Materion Corp. (MTRN) Tops Q4 EPS by 1c, Revenues Miss; Offers FY20 EPS Mid-Point Guidance Below Consensus

Materion Corp. (NYSE: MTRN) reported Q4 EPS of $0.68, $0.01 better than the analyst estimate of $0.67. Revenue for the quarter came in at $280.2 million versus the consensus estimate of $295.32 million.

Fourth Quarter 2019 Results

• Net sales were $280.2 million compared to $298.1 million in 2018; value-added sales were $162.5 million versus $185.8 million in 2018
• Operating profit was $16.6 million; adjusted operating profit was $17.1 million compared to $18.1 million in 2018
• Net income was $0.71 per share, diluted; adjusted earnings per share were $0.68, the twelfth consecutive quarter of year-over-year earnings growth

“I am very pleased to report another year of exceptional results, delivering the third consecutive year of greater than 30% adjusted earnings growth,” stated Jugal Vijayvargiya, President and Chief Executive Officer. “Our multi-pillar One Materion strategy continues to gain traction. We will continue to execute this strategy to deliver long-term profitable growth, even as we navigate through market cycles and macroeconomic uncertainty.”

GUIDANCE:

Materion Corp. sees FY2020 EPS of $3.15-$3.30, versus the consensus of $3.28.

We continue to face challenging conditions impacting several of the geographies and end markets we serve, including automotive, industrial, energy, and telecom and data center. We remain focused on executing our multi-pillar strategy and making the necessary investments to deliver long-term growth.

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

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