Materion Corp. (MTRN) Tops Q1 EPS by 22c, Revenues Beat; Offers FY21 EPS Guidance Above Consensus
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Materion Corporation Reports Strong First Quarter Financial Results and Provides Second Quarter and Full Year 2021 Earnings Guidance
April 29, 2021 7:00 AM EDTMAYFIELD HEIGHTS, Ohio--(BUSINESS WIRE)-- Materion Corporation (NYSE: MTRN) today reported first quarter financial results and provided second quarter and full year 2021 earnings guidance.
First Quarter 2021 Highlights
Net sales were $354.4 million compared to $277.9 million in the prior year period; value-added sales increased 29% year on year to a record $198.6 million for the quarter Operating profit of $19.7 million; adjusted earnings before interest and tax expense (EBIT) was $21.4 million, or 10.8% of value-added sales, compared to $9.9 million in the prior year period Net income of $0.81 per share, diluted;... More