MAYFIELD HEIGHTS, Ohio--(BUSINESS WIRE)--Aug. 2, 2018--
Materion Corporation (NYSE-MTRN) announced today that its Board of
Directors declared a third quarter 2018 dividend of $0.105 per share of
common stock. The dividend is payable on September 5, 2018 to
shareholders of record at the close of business on August 21, 2018.
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, 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:
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Actual net sales, operating rates, and margins for 2018;
-
The global economy, including the impact of tariffs as well as other
governmental actions;
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The impact of any U.S. Federal Government shutdowns and sequestrations;
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The condition of the markets which we serve, whether defined
geographically or by segment, with the major market segments being:
consumer electronics, industrial components, medical, automotive
electronics, defense, telecommunications infrastructure, energy,
commercial aerospace, and science;
-
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 identifying acquisition candidates and in acquiring and
integrating such businesses, including our ability to effectively
integrate the HTB acquisition;
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The impact of the results of acquisitions on our ability to fully
achieve the strategic and financial objectives related to these
acquisitions;
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Our success in implementing our strategic plans and the timely and
successful completion and start-up of any capital projects;
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Other financial and economic factors, including the cost and
availability of raw materials (both base and precious metals),
physical inventory valuations, metal financing fees, tax rates,
exchange rates, interest rates, pension costs and required cash
contributions and other employee benefit costs, energy costs,
regulatory compliance costs, the cost and availability of insurance,
credit availability, 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;
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Changes in government regulatory requirements and the enactment of new
legislation that impacts our obligations and operations;
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The conclusion of pending litigation matters in accordance with our
expectation that there will be no material adverse effects; and
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The risk factors as set forth in Item 1A of our Form 10-K for the year
ended December 31, 2017.
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180802005098/en/
Source: Materion Corporation
Materion Corporation
Investor Contact
Stephen F. Shamrock,
216-383-4010
stephen.shamrock@materion.com
or
Media
Contact
John McCloskey, 216-218-8305
john.mccloskey@materion.com
https://materion.com
Mayfield
Hts-g