)
Materion (MTRN) investor relations material
Materion Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net sales for Q3 2025 were $444.8 million, up 2% year-over-year, with value-added sales of $263.9 million, reflecting 1% organic growth despite equipment downtime in Performance Materials.
Net income rose 14% to $25.4 million ($1.22 per diluted share), with adjusted EPS flat at $1.41 year-over-year and operating profit up to $34.9 million.
Record EBITDA margins of 27.1% in Electronic Materials and 1000 basis points margin expansion in Precision Optics, driven by semiconductor recovery and new business wins.
Order rates increased double digits sequentially across all business segments, with record defense bookings and a new supply agreement for fusion energy technology.
Announced a new $50 million stock repurchase program and continued transformation in Precision Optics.
Financial highlights
Value-added sales for Q3 were $263.9 million, up 1% organically year-over-year; net income was $25.4 million (5.7% of net sales).
Adjusted EPS was $1.41, flat year-over-year and up 3% sequentially; adjusted EBITDA was $55.5 million (21.0% of value-added sales).
Gross margin for Q3 was $86.1 million (19% of net sales), up 6% year-over-year; operating profit rose 12% to $34.9 million.
Net debt at quarter-end was $441 million, with leverage at 2x, within target range.
Cash flow from operations for the first nine months was $83.7 million, up from $11.6 million year-over-year.
Outlook and guidance
Full-year adjusted EPS guidance affirmed at $5.30–$5.70, with strong order rates and new business initiatives supporting momentum into 2026.
Management expects significant improvement in Q4 as equipment issues are resolved and defense/energy sales rise.
Capital expenditures for 2025 expected to be approximately $70 million.
Liquidity remains strong, with $16.4 million in cash and $214 million in available borrowing capacity.
Cautious outlook on China and auto markets due to ongoing uncertainty and potential government shutdown impacts.
Next Materion earnings date
The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage
)
)