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Materion Corporation  (NYSE: MTRN)
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Description of Materion's Business Segments


Materion Corporation is a leading global provider of advanced materials in various fields, particularly known for its materials science expertise. The company operates through multiple segments, primarily focusing on Performance Alloys and Composites, Advanced Materials, and Precision Coatings. Below, we will explore the extensive offerings within the Performance Alloys and Composites segment in detail, outlining the products, services, and applications associated with this segment.

Performance Alloys and Composites Segment

1. Performance Metals
Performance Metals is a significant player within Materions portfolio, specializing in various alloy products. The operations within this subsection include:

- Product Offerings:
- Beryllium-based Metals: This includes both strip and bulk forms of beryllium, known for their unique properties in strength and lightness, making them ideal for high-performance applications.
- Metal Matrix Composites (MMCs): Products such as beryllium and aluminum MMCs combine metals to enhance performance characteristics, especially in high-stress environments.
- Beryllia Ceramics and Bulk Metallic Glass Materials: These materials are utilized in applications requiring exceptional thermal and electrical performance.

- Manufacturing Locations: Materion produces these materials in several locations, including the United States, Europe, and Asia. Their facilities are key to ensuring the timely supply of quality products to global markets.

- Bertrandite Ore Mining & Processing: Materion operates the worlds largest bertrandite ore mine and refinery in Utah, which provides a critical feedstock for beryllium-based products and supports external sales of beryllium hydroxide.

- Product Formats: Performance Metals offers products in various forms including rod, sheet, foil, and customized shapes, importantly catering to clients specifications.

- Applications: The applications for these products encompass a wide range of industries, including:
- Oil and Gas Drilling: Used in components designed to withstand extreme conditions.
- Telecommunications: Essential for undersea housing equipment and related infrastructure.
- Aerospace and Defense: Perfect for creating components that require a high strength-to-weight ratio.

Technical Materials
Another integral part of the Performance Alloys and Composites segment is Technical Materials, which focuses on specialized metal products:

- Product Offerings:
- Strip Metal Products: These include clad inlays and overlay metals, allowing for specific metal properties to be applied where necessary.
- Electroplated and Electron Beam Welded Systems: Specialized methods that enhance the performance of the underlying materials by applying precious and base metals in controlled, strategic manners.
- Solder-Coated Metal Systems: Improving the ease of soldering in electronic applications.

- Manufacturing Location: The Technical Materials manufacturing unit operates from Lincoln, Rhode Island, with additional support and distribution facilities in Europe and Asia.

- Major Applications: The primary markets served by Technical Materials include:
- Automotive Electronics: Components critical for modern vehicles.
- Consumer Electronics: Featuring connectors and other electronic interfaces.
- Expanding Opportunities: The energy and medical markets are identified as having growth potential for Technical Materials products.

Product Diversification and Non-Beryllium Sales
There is a notable focus on product diversification within Performance Metals, leading to an increase in non-beryllium-containing alloy products. This strategic initiative allows Materion to cater to a broader market and reduce its reliance on beryllium as the sole product line, while still meeting the rigorous demands across high-tech industries.

Summary
Overall, the Performance Alloys and Composites segment of Materion Corporation showcases a remarkable range of advanced materials and innovative solutions. By offering a suite of products from beryllium-based alloys to technical materials for specialized applications across diverse industries, Materion not only contributes to fundamental sectors like aerospace and defense, but also taps into emerging technologies in consumer electronics and energy. The strategic focus on the continuous development of advanced materials positions Materion as a leader in high-performance materials manufacturing on a global scale.


Composition of Materion Corporation Revenues by Segments

 
Performance Materials    40.69 % of total Revenue
Electronic Materials    54.34 % of total Revenue
Electronic Materials InterEliminations    0.37 % of total Revenue
Precision Optics    5.15 % of total Revenue
Semiconductor    46.26 % of total Revenue
Industrial    10.8 % of total Revenue
Aerospace and defense    11.71 % of total Revenue
Consumer electronics    12.23 % of total Revenue
Automotive    4.96 % of total Revenue
Energy    7.71 % of total Revenue
Telecom and data center    1.84 % of total Revenue
Other    4.66 % of total Revenue
Performance Materials Semiconductor    0.48 % of total Revenue
Performance Materials Industrial    7.68 % of total Revenue
Performance Materials Aerospace and defense    10.31 % of total Revenue
Performance Materials Consumer electronics    11.27 % of total Revenue
Performance Materials Automotive    4.16 % of total Revenue
Performance Materials Energy    2.94 % of total Revenue
Performance Materials Telecom and data center    1.82 % of total Revenue
Performance Materials Other    2.03 % of total Revenue
Electronic Materials Semiconductor    45.6 % of total Revenue
Electronic Materials Industrial    1.69 % of total Revenue
Electronic Materials Aerospace and defense    0.22 % of total Revenue
Electronic Materials Consumer electronics    0.04 % of total Revenue
Electronic Materials Automotive    0.4 % of total Revenue
Electronic Materials Energy    4.77 % of total Revenue
Electronic Materials Telecom and data center    0.02 % of total Revenue
Electronic Materials Other    1.61 % of total Revenue
Precision Optics Semiconductor    0.18 % of total Revenue
Precision Optics Industrial    1.43 % of total Revenue
Precision Optics Aerospace and defense    1.18 % of total Revenue
Precision Optics Consumer electronics    0.92 % of total Revenue
Precision Optics Automotive    0.41 % of total Revenue
Precision Optics Other    1.03 % of total Revenue

Q3 three months ended (Sep 27 2024)
Revenues by Business Segments Revenues
(in millions $)
%
(of total Revenues)
Performance Materials 177.38 40.69 %
Electronic Materials 236.91 54.34 %
Electronic Materials InterEliminations 1.60 0.37 %
Precision Optics 22.43 5.15 %
Semiconductor 201.69 46.26 %
Industrial 47.10 10.8 %
Aerospace and defense 51.04 11.71 %
Consumer electronics 53.31 12.23 %
Automotive 21.63 4.96 %
Energy 33.63 7.71 %
Telecom and data center 8.00 1.84 %
Other 20.32 4.66 %
Performance Materials Semiconductor 2.10 0.48 %
Performance Materials Industrial 33.49 7.68 %
Performance Materials Aerospace and defense 44.94 10.31 %
Performance Materials Consumer electronics 49.13 11.27 %
Performance Materials Automotive 18.12 4.16 %
Performance Materials Energy 12.82 2.94 %
Performance Materials Telecom and data center 7.93 1.82 %
Performance Materials Other 8.84 2.03 %
Electronic Materials Semiconductor 198.79 45.6 %
Electronic Materials Industrial 7.35 1.69 %
Electronic Materials Aerospace and defense 0.98 0.22 %
Electronic Materials Consumer electronics 0.17 0.04 %
Electronic Materials Automotive 1.72 0.4 %
Electronic Materials Energy 20.81 4.77 %
Electronic Materials Telecom and data center 0.08 0.02 %
Electronic Materials Other 7.01 1.61 %
Precision Optics Semiconductor 0.80 0.18 %
Precision Optics Industrial 6.25 1.43 %
Precision Optics Aerospace and defense 5.13 1.18 %
Precision Optics Consumer electronics 4.01 0.92 %
Precision Optics Automotive 1.78 0.41 %
Precision Optics Other 4.47 1.03 %
Total 435.94 100 %




Q3 three months ended (Sep 27 2024)
Revenue Growth rates by Segment Y/Y Revenue
%
Q/Q Revenue
%
Performance Materials -3.94 % -5.41 %
Electronic Materials 23.19 % 11.39 %
Electronic Materials InterEliminations -50 % -
Precision Optics -14.12 % -12.6 %
Semiconductor 30.35 % 11.95 %
Industrial 0.3 % 2.23 %
Aerospace and defense 30.33 % 1.76 %
Consumer electronics -16.55 % -22.23 %
Automotive -9.13 % -2.05 %
Energy -11.95 % 35.72 %
Telecom and data center -49 % -2.79 %
Other -1.6 % -21.39 %
Performance Materials Semiconductor -22.68 % -
Performance Materials Industrial 4.52 % -
Performance Materials Aerospace and defense 45.26 % -
Performance Materials Consumer electronics -17.41 % -
Performance Materials Automotive -6.81 % -
Performance Materials Energy -1.49 % -
Performance Materials Telecom and data center -49.45 % -
Performance Materials Other -21.85 % -
Electronic Materials Semiconductor 31.31 % -
Electronic Materials Industrial -7.61 % -
Electronic Materials Aerospace and defense -11.52 % -
Electronic Materials Consumer electronics 19.44 % -
Electronic Materials Automotive -1.32 % -
Electronic Materials Energy -17.35 % -
Electronic Materials Telecom and data center 650 % -
Electronic Materials Other 46.7 % -
Precision Optics Semiconductor 27.88 % -
Precision Optics Industrial -10.07 % -
Precision Optics Aerospace and defense -28.05 % -
Precision Optics Consumer electronics -5.83 % -
Precision Optics Automotive -31.7 % -
Precision Optics Other -1.95 % -
Total 8.19 % 2.37 %




Q3 three months ended (Sep 27 2024)
Income by Business Segments Income
(in millions $)
%
(Profit Margin)
Total 22.29 5.11 %




Q3 three months ended (Sep 27 2024)
Income Growth rates by Segment Y/Y Income
%
Q/Q Income
%
Total -16.07 % 17.11 %




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