Materion (MTRN): what its 10-K says it depends on

Customers

U.S. Government

earns from · 20% of our value-added salesnamed as a risk

In 2025, 20% of our value-added sales were to customers in the aerospace and defense end market.Risk factors (Item 1A)

Also named by ADI, AIR, APH, ASTS, ATI, AVAV, AWK, BA and 46 more

Semiconductor industry

earns fromnamed as a risk

Since we are an up-front material supplier, changes in our semiconductor sales levels do not necessarily correspond to changes in the end-use consumer demand in the same period due to down-stream inventory positions, the time to develop and deploy new products, and manufacturing lead times and scheduling.Business (Item 1)

Also named by CDNS, GGG, SOLS, UCTT

Suppliers

Precious metal consignors

depends onnamed as a risk

We obtain most precious metals from consignors under consignment agreements.Risk factors (Item 1A)

Competitors

Honeywell International, Inc.

competes with

Principal competition includes companies such as Honeywell International, Inc., Praxair, Inc., Solar Applied Materials Technology Corp., Grikin, Solaris, Ametek Electronic Components and Packaging, and Tanaka Holding Co., Ltd., as well as a number of smaller regional and national suppliers.Business (Item 1)

Also named by APD, JCI, ROK, SOLS

NGK Insulators

competes with

Key competitors include NGK Insulators, Wieland Electric, Inc., Aurubis Stolberg GmbH, Diehl Metall Stiftung & Co. KG, Nippon Mining, Proterial Ltd.,Wickeder Group, Heraeus Inc., AMI Doduco, Inc., and other North American continuous strip and plating companies.Business (Item 1)

Places

Europe

earns from · approximately 64% in 2025named as a risk

Revenue from international operations (principally Europe and Asia) accounted for approximately 64% in 2025, 57% in 2024 and 51% in 2023, respectively of Net sales.Risk factors (Item 1A)

Also named by ADSK, AME, AMRC, ATR, BCSF, BKNG, BMI, BMY and 60 more

Asia

earns from · approximately 64% in 2025named as a risk

Revenue from international operations (principally Europe and Asia) accounted for approximately 64% in 2025, 57% in 2024 and 51% in 2023, respectively of Net sales.Risk factors (Item 1A)

Also named by AAPL, AYI, CART, CB, CDW, CHD, CLS, COHR and 31 more

Reading, Pennsylvania

operates innamed as a risk

Additionally, our Reading, Pennsylvania and Tucson, Arizona manufacturing facilities are dependent on materials produced by our Elmore, Ohio manufacturing facility, and our Wheatfield, New York manufacturing facility is dependent on our Buffalo, New York manufacturing facility.Risk factors (Item 1A)

Also named by CRS

Tucson, Arizona

operates innamed as a risk

Additionally, our Reading, Pennsylvania and Tucson, Arizona manufacturing facilities are dependent on materials produced by our Elmore, Ohio manufacturing facility, and our Wheatfield, New York manufacturing facility is dependent on our Buffalo, New York manufacturing facility.Risk factors (Item 1A)

Also named by RKLB

Buffalo, New York

operates innamed as a risk

Additionally, our Reading, Pennsylvania and Tucson, Arizona manufacturing facilities are dependent on materials produced by our Elmore, Ohio manufacturing facility, and our Wheatfield, New York manufacturing facility is dependent on our Buffalo, New York manufacturing facility.Risk factors (Item 1A)

Also named by SOLS

Elmore, Ohio

operates innamed as a risk

For instance, our manufacturing facility in Elmore, Ohio relies on our mining operation for its supply of beryllium hydroxide used in production of most of its beryllium-containing materials.Risk factors (Item 1A)

Utah

operates in

This segment operates the world's largest bertrandite ore mine and refinery, which is located in Utah, providing feedstock hydroxide for our beryllium businesses and external sale.Business (Item 1)

Also named by CRC, CRGY, NWPX, SLM, STRL

Commodities and inputs

Copper

exposed to its price · approximately $0.8 million on an annual basisnamed as a risk

Should the market cost of copper increase by 20% from the price as of December 31, 2025, the additional pre-tax cost to us as a result of an increase in the consignment fee would be approximately $0.8 million on an annual basis.Market risk (Item 7A)

Also named by AAON, AGX, AMKR, APG, APH, APLD, BMI, BWA and 58 more

Precious metals

exposed to its price · approximately $4.5 million on an annual basisnamed as a risk

Should the market price of precious metals that we have on consignment increase by 20% from the prices on December 31, 2025, the additional pre-tax cost to us as a result of an increase in the consignment fee would be approximately $4.5 million on an annual basis.Market risk (Item 7A)

Also named by GLW, LFUS, MTSI, SNEX

Euro

exposed to its pricenamed as a risk

Portions of our international operations sell products priced in foreign currencies, mainly the euro and yen, while the majority of these products’ costs are incurred in U.S. dollars.Market risk (Item 7A)

Also named by ABBV, ABNB, ABT, ADBE, ADI, AME, AMG, AMGN and 186 more

Natural gas

depends onnamed as a risk

In addition, many of our manufacturing facilities depend on one source for electric power and natural gas, which could be interrupted due to equipment failures, terrorism, or another cause.Risk factors (Item 1A)

Also named by AA, ADM, AEE, AEP, AES, AESI, AGX, ALB and 132 more

Japanese yen

exposed to its pricenamed as a risk

Portions of our international operations sell products priced in foreign currencies, mainly the euro and yen, while the majority of these products’ costs are incurred in U.S. dollars.Market risk (Item 7A)

Also named by ABBV, ABT, ACN, ADBE, ALK, AMAT, AMKR, BMY and 24 more

Gold

depends onnamed as a risk

We use gold and other precious metals in the production of some of our products.Risk factors (Item 1A)

Also named by AMKR, APH, BLK, CDE, DC, EZPW, FCFS, FCX and 10 more

Nickel

exposed to its pricenamed as a risk

Prices for precious metal and certain non-precious metals including tantalum, nickel, iridium, rhodium, niobium, hafnium and tungsten have fluctuated significantly in recent years.Risk factors (Item 1A)

Also named by ALSN, ATI, BWA, CRS, FLS, HON, HWM, LNG and 4 more

Tantalum

exposed to its pricenamed as a risk

Prices for precious metal and certain non-precious metals including tantalum, nickel, iridium, rhodium, niobium, hafnium and tungsten have fluctuated significantly in recent years.Risk factors (Item 1A)

Also named by UCTT, VSH, ZBH

Beryllium

depends onnamed as a risk

Health issues, litigation, and government regulations relating to our beryllium operations could significantly reduce demand for our products, limit our ability to operate, and adversely affect our profitability.Risk factors (Item 1A)

Laws and programs

U.S. tariffs (Trump administration)

subject tonamed as a risk

For example, the Trump administration has imposed and could further impose broad-based global tariffs that could adversely impact trade relations and result in higher costs.Risk factors (Item 1A)

Also named by A, AAPL, ACHR, ADI, AEHR, AEP, AIOT, AKAM and 170 more

Foreign Corrupt Practices Act (FCPA)

subject tonamed as a risk

If we are found to be liable for FCPA violations or other anti-bribery laws, we could suffer from criminal or civil penalties or other sanctions, which could have a material adverse effect on our business.Risk factors (Item 1A)

Also named by A, ADBE, ADP, AIR, AJG, ALB, AME, AMZN and 112 more

Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA)

subject tonamed as a risk

Others, such as the federal Comprehensive Environmental Response, Compensation, and Liability Act, impose strict, retroactive, and joint and several liability upon entities responsible for releases of hazardous substances.Risk factors (Item 1A)

Also named by ALSN, AME, BRK/B, BWA, CLH, CMI, DD, GIS and 10 more

Cybersecurity Maturity Model Certification (CMMC)

subject to

In the conduct of our business, we also are in the process of preparing for a Level 2 Cybersecurity Maturity Model Certification (CMMC), including by engaging an external third party to audit our information security standards against CMMC requirements.Risk factors (Item 1A)

Also named by ADI, AVAV, BWXT, GE, HEI, HLIO, HON, HWM and 15 more