Materion Corp. (MTRN) Tops Q2 EPS by 11c
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Materion Corporation Reports Strong Second Quarter Financial Results and Raises Full Year Outlook
August 3, 2021 7:00 AM EDTMAYFIELD HEIGHTS, Ohio--(BUSINESS WIRE)-- Materion Corporation (NYSE: MTRN), a world leader in high performing advanced materials, today reported strong second quarter financial results and raised its 2021 outlook.
Second Quarter 2021 Highlights
Net sales were $371.0 million compared to $271.5 million in the prior year period; value-added sales increased 31% year on year to a record $207.9 million for the quarter Operating profit of $20.7 million; adjusted earnings before interest and taxes (EBIT) was $22.1 million, or 10.6% of value-added sales, a 260 basis point margin expansion... More