Materion Corporation (MTRN)
Pretax margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 107,830 | 121,473 | 116,330 | 116,228 | 103,100 | 84,123 | 81,317 | 74,132 | 77,325 | 69,809 | 47,357 | 33,378 | 8,275 | 17,344 | 25,318 | 39,696 | 65,536 | 22,591 | 32,744 | 25,291 |
| Revenue (ttm) | US$ in thousands | 1,633,620 | 1,648,357 | 1,675,646 | 1,725,472 | 1,735,899 | 2,803,789 | 2,384,788 | 1,947,417 | 1,504,455 | 348,644 | 352,178 | 357,767 | 364,481 | 304,953 | 315,512 | 325,994 | 333,810 | 351,719 | 347,825 | 339,962 |
| Pretax margin | 6.60% | 7.37% | 6.94% | 6.74% | 5.94% | 3.00% | 3.41% | 3.81% | 5.14% | 20.02% | 13.45% | 9.33% | 2.27% | 5.69% | 8.02% | 12.18% | 19.63% | 6.42% | 9.41% | 7.44% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $107,830K ÷ $1,633,620K
= 6.60%
Materion Corp's pretax margin has shown a generally positive trend over the past eight quarters, indicating an improvement in the company's profitability before accounting for taxes and interest expenses. The pretax margin increased from 4.62% in Q1 2022 to 6.48% in Q4 2023. This signifies that the company has been able to effectively manage its operating expenses and generate higher revenue relative to its operating costs during this period.
The sequential increase in pretax margin between quarters demonstrates a consistent effort to enhance operational efficiency and maximize profitability. Specifically, the pretax margin increased from 5.87% in Q4 2022 to 6.48% in Q4 2023, representing a notable improvement over the past year.
Overall, Materion Corp's pretax margin performance reflects a positive trajectory, indicating the company's ability to generate profits before taxes efficiently. This trend bodes well for the company's financial health and suggests effective management of expenses and revenue generation strategies.