Materion Q1 sales, adjusted EPS top estimates on precision optics unit strength

Materion

29/04/2026 11:56

Overview

US advanced materials supplier's Q1 sales and adjusted EPS beat analyst expectations

Adjusted EBITDA for Q1 slightly missed consensus

Company exited quarter with record backlog, driven by strong demand in Electronic Materials and Precision Optics

Outlook

Materion expects full-year top-line growth in the low double-digit range

Company reaffirms full-year adjusted EPS guidance of $6.00 to $6.50

Company cites record backlog and strong order momentum supporting outlook

Result Drivers

ELECTRONIC MATERIALS GROWTH - Electronic Materials segment delivered 18% value-added sales growth and record adjusted EBITDA and margin

PRECISION OPTICS IMPROVEMENT - Precision Optics posted its strongest top line since 2021 and fifth consecutive quarter of bottom-line improvement

LOWER PRECISION CLAD STRIP SHIPMENTS - Value-added sales growth was partially offset by lower precision clad strip shipments

Company press release: ID:nBw9cW5NXa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Beat
$549.8 mln
$479.14 mln (5 Analysts)
Q1 Adjusted EPS
Beat
$1.27
$1.17 (5 Analysts)
Q1 EPS
$0.92
Q1 Net Income
$19.4 mln
Q1 Adjusted EBITDA
Slight Miss*
$52.9 mln
$53.36 mln (5 Analysts)
Q1 Operating Profit
$28.2 mln


*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the diversified mining peer group is "buy"

Wall Street's median 12-month price target for Materion Corp is $180.00, about 1.5% below its April 28 closing price of $177.28

The stock recently traded at 27 times the next 12-month earnings vs. a P/E of 20 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)