Last €25.35 EUR
Change Today +0.278 / 1.11%
Volume 0.0
BEM On Other Exchanges
Symbol
Exchange
New York
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As of 2:16 AM 04/16/14 All times are local (Market data is delayed by at least 15 minutes).

materion corp (BEM) Snapshot

Open
€24.98
Previous Close
€25.07
Day High
€25.35
Day Low
€24.98
52 Week High
04/3/14 - €25.55
52 Week Low
12/13/13 - €18.00
Market Cap
530.1M
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
20.9M
EX-Date
02/18/14
P/E TM
--
Dividend
€0.32
Dividend Yield
0.95%
Current Stock Chart for MATERION CORP (BEM)

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materion corp (BEM) Details

Materion Corporation, through its subsidiaries, produces and sells engineered materials for use in electrical, electronic, thermal, and structural applications primarily in the United States, Europe, and Asia. The company operates in four segments: Advanced Material Technologies, Performance Alloys, Beryllium and Composites, and Technical Materials. The Advanced Material Technologies segment offers precious, non-precious, and specialty metal products, including vapor deposition targets, frame lid assemblies, clad and precious metal preforms, high temperature braze materials, ultra-fine wire, advanced chemicals, optics, performance coatings, and microelectronic packages used in wireless, semiconductor, photonic, hybrid, and other microelectronic applications in the consumer electronics and telecommunications infrastructure markets, as well as in medical, defense and science, energy, industrial components, and automotive electronics. The Performance Alloys segment provides strip products, such as thin gauge precision strip and thin diameter rod and wire; bulk products, including copper and nickel-based alloys manufactured in plate, rod, bar, tube, and other customized forms; and beryllium hydroxide used for strip and bulk products. The Beryllium and Composites segment offers beryllium-based metals, and beryllium and aluminum metal matrix composites in rod, sheet, foil, and customized forms; and beryllia alumina ceramic products. The Technical Materials segment provides clad inlay and overlay metals, precious and base metal electroplated systems, electron beam welded systems, contour profiled systems, and solder-coated metal systems. The company distributes its products through a combination of company-owned facilities, and independent distributors and agents. The company was formerly known as Brush Engineered Materials Inc. and changed its name to Materion Corporation in 2011. Materion Corporation was founded in 1931 and is headquartered in Mayfield Heights, Ohio.

2,671 Employees
Last Reported Date: 03/14/14
Founded in 1931

materion corp (BEM) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $802.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $449.2K
Vice President and General Counsel
Total Annual Compensation: $359.4K
Compensation as of Fiscal Year 2013.

materion corp (BEM) Key Developments

Materion Corporation Proposes Amendments to the Amended and Restated Articles of Incorporation

Materion Corporation at its Annual Meeting of Shareholders to be held on May 7, 2014, proposed amendments to the amended and restated Articles of Incorporation and amended and restated code of regulations to declassify the Board of Directors and proposed amendments to the amended and restated Articles of Incorporation and amended and restated code of regulations to eliminate cumulative voting in the election of Directors.

Materion Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended Dec. 31, 2013; Provides Earnings Guidance for the First Quarter and Full-Year of 2014

Materion reported unaudited consolidated earnings results for the fourth quarter and full year ended Dec. 31, 2013. The company reported fourth quarter adjusted earnings were $0.34 per share. Sales were $286.1 million compared to sales of $303.8 million for fourth quarter 2012 and higher than the $271 million analysts expected. Value-added sales were $157.2 million, up approximately 4% compared to value-added sales of $151.3 million for the fourth quarter of 2012. Net income for the fourth quarter was $3.8 million, or $0.18 per share, diluted. This compares to net income of $2.5 million, or $0.12 per share, diluted, for the fourth quarter of the prior year. Operating profit was $5,420,000, compared to $1,058,000 for the last year. Income before income taxes was $4,740,000, compared to $221,000 for the last year. Non-GAAP operating profit was $10,352,000, compared to $1,058,000 for the last year. Non-GAAP net income was $7,129,000 or $0.34 per diluted share, compared to $2,503,000 or $0.12 per diluted share for the last year. Sales for the full-year 2013 were $1.2 billion compared to sales of $1.3 billion for 2012. Value-added sales for 2013 were $609.1 million compared to $615.6 million for 2012, a decrease of 1%. Net income for the full year was $19.7 million or $0.94 per share, diluted, compared to net income of $24.7 million or $1.19 per share for 2012. Excluding the fourth quarter facility and product line rationalization costs, net income for the full year was $23.1 million, or $1.10 per share. Operating profit was $26,831,000, compared to $36,776,000 for the last year. Income before income taxes was $23,795,000, compared to $33,642,000 for the last year. Non-GAAP operating profit was $31,763,000, compared to $36,776,000 for the last year. Non-GAAP net income was $23,061,000 or $1.10 per diluted share, compared to $24,664,000 or $1.19 per diluted share for the last year. Net cash provided from operating activities was $75,922,000, compared to $38,620,000 for the last year. Payment for purchase of property, plant and equipment was $27,848,000, compared to $34,088,000 for the last year. Payment for mine development was $4,776,000, compared to $10,573,000 for the last year. The company said earnings for first quarter 2014 will be negatively impacted by approximately $0.10 per share due to weather-related facility shutdowns and production curtailments. Earnings for the full-year 2014 are expected to be well above 2013 and in the range of $1.75 to $1.95 per share, consistent with previous guidance. EBITDA in 2014 would be in the range of $95 million to $105 million. The company expects depreciation and amortization to be in the range of $40 million to $45 million, and capital spending is expected to continue to be well below depreciation, in the range of $30 million to $35 million. Tax rate is of approximately 30%, to the time that the company expects free cash flow to be in the range of $50 million for the year.

Materion Corporation, Q4 2013 Earnings Call, Feb 27, 2014

Materion Corporation, Q4 2013 Earnings Call, Feb 27, 2014

 

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Industry Analysis

BEM

Industry Average

Valuation BEM Industry Range
Price/Earnings 36.8x
Price/Sales 0.6x
Price/Book 1.6x
Price/Cash Flow 36.9x
TEV/Sales 0.5x
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