Materion Corp. (MTRN) Tops Q1 EPS by 22c, Revenues Beat; Raises FY19 EPS Guidance Above Consensus

Materion Corp. (NYSE: MTRN) reported Q1 EPS of $0.82, $0.22 better than the analyst estimate of $0.60. Revenue for the quarter came in at $301.4 million versus the consensus estimate of $294.27 million.

First Quarter 2019 Results

• Net sales were $301.4 million; value-added sales increased 4% to a first quarter record of $187.7 million
• Operating profit was a record $21.4 million, or 11.4% of value-added sales, the ninth consecutive quarterly year-over-year increase
• Diluted earnings per share were a record $0.82, up 61% year-over-year

“Our momentum continued in the first quarter as we delivered record earnings and the ninth consecutive quarter of year-over-year value-added sales and profit growth,” stated Jugal Vijayvargiya, President and Chief Executive Officer. “We remain intently focused on our multi-pillar strategy to consistently deliver profitable growth. Based on our first quarter performance and outlook, we are raising our full-year 2019 adjusted earnings guidance range to reflect a 22% year-over-year increase in earnings.”

GUIDANCE:

Materion Corp. sees FY2019 EPS of $2.80-$3.00, versus the consensus of $2.66.

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

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