Materion Corp. (MTRN) Tops Q4 EPS by 12c, Slight Miss on Revenues; Offers FY19 EPS Guidance Above Consensus

Materion Corp. (NYSE: MTRN) reported Q4 EPS of $0.65, $0.12 better than the analyst estimate of $0.53. Revenue for the quarter came in at $298.1 million versus the consensus estimate of $298.63 million.

Fourth Quarter 2018 Results

• Net sales were $298.1 million; Value-added sales increased 3% to a fourth quarter record of $185.8 million
• Operating profit was $14.4 million; Adjusted operating profit improved 29% to a fourth quarter record of $18.1 million
• Net loss was $1.03 per share, diluted; Adjusted earnings were up 27% to a fourth quarter record of $0.65 per share

Earnings Guidance

• The Company is providing full-year 2019 adjusted earnings guidance of $2.62 to $2.74 per share, representing a double-digit increase for the third consecutive year

“We had an exceptional quarter and year as our multi-pillar strategy continued to drive significant improvements across the company,” stated Jugal Vijayvargiya, President and Chief Executive Officer. “Our team achieved record results for employee safety, value-added sales, and adjusted operating profit and EPS, despite softening market conditions in the fourth quarter. We have now delivered eight consecutive quarters of sales and profit growth. Going into 2019, we have established a solid base for sales and profit growth and expect to deliver double-digit profit growth for the third consecutive year.”

GUIDANCE:

Materion Corp. sees FY2019 EPS of $2.62-$2.74, versus the consensus of $2.44.

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

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