Materion Corporation
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.79B | $1.68B | $1.67B | $1.76B | $1.51B | $1.18B | $1.19B | $1.21B |
| Cost of Revenue | $1.48B | $1.36B | $1.32B | $1.41B | $1.23B | $983.6M | $922.7M | $956.5M |
| Gross Profit | $308.6M | $326.0M | $349.0M | $343.9M | $283.8M | $192.6M | $262.7M | $251.4M |
| Gross Margin | 17.3% | 19.3% | 21.0% | 19.6% | 18.8% | 16.4% | 22.2% | 20.8% |
| Operating Expenses | ||||||||
| Research & Development | $25.9M | $29.0M | $27.5M | $29.0M | $26.6M | $20.3M | $18.3M | $15.2M |
| SG&A Expense | $143.1M | $145.6M | $157.9M | $169.3M | $163.8M | $134.0M | $147.2M | $153.5M |
| Operating Income | $109.8M | $47.2M | $136.4M | $119.8M | $77.1M | $8.2M | $70.5M | $61.8M |
| Operating Margin | 6.1% | 2.8% | 8.2% | 6.8% | 5.1% | 0.7% | 6.0% | 5.1% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $81.5M | $14.9M | $107.8M | $103.1M | $77.3M | $8.3M | $65.5M | $16.6M |
| Income Tax Expense | $6.7M | $9.0M | $12.1M | $17.1M | $4.9M | $-7.2M | $12.1M | $-4.4M |
| Net Income | $74.8M | $5.9M | $95.7M | $86.0M | $72.5M | $15.5M | $53.4M | $21.0M |
| Net Margin | 4.2% | 0.3% | 5.7% | 4.9% | 4.8% | 1.3% | 4.5% | 1.7% |
| EPS (Basic) | $3.61 | $0.28 | $4.64 | $4.19 | $3.55 | $0.76 | $2.62 | $1.04 |
| EPS (Diluted) | $3.58 | $0.28 | $4.58 | $4.14 | $3.50 | $0.75 | $2.59 | $1.02 |
| Shares Outstanding (Basic) | 20.8M | 20.7M | 20.6M | 20.5M | 20.4M | 20.3M | 20.4M | 20.2M |
| Shares Outstanding (Diluted) | 20.9M | 20.9M | 20.9M | 20.8M | 20.7M | 20.6M | 20.7M | 20.6M |
| Dividends Per Share | $0.56 | $0.54 | $0.52 | $0.50 | $0.48 | $0.46 | $0.44 | $0.42 |