Materion Corp. (MTRN) Tops Q1 EPS by 22c, Revenues Beat; Raises FY19 EPS Guidance Above Consensus
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Materion Corporation Reports Record First Quarter 2019 Financial Results and Raises Full-Year 2019 Earnings Guidance
May 2, 2019 7:59 AM EDTMAYFIELD HEIGHTS, Ohio--(BUSINESS WIRE)-- Materion Corporation (NYSE: MTRN) today reported first quarter 2019 financial results.
First Quarter 2019 Results
Net sales were $301.4 million; value-added sales increased 4% to a first quarter record of $187.7 million
Operating profit was a record $21.4 million, or 11.4% of value-added sales, the ninth consecutive quarterly year-over-year increase
Diluted earnings per share were a record $0.82, up 61% year-over-year
Earnings Guidance
The Company is raising its full-year 2019 adjusted earnings guidance to $2.80 to $3.00 per share, diluted; a 22% increase over prior year... More
