Materion Corporation

Materion reported record second-quarter 2026 results, with value-added sales up 15% to $308.2 million and adjusted earnings per share of $1.90, up 39% year-over-year. All three business segments achieved double-digit sales and EBITDA growth, and the company exceeded a 23% adjusted EBITDA margin for the first time. Citing record backlog up roughly 30% from last year and strong order momentum, Materion raised its full-year adjusted EPS guidance to a range of $6.80 to $7.20, up from $6.00 to $6.50 previously, and now expects mid-teens sales growth for 2026. The company also secured a new $15 million program to deliver advanced materials critical to engine performance for a major commercial space customer.

Materion declared a quarterly cash dividend of $0.145 per share, in line with the previous payout. The dividend is payable on September 4 to shareholders of record as of August 20, with the ex-dividend date also set for August 20. The forward yield stands at 0.24 percent. This marks the second consecutive quarter that the company has announced a dividend of $0.145.

Materion shares ended the last trading session 4.2% higher at $274.98 on impressive volume. The gain follows upbeat first-quarter results driven by double-digit growth across most end markets and improved operational performance. The company expects solid fiscal 2026 performance with low double-digit top-line growth and maintained its adjusted EPS guidance of $6.00 to $6.50, expressing growing confidence in hitting the upper end. Materion also announced its 14th consecutive annual dividend increase. The stock currently carries a Zacks Rank of 2, or Buy.