Materion Corp. (MTRN) Tops Q2 EPS by 5c, Beats on Revenues; Reaffirms FY17 EPS Guidance

Materion Corp. (NYSE: MTRN) reported Q2 EPS of $0.42, $0.05 better than the analyst estimate of $0.37. Revenue for the quarter came in at $295.8 million versus the consensus estimate of $254.28 million.

• Second quarter 2017 earnings were $0.36 per share, diluted, compared to $0.27 per share in the second quarter of 2016. Second quarter 2017 adjusted earnings were $0.42 per share, diluted, up 35% from second quarter 2016 adjusted earnings of $0.31 per share.
• Net sales for the second quarter of 2017 were $295.8 million, compared to $249.8 million for the second quarter of 2016. Second quarter 2017 value-added sales reached a quarterly record of $176.1 million, up 14% from second quarter 2016 value-added sales of $153.9 million.
• The Company resumed shipments in the second quarter of raw material beryllium hydroxide to a longstanding customer under a new long-term supply agreement.
• The Company affirms its full-year adjusted earnings guidance of $1.45 to $1.60 per share.

GUIDANCE:

Materion Corp. sees FY2017 EPS of $1.45-$1.60, versus the consensus of $1.50.

For earnings history and earnings-related data on Materion Corp. (MTRN) click here.

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