Materion Corp. (MTRN) Reports Q2 EPS of $0.27; Trims FY16 EPS Outlook

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Go back to Materion Corp. (MTRN) Reports Q2 EPS of $0.27; Trims FY16 EPS Outlook

Materion Corporation Reports Second Quarter 2016 Financial Results and Updated Outlook for 2016

July 28, 2016 8:07 AM EDT

MAYFIELD HEIGHTS, Ohio--(BUSINESS WIRE)-- Materion Corporation (NYSE: MTRN) today reported second quarter 2016 financial results.

Net sales for the second quarter of 2016 were $249.8 million compared to $235.5 million for the first quarter of 2016. Second quarter 2016 value-added sales were $153.9 million, up 7% from first quarter 2016 value-added sales of $143.9 million. Second quarter 2016 earnings were $0.27 per share, diluted, in-line with first quarter 2016 earnings of $0.27 per share, diluted. Second quarter 2016 adjusted earnings were $0.31 per share, diluted, up 15% from first quarter 2016 earnings of $0.27 per share, diluted.... More