Materion Corp. (MTRN) Tops Q2 EPS by 1c, Lowers FY Guidance

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Materion Corporation Reports Second Quarter 2015 Financial Results and Revises Outlook for 2015

July 30, 2015 8:09 AM EDT

MAYFIELD HEIGHTS, Ohio--(BUSINESS WIRE)-- Materion Corporation (NYSE: MTRN) today reported second quarter 2015 financial results.

Second quarter 2015 GAAP earnings were $0.43 per share, diluted. This compares to second quarter 2014 GAAP earnings of $0.47 per share, diluted, and represents a 19% improvement over the second quarter 2014 adjusted earnings of $0.36 per share, diluted. Second quarter 2015 results reflect the fifth consecutive quarter of year-over-year value-added sales and adjusted operating profit growth. Net sales for the second quarter of 2015 were $276.9 million. Value-added sales were $162.4 million, up 4% compared to value-added... More