Materion Corporation (NYSE:MTRN) announces a share repurchase program. Under the program, the company will repurchase up to $50 million of its shares. The repurchases will be made on the open market repurchases, negotiated block transactions, accelerated share repurchases or open market solicitations for shares, some of which may be effected through Rule 10b5-1 plans.

The number, price, structure and timing of the repurchases, if any, will be at the company's sole discretion, and future repurchases will be evaluated by the company depending on market conditions, liquidity needs and other factors. The Board of Directors may suspend, modify or terminate this repurchase program at any time without prior notice. The announcement of the new stock repurchase authorization reinforces the company's confidence in its earnings growth potential and our ability to generate significant free cash flow.