Materion Corporation (MTRN) Financial Statements (2024 and earlier)

Company Profile

Business Address 6070 PARKLAND BLVD.
MAYFIELD HTS., OH 44124
State of Incorp. OH
Fiscal Year End December 31
Industry (SIC) 346 - Metal Forgings And Stampings (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1313142612571
Cash and cash equivalents1313142612571
Receivables193215224166155131
Inventory, net of allowances, customer advances and progress billings442423361251190215
Inventory442423361251190215
Other undisclosed current assets623928212223
Total current assets:709690627464492439
Noncurrent Assets
Operating lease, right-of-use asset5864636223
Property, plant and equipment    310232251
Intangible assets, net (including goodwill)3214634752008597
Goodwill3213193191457991
Intangible assets, net (excluding goodwill)  1431575566
Regulated entity, other noncurrent assets      
Deferred income tax assets5353 
Other noncurrent assets22232719187
Other undisclosed noncurrent assets648449409 26
Total noncurrent assets:1,0531,002980594361361
TOTAL ASSETS:1,7631,6921,6071,058853800
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities171163181117118133
Taxes payable4213
Employee-related liabilities38194148
Accounts payable12610886564350
Accrued liabilities465553413233
Deferred revenue1415883
Debt394415212
Accrued environmental loss contingencies      1
Other undisclosed current liabilities3117   4
Total current liabilities:255239205127122140
Noncurrent Liabilities
Long-term debt and lease obligation4014255081143717
Long-term debt, excluding current maturities3884114343712
Capital lease obligations15
Finance lease, liability1414162117
Liabilities, other than long-term debt2212281751628062
Accounts payable and accrued liabilities411333
Deferred revenue104108988733
Deferred tax liabilities, net0
Deferred income tax liabilities20282716 
Liability, pension and other postretirement and postemployment benefits262033423239
Accrued environmental loss contingencies      5
Other liabilities131215141215
Operating lease, liability5459575718
Total noncurrent liabilities:62365368327511779
Total liabilities:878892887402240219
Equity
Equity, attributable to parent, including:885800720656611554
Common stock   272259250235
Treasury stock, value(238)(221)(210)(199)(187)(175)
Accumulated other comprehensive loss(47)(42)(40)(39)(45)(58)
Retained earnings854769694631590548
Other additional capital655434
Other undisclosed equity, attributable to parent309288    
Total equity:885800720656611554
Other undisclosed liabilities and equity     227
TOTAL LIABILITIES AND EQUITY:1,7631,6921,6071,058853800

Income Statement (P&L) ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues1,6651,7571,5111,1761,1851,208
Cost of revenue
(Cost of Goods and Services Sold)
(1,316)(1,413)(1,227)(984)(926)(957)
Gross profit:349344284193259251
Operating expenses(189)(200)(190)(165)(166)(174)
Other operating expense, net(23)(24)(17)(8)(12)(15)
Other undisclosed operating loss     (14) 
Operating income:13612077196761
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
3554(3)(43)
Interest and debt expense(1)(1)(1)(1)(2)(1)
Income from continuing operations before equity method investments, income taxes:13812481226218
Other undisclosed income (loss) from continuing operations before income taxes(31)(21)(4)(14)0(1)
Income from continuing operations before income taxes:1081037786216
Income tax expense (benefit)(12)(17)(5)7(11)5
Income from continuing operations:968672155121
Income before gain (loss) on sale of properties:72155121
Net income available to common stockholders, diluted:968672155121

Comprehensive Income ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:968672155121
Other comprehensive income (loss)  (2)71345
Other undisclosed comprehensive loss      
Comprehensive income:968671226366
Other undisclosed comprehensive loss, net of tax, attributable to parent(5)(2)    
Comprehensive income, net of tax, attributable to parent:918471226366

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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