MAYFIELD HEIGHTS, Ohio--(BUSINESS WIRE)--
Materion Corporation (NYSE: MTRN) announced that Fortune has
ranked the Company No. 59 on the magazine's 2012 list of the 100
Fastest-Growing Companies. The full list and related stories appear in
the September 24, 2012 issue of Fortune and online now at:
http://money.cnn.com/magazines/fortune/fastest-growing/index.html
"We are honored to receive this recognition from Fortune for our
record of growth, profitability and return to shareholders," said
Richard J. Hipple, Materion Chairman, President and CEO. "Over the past
decade, we have repositioned the Company to achieve faster and more
sustainable growth and profitability. The Company's performance over the
period measured by this list demonstrates the success of the
transformation."
To qualify for the Fortune list, a company - domestic or foreign
- must be trading on a major U.S. stock exchange; report data in U.S.
dollars; file quarterly reports with the SEC; have a minimum market
capitalization of $250 million and a stock price of at least $5 on June
29, 2012, and have been trading continuously since June 30, 2009.
Companies must have revenue and net income of at least $50 million and
$10 million, respectively, for the four quarters ended on or before
April 30, 2012, and they must have posted an annualized growth in
revenue and earnings per share of at least 20% annually over the three
years ended on or before April 30, 2012.
Companies that meet these criteria are ranked by revenue growth rate,
EPS growth rate, and three-year annualized total return for the period
ended June 29, 2012. The overall rank is based on the sum of the three
ranks. Once the 100 companies are identified, they are then re-ranked
within the 100, using the three equally weighted variables.
FORWARD-LOOKING STATEMENTS
Portions of the narrative set forth in this document that are not
statements of historical or current facts are forward-looking
statements, in particular the outlook provided above. Our actual future
performance may materially differ from that contemplated by the
forward-looking statements as a result of a variety of factors. These
factors include, in addition to those mentioned elsewhere herein:
-
The global economy;
-
The condition of the markets which we serve, whether defined
geographically or by segment, with the major market segments being:
consumer electronics, industrial and commercial aerospace, defense and
science, energy, medical, automotive electronics, telecommunications
infrastructure and appliance;
-
Changes in product mix and the financial condition of customers;
-
Actual sales, operating rates and margins for 2012;
-
Our success in developing and introducing new products and new product
ramp-up rates;
-
Our success in passing through the costs of raw materials to customers
or otherwise mitigating fluctuating prices for those materials,
including the impact of fluctuating prices on inventory values;
-
Our success in integrating acquired businesses, including EIS Optics
Limited and Aerospace Metal Composites Limited;
-
Our success in moving the microelectronics packaging operations to
Singapore;
-
Our success in implementing our strategic plans and the timely and
successful completion and start-up of any capital projects, including
the new primary beryllium facility in Elmore, Ohio;
-
The availability of adequate lines of credit and the associated
interest rates;
-
The impact of the results of acquisitions on our ability to achieve
fully the strategic and financial objectives related to these
acquisitions;
-
Other financial factors, including the cost and availability of raw
materials (both base and precious metals), physical inventory
valuations, metal financing fees, tax rates, exchange rates, pension
costs and required cash contributions and other employee benefit
costs, energy costs, regulatory compliance costs, the cost and
availability of insurance, and the impact of the Company's stock price
on the cost of incentive compensation plans;
-
The uncertainties related to the impact of war, terrorist activities
and acts of God;
-
Changes in government regulatory requirements and the enactment of new
legislation that impacts our obligations and operations;
-
The conclusion of pending litigation matters in accordance with our
expectation that there will be no material adverse effects;
-
The timing and ability to achieve further efficiencies and synergies
resulting from our name change and product line alignment under the
Materion name and Materion brand; and
-
The risk factors set forth in Part 1, Item 1A of our Annual Report on
Form 10-K for the year ended December 31, 2011.
Materion Corporation is headquartered in Mayfield Heights, Ohio. The
Company, through its wholly owned subsidiaries, supplies highly
engineered advanced enabling materials to global markets. Products
include precious and non-precious specialty metals, inorganic chemicals
and powders, specialty coatings, specialty engineered beryllium alloys,
beryllium and beryllium composites, and engineered clad and plated metal
systems.
Materion Corporation
Investor Contact:
Michael
C. Hasychak, 216-383-6823
mike.hasychak@materion.com
or
Media
Contact:
Patrick S. Carpenter, 216-383-6835
patrick.carpenter@materion.com
or
www.materion.com
Mayfield
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Source: Materion Corporation
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