Materion Announces Changes to End Market Reporting

Posted on July 18th, 2019 | Filed under Press Releases

MAYFIELD HEIGHTS, Ohio–(BUSINESS WIRE)–Materion Corporation (NYSE: MTRN) today announced changes in how the Company will report global end market value-added sales performance based on the ongoing refinement of One Materion commercial excellence go-to-market strategy. The changes reflect new processes designed to enable the Company to better serve global customers and growth markets.

The major changes from end market value-added sales information previously reported include the following:

  • Creating a new semiconductor end market, the majority of which was previously reported in consumer electronics;
  • Combining aerospace and defense into a single end market;
  • Expanding the previously reported automotive electronics end market to contain all automotive-related end market sales; and
  • Establishing a telecom and data center end market, which includes end market sales previously reported in telecommunications infrastructure and select segments of consumer electronics.

Going forward the Company will report value-added sales information for the following end markets:

  • Semiconductor;
  • Industrial;
  • Aerospace and defense;
  • Automotive;
  • Energy;
  • Consumer electronics;
  • Telecom and data center; and
  • Other

To facilitate discussions with investors and the upcoming review of second quarter earnings results, the Company is including historical data recast into the new end markets for the first quarter of 2019 and the full year of 2018 as part of this press release.

About Materion:

Materion Corporation is headquartered in Mayfield Heights, Ohio. The Company, through its wholly owned subsidiaries, supplies highly engineered advanced materials to global markets. Our unique product portfolio includes high performance alloys, beryllium products, clad metal strip, composite metals, ceramics, inorganic chemicals, microelectronics packaging materials, precision optics, thin film coatings and thin film deposition materials. Learn more about Materion at (http://materion.com/About).

Connect with Materion on social media through:

Facebook – https://www.facebook.com/MaterionCorp/

LinkedIn – https://www.linkedin.com/company/materion-corporation

Twitter – https://twitter.com/MaterionCorp

YouTube – https://www.youtube.com/user/MaterionVideos

Materion Corporation and Subsidiaries

Value-added sales by Market

(Unaudited)

 

2018

 

2019

(Millions)

First

Quarter

 

Second

Quarter

 

Third

Quarter

 

 

Fourth

Quarter

 

Full Year

 

First

Quarter

Materion Corporation

 

 

 

 

 

 

 

 

 

 

 

Semiconductor

$

37.0

 

 

$

39.0

 

 

$

34.5

 

 

$

33.8

 

 

$

144.3

 

 

$

37.4

 

Industrial

33.2

 

 

33.7

 

 

32.8

 

 

32.0

 

 

131.7

 

 

33.6

 

Aerospace and Defense

21.5

 

 

29.5

 

 

24.1

 

 

28.0

 

 

103.1

 

 

30.5

 

Automotive

19.4

 

 

19.3

 

 

21.2

 

 

18.2

 

 

78.1

 

 

17.1

 

Energy

16.8

 

 

15.9

 

 

19.7

 

 

16.7

 

 

69.1

 

 

18.3

 

Consumer Electronics

17.6

 

 

18.0

 

 

16.1

 

 

17.2

 

 

68.9

 

 

14.1

 

Telecom and Data Center

12.6

 

 

15.0

 

 

15.0

 

 

14.7

 

 

57.3

 

 

15.1

 

Other

23.2

 

 

19.5

 

 

18.5

 

 

25.2

 

 

86.5

 

 

21.6

 

Total

$

181.3

 

 

$

189.9

 

 

$

181.9

 

 

$

185.8

 

 

$

739.0

 

 

$

187.7

 

Performance Alloy and Composites

 

 

 

 

 

 

 

 

 

 

 

Semiconductor

$

1.1

 

 

$

1.3

 

 

$

1.4

 

 

$

1.2

 

 

$

5.0

 

 

$

1.9

 

Industrial

25.7

 

25.7

 

23.9

 

23.5

 

98.8

 

 

24.0

Aerospace and Defense

16.2

 

24.1

 

18.4

 

22.3

 

81.0

 

 

25.0

Automotive

17.6

 

17.0

 

19.1

 

16.0

 

69.7

 

 

15.5

Energy

6.7

 

8.5

 

10.8

 

9.6

 

35.6

 

 

9.8

Consumer Electronics

13.2

 

12.9

 

11.2

 

12.3

 

49.6

 

 

10.5

Telecom and Data Center

12.5

 

14.9

 

14.9

 

14.5

 

56.8

 

 

15.0

Other

7.3

 

5.7

 

5.2

 

10.7

 

29.0

 

 

7.9

Total

$

100.3

 

 

$

110.1

 

 

$

104.9

 

 

$

110.1

 

 

$

425.5

 

 

$

109.6

 

Advanced Materials

 

 

 

 

 

 

 

 

 

 

 

Semiconductor

$

35.4

 

 

$

37.3

 

 

$

32.8

 

 

$

32.3

 

 

$

137.8

 

 

$

35.4

 

Industrial

4.7

 

4.8

 

5.5

 

5.0

 

20.0

 

 

5.5

Aerospace and Defense

0.6

 

0.4

 

0.5

 

0.6

 

2.1

 

 

0.7

Automotive

1.6

 

1.8

 

1.7

 

2.0

 

7.1

 

 

1.4

Energy

10.1

 

7.4

 

8.8

 

7.1

 

33.4

 

 

8.5

Consumer Electronics

0.1

 

0.1

 

0.1

 

0.1

 

0.4

 

 

0.1

Telecom and Data Center

0.1

 

0.1

 

0.2

 

0.1

 

0.5

 

 

0.1

Other

5.7

 

5.4

 

5.7

 

5.6

 

22.4

 

 

5.8

Total

$

58.3

 

 

$

57.3

 

 

$

55.3

 

 

$

52.8

 

 

$

223.7

 

 

$

57.5

 

Precision Coatings

 

 

 

 

 

 

 

 

 

 

 

Semiconductor

$

0.5

 

 

$

0.4

 

 

$

0.3

 

 

$

0.2

 

 

$

1.4

 

 

$

0.1

 

Industrial

2.7

 

3.2

 

3.3

 

3.5

 

12.7

 

 

4.1

Aerospace and Defense

4.7

 

 

5.0

 

 

5.2

 

 

5.2

 

 

20.1

 

 

4.9

 

Automotive

0.2

 

 

0.5

 

 

0.4

 

 

0.3

 

 

1.4

 

 

0.2

 

Energy

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

Consumer Electronics

4.3

 

 

5.0

 

 

4.7

 

 

4.8

 

 

18.8

 

 

3.5

 

Telecom and Data Center

—

 

 

—

 

 

—

 

 

—

 

 

—

 

 

—

 

Other

11.2

 

9.3

 

9.1

 

10.2

 

39.8

 

 

9.7

Total

$

23.6

 

 

$

23.4

 

 

$

23.0

 

 

$

24.2

 

 

$

94.2

 

 

$

22.5

 

 

 

 

 

 

 

 

 

 

 

 

 

Eliminations

$

(0.9

)

 

$

(0.9

)

 

$

(1.3

)

 

$

(1.3

)

 

$

(4.4

)

 

$

(1.9

)

 

Contacts

Investor Contact:

Stephen F. Shamrock

(216) 383-4010

[email protected]

Media Contact:

John G. McCloskey

(216) 218-8305

[email protected]

Mayfield Hts-g

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