Materion Corp. (MTRN) Tops Q3 EPS by 10c, Updates FY Guidance
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Materion Corporation Reports Third Quarter 2017 Financial Results and Narrows Full-Year 2017 Guidance on the High End
October 26, 2017 7:57 AM EDTMAYFIELD HEIGHTS, Ohio--(BUSINESS WIRE)-- Materion Corporation (NYSE: MTRN) today reported third quarter 2017 financial results.
Third quarter 2017 earnings were $0.46 per share, diluted, compared to $0.40 per share in the third quarter of 2016. Third quarter 2017 adjusted earnings were $0.50 per share, diluted, up 9% from third quarter 2016 adjusted earnings of $0.46 per share. Net sales for the third quarter of 2017 were $294.3 million, compared to $249.6 million for the third quarter of 2016. Third quarter 2017 value-added sales totaled $171.4 million, up 9% from third quarter 2016 value-added... More