Quarterly ResultAug 5, 2026, 06:52 AM
Materion Reports Record Q2 2026 Results; Raises Full-Year Outlook
AI Summary
Materion Corporation reported record second-quarter 2026 financial results, with net sales increasing to $613.9 million from $431.7 million year-over-year. Net income rose to $38.8 million, or $1.84 per diluted share, compared to $25.1 million, or $1.21 per share, in the prior year. The company achieved a record adjusted EBITDA of $71.8 million, representing 23.3% of value-added sales, and generated $59 million in free cash flow. Following these strong results and record backlog, Materion raised its full-year adjusted earnings per share outlook to $6.80 – $7.20, a 30% increase at the midpoint compared to 2025.
Key Highlights
- Net sales increased to $613.9 million in Q2 2026 from $431.7 million in Q2 2025.
- Net income rose to $38.8 million ($1.84 diluted EPS) from $25.1 million ($1.21 diluted EPS) YoY.
- Adjusted EPS grew to $1.90 in Q2 2026 from $1.37 in the prior year period.
- Adjusted EBITDA reached a record $71.8 million, or 23.3% of value-added sales.
- Free cash flow generation was strong at $59 million with approximately 150% cash conversion.
- Full-year adjusted EPS outlook raised to $6.80-$7.20, up 30% at the midpoint versus 2025.
- Company exited the quarter with record backlog, up approximately 30% year-over-year.
- Awarded ~$15 million in new business to supply advanced materials for a commercial space customer.
Price Impact
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