Materion Corporation (NYSE:MTRN) Q1 2024 Earnings Call Transcript

So we continue to work that. We continue to drive operational excellence initiatives on our side so that any type of price downs that we have to give to our customers. We’re offsetting those with cost outs, but in general, what I will tell you is if you look at our business over the last several years, we tend to be price positive. So what I mean by that is we tend to be more, I would say, on the price up than on the price downs across the board. And so we’ll continue to keep a focus on that. Our sales teams know very well, as they work with our product teams, on what the cost structure is that we have in our various businesses and how to properly price the product and making sure that we’re looking at appropriate value based pricing. So pricing has been a key, important enabler for us.

I expect it to continue to be a key, important enabler for us and we’re always, as I said, managing between what the pricing is and what the share is and how can we make sure that we’re properly balancing both of those items.

Dave Storms: That’s very helpful. Thank you for taking my questions and good luck in Q2.

Operator: Thank you. We have reached the end of the question-and-answer session, and I will now turn the call over to Kyle Kelleher for closing remarks.

Kyle Kelleher: Thank you. This concludes our first quarter 2024 earnings call. A recorded playback of this call will be available on the company’s website, materion.com. I’d like to thank you for participating on this call and your interest in Materion. I will be available for any follow up questions. My number is 216-383-4931. Thank you again.

Operator: Thank you. This concludes today’s conference and you may disconnect your liens at this time. Thank you for your participation.