Materion Corp. (MTRN) Tops Q1 EPS by 3c
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Materion Corporation Reports First Quarter 2016 Financial Results and Confirms Outlook for 2016
April 29, 2016 8:01 AM EDTMAYFIELD HEIGHTS, Ohio--(BUSINESS WIRE)-- Materion Corporation (NYSE: MTRN) today reported first quarter 2016 financial results.
First quarter 2016 earnings were $0.27 per share, diluted, in line with Company expectations. Net sales for the first quarter of 2016 were $235.5 million. Value-added sales were $143.9 million, flat with the fourth quarter of 2015 value-added sales. Both the Advanced Materials and Precision Coatings business groups delivered sequential profit growth and margin expansion in the first quarter of 2016, compared to the fourth quarter of 2015. The Company confirms its previously announced 2016... More