Materion Corp. (MTRN) Tops Q3 EPS by 10c
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Materion Corporation Reports Third Quarter 2016 Financial Results and Declares Fourth Quarter Dividend
October 27, 2016 8:08 AM EDTMAYFIELD HEIGHTS, Ohio--(BUSINESS WIRE)-- Materion Corporation (NYSE: MTRN) today reported third quarter 2016 financial results.
Net sales for the third quarter of 2016 were $249.6 million compared to $244.4 million for the third quarter of 2015. Third quarter 2016 value-added sales were $157.0 million, up 5% from third quarter 2015 value-added sales of $148.8 million. Third quarter 2016 earnings were $0.40 per share, diluted, up 11% as compared to third quarter 2015 earnings of $0.36 per share, diluted. Third quarter 2016 adjusted earnings were $0.46 per share, diluted, up 7% from third quarter 2015 adjusted earnings of $0.43 per share, diluted.... More