Materion (MTRN) Q4 2025 Earnings Call Transcript

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Feb. 12, 2026 astatine 9 a.m. ET

• President and Chief Executive Officer — Jugal K. Vijayvargiya

• Vice President and Chief Financial Officer — Shelly M. Chadwick

Jugal K. Vijayvargiya, President and Chief Executive Officer and Shelly M. Chadwick, Vice President and Chief Financial Officer. Our format for today’s league telephone is arsenic follows. Jugal volition supply opening comments connected the 4th and afloat year. Following Jugal, Shelly volition reappraisal the elaborate fiscal results successful summation to discussing expectations for 2026. We volition past unfastened up the telephone for questions. Let maine punctual investors that immoderate forward-looking statements made successful the presentation, including those successful the outlook conception and during the question and reply information are based connected existent expectations. The company’s existent show whitethorn materially disagree from that contemplated by the forward-looking statements arsenic a effect of a assortment of factors.

Those factors are listed successful the net property merchandise we issued this morning. Additionally, comments regarding net earlier interest, taxes, depreciation, depletion, and amortization, nett income and net per stock bespeak the adjusted GAAP numbers shown successful Attachments 4 done 8 successful this morning’s property release. The adjustments are made successful the anterior twelvemonth play for comparative purposes and region peculiar items, noncash charges, and definite discrete income taxation adjustments.

Kyle Kelleher: And present I volition crook implicit the telephone to Jugal for his comments.

Jugal K. Vijayvargiya: Thanks, Kyle.

Jugal K. Vijayvargiya: Good morning, everyone.

Jugal K. Vijayvargiya: It is large to beryllium with you contiguous to sermon our 4th fourth and afloat twelvemonth 2025 results and to supply an overview of our maturation expectations for 2026. Our 4th fourth income were impacted by a prime lawsuit with our largest customer. Excluding this event, we delivered precise beardown fiscal results led by outperformance connected some apical and bottommost line, successful our Electronic Materials and Precision Optics businesses.

Jugal K. Vijayvargiya: This performance, combined with caller concern growth,

Jugal K. Vijayvargiya: and the momentum we are seeing crossed our markets,

Jugal K. Vijayvargiya: and successful our bid rates,

Jugal K. Vijayvargiya: are entering 2026 with confidence. Let maine archetypal code the prime event. In Q4, our ample Precision Clad Strip lawsuit alerted america to a show contented with our worldly during their accumulation process. Our squad responded swiftly and decisively, collaborating intimately with the lawsuit to place the basal cause. To thoroughly measure and code the situation, we temporarily idled our 2 Precision Clad Strip facilities allowing america clip to instrumentality corrective actions. We conducted a broad valuation of the contented scope, made targeted modifications to our processes and procedures, and introduced enhanced prime power measures designed to minimize the hazard of immoderate aboriginal occurrences.