Materion Corp. (MTRN) Tops Q4 EPS by 13c, Offers FY18 Guidance
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Materion Corporation Reports Fourth Quarter and Full-Year 2017 Financial Results and Provides 2018 Earnings Guidance
February 15, 2018 7:52 AM ESTMAYFIELD HEIGHTS, Ohio--(BUSINESS WIRE)-- Materion Corporation (NYSE: MTRN) today reported fourth quarter and full-year 2017 financial results and provided 2018 earnings guidance.
Net sales for the fourth quarter of 2017 were $308.7 million, compared to $234.3 million for the fourth quarter of 2016. Fourth quarter 2017 value-added sales grew 25% to a record $181.2 million, from prior-year value-added sales of $145.1 million. Operating profit for the fourth quarter 2017 was $13.9 million compared to $3.6 million in the prior year. Excluding non-recurring items, adjusted operating profit improved 89% to $13.6 million in the fourth quarter of 2017... More