Intrinsic value of Materion - MTRN

Previous Close

$55.80

  Intrinsic Value

$4.93

stock screener

  Rating & Target

str. sell

-91%

Previous close

$55.80

 
Intrinsic value

$4.93

 
Up/down potential

-91%

 
Rating

str. sell

We calculate the intrinsic value of MTRN stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 2017), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 1.1

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046
   2047

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  17.60
  16.34
  15.21
  14.19
  13.27
  12.44
  11.70
  11.03
  10.42
  9.88
  9.39
  8.95
  8.56
  8.20
  7.88
  7.59
  7.33
  7.10
  6.89
  6.70
  6.53
  6.38
  6.24
  6.12
  6.01
  5.90
  5.81
  5.73
  5.66
  5.59
Revenue, $m
  1,339
  1,558
  1,795
  2,050
  2,322
  2,611
  2,916
  3,238
  3,575
  3,928
  4,297
  4,682
  5,083
  5,500
  5,933
  6,384
  6,852
  7,339
  7,845
  8,370
  8,917
  9,486
  10,078
  10,694
  11,337
  12,006
  12,704
  13,432
  14,193
  14,986
Variable operating expenses, $m
  1,256
  1,460
  1,680
  1,917
  2,170
  2,438
  2,722
  3,022
  3,335
  3,664
  3,997
  4,355
  4,728
  5,116
  5,519
  5,938
  6,374
  6,826
  7,297
  7,786
  8,294
  8,823
  9,374
  9,947
  10,545
  11,167
  11,816
  12,494
  13,201
  13,939
Fixed operating expenses, $m
  18
  19
  19
  20
  20
  21
  21
  21
  22
  22
  23
  23
  24
  24
  25
  25
  26
  27
  27
  28
  28
  29
  30
  30
  31
  32
  32
  33
  34
  35
Total operating expenses, $m
  1,274
  1,479
  1,699
  1,937
  2,190
  2,459
  2,743
  3,043
  3,357
  3,686
  4,020
  4,378
  4,752
  5,140
  5,544
  5,963
  6,400
  6,853
  7,324
  7,814
  8,322
  8,852
  9,404
  9,977
  10,576
  11,199
  11,848
  12,527
  13,235
  13,974
Operating income, $m
  65
  80
  96
  113
  132
  152
  173
  195
  218
  242
  277
  304
  331
  360
  390
  421
  453
  486
  521
  557
  595
  634
  674
  717
  761
  807
  855
  905
  958
  1,012
EBITDA, $m
  117
  138
  162
  187
  214
  243
  273
  305
  339
  374
  411
  449
  489
  530
  574
  618
  665
  714
  764
  816
  871
  928
  987
  1,048
  1,112
  1,179
  1,249
  1,322
  1,398
  1,477
Interest expense (income), $m
  2
  2
  30
  62
  96
  132
  171
  212
  256
  302
  350
  400
  453
  508
  565
  625
  687
  751
  818
  887
  960
  1,035
  1,113
  1,194
  1,279
  1,367
  1,459
  1,554
  1,654
  1,758
  1,867
Earnings before tax, $m
  63
  50
  34
  18
  0
  -19
  -39
  -61
  -84
  -108
  -123
  -149
  -177
  -205
  -235
  -266
  -298
  -332
  -367
  -403
  -440
  -479
  -520
  -562
  -606
  -651
  -699
  -749
  -800
  -854
Tax expense, $m
  17
  13
  9
  5
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Net income, $m
  46
  36
  25
  13
  0
  -19
  -39
  -61
  -84
  -108
  -123
  -149
  -177
  -205
  -235
  -266
  -298
  -332
  -367
  -403
  -440
  -479
  -520
  -562
  -606
  -651
  -699
  -749
  -800
  -854

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  930
  1,082
  1,247
  1,424
  1,612
  1,813
  2,025
  2,248
  2,483
  2,728
  2,984
  3,252
  3,530
  3,819
  4,120
  4,433
  4,759
  5,097
  5,448
  5,813
  6,193
  6,588
  6,999
  7,427
  7,873
  8,338
  8,822
  9,328
  9,856
  10,407
Adjusted assets (=assets-cash), $m
  930
  1,082
  1,247
  1,424
  1,612
  1,813
  2,025
  2,248
  2,483
  2,728
  2,984
  3,252
  3,530
  3,819
  4,120
  4,433
  4,759
  5,097
  5,448
  5,813
  6,193
  6,588
  6,999
  7,427
  7,873
  8,338
  8,822
  9,328
  9,856
  10,407
Revenue / Adjusted assets
  1.440
  1.440
  1.439
  1.440
  1.440
  1.440
  1.440
  1.440
  1.440
  1.440
  1.440
  1.440
  1.440
  1.440
  1.440
  1.440
  1.440
  1.440
  1.440
  1.440
  1.440
  1.440
  1.440
  1.440
  1.440
  1.440
  1.440
  1.440
  1.440
  1.440
Average production assets, $m
  415
  483
  557
  635
  720
  809
  904
  1,004
  1,108
  1,218
  1,332
  1,452
  1,576
  1,705
  1,839
  1,979
  2,124
  2,275
  2,432
  2,595
  2,764
  2,941
  3,124
  3,315
  3,514
  3,722
  3,938
  4,164
  4,400
  4,646
Working capital, $m
  201
  234
  269
  307
  348
  392
  437
  486
  536
  589
  645
  702
  762
  825
  890
  958
  1,028
  1,101
  1,177
  1,256
  1,338
  1,423
  1,512
  1,604
  1,701
  1,801
  1,906
  2,015
  2,129
  2,248
Total debt, $m
  55
  112
  174
  240
  311
  386
  465
  548
  636
  728
  824
  924
  1,028
  1,136
  1,249
  1,366
  1,487
  1,614
  1,745
  1,882
  2,024
  2,171
  2,325
  2,485
  2,652
  2,826
  3,007
  3,196
  3,394
  3,600
Total liabilities, $m
  348
  405
  466
  532
  603
  678
  757
  841
  929
  1,020
  1,116
  1,216
  1,320
  1,428
  1,541
  1,658
  1,780
  1,906
  2,037
  2,174
  2,316
  2,464
  2,617
  2,778
  2,944
  3,118
  3,300
  3,489
  3,686
  3,892
Total equity, $m
  582
  677
  780
  891
  1,009
  1,135
  1,268
  1,407
  1,554
  1,708
  1,868
  2,035
  2,210
  2,391
  2,579
  2,775
  2,979
  3,190
  3,410
  3,639
  3,877
  4,124
  4,381
  4,649
  4,928
  5,219
  5,523
  5,839
  6,170
  6,515
Total liabilities and equity, $m
  930
  1,082
  1,246
  1,423
  1,612
  1,813
  2,025
  2,248
  2,483
  2,728
  2,984
  3,251
  3,530
  3,819
  4,120
  4,433
  4,759
  5,096
  5,447
  5,813
  6,193
  6,588
  6,998
  7,427
  7,872
  8,337
  8,823
  9,328
  9,856
  10,407
Debt-to-equity ratio
  0.100
  0.170
  0.220
  0.270
  0.310
  0.340
  0.370
  0.390
  0.410
  0.430
  0.440
  0.450
  0.470
  0.480
  0.480
  0.490
  0.500
  0.510
  0.510
  0.520
  0.520
  0.530
  0.530
  0.530
  0.540
  0.540
  0.540
  0.550
  0.550
  0.550
Adjusted equity ratio
  0.626
  0.626
  0.626
  0.626
  0.626
  0.626
  0.626
  0.626
  0.626
  0.626
  0.626
  0.626
  0.626
  0.626
  0.626
  0.626
  0.626
  0.626
  0.626
  0.626
  0.626
  0.626
  0.626
  0.626
  0.626
  0.626
  0.626
  0.626
  0.626
  0.626

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  46
  36
  25
  13
  0
  -19
  -39
  -61
  -84
  -108
  -123
  -149
  -177
  -205
  -235
  -266
  -298
  -332
  -367
  -403
  -440
  -479
  -520
  -562
  -606
  -651
  -699
  -749
  -800
  -854
Depreciation, amort., depletion, $m
  52
  58
  66
  74
  82
  91
  101
  110
  121
  132
  133
  145
  158
  170
  184
  198
  212
  228
  243
  259
  276
  294
  312
  332
  351
  372
  394
  416
  440
  465
Funds from operations, $m
  98
  95
  91
  87
  82
  72
  61
  49
  37
  24
  10
  -4
  -19
  -35
  -51
  -68
  -86
  -104
  -123
  -143
  -164
  -185
  -207
  -230
  -254
  -279
  -305
  -332
  -360
  -389
Change in working capital, $m
  30
  33
  36
  38
  41
  43
  46
  48
  51
  53
  55
  58
  60
  63
  65
  68
  70
  73
  76
  79
  82
  85
  89
  92
  96
  100
  105
  109
  114
  119
Cash from operations, $m
  68
  62
  55
  49
  41
  29
  15
  1
  -14
  -29
  -45
  -62
  -79
  -97
  -116
  -136
  -156
  -177
  -199
  -222
  -246
  -270
  -296
  -323
  -351
  -380
  -410
  -441
  -474
  -509
Maintenance CAPEX, $m
  -35
  -42
  -48
  -56
  -64
  -72
  -81
  -90
  -100
  -111
  -122
  -133
  -145
  -158
  -170
  -184
  -198
  -212
  -228
  -243
  -259
  -276
  -294
  -312
  -332
  -351
  -372
  -394
  -416
  -440
New CAPEX, $m
  -62
  -68
  -73
  -79
  -84
  -90
  -95
  -100
  -105
  -110
  -114
  -119
  -124
  -129
  -134
  -140
  -145
  -151
  -157
  -163
  -169
  -176
  -184
  -191
  -199
  -208
  -216
  -226
  -236
  -246
Cash from investing activities, $m
  -97
  -110
  -121
  -135
  -148
  -162
  -176
  -190
  -205
  -221
  -236
  -252
  -269
  -287
  -304
  -324
  -343
  -363
  -385
  -406
  -428
  -452
  -478
  -503
  -531
  -559
  -588
  -620
  -652
  -686
Free cash flow, $m
  -30
  -48
  -66
  -86
  -107
  -133
  -160
  -189
  -219
  -249
  -281
  -314
  -349
  -384
  -421
  -459
  -499
  -541
  -584
  -628
  -675
  -723
  -774
  -826
  -881
  -939
  -998
  -1,061
  -1,126
  -1,195
Issuance/(repayment) of debt, $m
  52
  57
  62
  66
  71
  75
  79
  84
  88
  92
  96
  100
  104
  108
  113
  117
  122
  126
  131
  137
  142
  148
  154
  160
  167
  174
  181
  189
  197
  206
Issuance/(repurchase) of shares, $m
  41
  59
  78
  98
  118
  145
  172
  201
  231
  261
  283
  317
  351
  387
  424
  462
  502
  543
  586
  631
  678
  726
  777
  830
  885
  942
  1,002
  1,065
  1,131
  1,199
Cash from financing (excl. dividends), $m  
  93
  116
  140
  164
  189
  220
  251
  285
  319
  353
  379
  417
  455
  495
  537
  579
  624
  669
  717
  768
  820
  874
  931
  990
  1,052
  1,116
  1,183
  1,254
  1,328
  1,405
Total cash flow (excl. dividends), $m
  63
  68
  73
  78
  82
  87
  91
  95
  100
  104
  98
  102
  106
  111
  115
  120
  124
  129
  134
  140
  145
  151
  157
  164
  170
  178
  185
  193
  202
  211
Retained Cash Flow (-), $m
  -87
  -95
  -103
  -111
  -118
  -145
  -172
  -201
  -231
  -261
  -283
  -317
  -351
  -387
  -424
  -462
  -502
  -543
  -586
  -631
  -678
  -726
  -777
  -830
  -885
  -942
  -1,002
  -1,065
  -1,131
  -1,199
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  5
  5
  6
  7
  8
  9
  10
  12
  13
  14
  16
  17
  19
  20
  22
  24
  26
  27
  29
  31
  33
  36
  38
  40
  43
  45
  48
  51
  54
  57
Cash available for distribution, $m
  -24
  -27
  -30
  -33
  -36
  -58
  -81
  -105
  -131
  -158
  -185
  -214
  -245
  -276
  -309
  -342
  -378
  -414
  -452
  -492
  -533
  -576
  -620
  -666
  -714
  -765
  -817
  -872
  -929
  -988
Discount rate, %
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
  -23
  -25
  -26
  -27
  -28
  -42
  -55
  -66
  -75
  -83
  -88
  -91
  -93
  -93
  -91
  -87
  -82
  -76
  -70
  -62
  -55
  -48
  -41
  -34
  -28
  -22
  -18
  -13
  -10
  -7
Current shareholders' claim on cash, %
  96.4
  92.3
  87.8
  83.2
  78.6
  73.9
  69.2
  64.7
  60.3
  56.1
  52.3
  48.6
  45.2
  41.9
  38.9
  36.0
  33.3
  30.8
  28.5
  26.3
  24.3
  22.5
  20.7
  19.1
  17.6
  16.3
  15.0
  13.8
  12.7
  11.7

Materion Corporation, through its subsidiaries, is an integrated producer of engineered materials used in a range of electrical, electronic, thermal, and structural applications. The Company operates in four segments: Performance Alloys and Composites, Advanced Materials, Precision Coatings, and Other. The Performance Alloys and Composites segment consists of businesses, such as Performance Metals and Technical Materials. The Advanced Materials segment produces chemicals, microelectronics packaging, precious metal, non-precious metal and specialty metal products. The Precision Coatings segment includes units, such as Precision Optics and Large Area Coatings. Its products include inorganic chemicals and powders, specialty coatings, specialty engineered beryllium and copper-based alloys, beryllium composites, ceramics and engineered clad, and plated metal systems.

FINANCIAL RATIOS  of  Materion (MTRN)

Valuation Ratios
P/E Ratio 42.8
Price to Sales 1.1
Price to Book 2.3
Price to Tangible Book
Price to Cash Flow 16.6
Price to Free Cash Flow 27.8
Growth Rates
Sales Growth Rate -5.5%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -10%
Cap. Spend. - 3 Yr. Gr. Rate -0.7%
Financial Strength
Quick Ratio 31
Current Ratio 0
LT Debt to Equity 0.6%
Total Debt to Equity 0.8%
Interest Coverage 14
Management Effectiveness
Return On Assets 3.8%
Ret/ On Assets - 3 Yr. Avg. 4.6%
Return On Total Capital 5.2%
Ret/ On T. Cap. - 3 Yr. Avg. 6.7%
Return On Equity 5.3%
Return On Equity - 3 Yr. Avg. 7.1%
Asset Turnover 1.3
Profitability Ratios
Gross Margin 18.9%
Gross Margin - 3 Yr. Avg. 18.6%
EBITDA Margin 7.5%
EBITDA Margin - 3 Yr. Avg. 8.2%
Operating Margin 2.8%
Oper. Margin - 3 Yr. Avg. 4.1%
Pre-Tax Margin 2.6%
Pre-Tax Margin - 3 Yr. Avg. 3.9%
Net Profit Margin 2.7%
Net Profit Margin - 3 Yr. Avg. 3.2%
Effective Tax Rate -4%
Eff/ Tax Rate - 3 Yr. Avg. 15.1%
Payout Ratio 30.8%

MTRN stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the MTRN stock intrinsic value calculation we used $1139 million for the last fiscal year's total revenue generated by Materion. The default revenue input number comes from 2017 income statement of Materion. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our MTRN stock valuation model: a) initial revenue growth rate of 17.6% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for MTRN is calculated based on our internal credit rating of Materion, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Materion.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of MTRN stock the variable cost ratio is equal to 93.9%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $18 million in the base year in the intrinsic value calculation for MTRN stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 55% for Materion.

Corporate tax rate of 27% is the nominal tax rate for Materion. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the MTRN stock is equal to 0.4%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for MTRN are equal to 31%.

Life of production assets of 10 years is the average useful life of capital assets used in Materion operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for MTRN is equal to 15%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $495 million for Materion - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 20 million for Materion is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Materion at the current share price and the inputted number of shares is $1.1 billion.

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COMPANY NEWS

▶ Materion Corporation Conference Call Scheduled   [Jul-12-18 08:26AM  Business Wire]
▶ Materion Receives AS9100D Certification   [Jul-09-18 10:38AM  Business Wire]
▶ Materion Corporation Increases Quarterly Cash Dividend   [May-02-18 04:15PM  Business Wire]
▶ Materion: 1Q Earnings Snapshot   [Apr-26-18 09:46AM  Associated Press]
▶ Materion Recognized for Supplier Excellence   [Apr-18-18 10:18AM  Business Wire]
▶ Materion Corporation Conference Call Scheduled   [Apr-12-18 09:13AM  Business Wire]
▶ 10 Small Caps Punching Above Their Weight   [Mar-23-18 02:57PM  InvestorPlace]
▶ Materion reports 4Q loss   [08:20AM  Associated Press]
▶ Materion Corporation Conference Call Scheduled   [Jan-31-18 09:07AM  Business Wire]
▶ ETFs with exposure to Materion Corp. : December 7, 2017   [Dec-07-17 02:22PM  Capital Cube]
▶ Materions SupremEX® Receives Second SAE-AMS Specification   [Nov-16-17 09:35AM  Business Wire]
▶ ETFs with exposure to Materion Corp. : November 9, 2017   [Nov-09-17 12:57PM  Capital Cube]
▶ Is It Time To Buy Materion Corporation (MTRN)?   [Nov-03-17 10:49AM  Simply Wall St.]
▶ Materion tops Street 3Q forecasts   [08:11AM  Associated Press]
▶ Materion Corporation Conference Call Scheduled   [Oct-13-17 09:00AM  Business Wire]
▶ ETFs with exposure to Materion Corp. : August 11, 2017   [Aug-11-17 06:02PM  Capital Cube]
▶ Materion Corporation Declares Third Quarter Dividend   [Aug-02-17 03:17PM  Business Wire]
▶ Materion beats 2Q profit forecasts   [12:13AM  Associated Press]
▶ Materion Corporation Conference Call Scheduled   [Jul-14-17 09:07AM  Business Wire]
▶ ETFs with exposure to Materion Corp. : May 5, 2017   [May-05-17 04:21PM  Capital Cube]
▶ Materion Corporation Increases Quarterly Cash Dividend   [May-03-17 11:36AM  Business Wire]
▶ Materion beats 1Q profit forecasts   [Apr-28-17 08:08AM  Associated Press]
▶ Materion Corporation Conference Call Scheduled   [Apr-17-17 11:36AM  Business Wire]
▶ Materion misses Street 4Q forecasts   [07:58AM  Associated Press]
▶ Materion Corporation Conference Call Scheduled   [Feb-03-17 08:40AM  Business Wire]
▶ Materion ProIRTM Filters Allow Rapid R&D Prototyping   [Jan-30-17 01:00PM  Business Wire]
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