Earnings Releases·Nov 4, 2026, 6:48 AM ET

Materion Corporation — Third Quarter 2026 Earnings Summary

Net sales rose to $567.3 million from $444.8 million year-over-year, while net income increased to $38.3 million ($1.81 per share) from $25.4 million ($1.22 per share), with adjusted EBITDA reaching a record $70.7 million.
Full-year adjusted earnings per share guidance was raised to $7.10–$7.40, a 33% increase at the midpoint, supported by record backlog up 35% year-over-year and incoming orders up 25%.
All business segments delivered double-digit sales and earnings growth, driven by aerospace & defense and telecom & data center markets, with the company recording its highest quarterly semiconductor sales in history.
The company reduced long-term debt to $377.4 million from $436.3 million and generated approximately $46 million in free cash flow with a 120% conversion rate relative to net income.
Management forecasts a "very strong" fourth quarter and expects a meaningful sales step-up, while targeting a mid-term adjusted EBITDA margin of 23%.