Materion Corp. (MTRN) Misses Q4 EPS by 6c; Guides FY17 EPS Below Views
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Materion Corporation Reports Fourth Quarter and Full-Year 2016 Financial Results and Provides 2017 Earnings Guidance
February 17, 2017 7:41 AM ESTMAYFIELD HEIGHTS, Ohio--(BUSINESS WIRE)-- Materion Corporation (NYSE: MTRN) today reported fourth quarter and full-year 2016 financial results.
Diluted earnings per share for the fourth quarter and full year of 2016 were $0.33 and $1.27, respectively. Adjusted earnings per share, diluted, for the fourth quarter and full year of 2016 were $0.28 and $1.32, respectively, in line with the Companys guidance. Net sales for the fourth quarter of 2016 were $234.3 million compared to $214.0 million for the fourth quarter of 2015. Value-added sales for the fourth quarter of 2016 were $145.1 million, an increase of 1% compared to the... More