Materion Corp. (MTRN) Tops Q2 EPS by 4c, Slight Miss on Revenues; Boosts FY18 EPS Outlook
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Materion Corporation Reports Second Quarter 2018 Financial Results and Raises Full-Year 2018 Guidance
July 26, 2018 7:56 AM EDTMAYFIELD HEIGHTS, Ohio--(BUSINESS WIRE)-- Materion Corporation (NYSE: MTRN) today reported second quarter 2018 financial results.
Net sales for the second quarter 2018 were $309.1 million, compared to $295.8 million for the second quarter 2017. Second quarter 2018 value-added sales were a record $189.9 million, up 8% from prior-year value-added sales of $176.1 million. Second quarter 2018 net income was $0.54 per share, diluted, compared to $0.36 per share in the prior year. Adjusted earnings of $0.54 per share were up 29% for second quarter 2018 compared to $0.42 per share, diluted, in the second quarter 2017.... More