteholders of its 6% Convertible Senior Notes due 2025</li>
<li>Materion Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTRN#NYSE">MTRN</a>) gained 9% to $112.74 following strong quarterly earnings.</li>
<li>Planet Fitness, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLNT#NYSE">PLNT</a>) rose 9% to $78.53 after the company reported better-than-expected second-quarter financial results and reiterated 2024 outlook.</li>
<li>Molson Coors Beverage Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAP#NYSE">TAP</a>) rose 6.7% to $54.58  after the company reported better-than-expected quarterly financial results.</li>
<li>Apollo Global Management, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APO#NYSE">APO</a>) gained 5.9% to $105.02 after B of A Securities upgraded the stock from Neutral to Buy.</li>
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&quot;With that, we are lowering the top end of our guide, revising our range to&nbsp;$5.60&nbsp;to&nbsp;$5.90&nbsp;for the full year 2024 adjusted earnings per share, an increase of&nbsp;2%&nbsp;from prior year at the midpoint.

Materion Updates FY24 Adjusted EPS Range From $5.60 - $6.20 To $5.60 - $5.90, Est $5.80

Materion (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTRN#NYSE">MTRN</a>) reported quarterly earnings of $1.42 per share which beat the analyst consensus estimate of $1.39 by 2.16 percent. This is a 2.9 percent increase over earnings of $1.38 per share from the same period last year. The company reported quarterly sales of $425.866 million which beat the analyst consensus estimate of $424.020 million by 0.44 percent. This is a 6.85 percent increase over sales of $398.551 million the same period last year.

Materion Q2 2024 Adj. EPS $1.42 Beats $1.39 Estimate, Sales $425.866M Beat $424.020M Estimate

Keybanc analyst Philip Gibbs maintains Materion (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTRN#NYSE">MTRN</a>) with a Overweight and lowers the price target from $156 to $152.

Keybanc Maintains Overweight on Materion, Lowers Price Target to $152

Materion Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTRN#NYSE">MTRN</a>) announced today that its Board of Directors declared a second-quarter 2024 dividend of $0.135 per share of common stock, an increase of $0.005 per share. The dividend is payable on June 7, 2024, to shareholders of record at the close of business on May 23, 2024.

Dividends

Materion Increases Quarterly Dividend From $0.13 To $0.135 Per Share

<h2 class="wp-block-heading">Top Stories for May 2, 2024</h2>
Warrior Met Coal (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HCC#NYSE">HCC</a>): The Brookwood, Alabama-based company <a href="https://www.benzinga.com/news/earnings/24/05/38566954/warrior-met-coal-q1-2024-adj-eps-2-63-misses-2-75-estimate-sales-503-512m-beat-476-593m-estimate">reported Q1 results</a> with net income of $137 million, sales of $503.512 million and adjusted EBITDA of $200.2 million.
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<li>Warrior Met saw a 17% increase in production volumes for its highest quarterly production in over three years. </li>
<li>After investing in its Blue Creek project, it returned $30.6 million to shareholders via dividends. </li>
<li>Despite reduced demand and lower coal prices, the company reaffirmed its 2024 guidance.</li>
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Materion (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTRN#NYSE">MTRN</a>): The Mayfield Heights, Ohio-based company reported Q1 results with net sales of $385.3 million. Net income came in at $13.4 million, or 64 cents per diluted share and 96 cents adjusted earnings per share.
<ul>
<li>The company updated its full-year earnings forecast to $5.60 to $6.20 per share, reflecting a 5% annual growth at the midpoint.&nbsp;</li>
<li>Sales declined due to weaker semiconductor and industrial markets, offset by strength in space and defense.&nbsp;</li>
<li>Operating profit was $22.2 million, down from $36.9 million last year and adjusted EBITDA was $45.2 million, maintaining similar margins due to cost improvements despite lower volumes.</li>
</ul>
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<li>HighGold shareholders will receive 0.019 Contango shares per HighGold share, a 59% premium.&nbsp;</li>
<li>Post-transaction, Contango shareholders will own about 85% of the combined company while HighGold shareholders will own the remaining 15%.</li>
</ul>
ArcelorMittal (OTC:<a class="ticker" href="https://www.benzinga.com/stock/AMSYF#OTC">AMSYF</a>): The Luxembourg-based company reported its Q1 results, emphasizing health and safety with a significant focus on zero serious injuries. 
<ul>
<li>The period saw a 5% increase in steel shipments and a rise in EBITDA to $2 billion from $1.5 billion in the previous quarter.&nbsp;</li>
<li>Net income was $0.9 billion, recovering from a net loss of $3 billion in Q4 2023, and seasonal investments led to a free cash outflow of $1.4 billion.&nbsp;</li>
<li>The company&#8217;s net debt stood at $4.8 billion, showing strong cash generation despite substantial investments and shareholder returns.</li>
</ul>
Now Read:<a href="https://www.benzinga.com/"> </a><a href="https://www.benzinga.com/markets/asia/24/04/38412172/will-indonesias-new-president-continue-nickel-policy-which-undercuts-competitors">Will Indonesia&#8217;s New President Continue Nickel Policy, Which Undercuts Competitors?</a>
Benzinga Mining is the bridge between mining companies and retail investors. Reach out to <a href="mailto:licensing@benzinga.com">licensing@benzinga.com</a> to get connected with the Benzinga community!

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Warrior Met Coal Sees Production Surge; Materion Updates Earnings Forecast; Contango To Acquire HighGold And More: Thursday's Top Mining Stories

Materion (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTRN#NYSE">MTRN</a>) reported quarterly earnings of $0.96 per share which met the analyst consensus estimate. This is a 28.36 percent decrease over earnings of $1.34 per share from the same period last year. The company reported quarterly sales of $385.287 million which missed the analyst consensus estimate of $386.840 million by 0.40 percent. This is a 12.93 percent decrease over sales of $442.526 million the same period last year.

Earnings Misses

Materion Q1 2024 GAAP EPS $0.96, Inline, Sales $385.287M Miss $386.840M Estimate

Top Stories for April 1, 2024:
1. Institutional Shareholder Services (ISS) and Glass Lewis, independent proxy advisory firms, recommended U.S. Steel (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/X#NYSE">X</a>) shareholders approve the sale to Nippon Steel at the April 12 special meeting. 
ISS believes the transaction offers a significant premium from a competitive sale process, favoring Nippon&#8217;s all-cash offer over a riskier offer from Cleveland-Cliffs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CLF#NYSE">CLF</a>).&nbsp;
Glass Lewis also notes the deal&#8217;s value substantially exceeds U.S. Steel's stand-alone valuation prior to the announcement, viewing the all-cash purchase price as attractive and well-supported by a comprehensive solicitation effort.
2. Ascent Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACNT#NASDAQ">ACNT</a>) reported a decrease in net sales and a net loss for both Q4 and the full year of 2023, primarily due to reduced demand, destocking trends and increased costs. 
Q4 net sales dropped to $41.2 million from $54.2 million, with a net loss of $7.5 million, compared to net income of $4.5 million in the previous year.&nbsp;
Full-year net sales fell to $193.2 million from $262 million, with its net loss increasing to $34.2 million from a net income of $17.6 million in 2022.&nbsp;
Adjusted EBITDA was negative for both periods, reflecting lower operating margins.
Also Read:<a href="https://www.benzinga.com/topic/mining"> </a><a href="https://www.benzinga.com/m-a/24/03/37990028/steel-industry-continues-to-consolidate-as-companies-adapt-to-new-global-dynamics">Steel Industry Continues To Consolidate As Companies Adapt To New Global Dynamics</a>
3. Materion (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTRN#NYSE">MTRN</a>) expects its first-quarter value-added sales to decrease by about 10%, forecasting sales between $255 to $265 million due to lower shipment volumes and a slight drop in order rates. 
Despite these challenges, the company is optimistic about recovering losses later in 2024 and will provide more updates in its May earnings call.
4. MP Materials (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MP#NYSE">MP</a>) was awarded $58.5 million to build the first fully-integrated rare earth magnet facility in America, a project supported by the IRS and Treasury through a competitive process overseen by the Department of Energy. 
This facility will produce neodymium-iron-boron (NdFeB) magnets, crucial for a wide range of technologies including electric vehicles and defense systems, with demand expected to triple by 2035.&nbsp;
The construction began in Fort Worth, Texas, in April 2022, with commercial production starting in 2025.&nbsp;
This move addresses the U.S.&#8217;s critical dependence on imports for NdFeB magnets, a national security concern highlighted by a Department of Commerce investigation.
Now Read:<a href="https://www.benzinga.com/"> </a><a href="https://www.benzinga.com/etfs/sector-etfs/24/03/37994542/gold-prices-rise-to-all-time-highs-mark-best-month-in-4-years-mining-stocks-rally-as-traders-ant">Gold Prices Rise To All-Time Highs, Mark Best Month In 4 Years: Mining Stocks Rally As Traders Anticipate Windfall Gains</a>
Benzinga Mining is the bridge between mining companies and retail investors. Reach out to <a href="mailto:licensing@benzinga.com">licensing@benzinga.com</a> to get connected with the Benzinga community!
Image generated using artificial intelligence via Midjourney.

ACNT

Proxy Advisors Recommend Sale Of US Steel; Ascent Reports Financial Results; Materion Expects 10% Sales Decline And More: Monday's Top Mining Stories

Keybanc analyst Philip Gibbs maintains Materion (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTRN#NYSE">MTRN</a>) with a Overweight and lowers the price target from $157 to $156.

Keybanc Maintains Overweight on Materion, Lowers Price Target to $156

Materion shares are trading lower after the company said it expects value-added sales for the first quarter will be roughly 10% below prior expectations.

Materion Currently Believes That Impact Of Q1 Shortfall Will Be Made Up Over Balance Of 2024

Materion Estimates The Value-added Sales For Q1 To Be In Range Of $255M-$265M

MP Materials: Its Critical Role In Rare Earth To Reward Patient Investors

Materion ( ($MTRN) ) has provided an update. Materion Corporation has lowered its full-year adjusted earnings per share guidance for 2024 to $5.20-...

Materion Adjusts Full-Year Earnings Guidance Amid Market Challenges

In a report released today, Michael Harrison CFA from Seaport Global maintained a Buy rating on Materion (MTRN – Research Report), with a price tar...

Seaport Global Reaffirms Their Buy Rating on Materion (MTRN)

Materion lowers FY24 adjusted EPS view to $5.20-$5.40

Materion declares $0.135 dividend

Materion Non-GAAP EPS of $1.41 in-line, revenue of $436.72M beats by $20.32M

Materion Corporation (MTRN) Q3 2024 Earnings Call Transcript

Materion Corp ( ($MTRN) ) has realeased its Q3 earnings. Here is a breakdown of the information Materion Corp presented to its investors. Materion ...

Materion Corporation Reports Strong Q3 2024 Results

Seaport Global Keeps Their Buy Rating on Materion (MTRN)

Dividend Champion, Contender, And Challenger Highlights: Week Of November 10

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Politan Details Why a Truly Independent Board is Urgently Needed at Masimo in Order to Protect Shareholder Value and Realize the Company's Full Potential

Materion Corporation to Announce Second Quarter Financial Results on August 5

Materion Corporation Reports Record Second Quarter 2024 Financial Results

Materion Corporation Declares Quarterly Cash Dividend

Politan Provides Update on Why Masimo Shareholders Should Support Urgently Needed Board Change at Company's 2024 AGM

Materion Names Jason Moore President of Precision Optics Business

Rockland Resources Looks to Drill the Permitted Beryllium Butte Project, Utah

Materion Corporation to Announce Third Quarter 2024 Financial Results on October 30

Materion Corporation Reports Third Quarter 2024 Financial Results

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