Materion (MTRN) FY2012 results: revenue $1.3 billion, down 16.6% on the year
Materion Corp. (MTRN) reported revenue of $1.3 billion for fiscal 2012, the year ended 31 December 2012, down 16.6% on the year before. Net income was $25 million, down 38.3%, and diluted earnings per share $1.19. The figures are the company's own, from the 10-K it filed with the SEC on 8 March 2013.
Revenue
$1.3 billion
-16.6% on the year
FY2009FY2012
Operating margin
2.9%
3.7% a year earlier
FY2009FY2012
Net income
$25 million
-38.3% on the year
FY2009FY2012
Diluted EPS
$1.19
-38.3% on the year
FY2009FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
1,273
1,527
1,302
-16.6%
Cost of revenue
1,074
1,311
1,080
-18.1%
Gross profit
199
215
223
-7.7%
Gross margin
15.6%
14.1%
17.1%
Research and development
12.5
11.1
7.1
+12.9%
Selling, general and administrative
134
131
126
+1.9%
Operating income
36.8
57.1
73.6
-35.6%
Operating margin
2.9%
3.7%
5.7%
Pre-tax income
33.6
54.3
71.0
-38.0%
Income tax
9.0
14.3
24.5
-37.2%
Effective tax rate
26.7%
26.3%
34.6%
Net income
24.7
40.0
46.4
-38.3%
Net margin
1.9%
2.6%
3.6%
Diluted EPS
$1.19
$1.93
$2.25
-38.3%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
38.6
56.8
31.0
-32.0%
Capital expenditure
34.1
28.2
42.3
+20.9%
Free cash flow
4.5
28.6
-11.3
-84.2%
Free cash flow margin
0.4%
1.9%
-0.9%
Cash from investing
-43.4
-50.0
-46.5
Cash from financing
8.5
-10.6
19.8
Depreciation and amortisation
37.0
43.6
35.4
-15.1%
Share-based compensation
5.9
5.0
4.1
+17.8%
Buybacks
0.1
3.8
3.5
-96.8%
Dividends paid
4.6
0.0
0.0
Dividend per share
$0.23
$0.00
$0.00
Diluted shares, weighted
21m
21m
21m
-0.4%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
416
406
384
+2.6%
Debt
94.3
81.4
86.1
+15.9%
Other liabilities
304
285
265
+6.9%
Total liabilities and equity
815
772
735
+5.5%
Fixed assets
273
264
266
+3.3%
Goodwill
88.8
84.0
72.9
+5.6%
Intangible assets
28.9
35.0
36.8
-17.5%
Cash and equivalents
16.1
12.3
16.1
+31.0%
Receivables
126
118
139
+7.4%
Inventory
206
187
154
+10.1%
Other assets
76.1
72.1
49.8
+5.6%
Total assets
815
772
735
+5.5%
10-K for the year ended 31 December 2012, filed 8 March 2013: the filing.