Materion Reports Record Q2, Raises Full-Year Outlook — Adjusted EPS Up 30% at Midpoint

summarizeSummary

Materion posted record Q2 2026 results across the board — value-added sales, adjusted EBITDA, and adjusted EPS all at all-time highs — and raised full-year adjusted EPS guidance to $6.80–$7.20, up 30% at the midpoint.

check_boxKey Events · Earnings and Guidance · MTRN

• Record Q2 Results Across the Board

  Value-added sales of $308.2M (up 15% YoY), adjusted EBITDA of $71.8M (23.3% margin, +250 bps), and adjusted EPS of $1.90 vs $1.37 prior year — all quarterly records.

• Full-Year Guidance Raised 30% at Midpoint

  Adjusted EPS outlook increased to $6.80–$7.20, implying ~30% growth over 2025, driven by record backlog and strong order momentum.

• Record Backlog Up ~30% YoY

  Backlog grew ~30% year-over-year and ~20% since the start of 2026, supporting the raised outlook and signaling sustained demand across end markets.

• Strong Free Cash Flow Generation

  Q2 free cash flow of $59M with ~150% cash conversion; six-month free cash flow of $39M, providing ample liquidity for growth investments.

auto_awesomeAnalysis · MTRN · Manufacturing

Materion delivered its strongest quarter ever, with value-added sales jumping 15% to $308.2 million and adjusted EBITDA hitting a record $71.8 million — a 23.3% margin that expands 250 basis points year-over-year. Every segment grew double digits, and the company exited the quarter with a backlog up ~30% from a year ago. Management raised full-year adjusted EPS guidance to $6.80–$7.20, implying 30% growth at the midpoint. Free cash flow surged to $59 million in the quarter, converting at ~150% of net income. This is a clear acceleration across the business, driven by aerospace & defense, semiconductor, and energy end markets, and the raised outlook signals confidence that the momentum continues.