Filing Flows › Materion (MTRN) › Q1 2025
Materion (MTRN) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 1, 2025
Materion (MTRN) reported revenue of $420M for the first quarter 2025 (Q1 2025), +9% from a year earlier and -4% from the quarter before. Operating margin was 6.5%, net earnings $17.7M (4.2% of revenue).
Materion, Q1 2025: revenue $420M (+9% year over year), operating margin 6.5%, net earnings $17.7M, operating cash flow $15.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $420M | -4% | +9% |
| Gross profit | $76.2M | -18% | +7% |
| Operating profit | $27.2M | — | +22% |
| Net earnings | $17.7M | — | +32% |
| Operating cash flow | $15.5M | -80% | — |
| Free cash flow | $3.2M | -95% | — |
What changed
Revenue was $420.3M in Q1 2025, up 9% year over year and down 4% from the previous quarter. Semiconductor was the largest line at 45% of revenue. Semiconductor added $28.7M year over year (up 18%), 82% of the total change. Consumer electronics declined 14%.
Gross margin was 18.1%, down 0.4 points from a year earlier. Operating profit was $27.2M, a 6.5% margin (up 0.7 points year over year). Of the extra revenue versus a year earlier, 14% reached operating profit, above the 6% margin then. Operating expenses grew 0% against revenue growth of 9%. The fastest-growing cost line was Other operating costs (+18%). Net earnings were $17.7M, up 32% year over year. The effective tax rate was 15.5%.
Operating cash flow was $15.5M, 88% of net earnings. Non-cash charges added back $16.5M of depreciation and amortization and $3.0M of share-based compensation. Working capital and other items used $21.7M. Capital expenditures of $12.3M left free cash flow of $3.2M.
Questions
What was Materion's revenue in the first quarter 2025?
Materion (MTRN) reported revenue of $420M for the first quarter 2025 (Q1 2025), +9% from a year earlier and -4% from the quarter before.
Was Materion profitable in the first quarter 2025?
Operating profit was $27.2M (6.5% of revenue) and net earnings $17.7M.
Source: Materion 10-Q on SEC EDGAR.