Materion Announces Changes to End Market Reporting

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MAYFIELD HEIGHTS, Ohio--(BUSINESS WIRE)-- Materion Corporation (NYSE: MTRN) today announced changes in how the Company will report global end market value-added sales performance based on the ongoing refinement of One Materion commercial excellence go-to-market strategy. The changes reflect new processes designed to enable the Company to better serve global customers and growth markets.

The major changes from end market value-added sales information previously reported include the following:

Creating a new semiconductor end market, the majority of which was previously reported in consumer electronics;
Combining aerospace and defense into a single end market;
Expanding the previously reported automotive electronics end market to contain all automotive-related end market sales; and
Establishing a telecom and data center end market, which includes end market sales previously reported in telecommunications infrastructure and select segments of consumer electronics.

Going forward the Company will report value-added sales information for the following end markets:

Semiconductor;
Industrial;
Aerospace and defense;
Automotive;
Energy;
Consumer electronics;
Telecom and data center; and
Other

To facilitate discussions with investors and the upcoming review of second quarter earnings results, the Company is including historical data recast into the new end markets for the first quarter of 2019 and the full year of 2018 as part of this press release.

About Materion:

Materion Corporation is headquartered in Mayfield Heights, Ohio. The Company, through its wholly owned subsidiaries, supplies highly engineered advanced materials to global markets. Our unique product portfolio includes high performance alloys, beryllium products, clad metal strip, composite metals, ceramics, inorganic chemicals, microelectronics packaging materials, precision optics, thin film coatings and thin film deposition materials. Learn more about Materion at (http://materion.com/About).

Connect with Materion on social media through:

Facebook - https://www.facebook.com/MaterionCorp/
LinkedIn - https://www.linkedin.com/company/materion-corporation
Twitter - https://twitter.com/MaterionCorp
YouTube - https://www.youtube.com/user/MaterionVideos

Materion Corporation and Subsidiaries
Value-added sales by Market
(Unaudited)
	2018															2019
(Millions)	First Quarter			Second Quarter			Third Quarter			Fourth Quarter			Full Year			First Quarter
Materion Corporation
Semiconductor	$	37.0		$	39.0		$	34.5		$	33.8		$	144.3		$	37.4
Industrial	33.2			33.7			32.8			32.0			131.7			33.6
Aerospace and Defense	21.5			29.5			24.1			28.0			103.1			30.5
Automotive	19.4			19.3			21.2			18.2			78.1			17.1
Energy	16.8			15.9			19.7			16.7			69.1			18.3
Consumer Electronics	17.6			18.0			16.1			17.2			68.9			14.1
Telecom and Data Center	12.6			15.0			15.0			14.7			57.3			15.1
Other	23.2			19.5			18.5			25.2			86.5			21.6
Total	$	181.3		$	189.9		$	181.9		$	185.8		$	739.0		$	187.7
Performance Alloy and Composites
Semiconductor	$	1.1		$	1.3		$	1.4		$	1.2		$	5.0		$	1.9
Industrial	25.7			25.7			23.9			23.5			98.8			24.0
Aerospace and Defense	16.2			24.1			18.4			22.3			81.0			25.0
Automotive	17.6			17.0			19.1			16.0			69.7			15.5
Energy	6.7			8.5			10.8			9.6			35.6			9.8
Consumer Electronics	13.2			12.9			11.2			12.3			49.6			10.5
Telecom and Data Center	12.5			14.9			14.9			14.5			56.8			15.0
Other	7.3			5.7			5.2			10.7			29.0			7.9
Total	$	100.3		$	110.1		$	104.9		$	110.1		$	425.5		$	109.6
Advanced Materials
Semiconductor	$	35.4		$	37.3		$	32.8		$	32.3		$	137.8		$	35.4
Industrial	4.7			4.8			5.5			5.0			20.0			5.5
Aerospace and Defense	0.6			0.4			0.5			0.6			2.1			0.7
Automotive	1.6			1.8			1.7			2.0			7.1			1.4
Energy	10.1			7.4			8.8			7.1			33.4			8.5
Consumer Electronics	0.1			0.1			0.1			0.1			0.4			0.1
Telecom and Data Center	0.1			0.1			0.2			0.1			0.5			0.1
Other	5.7			5.4			5.7			5.6			22.4			5.8
Total	$	58.3		$	57.3		$	55.3		$	52.8		$	223.7		$	57.5
Precision Coatings
Semiconductor	$	0.5		$	0.4		$	0.3		$	0.2		$	1.4		$	0.1
Industrial	2.7			3.2			3.3			3.5			12.7			4.1
Aerospace and Defense	4.7			5.0			5.2			5.2			20.1			4.9
Automotive	0.2			0.5			0.4			0.3			1.4			0.2
Energy	—			—			—			—			—			—
Consumer Electronics	4.3			5.0			4.7			4.8			18.8			3.5
Telecom and Data Center	—			—			—			—			—			—
Other	11.2			9.3			9.1			10.2			39.8			9.7
Total	$	23.6		$	23.4		$	23.0		$	24.2		$	94.2		$	22.5

Eliminations	$	(0.9	)	$	(0.9	)	$	(1.3	)	$	(1.3	)	$	(4.4	)	$	(1.9	)