Materion Corp. (MTRN) Tops Q4 EPS by 1c, Revenues Miss; Offers FY20 EPS Mid-Point Guidance Below Consensus
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Materion Corporation Reports Full-year and Fourth Quarter 2019 Financial Results and Provides 2020 Earnings Guidance
February 13, 2020 7:53 AM ESTMAYFIELD HEIGHTS, Ohio--(BUSINESS WIRE)-- Materion Corporation (NYSE: MTRN) today reported full-year and fourth quarter 2019 financial results, provided 2020 earnings guidance, and announced the date of the Annual Meeting.
Full-Year 2019 Results
Operating profit was $67.0 million; adjusted operating profit improved 25% from prior year to a record $82.4 million Operating cash flow was a record $99.2 million Net income was $2.45 per share, diluted; adjusted earnings per share were $3.19, an all-time record and the third consecutive year with earnings growth greater than 30%Fourth Quarter 2019 Results
Net sales were $280.2... More