Shares of Materion (NYSE: MTRN) surged 5.94% in pre-market trading on Wednesday, following the company's better-than-expected fourth-quarter 2024 earnings and an upbeat outlook for 2025.
Materion reported adjusted earnings per share of $1.55 for the fourth quarter, surpassing analysts' estimates of $1.45. Despite lingering macroeconomic challenges, the company's net sales grew 3.77% year-over-year to $436.9 million, driven by strength in the space & defense and semiconductor sectors.
For the full year 2025, Materion provided an optimistic outlook, guiding for adjusted earnings per share in the range of $5.30 to $5.70, representing a potential increase of 3% from the previous year at the midpoint. The company cited expectations of mid-single-digit top-line growth, operational excellence, cost management, and portfolio optimization as key factors behind the projected earnings growth.