Materion (MTRN) FY2021 results: revenue $1.5 billion, up 28.4% on the year
Materion Corp. (MTRN) reported revenue of $1.5 billion for fiscal 2021, the year ended 31 December 2021, up 28.4% on the year before. Net income was $72 million, up 368.7%, and diluted earnings per share $3.50. The figures are the company's own, from the 10-K it filed with the SEC on 17 February 2022.
Revenue
$1.5 billion
+28.4% on the year
FY2014FY2021
Operating margin
5.1%
0.7% a year earlier
FY2014FY2021
Net income
$72 million
+368.7% on the year
FY2014FY2021
Diluted EPS
$3.50
+366.7% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
90.2
101
99.2
-10.7%
Capital expenditure
103
67.3
24.3
+53.0%
Free cash flow
-12.7
33.8
75.0
Free cash flow margin
-0.8%
2.9%
6.3%
Cash from investing
-494
-195
-26.5
Cash from financing
393
-7.1
-18.1
Depreciation and amortisation
44.1
42.4
41.1
+4.1%
Share-based compensation
6.5
5.5
7.2
+17.9%
Buybacks
0.0
6.8
0.2
Dividends paid
9.7
9.3
8.9
+4.8%
Dividend per share
$0.47
$0.46
$0.43
+4.4%
Diluted shares, weighted
21m
21m
21m
+0.4%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
720
656
646
+9.9%
Debt
455
38.5
2.2
+1,081.3%
Operating lease liabilities
57.1
56.8
18.1
+0.6%
Finance lease liabilities
16.3
20.5
17.4
-20.5%
Other liabilities
359
286
215
+25.3%
Total liabilities and equity
1,607
1,058
898
+52.0%
Fixed assets
409
310
232
+32.1%
Goodwill
319
145
79.0
+119.9%
Intangible assets
157
54.7
6.4
+186.7%
Cash and equivalents
14.5
25.9
125
-44.1%
Receivables
214
166
155
+28.5%
Inventory
361
251
236
+44.0%
Other assets
134
105
64.8
+26.8%
Total assets
1,607
1,058
898
+52.0%
10-K for the year ended 31 December 2021, filed 17 February 2022: the filing.