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 |
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Performance Materials |
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40.69 % |
of total Revenue |
Electronic Materials |
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54.34 % |
of total Revenue |
Electronic Materials InterEliminations |
|
0.37 % |
of total Revenue |
Precision Optics |
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5.15 % |
of total Revenue |
Semiconductor |
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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 |
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4.96 % |
of total Revenue |
Energy |
|
7.71 % |
of total Revenue |
Telecom and data center |
|
1.84 % |
of total Revenue |
Other |
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4.66 % |
of total Revenue |
Performance Materials Semiconductor |
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0.48 % |
of total Revenue |
Performance Materials Industrial |
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7.68 % |
of total Revenue |
Performance Materials Aerospace and defense |
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10.31 % |
of total Revenue |
Performance Materials Consumer electronics |
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11.27 % |
of total Revenue |
Performance Materials Automotive |
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4.16 % |
of total Revenue |
Performance Materials Energy |
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2.94 % |
of total Revenue |
Performance Materials Telecom and data center |
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1.82 % |
of total Revenue |
Performance Materials Other |
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2.03 % |
of total Revenue |
Electronic Materials Semiconductor |
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45.6 % |
of total Revenue |
Electronic Materials Industrial |
|
1.69 % |
of total Revenue |
Electronic Materials Aerospace and defense |
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0.22 % |
of total Revenue |
Electronic Materials Consumer electronics |
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0.04 % |
of total Revenue |
Electronic Materials Automotive |
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0.4 % |
of total Revenue |
Electronic Materials Energy |
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4.77 % |
of total Revenue |
Electronic Materials Telecom and data center |
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0.02 % |
of total Revenue |
Electronic Materials Other |
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1.61 % |
of total Revenue |
Precision Optics Semiconductor |
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0.18 % |
of total Revenue |
Precision Optics Industrial |
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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 |
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1.03 % |
of total Revenue |
Q3 three months ended (Sep 27 2024)
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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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