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Investing.com - Materion Corporation (NYSE:MTRN) shares fell 4.2% on Wednesday after reporting third-quarter 2025 financial results that met analyst expectations but failed to excite investors despite operational improvements in key segments.
The advanced materials company reported adjusted earnings of $1.41 per share, just one cent above the analyst consensus of $1.40, on revenue of $444.8 million, slightly ahead of the $442.62 million estimate. Revenue increased 1.9% compared to $436.7 million in the same quarter last year.
The company’s Electronic Materials segment delivered record EBITDA margins of 27.1%, up 700 basis points YoY, while Precision Optics saw significant improvement with approximately 1000 basis points of margin expansion YoY. However, these gains were offset by equipment downtime at a Performance Materials facility that impacted sales output.
"I am incredibly proud of our team’s performance in the third quarter, with both Electronic Materials and Precision Optics achieving significant milestones," said Jugal Vijayvargiya, President & CEO of Materion. "The record margin performance in Electronic Materials underscores the substantial improvements we’ve made in that business."
Materion affirmed its full-year 2025 outlook of $5.30 to $5.70 adjusted earnings per share. The company also announced a new $50 million stock repurchase program, replacing its existing program.
Value-added sales, which exclude pass-through metal costs, were $263.9 million for the quarter, up 1% organically from the prior year. Adjusted EBITDA was $55.5 million, or 21.0% of value-added sales, compared to $56.7 million or 21.5% of value-added sales in the prior year period.
The company reported order rates up double-digit sequentially with increases across all three businesses, driven by organic initiatives and strong macroeconomic trends, particularly in semiconductor, energy, space and defense markets.
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