MAYFIELD HEIGHTS, Ohio--(BUSINESS WIRE)--
Materion Corporation (NYSE:MTRN) announced today the declaration of its
third quarter dividend of $0.08 per share payable on September 4, 2013
to shareholders of record on August 16, 2013. The dividend is a
reflection of the Company's continued confidence in the strength of its
business, its prospects for long-term growth and its ability to continue
to grow the business organically, as well as through acquisitions while
returning cash to shareholders.
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. 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:
-
Actual sales, operating rates and margins for 2013;
-
Uncertainties relating to the fourth quarter 2012 physical inventory
and possible theft at our Albuquerque facility, including (i) the
outcome of our investigations and (ii) the timing and amount, if any,
of any insurance proceeds that we might receive;
-
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 components and commercial aerospace,
defense and science, automotive electronics, medical, energy and
telecommunications infrastructure;
-
Changes in product mix and the financial condition of customers;
-
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 completing the announced facility consolidations and
achieving the expected benefits;
-
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, 2012.
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
Investors:
Michael C. Hasychak, 216-383-6823
Media:
Patrick S. Carpenter, 216-383-6835
http://www.materion.com
Mayfield
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Source: Materion Corporation
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