Materion Corp. (MTRN) Tops Q3 EPS by 13c, Miss on Revenues; Lifts FY18 EPS Guidance Above Consensus
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Materion Corporation Reports Third Quarter 2018 Financial Results, Raises Full-Year 2018 Guidance, and Declares Fourth Quarter Dividend
October 25, 2018 7:54 AM EDTMAYFIELD HEIGHTS, Ohio--(BUSINESS WIRE)-- Materion Corporation (NYSE: MTRN) today reported third quarter 2018 financial results.
Net sales for the third quarter 2018 were $297.2 million, compared to $294.3 million for the third quarter 2017. Third quarter 2018 value-added sales were $181.9 million, up 6% from $171.4 million in the prior year third quarter. Third quarter 2018 net income was $0.97 per share, diluted, compared to $0.46 per share in the prior year third quarter. Record adjusted earnings of $0.68 per share, diluted, were up 36% for third quarter 2018 compared to... More